MIIT of China: The revenue of the display industry exceeded 586.8 billion yuan last year

Yang Xudong, deputy director of the Electronic Information Department of the Ministry of Industry and Information Technology(abbreviate:MIIT), recently stated that the new display industry is the terminal foundation of the information age and a key field of the digital economy, and is an important part of the modern industrial system.

With the strong support of the state and the joint efforts of the whole industry, my country’s new display industry has achieved remarkable results in recent years. my country has become an important pole of the global new display industry, making important contributions to global economic development and adding luster to people’s lives-LED Display Supplier

Liang Zhifeng, Director of the Bureau of Small and Medium Enterprises, Ministry of Industry and Information Technology, is experiencing the XR experience with the mini LED display

Liang Zhifeng, Director of the Bureau of Small and Medium Enterprises, Ministry of Industry and Information Technology, is experiencing the XR experience with the mini Outdoor LED display

Yang Xudong said that with the joint efforts of all parties involved in government, industry, academia, research and application, my country’s new display industry has maintained a sustained high-speed growth trend, the scale of display panel production capacity has been further improved, the resilience of the industrial chain and supply chain has steadily increased, and the industry as a whole is on the rise. This can mainly be judged from the following aspects:

First, the scale of the industry continues to expand. In 2021, new investment in the new display industry in mainland my country will be 193.23 billion yuan, a year-on-year increase of 36.6%, and the input production capacity will reach 211 million square meters, a year-on-year increase of 23.4%.

The annual revenue of the display industry reached 586.8 billion yuan, a year-on-year increase of 40.5%, of which display panel revenue was 451.8 billion yuan, a year-on-year increase of 39.2%, and the display panel shipment area reached 161 million square meters, a year-on-year increase of 19.3%, accounting for 63.3% of the world %.

In 2022, despite the downturn in the industry cycle and the decline in display panel prices, my country’s display industry still shows strong industrial resilience and shock resistance. In the first three quarters of 2022, the shipment area of ​​panel companies in mainland China reached 120 million square meters, and the market The market share exceeded 67%, a record high.

Second, the industrial structure has been continuously optimized. In mainland China, there are layouts in display technologies such as TFT-LCD, AMOLED, Micro-LED, mini-LED, laser display, and electronic paper, and the industrial structure is becoming more and more reasonable.

The leading advantage in the TFT-LCD field is obvious, the mass production capacity of AMOLED has been continuously enhanced, the electronic paper display technology has achieved mass production, and the application of display products in the fields of smart terminals, vehicles, cultural tourism, and supermarkets has been further expanded. Innovative achievements such as Micro-LED, printed display, and laser display continue to emerge, new technologies continue to make breakthroughs, and technical reserves are significantly enhanced.

Third, the resilience of the industrial and supply chains has steadily increased. The upstream and downstream of the industrial chain cooperate closely, the coordination mechanism is continuously improved, and the allocation of all factors is continuously optimized. Significant progress has been made in the coordination level of the industrial chain and supply chain.

In 2021, the level of nearby key materials for LCD display will reach 70%, and it is expected to exceed 75% in 2022. Upstream and downstream enterprises in the global industrial chain actively come to China to build factories and establish close cooperative relations with domestic enterprises to drive the sustainable and healthy development of the global display industry.

TAG: FLEXIBLE LED DISPLAY SCREEN | STADIUM OUTDOOR LED SCREEN

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