China’s OLED Screen Sector Hurting Rivals

Chinese display makers today account for more than 70 per cent of global LCD production capacity, according to the Washington-based Information Technology and Innovation Foundation (ITIF).

Now, China’s domination in the LCD space is spilling over into OLEDs too. Just five years ago, South Korean display leaders Samsung Display and LG Display held nearly 90 per cent of the market for smartphone OLED screens, data from market research agency Omdia shows.

As of this year, however, their combined share has sunk to less than 60 per cent, while that of Chinese display manufacturers, led by BOE, has surged to over 40 per cent. ITIF estimates the market share of Chinese OLED makers now exceeds 50 per cent.