China tops automotive display market in 2020

What They Say

The Elec reported, based on data from Omdia, that China is now the biggest market for automotive displays as it is now the largest the market for vehicles.

LCD will remain the main technology with LTPS with integrated touch will replace a-si TFT LCD as the main segment. The automotive OLED market is nearly all LG, with the firm having 92.5% share, ahead of 6.9% for Samsung and 0.6% for BOE.

The report said that BOE is planning to supply 12.8-inch flexible OLED panels to Chinese automobile companies Nio and IM Motors around the end of the year.

Eugene Investment & Securities analyst Noh Kyung-tak said the automotive OLED market was worth US$1.8 billion in 2019 but will grow 16.5% a year on average up to 2023 to be worth US$3.2 billion.

What We Think

My Hangul is pretty poor, but as far as I can see the four legends in the chart below represent China, Japan, Korea and Taiwan, respectively. There’s a detailed timeline graphic in the article that might be useful to Korean speakers. (BR)

Omdia Automotive proc