China is rapidly solidifying its position as the global leader in display production. A new report from Counterpoint Research forecasts significant growth, impacting the entire industry.
Key Takeaways:
Growing Market Share: China's share of global display production is projected to increase from 68% in 2023 to 75% by 2028. This represents a 4% average annual growth. Industry Shift: Traditional display powerhouses like South Korea, Taiwan, and Japan are expected to see their market shares decline. By 2028, their shares may fall to 8%, 16%, and 1%, respectively. India's Entry: India is not expected to begin display production until 2030. Dominant Technologies: LCD screens for TVs and computers will continue to dominate, accounting for at least 73% of production. Mobile device displays will follow at 14%. OLED technology will make up 4%.This trend highlights China's increasing influence and strategic investment in display technology.
