China Expanding AMOLED Production

According to Digitimes Research, seven China-based panel makers have been expanding existing or setting up new AMOLED production capacities. Total annual capacity is estimated to increase from 272,000 m² in 2016 to 1.584 million m² in 2018. It is forecast to reach 4.464 million m² in 2019 and 7.864 million m² in 2020. This represents a compound annual growth rate of 131.9% from 2016 to 2020.

By 2020, it is expected that BOE Technology will be the largest China-based AMOLED panel maker accounting for 35.0% of total annual production capacity. Following on will be Tianma Micro-electronics with 17.6%, Visionox with 14.0%, EverDisplay Optronics (Shanghai) with 11.6%, China Star Optoelectronics Technology with 9.5%, Truly Opto-Electronics with 7.8% and Royole with 4.5%.

By comparison, Samsung Display and LG Display had combined annual production capacity of 4.945 million square metres for AMOLED panels in 2016 and the total capacity will increase to 15.130 million square metres in 2020 at a 2016-2020 CAGR of 32.3%. However, the two South Korea-based makers are focusing expansion on flexible AMOLED panels with the proportion of flexible production to increase from 46.1% in 2016 to 72.6% in 2020.