china tft lcd panel industry overview pricelist

The global TFT-LCD display panel market attained a value of USD 164 billion in 2020. It is expected to grow further in the forecast period of 2022-2027 with a CAGR of 5.2% and is projected to reach a value of USD 223 billion by 2026.

The current global TFT-LCD display panel market is driven by the increasing demand for flat panel TVs, good quality smartphones, tablets, and vehicle monitoring systems along with the growing gaming industry. The global display market is dominated by the flat panel display with TFT-LCD display panel being the most popular flat panel type and is being driven by strong demand from emerging economies, especially those in Asia Pacific like India, China, Korea, and Taiwan, among others. The rising demand for consumer electronics like LCD TVs, PCs, laptops, SLR cameras, navigation equipment and others have been aiding the growth of the industry.

TFT-LCD display panel is a type of liquid crystal display where each pixel is attached to a thin film transistor. Since the early 2000s, all LCD computer screens are TFT as they have a better response time and improved colour quality. With favourable properties like being light weight, slim, high in resolution and low in power consumption, they are in high demand in almost all sectors where displays are needed. Even with their larger dimensions, TFT-LCD display panel are more feasible as they can be viewed from a wider angle, are not susceptible to reflection and are lighter weight than traditional CRT TVs.

The global TFT-LCD display panel market is being driven by the growing household demand for average and large-sized flat panel TVs as well as a growing demand for slim, high-resolution smart phones with large screens. The rising demand for portable and small-sized tablets in the educational and commercial sectors has also been aiding the TFT-LCD display panel market growth. Increasing demand for automotive displays, a growing gaming industry and the emerging popularity of 3D cinema, are all major drivers for the market. Despite the concerns about an over-supply in the market, the shipments of large TFT-LCD display panel again rose in 2020.

North America is the largest market for TFT-LCD display panel, with over one-third of the global share. It is followed closely by the Asia-Pacific region, where countries like India, China, Korea, and Taiwan are significant emerging market for TFT-LCD display panels. China and India are among the fastest growing markets in the region. The growth of the demand in these regions have been assisted by the growth in their economy, a rise in disposable incomes and an increasing demand for consumer electronics.

The report gives a detailed analysis of the following key players in the global TFT-LCD display panel Market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

According to TrendForce, LCD TV panel quotations bore the brunt of continuous downgrades in the purchase volume of TV brands and pricing for most panel sizes have fallen to record lows. Recently, it was announced that the 32-inch and 43-inch panels fell by approximately US$5~US$6 in early June, 55-inch panels fell approximately US$7, and 65-inch and 75-inch panels are also facing overcapacity pressure, down US$12 to US$14. In order to alleviate pressure caused by price decline and inventory, panel makers are successively planning to initiate more significant production control in 3Q22. According to TrendForce’s latest research, overall LCD TV panel production capacity in 3Q22 will be reduced by 12% compared with original planning.

As Chinese panel makers account for nearly 66% of TV panel shipments, BOE, CSOT, and HKC are industry leaders. When there is an imbalance in supply and demand, a focus on strategic direction is prioritized.  According to TrendForce, TV panel production capacity of the three aforementioned companies in 3Q22 is expected to decrease by 15.8% compared with their original planning, and 2% compared with 2Q22. Taiwanese manufacturers account for nearly 20% of TV panel shipments so, under pressure from falling prices, allocation of production capacity is subject to dynamic adjustment. On the other hand, Korean factories have gradually shifted their focus to high-end products such as OLED, QDOLED, and QLED, and are backed by their own brands. However, in the face of continuing price drops, they too must maintain operations amenable to flexible production capacity adjustments.

TrendForce indicates, in order to reflect real demand, Chinese panel makers have successively reduced production capacity. However, facing a situation in which terminal demand has not improved, it may be difficult to reverse the decline of panel pricing in June. However, as TV sizes below 55 inches (inclusive) have fallen below their cash cost in May (which is seen as the last line of defense for panel makers) and is even flirting with the cost of materials, coupled with production capacity reduction from panel makers, the price of TV panels has a chance to bottom out at the end of June and be flat in July. However, demand for large sizes above 65 inches (inclusive) originates primarily from Korean brands. Due to weak terminal demand, TV brands revising their shipment targets for this year downward, and purchase volume in 3Q22 being significantly cut down, it is difficult to see a bottom for large-size panel pricing. TrendForce expects that, optimistically, this price decline may begin to dissipate month by month starting in June but supply has yet to reach equilibrium, so the price of large sizes above 65 inches (inclusive) will continue to decline in 3Q22.

