In 2021, the development trend of China's new display industry is good and continues to maintain a high-speed growth trend. China has become the world's largest display panel production base, with further growth in the overall scale of the industry, accelerated improvement in the ecology of the industrial chain supply chain, gradual growth of domestic upstream enterprises, zero breakthrough in some core equipment, and significant improvement in the synergy of the industrial chain.
With the development of 5g, artificial intelligence, Internet of things, cloud computing and other technologies, a variety of display technologies are expanding their application space, and Chinese enterprises will get more development opportunities.
Favorable policies continue
2021 is the first year of the "14th five year plan", and the "14th five year plan" provides strategic guidance for the "bigger and stronger" of China's new display. At the same time, many departments have also issued a series of supporting policies to help the development of new display industry.
At the end of March this year, in order to accelerate the expansion of the new generation of information technology and support the development of new display industry, the Ministry of finance, the General Administration of customs and the State Administration of Taxation jointly issued the notice on import tax policies supporting the development of new display industry from 2021 to 2030. From January 1, 2021 to December 31, 2030, For new display device manufacturers importing self-use productive (including R & D, the same below) raw materials, consumables and purification room supporting systems, production equipment (including imported equipment and domestic equipment) spare parts that cannot be produced in China or whose performance cannot meet the demand, and for key raw materials Spare parts (i.e. target, photoresist, mask, polarizer and color filter film) manufacturers shall be exempted from import tariff if they import their own productive raw materials and consumables that cannot be produced in China or whose performance cannot meet the demand.
In addition, the Ministry of industry and information technology and other six departments jointly issued the notice on launching the "100 cities and 1000 screens" UHD video Landing promotion activities in October to help the development of UHD video industry; In November, the state film Administration issued the "14th five year plan" for the development of Chinese films, which listed cinema LED screens and other technologies and equipment as key research objects, allowing LED screen manufacturers to see new growth space.
Ouyang Zhongcan, academician of the Chinese Academy of Sciences, pointed out that under the new development pattern, China's display industry must strengthen the dominant position of enterprises in technological innovation, promote the integrated innovation of upstream, middle and downstream of the industrial chain, large, medium and small enterprises, and establish an independent, safe and controllable industrial chain as soon as possible.
China's display industry continues to grow at a high speed
The new display industry is an important part of the electronic information industry. Up to now, the total investment of China's new display industry has exceeded 1.3 trillion yuan, becoming the largest display panel production base in the world. In 2021, China's display industry will continue to maintain a high-speed growth trend.
Dr. Ma Beibei, Institute of integrated circuits, CCID think tank, said that China's display industry will continue to maintain a good development trend in 2021. It has made good achievements in industrial scale, enterprise revenue, technology promotion and industrial chain ecology.
First, the overall scale of the industry has increased further, and the panel capacity of Chinese mainland accounts for over 60% of the world's total. Secondly, BOE and TCL China Star and other major panel enterprises have achieved better returns in the first half of the year, which are in the demand of the market and the price rising period rapidly. The output value of the new display industry in Chinese mainland is expected to reach 510 billion yuan in 2021, up by more than 14% over the same period. Secondly, technological innovation in the whole industry has been steadily promoted. Mini LED backlight, folding screen and off-screen camera have quickly entered the market. Inkjet printing OLED, micro led and silicon-based OLED have continued to attract the attention of the industry. Finally, the ecological improvement of the industrial chain supply chain has accelerated, the domestic upstream enterprises have gradually expanded, overseas multinational corporations continue to invest in China, the material localization matching rate has reached more than 50%, some core equipment has achieved a zero breakthrough, and the industrial chain synergy has been significantly improved.
Hu Chunming, Executive Deputy Secretary General of liquid crystal branch of China Optical and Optoelectronic Industry Association, pointed out that at present, China's TFT-LCD technology has taken the lead in production capacity, output, output value and profitability. AMOLED technology has made further breakthroughs. It is expected that the global proportion of output value will exceed 20% and the global proportion of shipment area will exceed 30% this year. The future development trend of the industry is gradual innovation, which will accelerate the evolution of technology and expand emerging applications to diversification.
