BOE, a leading display manufacturer in China, has announced that it plans to ship over 120 million flexible AMOLED panels in 2023. This represents a significant increase from the 80 million panels that BOE shipped in 2022.
The company's target is driven by the growing demand for flexible AMOLED panels in a variety of applications, including smartphones, tablets, laptops, and wearables. Flexible AMOLED panels are thinner and lighter than traditional LCD panels, and they can be curved or folded, making them ideal for these types of devices.
In order to meet its target, BOE is investing heavily in research and development. The company is also expanding its production capacity. BOE currently has two flexible AMOLED production lines, and it plans to add two more lines in 2023.
BOE's announcement is a positive sign for the flexible AMOLED market. The company is the largest flexible AMOLED manufacturer in the world, and its target suggests that the market is continuing to grow. This is good news for consumers, as it means that they will have more choices of flexible AMOLED devices in the future.
In addition to its target for flexible AMOLED shipments, BOE also announced that it plans to invest over 500 billion yuan (US$74 billion) in research and development over the next three years. This investment will be used to develop new display technologies, including foldable OLED displays, transparent OLED displays, and microLED displays.
BOE's investment in research and development is a sign of the company's commitment to innovation. The company is constantly looking for new ways to improve its display technology. This investment will help BOE to stay ahead of the competition and continue to grow its market share.
The global flexible AMOLED market is expected to grow from 11.1 billion yuan in 2022 to 23.5 billion yuan in 2025. This growth is being driven by the increasing demand for flexible AMOLED panels in smartphones, tablets, laptops, and wearables. BOE is well-positioned to capitalize on this growth, as it is the leading flexible AMOLED manufacturer in the world.
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