boe the largest lcd panel maker quotation

Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to build two factories in Vietnam, two people familiar with the matter said. BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small plant in the south that supplies mostly television screens to South Korea"s Samsung and LG Electronics Inc, the people said, declining to be identified as negotiations were confidential. Northern Vietnam has in recent years attracted significant investment from electronics giants, becoming a major hub for the production of smartphones, computers and cameras, including flagship goods from Apple and Samsung.

BOE Technology will lead China Star Optoelectronics Technology (CSOT) by more than 10pp in capacity share for large-size LCD panels after outbid the rival to take over the control of two fabs - one 8.5G and another 8.6G - from CEC-Panda LCD Technology, according to Digitimes Research.

The capacity gap comes even though CSOT has also managed to sign a deal to take over the control of Samsung Display"s 8.5G line in Suzhou, China. The combined production capacity of CEC-Panda"s two fabs is higher than that of Samsung"s fab.

CEC-Panda"s two fabs have a total capacity of 12.71 million square meters of LCD panels a year compared to 8.58 million square meters of Samsung Display"s Suzhou plant.

CEC-Panda was forced to sell the two plants due to heavy losses incurred by the two fabs, while Samsung Display sold its in line with its withdrawal from the LCD segment.

With newly added capacities, the two Chinese panel makers are expected to take up the top-two spots for the supply of large-size LCD panels in 2021, after becoming the only two out of the world"s top-six panel suppliers that experienced revenue growth in the first half of 2020, according to Digitimes Research.

CSOT will have two 11G LCD fabs in 2021 giving it sufficient capacity for LCD TV panels, while Samsung Display"s Suzhou 8.5G line will enable it to roll out monitor panels for Samsung Electronics and other clients.

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BOE was the leading LCD TV panel vendor during the first half of 2020, having shipped approximately 23.26 million units worldwide. In that period, global shipments of LCD TV panels totaled over 115 million units.

BOE Technology, founded in 1993, has become China’s largest TV panel maker and it continues to make a name for itself in the global consumer electronics market. It was the first company to introduce a gen 10.5 LCD plant in late 2017. Since then, BOE’s LCD panel production capacity has grown annually, surpassing former leading manufacturer LG Display. In recent years, BOE accounted for over 20 percent of large-area TFT LCD display unit shipments worldwide.

Chinese panel makers accelerate worldwide LCD TV panel shipmentsChina became the leading LCD panel producer worldwide in 2017, overtaking powerhouses South Korea and Taiwan. Chinese shipments of LCD TV panels 60-inch and larger have also increased significantly in recent years, with roughly 2.24 million units sold in the first quarter of 2019 worldwide, in comparison to just 117,000 units a year before. This figure is forecast to increase in the future, paving the way for Chinese panel makers’ worldwide success. At the same time, the concurrent specialization on large LCD panels by Chinese and South Korean suppliers will likely push down panel prices.Read moreGlobal LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor(in millions)tablecolumn chartCharacteristicBOELGDInnoluxCSOTSDCAUOCEC GroupOthers1H 202023.2611.7920.3421.312.1310.14-16.17

TrendForce. (July 28, 2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) [Graph]. In Statista. Retrieved January 31, 2023, from https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions)." Chart. July 28, 2020. Statista. Accessed January 31, 2023. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. (2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions). Statista. Statista Inc.. Accessed: January 31, 2023. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global Lcd Tv Panel Unit Shipments from H1 2016 to H1 2020, by Vendor (in Millions)." Statista, Statista Inc., 28 Jul 2020, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce, Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) Statista, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/ (last visited January 31, 2023)

Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) [Graph], TrendForce, July 28, 2020. [Online]. Available: https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

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Anonymous, 13 Feb 2019I don"t think you understand the concept of intellectual property theft, which the Chinese are... morePlease quote some examples.

All the companies were looking... moreNot price alone. It"s the technological capability - facilities, knowhow, technical manpower, and a vast market.