In 2021, with the further popularization of new technologies such as big data, cloud computing and the Internet of things, the display industry will be more diversified in application direction. In the smart phone market, the display screen has become one of the key directions of innovation and competition of relevant enterprises, giving birth to technologies such as waterfall screen, transparent screen, folding screen and surround screen. Mobile phone manufacturers actively layout screen innovation. For TVs and computers that occupy a high weight in the new display market, large size, ultra-high definition and low cost have become an important direction for further development. It is noteworthy that the rise of industries such as on-board display, intelligent display and virtual reality has further expanded the application scope of new display, spawned the cooperation between panel enterprises, complete machine enterprises and smart home enterprises, put forward more new requirements for display technology, and added a series of new opportunities to the new display industry with booming development momentum.
A variety of new display technologies are accelerating
At present, China's display enterprises have a wide layout in a variety of display technology fields, and their technical strength is increasing.
In the LCD field, China's mainland panel manufacturers began to dominate the global production capacity. According to relevant data, the LCD panel production capacity in mainland China will account for 67% of the global production capacity in 2021, and the panel shipment is expected to reach 144 million square meters. It is expected that the LCD production capacity in mainland China will account for 79% by 2025. The market positioning of LCD panels in China has shifted from ensuring domestic panel supply to serving the world. At the same time, the market share has gradually concentrated on the top enterprises in the industry, the industry concentration has increased significantly, and the supply and demand structure has been continuously improved. According to Qunzhi consulting data, in the first half of 2021, the top five panel manufacturers in the global LCD TV panel shipments were BOE, TCL Huaxing, qunchuang, Huike and LGD, of which four were from China. Industry insiders believe that the LCD industry will gradually enter the mature period of high-speed development driven by investment, and the large cyclical fluctuation dominated by the supply cycle will be transformed into a narrow fluctuation affected by the light and peak season of demand.
In the field of OLED, in the second quarter of 2021, AMOLED smartphone panel shipments in mainland China accounted for more than 20%. Innovative technologies such as folding screen and off screen camera continued to make breakthroughs, and products successively entered the supply system of international brand enterprises.
At present, the global OLED production capacity is mainly concentrated in South Korea, China, Japan and other places, while domestic manufacturers are mainly responsible for the manufacturing of small and medium-sized OLEDs. The core suppliers include BOE, shentianma, vicino, Hehui optoelectronics and so on. According to incomplete statistics, the total number of OLED production lines already put into operation by Chinese mainland panel makers is 12. The total production lines put into operation in 2021 totaled 4, and 2 production lines were put into operation in 2022. With the successive production of domestic OLED production lines, domestic manufacturers will also usher in a round of performance release, and the market share is expected to accelerate.
In the field of mini / micro led, with the original advantages in the field of display panel and traditional LED display, Chinese enterprises have grown rapidly in various links such as mini / micro LED chip manufacturing, chip packaging, backlight application and direct display application, and new technologies and applications such as glass based am Mini led and LED digital virtual studio continue to emerge. As a transitional technology for the development of micro led, mini led fills the "technical gap" between small spacing technology and micro led, and the market space is huge.
Zheng Youzhu, academician of the Chinese Academy of Sciences, pointed out at the 2021 world display industry conference held in June this year that mini / micro LED display is still a new technology in development and has ushered in a golden window period. Mini / micro LED industry has entered a new stage of development. According to the law of display technology development and upgrading, there will generally be a golden growth period of seven or eight years.
In the micro display field, BOE fast LCD display devices are widely used in the VR head display market, and the application of silicon-based OLED display devices of Shiya and other enterprises in the AR head display field is also continuously promoted. Next, as the epidemic situation is alleviated and the metacosmic ecosystem is gradually established, the demand for VR / AR display panels will gradually increase. According to IDC's data, the shipment volume of VR headset equipment will increase from about 5 million units in 2020 to more than 28 million units in 2025; The shipment growth of AR headset equipment will be more significant, which is expected to increase from about 300000 units in 2020 to 21 million units in 2025.
Ma Beibei said that in the future, driven by the development of 5g, AI, IOT, metauniverse and other fields, a variety of display technologies will expand wider application space, and Chinese enterprises will also usher in more development opportunities.
