According to CINNO Research data, Chinese mainland TFT-LCD capacity accounted for 55% in 2020, the first time to exceed half capacity, while AMOLED production capacity is expected to reach 52% of the world's total in 2024. After decades of development, China has become the manufacturing center of the global new display industry.
In 2021, Chinese mainland's new display industry equipment market reached 110 billion yuan.
The new display industry has developed rapidly in recent years and has a large investment scale. According to statistics from CINNO Research, Chinese mainland's new display industry equipment market reached 110 billion yuan in 2021. Among them, AMOLED equipment market scale is about 60 billion yuan, accounting for about 55%; The market scale of mini LED / micro LED is about 27.1 billion yuan, accounting for 24%; TFT-LCD market scale is about 22.8 billion yuan, accounting for 21%.
Cinno research predicts that with the new construction and expansion of TFT-LCD in 2022, it will drive the small growth of the market scale of this part of equipment; At the same time, after 2024, there will be a new wave of plant construction cycle in the high-generation AMOLED industry. It is expected that the equipment market scale of AMOLED industry will reach a new peak of about 86.6 billion yuan in 2024; With high contrast, high brightness, high dynamic range and long service life, mini led/micro LED has become a new driving force in the new display industry. It is estimated that the equipment market scale of mini led/micro LED industry will reach 27billion yuan by 2025.
In 2021, the market of new display industry testing equipment in Chinese mainland amounted to 5 billion 900 million yuan.
In the process of rapid development of the new display industry, the Chinese mainland's testing equipment industry has made brilliant progress, and has obtained the high speed development opportunity.
In the field of new display industry testing equipment, it mainly includes array process optical testing equipment, array process Electrical and other testing equipment, cell / module automatic process optical testing equipment, cell / module non automatic process optical testing equipment, cell / module aging, touch and other testing equipment (collectively referred to as cell / module testing equipment). CINNO Research statistics show that the Chinese mainland's market for testing equipment in 2021 is about 5 billion 900 million yuan, of which Cell/Module optical inspection equipment is about 2 billion 100 million yuan, accounting for 36%.
CINNO Research predicts that with the coming of more than a dozen factories in TFT-LCD and AMOLED in 2022, the new construction and expansion will drive the market of new display industry in Chinese mainland to reach 9 billion 200 million yuan in 2024, and the market scale of Cell/Module optical inspection equipment will reach 2 billion 600 million yuan in 2024.
Foreign manufacturers dominate the Array testing equipment market of AMOLED industry in Chinese mainland in 2021.
According to CINNO Research statistics, the top three manufacturers of Array manufacturing inspection equipment in Chinese mainland AMOLED in 2021 were HB Tech, Yang Electronic and DIT, with a localization rate of about 8%, mainly represented by local equipment manufacturers such as Wuhan Jingce Electronic Group Co.Ltd(300567) .
In 2021, Chinese mainland manufacturers dominated the Cell/Module testing equipment market in the AMOLED industry.
According to CINNO Research statistics, during the Cell/Module process, through the continuous development efforts of Chinese mainland testing equipment manufacturers such as Suzhou Hyc Technology Co.Ltd(688001) , Wuhan Jingce Electronic Group Co.Ltd(300567) , Jing Zhi Da, Ling Yunguang, most products have been localized.
CINNO Research Chinese mainland Chinese mainland panel equipment procurement demand scale and the mainland China test equipment business scale, in 2021, the Chinese mainland AMOLED industry Cell/Module process inspection equipment manufacturers sales top three were Suzhou Hyc Technology Co.Ltd(688001) , Wuhan Jingce Electronic Group Co.Ltd(300567) and Jing Zhi da.
In 2021, Suzhou Hyc Technology Co.Ltd(688001) became No.1 of Cell/Module manufacturing inspection equipment manufacturer in Chinese mainland AMOLED market with 32% market scale. The main reason is that Suzhou Hyc Technology Co.Ltd(688001) has a brilliant performance in De-Mura equipment, and has a great advantage in the field of API equipment. Its performance in Chinese mainland has surpassed ANI in Korea and has become the equipment manufacturer with the highest market share in the Chinese mainland market.
Wuhan Jingce Electronic Group Co.Ltd(300567) , which ranked second in 2021, its core product is signal generator. It is the local equipment manufacturer with the largest performance. The performance of de mura equipment is second only to Suzhou Hyc Technology Co.Ltd(688001) . It has a layout in avi, API, OTP equipment and aging equipment, but its performance is relatively small.
Jingzhida, which ranked third in 2021, is one of the local equipment manufacturers with rapid development in AMOLED industry in recent years. The layout of cell / module process detection equipment is complete, and avi, API, aging equipment, OTP equipment and signal generator have good performance. At present, its avi equipment has only a second market share than young woo, which is the local equipment manufacturer with the most performance;
Ling Yunguang, who ranked fourth in 2021, has strong technical strength in machine vision technology. In recent years, it has continued to layout the AMOLED module market and has made more achievements in the API field.
Young woo, the fifth largest Korean equipment supplier in 2021, focuses on AVI and aging equipment. Another Korean equipment manufacturer ani focuses on API. Under the impact of local equipment manufacturers, the market share of Korean equipment suppliers in Chinese mainland is gradually decreasing.
