According to cinno research’s monthly survey data on the production of panel plants, the annual average production rate of AMOLED panel plants (≤ G6) in China in 2021 was 53.7%, an increase of 10 percentage points compared with 2020. Among them, TCL Huaxing optoelectronics Co., Ltd. has the highest level of growth rate, which has increased by 41 percentage points from 32.7% of the annual growth rate in 2020 to 74% of the overall annual growth rate in 2021.
BOE BOE is still the largest AMOLED panel factory in China (≤ G6), with a market share of 37.4% in 2021, a decrease of 7.6 percentage points compared with 2020; The second largest is Visionox Technology Inc(002387) visionox, with an area of 18.3% in 2021, a slight increase of about 1 percentage point compared with 2020; The third largest is Everdisplay Optronics (Shanghai) Co.Ltd(688538) edo, accounting for 15.6% of the area put into operation in 2021, a decrease of about 1.8 percentage points compared with 2020.
Cinno research’s global panel plant capacity statistics show that in 2021, the overall installed capacity area of China’s AMOLED panel plant (≤ G6) increased by only 26.9%, while the production area increased significantly by 57.0%.
In the next 1-2 years, China’s panel factories will still take improving the factory production rate as the main business strategy, and the construction and investment of new factories will slow down compared with the past. At the same time, with the continuous improvement of process and yield, the application direction of AMOLED products will also expand from smart phones to tablet computers, laptops and vehicles, and the high-generation OLED production line will also become the focus of investment in the next stage of China’s panel factory.
