NEWS

Development status and Prospect Forecast of global LCD market

11.13.2023

Displays, laptops, printers and other terminal equipment are electronic products closely related to public work, and have become an important part of modern people's electronic office. With the growth of people's demand for office electronic products, the market demand of display shows a rapid growth trend.

LCD has a wide range of applications and expanding demand

Compared with other types of flat panel displays, LCD has the advantages of low working voltage, low power consumption, high resolution, good anti-interference and low cost. It has become the mainstream product of flat panel displays and occupied the main market share of flat panel displays. In addition, the application of LCD in commercial segments such as transportation, government, service industry, education and energy continues to expand, and the growth potential of LCD market can be expected in the future.

The outbreak of the epidemic will reduce market demand

Due to novel coronavirus pneumonia computer epidemic in recent two years, shopping malls and entertainment establishments are forced to stop business, and the influence of residents' foot ban has been gradually weakened. The market demand of display is directly affected, and the market of display production coupled with the market of display relies heavily on the demand of display devices such as televisions, mobile phone and notebook computers. As a result, the display market is difficult to avoid the direct impact of coronavirus, and the blow is more serious than other products. China Business Research Institute predicts that the global demand for flat panel displays will decline in 2020.

With the continuous decline of display panel prices and the release of market demand, display manufacturers also began to increase their shipments to obtain more profits. In terms of shipment market share, in the past 1-2 years, we have seen major Internet brands, home appliance brands, DIY brands and cloud terminal brands pouring into the display market. In addition, due to the enhanced scene attributes of the display, the new brand camp will also find market positioning in the market segment. It is expected that more brands will enter the display market in the future, and there will be new changes in the market pattern.

In general, with the continuous growth of demand for office electronic products in developed countries including the United States, Britain, Germany, Canada, France and Japan, the demand for office electronic products in emerging developing countries including China shows a rapid growth trend. Display, as an important part of modern electronic office, has a promising market prospect in the future. It is noteworthy that at present, China has put forward the emerging display as an important development direction of the display industry, vigorously supported the research and development of new generation display technology, and actively expanded the application fields of emerging displays such as curved surface and E-sports. At the same time, as the domestic high-generation panel production line is gradually put into operation, the self-sufficiency rate of display panel will be further improved, and the scale of China's display industry will be further expanded in the future. 

As a member of China's display industry, Sinda display has many advantages in LCD display. Our company has many years of experience in making LCD display and is committed to manufacturing and developing high-quality industrial display products. We specialize in providing global customers with small and medium-sized LCD, LCD module, LED backlight and other extended products. Recently, we have expanded the factory capacity to 20KK / month, and the second factory has started mass production in Hengyang, Hunan.

If you are interested in LCD display, please contact us

Tel: +86-755-28445701

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Email: info@sindadisplay.com