China OLED Market: Industry Analysis and Forecast (2024-2030)

China OLED Market Overview:

An OLED is a solid-state device consisting of a thin, carbon-based semiconductor layer that emits light when electricity is applied by adjacent electrodes. At least one of the electrodes is transparent for light to be able to escape the device. Improvements in OLED technology such as higher resolution, better brightness, and increased durability are making OLED displays more appealing to both consumers and manufacturers. Subsidies and incentives provided by the government in China greatly enhance the growth of OLED display manufacturing.

 

China OLED Market is rapidly increasing, with companies like BOE Technology Group and Tianma Microelectronics taking the lead. These companies have dedicated significant resources to building OLED production facilities and creating cutting-edge OLED technology, such as flexible OLED displays. Chinese OLED producers are in a good position to grab a large portion of the OLED market in China and keep impacting the OLED sector.

 

Chinese smartphone manufacturers like Huawei, Xiaomi, Vivo, and Oppo are incorporating OLED screens in their newest phones, but it seems they are getting these screens from Chinese suppliers. By 2024, China is projected to surpass South Korea as the leading OLED manufacturer, owing to increased investments from Chinese companies backed by government support. These are boosting the growth of OLED display manufacturing in China.

 

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China OLED Market Dynamics:

China's OLED Market Boost with Government Support and Major Investments from Top Electronics Brands

The increasing demand from consumers for premium, energy-efficient panels is driving the introduction of OLED technology in many electrical devices. Consumer demand is rising as OLED screens are being incorporated into more Chinese electronics products by firms like Oppo, Xiaomi, and Huawei. In 2024, it is expected that shipments of OLED panels for laptops, tablets, and smartphones will rise significantly. The surge is being driven by major Chinese display makers' active investments in state-of-the-art display technologies. China's OLED market momentum is being bolstered by these companies' rising involvement in the rapidly increasing semiconductor display sector.

• China's BOE also announced to invest $8.84 billion to build an 8.6-generation OLED display production line for IT gadgets in Chengdu, China.

 

• Samsung Display, LG Display and BOE Technology are also seen vying to get OLED panel orders from Apple for its new iPhone SE 4, expected to launch in 2025.

 

The Chinese government heavily supports OLED manufacturers with subsidies and other incentives boost domestic output. The "Made in China 2025" strategy places a strong emphasis on developing manufacturing technologies like OLED to increase China's technical self-reliance. Chinese companies are investing in R&D to develop OLED technology, which improves display quality and simplifies manufacturing. Technology parks and innovation centres are being established to promote cooperation and innovation in OLED technology, advancing advancement and competitiveness.

 

Most Popular Technologies Using OLED in China

Smartphones:   Chinese brands like Huawei, Xiaomi, Oppo, and Vivo frequently use OLED displays in their flagship and mid-range smartphones

Tablets: Tablets for better display quality, providing vibrant colours and deeper blacks, enhancing the overall viewing experience.

VR/AR Devices: OLED panels are preferred in VR and AR devices for their fast response times and high contrast ratios, which are crucial for an immersive experience.

Automotive Displays: OLED technology is being used in the automotive industry for dashboard displays and infotainment systems, offering better visibility and energy efficiency.

 

China OLED Market Segment Analysis:

Based on Type, the Display segment dominated the China OLED market and is expected to maintain its dominance through the forecast period (2024 - 2030) with an increasing CAGR of XX%. The OLED display market in China is seeing a considerable increase, fueled by growing consumer interest in top-notch, energy-saving screens. Almost all OLED displays on the market are produced using an evaporation-based process. The flexibility of OLED technology, allowing for curved or folded displays, enables innovative device designs that are particularly appealing to consumers.

Samsung Display covering of the market leader in foldable display technology driving development and maintaining high production yield rates. Since 2023, Chinese OLED makers have been progressively increasing their shipment shares. Notably Chinese flexible Gen6 Fab such as BOE’s B11, ChinaStar’s T4, and V3 are ramping up production of foldable displays, benefiting from improved yield rates and a growing customer base. The leading producer is Samsung Display, with a 41% market share. BOE has a market share of 17%, Tianma 9% and LGD 6%. The main reason for the rise in China production and a decline in Korea's is lower shipments to Apple and an increase in the adoption of OLEDs in Chinese smartphones.

China OLED Market Competitive Landscape:

In China, the competition in the OLED market is fierce, with BOE Technology, and Tianma Microelectronics, competing against global leaders like Samsung Display and LG Display. These companies are heavily investing in research and development to enhance future OLED technologies, with a focus on improving display quality, energy efficiency, and flexible designs. For instance, BOE Technology has dedicated $8.84 billion to construct a new OLED production facility in Chengdu, solidifying its position as a market leader. At the same time, Samsung Display, LG Display, and BOE are vying for significant deals, such as OLED panel orders from Apple for upcoming devices. The advancement of innovation hubs and partnerships with academic institutions is continuing to drive advancement, enabling these top companies to stay ahead in OLED technology and address changing consumer and industry demands.

 

• Tianma Microelectronics specializes in creating cutting-edge OLED displays for a range of uses, including smartphones and car displays, with a focus on flexibility and superior image quality.

 

China OLED Market Scope:

China OLED Market
Market Size in 2023	USD 14.20 billion.
Market Size in 2030	USD 28.03 billion.
CAGR (2024-2030)	10.2%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Type Display Lighting
	By Technology Passive-Matrix OLED (PMOLED) Active-Matrix OLED (AMOLED) Transparent OLED Top-Emitting OLED Foldable OLED White OLED
	By End Use Consumer Electronics Automotive Retail Aerospace & Defence Healthcare Others

 

China OLED Market Key Players

1. BOE Technology Group
2. Tianma Microelectronics
3. Visionox Technology
4. Samsung Display
5. LG Display
6. Others

 

For Global Scenario:

OLED Market: Global Industry Analysis by Market Share, Trend, Size, Competitive Landscape, Regional Outlook and Forecast (2024-2030)