Faster than LCD! China narrows OLED capacity gap with Korea
2023-07-28

China is closely following South Korea in the global organic light-emitting diode (OLED) display market. While South Korea is still far ahead of China in terms of market share, the gap between China and South Korea in terms of capacity is only 10%.

Global market research firm Trendforce said in a report on July 25 that China's OLED display production capacity is 43.7%, while South Korea's is 54.9%.

Just five years ago, China's OLED display production capacity was less than 10%. Today, that figure is more than 40%, just 105 behind South Korea.

According to market research firm Omdia, in the small and medium-sized OLED display market, Samsung Display once held more than 80% of the market share, the first quarter of this year fell to 54.7%.

At the same time, China BOE, which had been in a fierce competition with LG Display for second place, jumped to second place with a 19.2% share in the first quarter, beating LG Display's 17.4% share.

China is increasingly dominant in the global liquid crystal display (LCD) market. In 2022, China's LCD market share will be 55.5%, Taiwan's 27.6%, South Korea's 13.5%, and Japan's 2.9%.

Display industry players are concerned that China is gaining market share in OLED displays at a faster rate than it has in the past in the LCD market.

According to the Korea Display Industry Association, it took China 10 years to reach 20% of the global market share in small and medium-sized LCD displays, and eight years to reach 20% of the global market share in small and medium-sized OLED displays. In order to prevent China from catching up in the OLED display market, South Korean companies are doing all they can to invest heavily in OLED displays.

In April, Samsung Display announced that IT will invest a total of 4.1 trillion won by 2026 to build the world's first 8.6-generation IT OLED display production facility in Asan, South Chungcheong Province. The aim is to significantly widen the gap with Chinese rivals in OLED display technology.

Gestant Display Technology Co.,Ltd. could provide a series of LCD and OLED products, such as AMOLED ScreenPMOLED ScreenRound Display ScreenFlexible Display ScreenTFT LCDMono-LCD and Bar Display Screen. Customize PCBA/LCD/OLED/FPC/Backlight/Coverlens/TP solutions.

Gestant Display Technology Co.,LTD was founded in 2012 in Shenzhen China. Even, the founder of the company, has more than 15 years of rich experience in LCD display industry. He has been engaging in the basic research of LCD display technology in Japan since his graduate school and has been working in the flat panel display industry after graduation.

Proficient in the manufacturing process and technology development of LCD / OLED / polarizer, Even was also one of the members of China liquid crystal Association who has a senior industry background and supply chain resources. In the past three years, he assisted his shareholders in building factories, purchasing equipment,establishing production lines, and successfully obtaining ISO9001 and ISO14001 system certificates.

He has established good business relations with major panel manufacturers in China (BOE /Tianma / IVO /EDO / Visionox), and the glass supply is stable and sufficient.

Gestant Display's products are widely used in Smart wear,Smart home,Outdoor photography,IP phones, Medical care, Industrial control equipment, Automotive and Vehicle displays, Instrumentation, and other Information terminal applications which could offer long-term after-sale services(such as 2 years quality warranty, long-term supply) .