China is set to overtake South Kore in OLED as well as LCD display market. Chinese display maker BOE is expanding its partnership with Apple, which will increase its presence in the OLED and LCD market as well.
According to a BusinessKorea report, BOE has began the shipment of 6.1 inch OLED panels for the Cupertino based giant’s iPhone 13 series last month. These shipments are expected to further rise after some testing at Apple. BOE had previously only supplied OLED panels to refurbished iPhone models. But now, the Chinese display maker is responsible for up to 40 percent of Apple products that use OLED panels.
On the other hand, Samsung Electronics‘ share in the supply chain for OLED has fallen over time. Back in 2017, Chinese LCD panel makers had caught up with LCD manufacturers in South Korea. This appears to also be reflected in the OLED panel market as well, with BOE leading the Chinese manufacturers. As of right now, LG Display and Samsung Display are the top two largest producers of OLED in the global market.
Although, the growth of the two brands is slower than their Chinese counterparts. While Samsung and LG showcased an average annual growth of 12 percent and 19 percent respectively, firms like BOE and CSOT are seeing 25 percent and 52 growth rates annually respectively. In other words, they are expected to catch up to these South Korean firms soon and even possibly overtake them.
RELATED:
- TCL CSOT, BOE could supply OLED panels for Samsung Galaxy A73: Report
- Apple iPhone 13 will get more of Chinese BOE displays & lesser of Samsung when this deal goes through
- BOE begins construction of world’s largest display factory in China
- Apple to launch redesigned MacBook Air with BOE Mini LED displays in Mid 2022: Report
