Views: 203 Author: Andy Publish Time: 2023-05-18 Origin: Site
LCD TV is the first major application field for TFT-LCD panels, accounting for more than 60% of the panel demand in the whole LCD panel market. The shipment volume of LCD TVs determines the trend of LCD panel demand. From 2009 to 2022, the average display size of LCD TVs increased by about 1 inch per year, and the average shipment size of LCD TVs reached 45.4 inches in 2022. The increase in display size comes not only from the display material. The continuous innovation of material technology also brings about cost reductions brought about by the continuous improvement of the production efficiency of flat-panel liquid crystal displays. The average size of an LCD TV over the years has changed as follows:
The growing screen size of LCD TVs has led to the growth of TFT-LCD display panels. The number of TFT-LCD display panels shipped was 166 million square meters in 2014 and increased to 235 million square meters in 2022, with a compound annual growth rate of about 4.46%.
In the future, 5G is expected to be one of the main drivers of demand for TFT-LCD panels. In March 2019, the Ministry of Industry and Information Technology and other authorities released the Action Plan for the Development of UHD Video Industry (2019–2022), which proposed to "explore the application of 5G in UHD video transmission and realize the coordinated development of uHD video business and 5G." With the gradual maturity and application of 5G technology, the trend of large TFT-LCD panels can better meet the requirements of high-definition applications, thus driving the growing demand for TFT-LCD panels. From 2022 to 2029, the shipment area of TFT-LCD panels is expected to increase by 23.05% from 235 million square meters to 289 million square meters.
LCD material determines the display effect of the screen, and is one of the core upstream materials of LCD panels. The growth of the shipment area of TFT-LCD panel will drive the growth of the upstream TFT mixed LCD materials market demand. The company's single liquid crystal products are in the upstream of TFT mixed liquid crystal, and several kinds of single liquid crystal produce mixed liquid crystal after the physical mixing process. Therefore, the market change trend of single liquid crystal is basically consistent with the trend of mixed crystal. According to the use of about 3.5 grams of liquid crystal material per square meter of panel calculation, 20 The global TFT hybrid LCD market size in 22 years is about 823 tons.
In the long run, LCD panels have shown an obvious trend of shifting from global industrial centers to mainland China. According to IDC statistics, from January to July 2022, BOE, Huaxing Optoelectronics, Huike and other Chinese mainland panel factories have a total market share in the global field of large-size LCD panels has exceeded 60%. It is expected that with the transfer of LCD industrial center, the market share of Chinese mainland enterprises in the global display panel industry will increase rapidly, which is expected to provide a larger market space for the upstream domestic display material enterprises between.
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