According to research firm Omdia, the total demand for IT display panels is expected to reach approximately 600 million units in 2023. China's LCD panel capacity share and OLED panel capacity share have exceeded 70% and 40% of global capacity, respectively.

After enduring the challenges of 2022, 2023 is set to be a year of significant investment in China's display industry. It is estimated that the total scale of newly-built production lines will exceed hundreds of billions of CNY, propelling the high-quality development of China's display industry to a new level.

In 2023, the investment in China's display industry exhibits the following characteristics: 

1. New production lines targeting high-end display sectors.For instance：

· BOE's 29 billion CNY investment in an LTPO technology display device production line has commenced.

· CSOT's 8.6th generation oxide semiconductor new display device production line has entered mass production.

· BOE's 63 billion CNY investment in an 8.6th generation AMOLED production line in Chengdu.

· CSOT's groundbreaking of the world's first production line using printed OLED technology for display panels in Wuhan.

· Visionox's flexible AMOLED module production line in Hefei has been lit up.

2. Extending into high-value-added areas such as upstream glass and polarizing films.

· Caihong Display's (Xianyang) 20 billion CNY G8.5+ substrate glass production line has been ignited and put into operation.

· Tunghsu Group's 15.5 billion CNY ultra-thin flexible glass project in Quzhou has begun construction.

· China's first one-step forming ultra-thin flexible electronic glass (UTG) production line has been put into operation in Aksu, Xinjiang.

3. Accelerating the development of the next-generation display technology, Micro LED.

· BOE's Huacan Optoelectronics has started the construction of a 5 billion CNY Micro LED wafer manufacturing and packaging testing base project in Zhuhai.

· Vistardisplay has laid the foundation for a TFT-based Micro LED production line in Chengdu.

As one of the top 10 professional display manufacturing companies in China, Perfect Display has established deep strategic partnerships with major panel companies in the upstream of the industry chain. We are committed to providing our global customers with professional products and services.