Anonymous, 13 Feb 2019I don"t think you understand the concept of intellectual property theft, which the Chinese are... moreBusiness follows the law of the jungle. Companies that know what they"re doing will prosper, while the ones that are inadequate will fail. If it"s that easy to make it to the top via "ip theft" then how come other businesses haven"t done it?. Making excuses for losing is not a good look. Sometimes it"s better to admit that certain companies are better at business than others. LG was a front runner in the LCD sector and had a big lead over their competitors. If a business can"t win even though they"re ahead, it"s usually their own fault (incompetent management or bad business decisions). Congrats to BOE, hope they invest more in AMOLED displays as well and make it more cost-effective for consumers.

anonymous, 13 Feb 2019nah, shame on them for losing against the chinese company. They just suck.It is not a shame. It is reality nowadays and not only for LG.

All the companies were looking for cheap labour in China and invested so much money in factories. Now Chinese are taking advantage and slowly killing big brands with the price.

Anonymous, 13 Feb 2019LCD has had its day it"s going the way of crt it"s cheap as it gets there"s no more improvemen... moreOh, there is always improvement in lcd, and the micro led that you mentioned is still lcd.

Anonymous, 13 Feb 2019Communist controls the market, let"s see what happens.nah, shame on them for losing against the chinese company. They just suck.

Let"s assume that BOE"s LCD is the same quality... moreTo make something for market you need to invest money to do lot of research, lot of test etc. It"s all cost a lot of money.

Let"s assume that BOE"s LCD is the same quality... moreI don"t think you understand the concept of intellectual property theft, which the Chinese are notorious for.

The Chinese put "investments" into stealing, not into innovation. And as many people have already stated, they also have slave labor wages to get by with minimal costs.

Optional, 13 Feb 2019But someone should invest money to develope technology and invent new stuff. And Chinese will ... moreWhy do customers buy BOE"s LCD over LG"s LCD?

If BOE had only made a smaller investment but at the same time able to produce the same quality panels then it"s LG"s fault for not able to achieve the quality with smaller budget.

Take your manufacturing to China or some other 3rd world cou... moreBut someone should invest money to develope technology and invent new stuff. And Chinese will not do that if they can wait and then basicaly copy (with little changes to avoid problems).

Ask yourself a question - why everything is made in China and why ... moreThere are many reasons (none are LG"s fault as LG"s panels perform very impressively, not like their phones), but the two most obvious reasons are labour cost and (the presence of) invention cost.

Due to the differences in China"s and other countries" salaries and daily costs (both matches their own countries but not between different countries), it is impossible for LG and other foreign companies to give as low salaries to their labour as Chinese companies, at least at this stage. For the invention cost, actually many technologies and techniques obtained from China are from stealing others" intellectual property. Even, in other cases, if not stolen, they just properly LEARN from foreign firms, BUY their technologies and techniques, and HIRE talents from other countries (OR "eat" foreign companies LOL), but NOT really invent things themselves. That means only LG and other foreign companies have to spend a lot to invent, pushing their product price.

Ask yourself a question - why everything is made in China and why ... moreBecause they steal, pilfer and copy off others. If you don"t know how the Chinese managed to acquire all this tech in such a short space of time I suggest you read up on their cheating practices of the Chinese tech firms in collusion with the Central Communist Party.

Not very surprising when you consider all they do (like every other Chinese company) is to steal and copy technology from foreign firms. Which means boe doesn"t have to spend a dime on r&d and can instead leverage their low cost base to win lucrative supply contracts to oems all over the world.

Ask yourself a question - why everything is made in China and why Chinese companies are taking over almost every field they are interested in and which can bring good income! For LG and other big brands outside China who are investing a lot of money in research and development, it"s just impossible to compete with Chinese manufacturers.

BOE Technology Group Co., Ltd., or Jingdongfang (Chinese: 京东方科技集团股份有限公司), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration.LCD, OLEDs and flexible displays.

In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix"s STN-LCD and OLED businesses for US$22.5 million.flat-panel display businesses for US$380 million.

In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics" Taipei Display Research Center and AIO Manufacturing Plant.

In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.

In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE.LG Display still lead in terms of area shipment.

In 2018, BOE acquired SES-imagotag for €200 million.Kopin Corporation and Olightek for OLED micro-displays manufacturing.Huawei Mate 20 Pro is the first flagship tier smartphone with an AMOLED sourced from BOE (also sourced from LG Display).

