China's "screen" strength goes beyond the circle 1
According to the latest report, the market size of China's terminal LCD Flat Panel Display industry has reached a staggering 86.034 billion yuan in 2024. At the same time, the global terminal LCD Flat Panel Display market has also shown a steady growth trend, and is expected to continue to expand at a compound annual growth rate of 4.32% in the next few years. It is expected that by 2029, the global market size will soar to 111.043 billion yuan.
"Exports reached US$4.34 billion, up 5.6% year-on-year." In the first two months of 2025, China's exports of LCD Flat Panel Display modules got off to a good start. As an important component of electro-mechanical products, display panels occupy a core position in new display and intelligent terminal devices. They are widely used in terminal devices such as TVs, computers, mobile phones, and tablets. They are key components for realizing the display function of devices. The growth of its market demand not only reflects the continuous upgrading trend of electronic products at the application end, but also highlights China's important position in the global display industry. With the continuous evolution of global display technology, the importance of flat panel display modules in electro-mechanical products has become increasingly prominent, becoming an important force in promoting the growth of China's electro-mechanical product exports. At present, the global flat panel display industry as a whole is showing an expansion trend. Last year, large-size demand represented by TVs and IT equipment rebounded, the penetration rate of OLED screens in smartphones increased significantly, and emerging demands such as in-vehicle displays drove the global LCD Flat Panel Display industry market to rebound. As the main production base of global display devices, China, with its complete industrial chain and technological innovation capabilities, will hit a record high in terms of export volume and export value of LCD Flat Panel Display modules in recent years in 2024, further consolidating its position in the global market. Data shows that in 2024, China's export volume of LCD Flat Panel Display modules reached 1.893 billion sets, an increase of 11.9% year-on-year, and the export value reached US$29.03 billion, an increase of 9% year-on-year, achieving a trade surplus of US$16.54 billion.
Although the export volume and export value increased significantly, the average export price of China's LCD Flat Panel Display modules in 2024 fell year-on-year for the third consecutive year, with an annual decline of 2.5%. "This phenomenon is mainly affected by the downward trend in the price of semi-finished products of LCD TV panels.