How Innovative Is China in the Display Industry?

Chinese companies have become leading innovators in display technologies, in addition to becoming the largest global producers.

KEY TAKEAWAYS

• Chinese enterprises’ global share liquid crystal display (LCD) production has reached 72 percent, while their share of organic light-emitting diode (OLED) production has now surpassed 50 percent, both starting from under 1 percent the decade before.
• From 2020 to 2027, analysts expect China’s global share of capital expenditure (CapEx) investments in display technologies to average about 85 percent, with Chinese companies accounting for over 90 percent of the sector’s CapEx by 2027.
• Chinese LCD and OLED makers, long second fiddle to South Korean leaders, are increasingly winning innovation awards in the sector with novel display products.
• The R&D intensity of top Chinese firms in the “technology and electrical hardware and equipment” sector increased 646 percent over the past 10 years, compared with a 67 percent increase for U.S. firms.
• China’s massive subsidization of the industry has driven down prices (and thus profitability) in the sector, knocking many foreign competitors out of the market or precluding would-be competitors from entering.
• Chinese firms’ capabilities in display technologies are likely to spill over into semiconductor capabilities, because process similarities between the technologies are close to 70 percent.

Electronic displays have become an integral part of the economy, representing the key visual and tactile (via touchscreens) human interface for a wide variety of consumer electronics from televisions, computers, mobile phones, tablets, and vehicles to a range of other applications, from medical devices to refrigerators. Displays also play vital roles in national defense capabilities, from the heads-up displays in fighter jet cockpits to the combat information centers on navy ships. Thus, leadership in electronic displays has become critical not just for a nation’s ability to field competitive enterprises in consumer electronics and information and communications technology (ICT) industries, but also to their national defense capabilities.

Shenzhen Dinsen Display Co., LTD based on strong technical support enviorment, keep inovation and pursue high quality and competitive price. We hope to display a better world with our company’s effort in the society.