In 2019, BOE formed a joint venture with Rohinni for MicroLED and mini LED backlighting manufacturing.Hisense announced its U9E TVs featuring dual LCD panels which Hisense said exceeds OLED TVs in brightness, color gamut and color accuracy. Its panels are produced by BOE.Huawei Mate X scheduled for release in Q4 2019 reportly has a foldable OLED from BOE.Samsung Displays.flat-panel display producer.Huawei to research cameras under OLEDs.LG Display and Tianma as OLED supplier for LG Electronics smartphones in 2020.Apple beginning in 2021 for the iPhone.

On February 1, 2022, the company announced they had developed the world’s fastest gaming monitor with a 500Hz refresh rate. The prototype 27-inch monitor has a resolution of 1080p.

In 2021, WIPO’s annual World Intellectual Property Indicators report ranked BOE Technology"s number of patent applications published under the PCT System as 7th in the world, with 1,892 patent applications being published during 2020.

BOE has manufacturing facilities located in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou, Ordos and Gu"an. BOE has global marketing and R&D centers in 19 countries, such as Japan, South Korea, Singapore, the United States, Germany, the United Kingdom, France, Switzerland, India, Russia, Brazil and Dubai.

HEFEI, China, Dec. 20, 2017 /PRNewswire/ -- On December 20, the global highest generation line, BOE Gen 10.5 TFT-LCD production line, has put into production ahead of schedule in Hefei. It hasn"t been long after the mass production of China"sfirst BOE Chengdu Gen 6 flexible AMOLED production line, marking another new milestone in the global display industry. Not only does this mean that the year 2018 will become the first year of 8k, but it also marksChina"s leading position in the global display sphere.

The Gen 10.5 line that BOE built in Hefei in 2015, is the world"s highest generation line and the first Gen 10.5 production linewith a design capacity of 120,000 pieces of glass substrates a month. At its Hefei Gen 10.5 TFT-LCD production line products delivery ceremony, BOE delivered large-size, ultra-high-definition displays, such as 75-inch 8K 60Hz and 120Hz displaysto its clients, including Samsung, LG, Sony, Vizio, Skyworth, Konka, Hisense, Changhong, TPV, Xiaomi, Haier, etc.

Technically, the Gen 10.5 production line has exceeded any previous LCD production line in terms of the difficulty in product design and development, process technology, technical control, and so on. Its intelligence and core process technologies have all reached the highest levels of the industry, setting new standards of the highest generation line in the industry.

Ultra-high-definition displays of large sizes have become the trend in today"s industry. According to IHS predictions, 8K-panel markets in the five years to come will see a CAGR of 111%, with a 8K market penetration rate up to 25% among 60-inch and larger display panels. Global display manufacturers, with an eye for 8K broadcasting opportunities to be brought by the 2020 Summer Olympics in Tokyo and the Olympic and Paralympic Winter Games Beijing 2022are moving towards 8K, which will spark a growth surge in the industry.

As a global leading semiconductor display manufacturer, BOE has introduced a "8425 Strategy", which means"Promoting 8K, popularizing 4K, replacing 2K, and making good use of 5G". With the 5G age being around the corner, BOE will not only solve the "display" issue but help to drive the development of the entire industry chain.

At the event, BOE also associated with the video network and video codec suppliers, equipment, set makers and other upstream and downstream manufacturers to jointly held the "8K Industry Roundtable Conference", launching a discussion on 8K technology, product, application and other ecological construction, reaching related standards for 8K technology and product, promoting the popularity of 8K and China"s leading player position in the global display industry.

Founded in Beijing, April 1993, BOE Technology Group Co., Ltd. is a world leader in semiconductor display industry, as well as an IoT company providing intelligent interface products and professional services for information interaction and human health. BOE"s three core businesses are Display and Sensor Devices, Smart Systems and Healthcare Services. BOE"s display products are widely used in a broad spectrum of applications such as mobile phone, tablet, notebook, monitor, TV, vehicle display, digital information display, healthcare, finance and wearable devices. According to the market data as of 2017 Q3, BOE"s global market share of TFT-LCD panels for mobile phone, tablet and notebook rank No.1, panels for monitor and TV rank No.2. Smart Systems provide IoT integrated solutions for various industries such as new retail, transportation, finance, education, art, medical care, etc. Healthcare Services combine medicine and life science, and is committed to developing mobile healthcare, digital hospitals, regenerative medicine and integrating BOE healthcare park resources.

(Yicai Global) Feb. 14 -- The share price of LCD panel maker BOE Technology [SHE:000725] has jumped by more than one-third in less than a week, as industry data confirmed the company"s world-leading position for this widely-used electronic product.