TrendForce states, as panel makers plan to reduce production significantly, the price of TV panels below 55 inches (inclusive) is expected to remain flat in 3Q22. However, panel manufacturers cutting production in the traditional peak season also means that a disappointing 2H22 peak season is a foregone conclusion and it will not be easy for panel prices to reverse. However, it cannot be ruled out, as operating pressure grows, the number and scale of manufacturers participating in production reduction will expand further and it timeframe extended, enacting more effective suppression on the supply side, so as to accumulate greater momentum for a rebound in TV panel quotations.

For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insider.trendforce.com/

According to the TV panel shipment report for 1Q19 by WitsView, a division of TrendForce, total shipments have reached 70.02 million units, a YoY growth of 4.2%. The first season was an offseason as always with demand clearly dropping. As Taiwan, Korean and Japanese panel manufacturers undergo annual maintenance and ease production pressures by adjusting product sizes, China"s panel manufacturers take the lead in keeping TV panel shipments up this season as they free up production capacities.

TrendForce research manager Iris Hu says that a recovery in demand will be aided by the stock-up period for new products and China"s 618 Sale entering 2Q. Besides CSOT"s Gen 11 production capacity, expanding month by month, new production capacities also include HKC"s Chuzhou Gen 8.6 production line, which is expected to begin mass production in May. The average size of shipped panels for 2Q is expected to grow by nearly an inch QoQ, reaching 46.5 inches, thanks to Gen 10.5 lines" focus on super large sized panels, and an increasing proportion of panels 50 inches and above from China"s, Taiwan"s and Korea"s manufacturers. This will be accompanied by a growth in total shipments by 5.5%.

In the TV panel shipment rankings for the first quarter, BOE"s production capacity skyrocketed since its first Gen 10.5 line began mass production in early 2018, allowing BOE to come out on top in terms of 65-inch and 75-inch sizes, pushing down Korean Manufacturers. Apart from super-large sizes, the increase in demand for 32-inch panels 1Q allowed BOE to grow offseason shipments against the trend by 5% QoQ to 14.27 million units, a 14.9% YoY growth, safeguarding its position as leading TV panels supplier.

LGD"s TV panel shipments declined by 11.6% in the first quarter, with production influenced not only by the decrease in demand offseason, but also by the adjustments made to its product portfolio of current Gen 7.5 and Gen 8.5 lines. Shipments for products 55 inches and above are expected to grow by over 10% QoQ, starting with the second quarter.

After Innolux"s clearing out of its mainstream, 39.5- and 50-inch inventories last year, its TV panel shipments reached 10.74 million units 1Q this year, a QoQ decline of 13.7% but a 16.5% growth YoY, showing a clear improvement in shipments. The migration of 49-inch demand to 50-inch products this year pushed Innolux to become the top supplier of 50-inch panels for global brands. Thus despite entering the 1Q offseason, 50-inch shipments only dropped slightly by 0.7%, but exhibited a large growth of 38.1% YoY.

Due to SDC"s decision to shut down 1.5 of its Gen 8.5 production lines this year, it has been raising the proportion of production for super-large sizes to get the most out of the remaining production lines. This lead to modifications to and investments in their production lines early this year, affecting SDC"s TV panel shipments, which dropped by 12.4% QoQ to 8.76 million units in the first quarter. SDC was also the only one out of all TV panel suppliers to decline by 12.7% YoY in shipments, fully demonstrating SDC"s resolve to pack up and move to highly-profitable, large-sized products.

After CHOT"s Gen 8.6 line and Chengdu CEC-Panda"s 8.6+ line entered the market in 2018, the CEC group focused its efforts on mid- and large-sized products. Since the group"s ODMs and China brands have completed verification processes and freed up production capacities , their shipments combined for 1Q this year stood at 5.2 million units, a QoQ growth of 14.3%.

Latest research from Omdia has found that Chinese display maker BOE has led the market in shipments of large area TFT LCD displays in December 2021, both in units and total area shipped. This accounts for nearly one-third of whole unit shipments, as the industry set new records for shipments for the month and year.

