Omdia issued a document saying that panel maker BOE is leading in shipments of large-size TFT LCD panels, and pent-up demand has driven large-size panel shipments to a new record. According to the latest research from Omdia, Chinese mainland panel maker BOE is ahead of other competitors in the market in terms of shipments and area of large-size TFT LCD panels in December 2021. Its shipments accounted for nearly one-third of all market shipments, while large-size panel shipments also set new records in December and throughout 2021.
Omdia said that BOE's large-size TFT LCD revenue in 2021 will increase by 34% year-on-year to $85.2 billion, which is also a record. This is the first time that large-size TFT LCD revenue has exceeded $80 billion.
It is reported that in terms of large-size OLED panels, Samsung Display leads the growth in shipments of OLED notebook PC panels, especially 13.3- and 15.6-inch FHD OLED products. The company only started producing FHD OLED panels in the second quarter. LG Display is leading the growth in shipments of OLED TV panels. In the second quarter of 2021, Korean panel makers accounted for 91% of total shipments of large-size OLED panels, followed by Chinese panel makers with 9%. LG Display continues to account for 100% of OLED TV panel shipments.
It is worth mentioning that the mainland panel factories are expanding new production capacity. Due to the shortage of upstream components, they cannot meet the demand for new panel production capacity simultaneously. In addition, the mainland TV panel market share exceeds 50%, so it will not blindly expand the new production capacity. Therefore, it is not easy to occur the serious oversupply phenomenon in the past. The LCD TV panel is an area-based industry, and the price of the panel will directly affect the purchase of consumers because the price of LCD TV panels accounts for 60-70% of the price of TV sets. At the same time, capacity growth is based on area. As consumers are buying larger size TVs, the consumption of display areas is greater.
However, demand for notebook computers and monitor panels remained strong, as did the demand for TV panels, due to rising demand from the business side. Retailers and brands, especially in North America and Europe, continued to suffer from low inventory in the second quarter of 2021. In addition, logistics and deliveries from Asia are experiencing bottlenecks, further exacerbating retailers' inventory problems.
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