It’s a leader! BOE beats LG to become top LCD maker for first time

By 2020, Chinese technology maker BOO accounted for the majority of the LCD panel market for smart TVs, surpassing LG Tone and become a leader in the segment for the first time, according to a study by the British research firm Omdia.

This leadership is expected to expand: BOO reached maximum production capacity for this type of screen in the first quarter of this year. However, this is not the BOEs first win in the technology industry; the company also surpassed giant Samsung in smartphone screen production in 2020.

The research showed that BOEs The LCD market share was 22.9% in 2020, an increase of 2.2% from 2019 data. LG Display, which used to lead the segment, recorded a 17.2% dominance in 2020, down a whopping 6.7% from 23.9% in 2019.

Third in the top three largest manufacturers of LCD displays was acquired by the Taiwanese company AU Optronics, which controls 11.9% of the market.

It’s a leader! BOE beats LG to become top LCD maker for first time 1

Cumulatively, these three brands accounted for 52% of the total LCD screen market in 2020. Besides BOO, however, there is one more Chinese company in the top five of the list: TCL, with a revenue increase of 2.5% for the year. past and dominated 8.8% of the market, replacing Samsung in fifth place.

It is also worth noting that, according to a survey conducted by the research firm CINNO Research, the sale of LCD panels for TVs reached 130 million units in the first half of 2021.

This is a growth of 2.5% compared to the same period in 2020. The LCD screen market is likely to set a new record and Chinese manufacturers will be largely responsible.

Leave a Comment