Pandemic restrictions impacted demand for and spending across home entertainment products with display shipments of TV and IT devices experiencing a growth surge. The total of large area TFT display shipments rose to a record 89.4 million square meters in December, reflecting a 4 percent month-on-month increase over November, as well as 5 percent Year on Year growth (YoY), Omdia reported in its latest Large Area Display Market Tracker.

For the full year, large area TFT LCD shipments increased with 9 percent YoY by units and 4 percent YoY by area, reaching 962.7 million units and 228.8 million square meters shipped in 2021, both historical highs and marking the first time the industry has ever shipped more than 900 million units in a year.

Among display makers, China"s BOE took the largest shares for both units and total area shipped in 2021. BOE took 31.5 percent for units shipped and 26.2 percent for area shipped, marking the first time one maker has captured over 31 percent market share for whole unit shipments and 26 percent share for whole area shipments in large area TFT LCD history.

Beyond BOE, Innolux took 15.4 percent market share for large area TFT LCD unit shipments, followed by LG Display with 13.4 percent in 2021. For total area shipped, China Star took 15.8 percent as second largest maker after BOE, followed by LG Display in third with 11.9 percent in 2021.

Strong demand particularly for mobile PC LCD during the pandemic increased notebook PC LCD unit shipments in 2021, rising 26 percent YoY. Tablet PC LCD unit shipments also rose 7 percent YoY last year. On the other hand, the LCD TV display segment saw unit shipments fall 4 percent YoY due to a slowdown in demand in 3Q21. But ongoing LCD TV size migration in favor of larger screens meant that total LCD TV display area shipped increased 2 percent YoY in 2021 despite the drop in unit shipments.

Large area TFT LCD revenue increased 34 percent YoY in 2021 and reached US$85.2 billion, also setting a record and the first time large area TFT LCD revenue has ever exceeded $80 billion. Strong demand and size migration to larger screens during COVID-19 pandemic combined with display price hikes up until 3Q21 to drive the high revenue number.

YoonSung Chung, senior research manager for large area displays and supply chain at Omdia, commented: "Display makers waited for results from Black Friday sales to set their early 2022 sales and pricing strategies. However, results seem to fall short of expectations for LCD TVs. LCD TV display buyers will price LCD TV displays more aggressively in the coming months.

"While demand for IT displays is weakening, panel makers" supply plans are ambitious. Unless panel makers adjust their fab utilisation, price erosions could imminently worsen for large area display applications, including monitor and notebook PC LCDs. Omdia expects the LCD TV panel prices to reach the price bottom in 1H 2022 and then gradually rebound based on the market demand recovery."

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Asia has long dominated the display module TFT LCD manufacturers’ scene. After all, most major display module manufacturers can be found in countries like China, South Korea, Japan, and India.

In this post, we’ll list down 7 best display module TFT LCD manufacturers in the USA. We’ll see why these companies deserve recognition as top players in the American display module industry.

STONE Technologies is a leading display module TFT LCD manufacturer in the world. The company is based in Beijing, China, and has been in operations since 2010. STONE quickly grew to become one of the most trusted display module manufacturers in 14 years.

Now, let’s move on to the list of the best display module manufacturers in the USA. These companies are your best picks if you need to find a display module TFT LCD manufacturer based in the United States:

Planar Systems is a digital display company headquartered in Hillsboro, Oregon. It specializes in providing digital display solutions such as LCD video walls and large format LCD displays.

Microtips Technology is a global electronics manufacturer based in Orlando, Florida. The company was established in 1990 and has grown into a strong fixture in the LCD industry.

Taiwan and Mainland China are two Asian countries where Microtips set up their manufacturing plants. The factories boast of modern equipment, high-quality raw materials, and stringent quality control measures. Microtips even earned ISO9001 and ISO14001 certifications for excellent quality management.

What makes Microtips a great display module TFT LCD manufacturer in the USA lies in its close ties with all its customers. It does so by establishing a good rapport with its clients starting from the initial product discussions. Microtips manages to keep this exceptional rapport throughout the entire client relationship by:

Displaytech is an American display module TFT LCD manufacturer headquartered in Carlsbad, California. It was founded in 1989 and is part of several companies under the Seacomp group. The company specializes in manufacturing small to medium-sized LCD modules for various devices across all possible industries.

The company also manufactures embedded TFT devices, interface boards, and LCD development boards. Also, Displaytech offers design services for embedded products, display-based PCB assemblies, and turnkey products.