The Beijing-based company"s shares started their current upsurge on Feb.1, the last market day before the Spring Festival national holiday, and resumed higher in post-vacation trading.

BOE sold 54.30 million units of LCD panels for television displays, 37.30 million units for other electronic devices, both surpassing its South Korean rival LG Display -- the former number one manufacturer -- whose sales figures last year were 48.6 million and 34.5 million, respectively, the latest data released today by Beijing based industry market research institute Sigmaintell Consulting shows.

The current rally of LCD panel prices will continue through the fourth quarter of 2020 as global panel demand remains robust, driven by strong sales of TVs, PCs and tablets catering to stay-at-home activities and Korean makers" withdrawal from LCD panel production, according to Sigmaintell Consulting.

Prices of mainstream panels sized 32-, 50-, 55-, 65- and 75-inch have been increasing at a rate of US$3-10 on average per month since June, with their respective prices reaching US$52, US$127, US$149, US$200 and US$305 in September, said the market research firm.

It expects quotes for 32-inch models to go up another US$3 in October; those for 39.5-, 43- and 50-inch ones will hike US$5; and those for 55-inch will rise over US$5.

Despite the fact that LG Display has decided to push back the date of closing its LCD fab, the supply of TV panels will remain tight in fourth-quarter 2020 as Chinese makers have not yet ramped their capacity enough to make up the shortfalls caused by the reduced output from Korean makers, said Sigmaintell.

BOE Technology also expects panel prices to remain strong in the fourth quarter, with the momentum to stretch into 2021 amid further consolidation in the panel industry.

SEOUL (Reuters) - Chinese flat screen makers, once dismissed as second-class players in the global LCD market, are drawing envious looks from big names such as LG Display Co Ltd and Samsung.A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak

While the Korean giants were busy developing next-generation organic light emitting diode (OLED) TVs, little-known Chinese companies have started selling a type of display that are sharper than the standard LCD and cheaper than OLED.

Until last year, the UHD market had been almost non-existent, with just 33,000 sets sold in the 200 million-unit LCD TV market. Since then, shipments have soared around 20-fold, thanks to China, data from research firm IHS shows.

But its slow introduction into the market and austere prices have thrown open a window of opportunity for UHD makers, in this case Chinese companies like BOE Technology Group Co Ltd and TCL Corp’s LCD unit CSOT.

“We assumed it’ll be too early for this type of display to take off, and thus didn’t think much of having diverse UHD product line-ups, especially in the low end. But I think we are not late just yet and we are working hard to lead the market here.”

In the second quarter ended June, Shenzhen-listed BOE Technology reported an 8.9 percent operating profit margin, while China Star Optoelectronics Technology (CSOT), a unit of China’s biggest TV maker TCL Corp, posted a 9.6 percent margin.

By comparison, Japanese flat-screen pioneer Sharp Corp reported a razor-thin 0.5 percent margin. LG Display, the world’s No.1 LCD maker, posted a 5.6 percent margin.

Samsung Display, a unit of Samsung Electronics, had a margin of 13 percent, the biggest in the industry. But excluding its fledging OLED business, its LCD margin is between 3 and 7 percent, according to a Bernstein forecast.

Just as Korea overtook flat-screen pioneer Japan in the early 2000s, the surprise offensive by Chinese flat screen makers may be a taste of what’s to come, analysts say.

Chinese UHD producers have steadily expanded their capacity. In terms of cost and technological know-how, UHD presents lower barriers to entry compared to OLED.

“The Chinese have done very well so far this year and their momentum is likely to continue at least for another year or so, as they have spotted the potential of this niche market well ahead of bigger rivals,” said Nam Dae-jong, an analyst at Hana Daetoo Investment & Securities.

“They’ve got also strong captive customers - Chinese TV manufacturers and a booming China market. It will take quite a while for Samsung and LG, which made a strategic mistake by ignoring the potential of UHD, to overtake them,” Nam said.

Jolted by the reality of a growing UHD market, Samsung Electronics unveiled a 110-inch UHD TV in January. Interestingly, the UHD displays were not made by Samsung Display, but were produced by Taiwan’s AU Optronics.

“Even with some expansion of the Chinese panel suppliers we do expect Samsung and LG Display to stay dominant and continue production in LCD,” said Sweta Dash, director at IHS.

