In the first half of this year, the consumer electronics market lacked upwards momentum, leading to intense competition in the panel industry and an accelerated phase-out of outdated lower-generation production lines.

Panel manufacturers such as Panda Electronics, Japan Display Inc. (JDI), and Innolux have announced the sale or closure of their LCD panel production lines.In August, JDI announced the closure of its LCD panel production line in Tottori, Japan by March 2025. 

In July, 76.85% of Panda Electronics' equity and debt rights were publicly listed for sale on the Shenzhen United Property Exchange.

After 2023, scale competition will no longer be the main form of industry competition. The main competition will shift to efficiency competition.

With further differentiation in technological layout, the regional competitive landscape is being reshaped, leading to fundamental changes in the form of industry competition.Future competition will mainly focus on two aspects: price and profit competition, and competition in application markets, especially emerging ones.Considering the relatively small fluctuations in market demand for the panel industry and the long investment cycles for new production lines, the industry exhibits strong cyclical characteristics.

Currently, it is observed that global overall capacity will remain relatively stable in the next 3-5 years, and the panel industry will not experience significant fluctuations. Leading companies are expected to maintain good profit margins.