cheapest lcd panel makers pricelist

The price of LCD display panels for TVs is still falling in November and is on the verge of falling back to the level at which it initially rose two years ago (in June 2020). Liu Yushi, a senior analyst at CINNO Research, told China State Grid reporters that the wave of “falling tide” may last until June this year. For related panel companies, after the performance surge in the past year, they will face pressure in 2022.

LCD display panel prices for TVs will remain at a high level throughout 2021 due to the high base of 13 consecutive months of increase, although the price of LCD display panels peaked in June last year and began to decline rapidly. Thanks to this, under the tight demand related to panel enterprises last year achieved substantial profit growth.

According to China State Grid, the annual revenue growth of major LCD display panel manufacturers in China (Shentianma A, TCL Technology, Peking Oriental A, Caihong Shares, Longteng Optoelectronics, AU, Inolux Optoelectronics, Hanyu Color Crystal) in 2021 is basically above double digits, and the net profit growth is also very obvious. Some small and medium-sized enterprises directly turn losses into profits. Leading enterprises such as BOE and TCL Technology more than doubled their net profit.

Take BOE as an example. According to the 2021 financial report released by BOE A, BOE achieved annual revenue of 219.31 billion yuan, with a year-on-year growth of 61.79%; Net profit attributable to shareholders of listed companies reached 25.831 billion yuan, up 412.96% year on year. “The growth is mainly due to the overall high economic performance of the panel industry throughout the year, and the acquisition of the CLP Panda Nanjing and Chengdu lines,” said Xu Tao, chief electronics analyst at Citic Securities.

In his opinion, as BOE dynamically optimizes its product structure, and its flexible OLED continues to enter the supply chain of major customers, BOE‘s market share as the panel leader is expected to increase further and extend to the Internet of Things, which is optimistic about the company’s development in the medium and long term.

“There are two main reasons for the ideal performance of domestic display panel enterprises.” A color TV industry analyst believes that, on the one hand, under the effect of the epidemic, the demand for color TV and other electronic products surges, and the upstream raw materials are in shortage, which leads to the short supply of the panel industry, the price rises, and the corporate profits increase accordingly. In addition, as Samsung and LG, the two-panel giants, gradually withdrew from the LCD panel field, they put most of their energy and funds into the OLED(organic light-emitting diode) display panel industry, resulting in a serious shortage of LCD display panels, which objectively benefited China’s local LCD display panel manufacturers such as BOE and TCL China Star Optoelectronics.

Liu Yushi analyzed to reporters that relevant TV panel enterprises made outstanding achievements in 2021, and panel price rise is a very important contributing factor. In addition, three enterprises, such as BOE(BOE), CSOT(TCL China Star Optoelectronics) and HKC(Huike), accounted for 55% of the total shipments of LCD TV panels in 2021. It will be further raised to 60% in the first quarter of 2022. In other words, “simultaneous release of production capacity, expand market share, rising volume and price” is also one of the main reasons for the growth of these enterprises. However, entering the low demand in 2022, LCD TV panel prices continue to fall, and there is some uncertainty about whether the relevant panel companies can continue to grow.

According to Media data, in February this year, the monthly revenue of global large LCD panels has been a double decline of 6.80% month-on-month and 6.18% year-on-year, reaching $6.089 billion. Among them, TCL China Star and AU large-size LCD panel revenue maintained year-on-year growth, while BOE, Innolux, and LG large-size LCD panel monthly revenue decreased by 16.83%, 14.10%, and 5.51% respectively.

Throughout Q1, according to WitsView data, the average LCD TV panel price has been close to or below the average cost, and cash cost level, among which 32-inch LCD TV panel prices are 4.03% and 5.06% below cash cost, respectively; The prices of 43 and 65 inch LCD TV panels are only 0.46% and 3.42% higher than the cash cost, respectively.

The market decline trend is continuing, the reporter queried Omdia, WitsView, Sigmaintel(group intelligence consulting), Oviriwo, CINNO Research, and other institutions regarding the latest forecast data, the analysis results show that the price of the TV LCD panels is expected to continue to decline in April. According to CINNO Research, for example, prices for 32 -, 43 – and 55-inch LCD TV panels in April are expected to fall $1- $3 per screen from March to $37, $65, and $100, respectively. Prices of 65 – and 75-inch LCD TV panels will drop by $8 per screen to $152 and $242, respectively.

“In the face of weak overall demand, major end brands requested panel factories to reduce purchase volumes in March due to high inventory pressure, which led to the continued decline in panel prices in April.” Beijing Di Xian Information Consulting Co., LTD. Vice general manager Yi Xianjing so analysis said.