While Samsung and LG Display are investing billions of dollars in OLED this year, the two giants are also broadening their product lineups to include more popular 50 to 60-inch UHD models.

BOE Technology is now planning to raise 46 billion yuan ($7.5 billion) in the biggest Chinese equity offering this year, to build panel production lines and increase its stake in its LCD venture BOE Display Technology.

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Jimmy Kim conducts research on a broad—and disparate—array of subject areas in display materials and components, including cost modeling for OLED displays, new developments in mini LED technology, and the emergence of new display form factors, such as rollables and foldables.

Jimmy joined the company in 2014 following the acquisition of DisplaySearch, where he served as a senior analyst covering display materials and LED analysis. Jimmy also worked at Samsung—first at Samsung LED, and then at Samsung Electronics. There, he led several R&D projects on new light sources for LCD backlighting and new BLU structures.

As part of Omdia’s displays practice, Jay focuses on researching AMOLED panel display technology and the associated markets. He covers the emerging technologies, process development, and product trends related to AMOLED displays.

Prior to being an analyst, Jay worked at EverDisplay Optronics, the AMOLED manufacturing plant, for 6 years. He served as the R&D manager for 3 years and was responsible for multiple projects. Jay has solid experience in the AMOLED and flexible display industries and a keen awareness of technological progress. He holds a PhD in materials science from South China University of Technology in Guangdong, China.

Stacy is an experienced analyst in Omdia’s display research team, covering small and medium displays. She focuses on automotive displays, smartphone displays, and wearable displays. As a Principal Analyst, she covers small and medium display shipments, supply chain, pricing, and business strategy analysis. She is the lead analyst of the automotive display intelligent service.

Prior to her role, Stacy served as the manager of the market intelligence department of Delta Electronics Group and led the team to provide market insights to the senior management team. She was also a senior analyst responsible for the large area display market at iSuppli. During her tenure, she established a comprehensive industry network and delivered several speeches. She was awarded the iSuppli Idol Award in 2008. She holds a master"s degree in international marketing from the University of Strathclyde in the UK and a bachelor"s degree in business administration from National Chengchi University in Taiwan.

As the lead analyst for the tablet and notebook PC market at Omdia, Jeff is responsible for primary research and forecasting on mobile PCs (tablet and notebook PCs) and the emerging PC market, including gaming notebook PCs, always-connected PCs (5G notebook PCs), and wearable PCs (virtual reality/augmented reality devices).

Prior to working at Omdia, Jeff was an engineer at Chunghwa Picture Tubes, where he led TV panel development projects and promoted products. He worked at Samsung Electronics Taiwan, winning the annual best sales award while handling HP’s monitor business account, and was a procurement manager at Benq for monitor panel and TV set purchasing and panel price trend analysis. Jeff joined DisplaySearch in 2010 as a value chain analyst for the tablet, notebook PC, monitor, and public display supply chain. Jeff graduated from Taiwan’s National Cheng Kung University with a degree in environmental engineering and holds an MBA from National Chengchi University in Taiwan.

Deborah Yang is a noted expert with over 14 years of experience in research and analysis of the flat panel display supply chain across the world. She works in the display team, responsible for the display and OEM supply chain research, including covering the display industry dynamics, pricing trends, and business relations and strategy in the Omdia technology group.

Deborah Yang previously worked at IHS Markit, following its acquisition of DisplaySearch, as director of Taiwan and China display market research. Prior to DisplaySearch, Deborah spent more than 10 years at Royal Phillips Electronics. There, she held the position of business intelligence manager in the flat panel purchasing department of the Philips CE Business Group. Deborah received an award for her role as senior market analyst at Philips and was a nominee for the Royal Philips Electronics PD PBE Best Practice Award. She holds a Master of Business Administration from Preston University, Wyoming, US, and a bachelor"s degree in economics from SooChow University, Taiwan.

Peter is an expert in research and analysis of large area displays (TVs, monitors, notebooks, and tablets), covering TFT, LCD, and OLED marketing, technology, and panel strategy. His analysis of supply capacity, product specifications, pricing, and short-term and long-term forecasts bring value to both panel makers and brand customers.

Vicki Chen focuses on display materials and components, including new form factors, weight efficiencies, and technological advances in displays. She joined the company in 2018, bringing more than 10 years of experience in the flat panel display (FPD) industry.

