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RayClouds Photoelectric Technology Co.,Ltd.
RayClouds Photoelectric Technology Co.,Ltd.

CHINA'S NEW DISPLAY INDUSTRY HAS MAINTAINED A RAPID GROWTH TREND


On November 11, the reporter learned from the news conference held in Chengdu and Beijing that the 2022 World Display Industry Conference hosted by the Sichuan Provincial People's Government and the Ministry of Industry and Information Technology will be held in Chengdu, Sichuan Province from November 30 to December 1. Yang Xudong, deputy director of the Department of Electronic Information of the Ministry of Industry and Information Technology, will introduce the development of China's new display industry at the news conference.

Yang Xudong said that the new display industry is the terminal foundation of the information age and the key field of the digital economy, as well as an important part of the modern industrial system. Under the strong support of the state and the joint efforts of the whole industry, the development of the new display industry is remarkable in recent years. Our country has become an important pole of the global's new display industry, making an important contribution to the global economic development and adding luster to people's happy life. 


As the competent department of the industry, the Ministry of Industry and Information Technology attaches great importance to the high-quality development of the new display industry. Together with relevant departments, it encourages the integrated development of relevant leading enterprises and "specialized and new" small and medium-sized enterprises, and guides the rational layout and cross-development of key areas with basic conditions and conditions, and builds an industrial ecology with the coordinated development of all links of the industrial chain. In addition, the Ministry of Industry and Information Technology has also vigorously promoted in-depth exchanges and pragmatic cooperation between upstream and downstream enterprises at home and abroad. A large number of leading international enterprises including Corning Incorporated, Merck KGaA, Nippon Electric Glass(NEG), Samsung and LG, etc. have come to China to invest and build factories to share the dividends of China's industrial development. 

Yang Xudong said that with the joint efforts of all parties in government, industry, academia, research and application, China's new display industry has maintained a sustained high-speed growth trend. It shows that the panel production capacity scale has been further improved, the resilience of the industrial chain and supply chain has been steadily enhanced, and the whole industry is on the rise.

First, the industrial scale has continued to expand. In 2021, the new investment of the new display industry in mainland China reached 193.23 billion yuan, a year-on-year increase of 36.6%; the input capacity reached 211 million square meters, a year-on-year increase of 23.4%. The annual revenue of the display industry reached 586.8 billion yuan, a year-on-year increase of 40.5%; among them, the revenue of display panels was 451.8 billion yuan, a year-on-year increase of 39.2%; display panel shipments reached 161 million square meters, a year-on-year increase of 19.3%, accounting for 63.3% globally. In 2022, despite the downturn in the industry cycle and the decline in display panel prices, China's display industry still shows strong industrial resilience and impact resistance. In the first three quarters of 2022, the shipment area of Chinese panel companies reached 120 million square meters, with a market share of more than 67%. It's a record high. 

Second, the industrial structure has been continuously optimized. Chinese mainland has a layout in TFT-LCD, AMOLED, Micro-LED, laser display, electronic paper and other display technologies, and the industrial structure is becoming more and more reasonable. TFT-LCD has obvious leading advantages, AMOLED mass production capacity is constantly enhanced, e-paper display technology has achieved mass production, and the application of display products in intelligent terminals, vehicles, cultural tourism, supermarkets and other fields has been further expanded. Innovative achievements such as Micro-LED, printed display, and laser display continue to emerge, new technologies continue to make breakthroughs, and technical reserves are significantly enhanced. 

Third, the resilience of the industrial chain and supply chain has been steadily enhanced. The upstream and downstream of the industrial chain cooperate closely, the coordination mechanism is continuously improved, and the all-factor allocation is continuously optimized. Significant progress has been made in the coordination of industrial and supply chains. In 2021, the nearest supporting level of key LCD materials will reach 70%, and it is expected to exceed 75% in 2022. The upstream and downstream enterprises of the global industrial chain actively set up factories in China and establish close cooperative relations with domestic enterprises, which is driving the sustainable and healthy development of the global display industry. 

Finally, Yang Xudong noted that this year's conference is moving to Sichuan for the first time. The Sichuan Provincial Party Committee and the Sichuan Provincial Government attached great importance to and made careful arrangements, and meticulously prepared for the conference, which provided a strong guarantee for the conference. With the efforts of all parties, the 2022 World Display Industry Conference will gather the wisdom and strength of government, industry, academia and research to effectively promote the high-quality development of China's new display industry. 

Source: Display World

RayClouds is a high-tech enterprise focusing on optical measurement. We took the market as the guide, took scientific research as the core, and took innovation as the method to independently developed colorimeters, photometers and automatic measurement system for optical properties, providing a full range of measurement solutions for display products to help manufacturers interpret the value of products. 


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