Displaytech makes it easy for clients to create their own customized LCD modules. There is a feature called Design Your Custom LCD Panel found on their site. Clients simply need to input their specifications such as their desired dimensions, LCD configuration, attributes, connector type, operating and storage temperature, and other pertinent information. Clients can then submit this form to Displaytech to get feedback, suggestions, and quotes.

A vast product range, good customization options, and responsive customer service – all these factors make Displaytech among the leading LCD manufacturers in the USA.

Products that Phoenix Display offers include standard, semi-custom, and fully-customized LCD modules. Specifically, these products comprise Phoenix Display’s offerings:

Clients flock to Phoenix Display because of their decades-long experience in the display manufacturing field. The company also combines its technical expertise with its competitive manufacturing capabilities to produce the best possible LCD products for its clients.

True Vision Displays is an American display module TFT LCD manufacturing company located at Cerritos, California. It specializes in LCD display solutions for special applications in modern industries. Most of their clients come from highly-demanding fields such as aerospace, defense, medical, and financial industries.

The company produces several types of TFT LCD products. Most of them are industrial-grade and comes in various resolution types such as VGA, QVGA, XGA, and SXGA. Clients may also select product enclosures for these modules.

All products feature high-bright LCD systems that come from the company’s proprietary low-power LED backlight technology. The modules and screens also come in ruggedized forms perfect for highly-demanding outdoor industrial use.

LXD Incorporated is among the earliest LCD manufacturers in the world. The company was founded in 1968 by James Fergason under the name International Liquid Xtal Company (ILIXCO). Its first headquarters was in Kent, Ohio. At present, LXD is based in Raleigh, North Carolina.

LXD has research centers and factories in both the United States and China. The US-based headquarters feature a massive 30,000 square feet of manufacturing and research development centers. Meanwhile, LXD’s Chinese facilities feature a large 5,000 square meters of cleanrooms for manufacturing modular and glass products.

We’ve listed the top 7 display module TFT LCD manufacturers in the USA. All these companies may not be as well-known as other Asian manufacturers are, but they are equally competent and can deliver high-quality display products according to the client’s specifications. Contact any of them if you need a US-based manufacturer to service your display solutions needs.

We also briefly touched on STONE Technologies, another excellent LCD module manufacturer based in China. Consider partnering with STONE if you want top-of-the-line smart LCD products and you’re not necessarily looking for a US-based manufacturer. STONE will surely provide the right display solution for your needs anywhere you are on the globe.

(July 19, 2018) – Large thin-film transistor liquid crystal display (TFT LCD) panel makers are expected to reduce production of comparatively smaller sized 32-, 40- and 43-inch panels, helping to stabilize panel prices in the third quarter of 2018. In the longer term, however, the oversupply issue still remains, eventually causing older TFT LCD fabs to be restructured, according to

by IHS Markit, currently planned new factories will increase large display panel production capacity by 31 percent or 77.7M square meters from 2018 to 2021. However, based on the current demand forecast, there will be about 49 million square meters of capacity in the pipeline more than the market requires in 2021. The supply/demand glut level is expected to continue to increase from 12 percent in 2018 to 23 percent in 2021, remaining well above 10 percent or what is modeled to be a balanced market.

Between 2019 and 2021, there will be a great amount of LCD TV panel capacity built, mainly from generation Gen10.5/11 factories in China, according to IHS Markit.

, senior director of displays at IHS Markit. “Furthermore, in the next few years, legacy factory restructuring will likely accelerate. For the TFT LCD industry to return to a balanced supply/demand level, multiple Gen 5, Gen 6 and even Gen 8 factories will likely need to be shut down.”

Possible restructuring of legacy factories may include fab shutdown, facility consolidation, or conversion to other technologies, such as active-matrix organic light-emitting diode (AMOLED) panels, ePaper backplanes and sensors.

by IHS Markit, fab restructuring can be attributed to multiple reasons, such as no longer competitive, old equipment, shifts in panel makers’ business focus, excessive overhead from under-utilized facilities and pressure on profitability.

“Oversupply is not the end of the crystal cycle. The industry has a long history of dynamically adjusting itself to balance supply and demand,” Hsieh said. “The process may create many challenges for supply chain companies. However, the delayed expansion of new factories, the restructuring of legacy fabs and the potential for faster demand growth spurred by lower panel prices will help the LCD industry to eventually return to equilibrium.”