Vicki worked previously at Chinese firm Sigmaintell Consulting, where she was responsible for research on the mobile phone panel market and value chain. She also worked in new-project development at Taiwan Display, a part of Japan Display. She had her first taste of the FPD industry and worked as a product planning engineer in charge of the request-for-quote (RFQ) development for mobile phone products for Chinese brands at Innolux, a TFT LCD panel manufacturer in Taiwan. Vicki has an undergraduate degree from Nanchang Hangkong University, also known as Nanchang Aviation University, in China.

Robin Wu covers large-sized displays, including the production strategies of display manufacturers and investment flows in the industry. He joined the Omdia (previously IHS Markit) in 2014, where he served as an analyst for PCs and TFT LCDs, specializing in trend analysis of China"s PC, monitor, and display panel markets.

He was also the vice chairman of the VESA monitor task group in 2010, and he has been tracking monitor and panel standardization concerns since early 2009. Robin worked previously at IBM/Lenovo, spending nearly seven years on its monitor and LCD business, delivering the company’s industry leading green ThinkVision products while also managing panel sourcing and qualifications. He was also the industry liaison, building strong relationships with leading PC monitor OEMs in China. Robin has a bachelor"s degree in mechanics and electronics, as well as a master"s degree in microelectromechanical systems from Huazhong University of Science and Technology, a key national university in China.

Ken Park specializes in TV set research and in managing analysts for desktop monitor, notebook and tablet, smartphone, and digital signage in the Asia Pacific region. He draws from years of industry experiences which range from engineering to marketing and sales, adding market insights from his research experiences.

Ken joined the company in November 2014, when Omdia acquired DisplaySearch, a leader in primary research and forecasting on the global display market. At DisplaySearch, he served as a senior analyst in charge of TVs, desktop monitors, public displays, as well as notebook PCs and tablets. Before DisplaySearch, Ken was in marketing and sales in the visual display division at Samsung Electronics. In that position, he directed demand forecasting, sales strategic planning, pricing, product planning, supply chain management, competitive analysis, and marketing communications, contributing its achievement of the number one market share.

Ricky Park currently leads the LCD research team, which has published more than 15 syndicated reports covering the large-area TFT-LCD panel market and all other applications utilizing larger-sized panels. He also serves as project manager for dozens of high-value industry feasibility studies carried out for Fortune 500 companies.

Ricky was one of the main developers of the LCD research practice, where he applied his unique methodologies, processes, and network capabilities to expand the TFT-LCD research business into its current form. He has conducted numerous analytical studies of key markets, specializing in various technologies and applications of the electronics value chain industry.

He joined IHS in November 2014, when IHS acquired DisplaySearch, a leader in primary research and forecasting on the global display market. At DisplaySearch, he served as director of large-area displays & FPD materials analysis in the company"s Korea office. He is a recognized display expert and has been invited to speak on large-area displays, especially on PDP technology, at many Korean FPD forums.

Prior to DisplaySearch, Mr. Chung spent 10 years on the R&D and marketing teams of Samsung SDI"s CRT and PDP Division. There, he managed PDP product planning and technology marketing, led the FPD benchmarking team in the PDP Division and taught Samsung SDI"s new employees about display history and technologies. Mr. Chung has a bachelor"s degree from Kookmin University in Seoul, South Korea.

Tay Kim focuses on the digital signage market and hospitality TV. He is responsible for the market research, analysis, and forecast of digital signage and hospitality TV.

His research covers a diverse range of vertical markets including education, corporate, transportation, hospitality, retail, sports, and other public spaces. Additionally, he regularly contributes to custom and consultancy projects across the entire digital signage landscape.

Prior to joining the company, he developed market insights from analysis experiences in the OPS Planning & Analytics team at Hewlett Packard. He also worked as a B2B specialist in the printing division at Samsung Electronics for managing overseas customers in China, Middle East, and Africa. Before that, he was also in a B2B division at Samsung Fine Chemicals for electronic materials including LCD and PDP Prism film. Tay has a Bachelor’s of Science in chemical engineering from Yonsei University in Seoul, Korea.

Jerry Kang is responsible for the OLED display market analysis at IHS. His main focus is the AMOLED panel and the next generation display market including flexible and transparent display with AMOLED.

