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Monitor Display Panel BOE monitor display panels cover a full range of products from 18.5 inches to 43 inches, with high image quality, wide viewing angles, high refresh rate, low power consumption, a borderless design, and other features. Resolution of up to 8K can be achieved. The products are widely used in entertainment, office, professional design, and other fields.
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.
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.
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."
As a Zhongguancun enterprise, BOE has always adhered to technology-driven innovation. According to statistics, BOE"s 2018 shipments of LCD TV panels exceeded that of,LG Display Co, one of the world"s biggest manufacturers of display panels used in smartphones and televisions, ranking first in the world that year.
"The display shipments of BOE increased by 24 percent year-on-year in 2018, and its dispatch area increased by 45 percent year-on-year, which is the highest growth among the top five panel makers in the world," According to Sigmaintell Consulting analysts, who added that BOE achieved remarkable results in 2018: the world"s first 10.5 generation TFT-LCD mass production line was put into operation, and its TV panel production capacity increased by over 40 percent.
Meanwhile, BOE"s product structure continues to optimize production of large TV displays. Screens of 55, 65 and 75 inches increased sharply, and BOE"s market share of 75-inch TV displays tops in the world.
Global shipments of LCD TV panels in the first quarter of 2018 [Photo provided to chinadaily.com.cn]BOE accelerated its technology upgrading and achieved a new breakthrough in liquid crystal display technology in 2018. By applying megapixel partitioning technology, BOE 4K display achieved a 100,000-level ultra-high dynamic contrast ratio, with a color depth up to 12bits, so that the LCD display perfectly shows the ultra high definition display effect.
Recently, the US patent service agency IFI Claims released the 2018 US statistics report on patent authorization. BOE"s global ranking had jumped to 17th, with patents granted in America reaching 1,634, an increase of 16 percent. BOE is now the fastest-growing company among the TOP 20 enterprises listed by IFI Claims.
The 2018 US statistics report on patent authorization released by IFI Claims. [Source: IFI CLAIMS official website]Innovation is the only path on which companies can survive and succeed. Since its founding, BOE has always maintained its respect for technology and innovation and has ranked first in the industry for patent applications for consecutive years.
In 2018, BOE added 9,958 new patent applications, 90 percent of them invention patents and 38 percent overseas patents covering the United States, Europe, Japan, South Korea and other countries and regions. The total number of patents held by the company exceeds 70,000.
BOE has not only become one of two Chinese companies included in the US IFI Claims TOP 50, but has also been the top ten in patent ranking by the World Intellectual Property Organization (WIPO) for many years.
The "4317 full-spine flat-panel detector" is the world"s first and largest flat-panel detector for full-body scanning. It takes a one-time shot to obtain a complete human spine image, which avoids the patient"s exposure to accumulated X-ray doses and greatly reduces radiation damage.
The dynamic ECG recorder is a medical product of BOE. It can collect ECG waveforms, obtain doctors" diagnoses online, and quickly find ECG abnormalities. The intelligent clinics include an AI general practitioner system and an intelligent clinic information system that can make intelligent diagnoses and assist doctors in treatment.
Over a decade ago, due to the lack of core technologies in the field of semiconductor displays, China"s electronic information industry was shrouded in the shadow of the "lack of LCD screens", and was even unable to independently manufacture a complete LCD TV.
Acquisition of Hyundai Electronics" LCD panel businesses gave Chinese semiconductor companies a chance to break through technological limitations. [Photo provided to chinadaily.com.cn]A group of semiconductor companies like BOE seized the opportunity to acquire Hyundai Electronics" LCD panel businesses. After digesting, absorbing and re-innovating, the companies mastered liquid crystal display technology and ended the dependence on imports in the Chinese semiconductor and display industries.
"Our growth in these years can be summarized in one sentence:" It is the respect for technology and the persistence of innovation that constitutes our core values."" said Wang Dongsheng, founder and chairman of BOE, who added that "Having technologies doesn"t mean victory; but without technologies, failure is unavoidable. To keep up with latest technologies for 30 years, technological innovation can"t be neglected."