BOE Technology Group Co Ltd, a Chinese display panel supplier, is doubling down on new-generation display technologies.
Such displays, BOE Technology said, have huge application potential in smartphones, televisions, tablets, wearable gadgets, monitors and vehicle-mounted displays.
BOE will continue its investment in research and development of high-end liquid crystal displays, flexible organic light-emitting diodes and mini light-emitting diodes, said Liu Xiaodong, its president.
Sigmaintell Consulting, a Beijing-based market research provider, said BOE shipped 16 million OLED panels in the third quarter of this year, topping the domestic players.
Li Yaqin, general manager of Sigmaintell, said demand for flexible OLED panels used in foldable smartphones will continue to rise on the back of commercial applications of 5G technology, and panel makers should further improve their yield rate capacities and reduce production costs.
"The penetration rate of OLED in the mobile market will reach 50 percent by 2024. By then, the overall shipment of global mobile panels will reach 1.6 billion units and half of them will be from OLED," Li said, adding about 60 to 70 percent of sales revenue will be contributed by OLED.
Global revenue of the mini/micro LED market is projected to reach $4.2 billion by 2024, said a report from TrendForce, another market research provider. Since 2019, total investments in mini/micro LED-related projects in China have reached 39.1 billion yuan.
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Post time: Dec-22-2021