“Since 2021, international logistics capacity continues to be tight, international customers have a long delivery cycle, some orders in the second half of the year were transferred to the first half of the year, pushing up the panel price in the first half of the year but also overdraft the demand in the second half of the year, resulting in the panel price began to decline from June last year,” Liu Yush told reporters, and the situation between Russia and Ukraine has suddenly escalated this year. It also further affected the recovery of demand in Europe, thus prolonging the downward trend in prices. Based on the current situation, Liu predicted that the bottom of TV panel prices will come in June 2022, but the inflection point will be delayed if further factors affect global demand and lead to additional cuts by brands.

With the price of TV panels falling to the cash cost line, in Liu’s opinion, some overseas production capacity with old equipment and poor profitability will gradually cut production. The corresponding profits of mainland panel manufacturers will inevitably be affected. However, due to the advantages in scale and cost, there is no urgent need for mainland panel manufacturers to reduce the dynamic rate. It is estimated that Q2’s dynamic level is only 3%-4% lower than Q1’s. “We don’t have much room to switch production because the prices of IT panels are dropping rapidly.”

Ovirivo analysts also pointed out that the current TV panel factory shipment pressure and inventory pressure may increase. “In the first quarter, the production line activity rate is at a high level, and the panel factory has entered the stage of loss. If the capacity is not adjusted, the panel factory will face the pressure of further decline in panel prices and increased losses.”

In the first quarter of this year, the retail volume of China’s color TV market was 9.03 million units, down 8.8% year on year. Retail sales totaled 28 billion yuan, down 10.1 percent year on year. Under the situation of volume drop, the industry expects this year color TV manufacturers will also set off a new round of LCD display panel prices war.

Prices for all TV panel sizes fluctuated and are forecast to fluctuate between 2020 and 2022. The period from March 2020 to July 2021 saw the biggest price increases, when a 65" UHD panel cost between 171 and 288 U.S. dollars. In the fourth quarter of 2021, such prices fell and are expected to drop to an even lower amount by March 2022.Read moreLCD TV panel prices worldwide from January 2020 to March 2022, by size(in U.S. dollars)Characteristic32" HD43" FHD49"/50" UHD55" UHD65" UHD------

DSCC. (January 10, 2022). LCD TV panel prices worldwide from January 2020 to March 2022, by size (in U.S. dollars) [Graph]. In Statista. Retrieved February 27, 2023, from https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/

DSCC. "LCD TV panel prices worldwide from January 2020 to March 2022, by size (in U.S. dollars)." Chart. January 10, 2022. Statista. Accessed February 27, 2023. https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/

DSCC. (2022). LCD TV panel prices worldwide from January 2020 to March 2022, by size (in U.S. dollars). Statista. Statista Inc.. Accessed: February 27, 2023. https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/

DSCC. "Lcd Tv Panel Prices Worldwide from January 2020 to March 2022, by Size (in U.S. Dollars)." Statista, Statista Inc., 10 Jan 2022, https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/

DSCC, LCD TV panel prices worldwide from January 2020 to March 2022, by size (in U.S. dollars) Statista, https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/ (last visited February 27, 2023)

LCD TV panel prices worldwide from January 2020 to March 2022, by size (in U.S. dollars) [Graph], DSCC, January 10, 2022. [Online]. Available: https://www.statista.com/statistics/1288400/lcd-tv-panel-price-by-size/

After a full year of rising LCD TV panel prices, the natural effect of rising prices on both supply and demand has kicked in, and prices are starting to fall, based on our latest update and forecast of LCD TV prices. The demand surge, which resulted from the COVID-19 pandemic, has eased and industry supply has caught up to demand. Prices in August and September are falling faster than expected and we now forecast that year-end prices will be lower than they were in December 2020, but still substantially higher than their all-time lows.

Samsung Display (SDC) and LG Display (LGD) will ramp up their OLED panel output in 2023 to fend off competition from Chinese rivals, according to sources at the TV supply chain makers.

LCD TV panel prices will likely remain stable in February, as panel makers" efforts to control capacity utilization rates have brought a healthier supply-demand balance for the display industry, according to industry sources.

Taiwan-based makers received export orders totaling US$52.17 billion in December 2022, down 23.2% on year, according to the Ministry of Economic Affairs (MOEA).

LG Display"s and Samsung Display"s globally leading TV OLED technology has been threatened by China-based makers of TV OLED panels, according to industry sources.

LG Electronics has sourced OLED panels from Samsung Display for its new Gram Style notebooks, marking the first time Samsung has supplied LG with OLED panels, according to Korean media reports.

Before microLED technology becomes mature for commercial use, miniLED-backlit LCD panels will compete with OLED panels for application to high-end automotive displays.