With more than 10 years of industry experience, Jerry is known for his professional analysis and strategic insights on the technology and market for OLED display. He is frequently quoted in media, and is invited to speak at major conferences worldwide.

Prior to joining IHS in 2011, Jerry worked as an OLED development engineer at Samsung SDI and Samsung Mobile Display, in charge of operational circuit designing for OLED and LCD.

Alex Kang is responsible for large-area TFT-LCD panel market research at Omdia, including manufacturing fab and supply chain management. He is one of the key contacts for the LCD research.

Alex joined the team in 2005 and has carried out multiple projects for the players in the display industry and government entities. He led numerous projects, including feasibility studies of investment, marketability forecast of emerging technologies, establishment of business cluster development strategy, and long-term LCD market volume and pricing forecast.

Brian Huh is a principal analyst within the Omdia (previously IHS) technology group. He joined in November 2014, when the company acquired DisplaySearch, a leader in primary research and forecasting on the global display market. At DisplaySearch, he served as a senior analyst for small and medium displays, including emerging displays, touch screen panels and mobile PC displays.

Prior to DisplaySearch, Brian worked at Hydis in South Korea as a TFT LCD module process engineer for five years and as a strategic marketing manager for six years. He is an expert in planning new products and promotions, formulating product and business strategy, and forecasting for mobile PC panels and smartphone displays. Brian has a bachelor"s degree in electronics from Dongguk University in Seoul, South Korea. He speaks both Korean and English.

David Hsieh is a noted expert in research and analysis of the TFT LCD, and LCD TV value chain for Mainland China and Taiwan. As head of the Displays team, he oversees the division’s end-to-end research on displays, covering the supply chain, materials and components, supply-and-demand dynamics, pricing and cost modeling, revenue and shipment forecasts, and emerging technologies.

In an earlier stint at DisplaySearch, he led the company’s primary research and forecasting on the global display market while concurrently serving as vice president of the greater China market. David also worked at HannStar Display, a leading manufacturer of TFT LCD panels, as a key account manager, production planner, and production engineer for the HannStar TFT LCD module line.

David belongs to a distinguished circle of only 11 Technology Fellows named by IHS Markit during his time at the company, an honor that recognizes his deep expertise and exceptional standing within the analyst community.

Jusy Hong is a key analyst and the director for mobile devices, networks, and media in the Asia Pacific region, covering mobile handset production, technology, and market-related strategies. Jusy also coordinates the wider consumer electronics research in Asia.

In his previous roles at the company, Jusy led the research team on TV technology and ecosystems, which included the panel display market for TVs and large-sized LCDs. He has also worked on the global monitor and public information markets.

Jusy’s work is currently concentrated in the areas of demand forecasting, competitive analysis, pricing, and new-trend analysis. He also serves as project manager for numerous consultancy missions centered on display technology for industry-leading manufacturers, government institutions, and investment companies.

A frequent speaker at major industry events around the world such as SID, KDC, and IMID, Jusy is based in South Korea. He speaks fluent Korean, English, and Japanese, and he maintains a broad network of key contacts in both South Korea and Japan.

Irene has tracked the display industry’s parts and materials market for many years. She worked for a year in 2007 at the company’s Yokohama office, where the human networks she built during that period remain a great asset for her optical-film-related research.

As part of Omdia’s small/medium displays practice, Joy covers displays under 9 inches in size utilized in smartphones, tablets, wearables, and automotive displays. Her research touches areas such as the AMOLED ecosystem, new trends in smartphone panel displays, and the supply chain in China for smartphone displays.

Joy brings 17 years of experience to the subjects she covers. She worked previously at BOE, the giant Chinese display manufacturer, as a product manager for medical and industrial displays. She started her career at Tianma Group as an LCD module design engineer, then became manager of product design and development. She transferred to the marketing department as an analyst for mobile phone displays and then for automotive displays. Joy has a bachelor’s degree in automation from Beihang University, a major public research institution in China. She also holds a master’s degree in business management from Renmin University of China.

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.

In the large area OLED segment, strong consumer demand for high-end TVs and notebook PCs drove surging demand for OLED TV and notebook PC OLED, which saw 66 percent YoY and 418 percent YoY increases in units shipped last year, respectively. Overall large area OLED achieved a historical high for unit shipments, hitting 23.7 million units shipped in 2021, a 37 percent YoY increase over 2020.

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."