Display panel makers" production utilization rates are expected to remain at low levels while panel prices will stay stable in the first quarter of 2023, according to industry sources.

TFT-LCD panel maker Innolux has undertaken zero-waste and zero-pollution automation of its liquid crystal extraction process, according to the company.

Although LCD panel makers have recently seen a short-term surge of their capacity utilization rate to 60-70%, up from 60% in September 2022, most makers in the line believe demand for their products will remain weak in 2023.

As it will take time for the sagging global economy to recover, panel demand from the primary application sectors, such as LCD TVs, monitors, notebooks, tablets and smartphones, will likely continue declining instead of picking up in 2023, according to industry sources.

Samsung has struck LTAs for the supply of TV panels with AU Optronics (AUO), China Star Optoelectronics Technology (CSOT) and HKC, according to industry sources.

LG Display (LGD) may continue to scale down its LCD TV panel production, having closed its 7.5G fab in Paju, South Korea, at the end of 2022, according to industry sources.

Price for handset panels have dropped further in the first quarter of 2023, while quotes for TV and IT display products hold steady, according to industry sources.

Despiting the rising popularity of OLED panels among notebook brands, miniLED-based displays have also been expanding their presence in the notebook market.

While LCD panels have been dominantly used in automotive displays, demand for higher-quality in-vehicle displays will lead to competition between OLED and LCD panels, according to Taiwan-based LCD DDI (display driver IC) and TDDI (touch & display driver integrated IC) design houses.

More panel makers, including BOE Technology and Sharp, have begun churning out OLED displays for notebook applications as notebook brands have added more OLED-based models to their offerings.

Flat-panel displays are thin panels of glass or plastic used for electronically displaying text, images, or video. Liquid crystal displays (LCD), OLED (organic light emitting diode) and microLED displays are not quite the same; since LCD uses a liquid crystal that reacts to an electric current blocking light or allowing it to pass through the panel, whereas OLED/microLED displays consist of electroluminescent organic/inorganic materials that generate light when a current is passed through the material. LCD, OLED and microLED displays are driven using LTPS, IGZO, LTPO, and A-Si TFT transistor technologies as their backplane using ITO to supply current to the transistors and in turn to the liquid crystal or electroluminescent material. Segment and passive OLED and LCD displays do not use a backplane but use indium tin oxide (ITO), a transparent conductive material, to pass current to the electroluminescent material or liquid crystal. In LCDs, there is an even layer of liquid crystal throughout the panel whereas an OLED display has the electroluminescent material only where it is meant to light up. OLEDs, LCDs and microLEDs can be made flexible and transparent, but LCDs require a backlight because they cannot emit light on their own like OLEDs and microLEDs.

Liquid-crystal display (or LCD) is a thin, flat panel used for electronically displaying information such as text, images, and moving pictures. They are usually made of glass but they can also be made out of plastic. Some manufacturers make transparent LCD panels and special sequential color segment LCDs that have higher than usual refresh rates and an RGB backlight. The backlight is synchronized with the display so that the colors will show up as needed. The list of LCD manufacturers:

Organic light emitting diode (or OLED displays) is a thin, flat panel made of glass or plastic used for electronically displaying information such as text, images, and moving pictures. OLED panels can also take the shape of a light panel, where red, green and blue light emitting materials are stacked to create a white light panel. OLED displays can also be made transparent and/or flexible and these transparent panels are available on the market and are widely used in smartphones with under-display optical fingerprint sensors. LCD and OLED displays are available in different shapes, the most prominent of which is a circular display, which is used in smartwatches. The list of OLED display manufacturers:

MicroLED displays is an emerging flat-panel display technology consisting of arrays of microscopic LEDs forming the individual pixel elements. Like OLED, microLED offers infinite contrast ratio, but unlike OLED, microLED is immune to screen burn-in, and consumes less power while having higher light output, as it uses LEDs instead of organic electroluminescent materials, The list of MicroLED display manufacturers:

LCDs are made in a glass substrate. For OLED, the substrate can also be plastic. The size of the substrates are specified in generations, with each generation using a larger substrate. For example, a 4th generation substrate is larger in size than a 3rd generation substrate. A larger substrate allows for more panels to be cut from a single substrate, or for larger panels to be made, akin to increasing wafer sizes in the semiconductor industry.

"Samsung Display has halted local Gen-8 LCD lines: sources". THE ELEC, Korea Electronics Industry Media. August 16, 2019. Archived from the original on April 3, 2020. Retrieved December 18, 2019.

"TCL to Build World"s Largest Gen 11 LCD Panel Factory". www.businesswire.com. May 19, 2016. Archived from the original on April 2, 2018. Retrieved April 1, 2018.

"Panel Manufacturers Start to Operate Their New 8th Generation LCD Lines". 대한민국 IT포털의 중심! 이티뉴스. June 19, 2017. Archived from the original on June 30, 2019. Retrieved June 30, 2019.

"TCL"s Panel Manufacturer CSOT Commences Production of High Generation Panel Modules". www.businesswire.com. June 14, 2018. Archived from the original on June 30, 2019. Retrieved June 30, 2019.

"Samsung Display Considering Halting Some LCD Production Lines". 비즈니스코리아 - BusinessKorea. August 16, 2019. Archived from the original on April 5, 2020. Retrieved December 19, 2019.

Herald, The Korea (July 6, 2016). "Samsung Display accelerates transition from LCD to OLED". www.koreaherald.com. Archived from the original on April 1, 2018. Retrieved April 1, 2018.

"China"s BOE to have world"s largest TFT-LCD+AMOLED capacity in 2019". ihsmarkit.com. 2017-03-22. Archived from the original on 2019-08-16. Retrieved 2019-08-17.

I’m hearing from some industry friends that LCD display panel prices are rising – which on the surface likely seems incongruous, given the economic slowdown and widespread indications that a lot of 2020 and 2021 display projects went on hold because of COVID-19.

On the other hand, people are watching a lot more TV, and I saw a guy at Costco the other day with two big-ass LCD TVs on his trolley. And a whole bunch of desktop monitors were in demand in 2020 to facilitate Work From Home. So demand for LCD displays is up outside of commercial purposes.

Continuing strong demand and concerns about a glass shortage resulting from NEG’s power outage have led to a continuing increase in LCD TV panel prices in Q1. Announcements by the Korean panel makers that they will maintain production of LCDs and delay their planned shutdown of LCD lines has not prevented prices from continuing to rise.

Panel prices increased more than 20% for selected TV sizes in Q3 2020 compared to Q2, and by 27% in Q4 2020 compared to Q3, and we now expect that average LCD TV panel prices in Q1 2021 will increase by another 9%.

Prices increased in Q4 for all sizes of TV panels, with massive % increases in sizes from 32” to 55” ranging from 28% to 38%. Prices for 65” and 75” increased at a slower rate, by 19% and 8% respectively, as capacity has continued to increase on those sizes with Gen 10.5 expansions.

Prices for every size of TV panel will increase in Q1 at a slower rate, ranging from 4% for 75” to 13% for 43”. Although we continue to expect that the long-term downward trend will resume in the second quarter of 2021, we no longer expect that panel prices will come close to the all-time lows seen earlier this year. The situation remains dynamic, and the pandemic may continue to affect both supply and demand.

TV panel prices however, continued to rise at an ‘unprecedented’ rate again, far ahead of our expectations, and panel producers do not seem to be hesitant about continuing to push prices further.

Given that TV set demand continues to outstrip production capacity, panel producers are already expecting to raise prices again in 1Q, typically a sequentially weaker quarter.  There is a breaking point at which TV set brands will forego requested panel price increases in order to preserve what is left of margins, and with the increasing cost of TV set panel inventory, we expect TV set producers to become unprofitable relatively quickly.

Does that mean they will stop buying and face losing market share to those that are willing to pay higher prices to see unit volume growth? Eventually, but heading into the holidays it doesn’t seem likely this year, so we expect TV panel prices to rise again in December.

NEW YORK (CNNMoney) -- LCD TV prices will fall to their lowest levels of all time this Black Friday, as television manufacturers try to use bargains to revive struggling sales.

"It"s a self-fulfilling prophecy," said Paul Gagnon, director of TV research at DisplaySearch. "But this year, softer demand is really taking a toll. Set makers" profitability is pretty terrible right now, so there"s lots of pressure to have a good holiday."

DisplaySearch predicts that 32-inch LCD TVs will be offered at or below $200. Both 40- and 42-inch sets will be priced in a range of $200-$400, and 55- and 60-inch LCD TVs will be offered below $1,000 for the first time, with the cheapest big-screen TV sets priced as low as $600 on Black Friday.

Bargains for plasma screens, which tend to be more expensive than LCD TVs, will be good, but the discounts won"t be nearly as extreme as those on LCD sets.

One caution for deal hunters: Manufacturers have become much more conservative in their inventories this year, reducing their orders for LCD panels as demand continued to slip. Factories that make TV sets were operating at just 70% this fall, IHS iSuppli said.

Just 11% of LCD TV sales are of sets with 3-D capabilities, though the expensive TVs did make up 27% of manufacturers" revenues this past quarter, according to DisplaySearch.