电子行业周报：大陆OLED面板全球份额达49%，9月或为智能眼镜密集发布期

Investment Rating - The report maintains an "Overweight" rating for the electronics industry [3] Core Views - In the first half of 2024, mainland China's OLED panel shipments reached approximately 200 million units, capturing 49% of the global market share. The demand for rigid OLED smartphone panels improved significantly, with shipments reaching about 120 million units, a year-on-year increase of approximately 91%. Meanwhile, flexible OLED smartphone panel shipments reached about 280 million units, with a year-on-year growth rate of 31% [3][17] - The global market share of Samsung and LG combined is approximately 50.90%, a decrease of about 7 percentage points year-on-year. In contrast, mainland China's OLED panel manufacturers achieved a global market share of about 49%, with BOE, Visionox, TCL Huaxing, and Tianma holding market shares of approximately 16.0%, 10.3%, 9.5%, and 9.3%, respectively. Except for BOE, which saw a year-on-year decline, Visionox, TCL Huaxing, and Tianma's market shares increased by 3.1, 4.7, and 2.2 percentage points, respectively [3] - The report highlights the rising interest in AR technology, with multiple smart glasses expected to be released in September. According to TrendForce, the compound annual growth rate (CAGR) for AR device shipments from 2023 to 2030 is projected to be 67%. Notable brands like Apple and Meta are planning related products, and Chinese manufacturers are also actively investing in this area [3][17] - The report suggests that the ongoing domestic production of OLED smartphone panels is likely to provide a favorable environment for the localization of upstream OLED materials. Domestic OLED material manufacturers such as Lite-On and Aolide have shown strong performance in the first half of 2024, with revenues of 212 million yuan and 214 million yuan, representing year-on-year growth rates of 62.82% and 48.01%, respectively [3][29] Summary by Sections Market Review - The SW electronics index fell by 2.86% in the week of August 19-23, underperforming the CSI 300 index by 2.31 percentage points. Among six sub-sectors, the performance varied, with Other Electronics II up by 3.16% and Electronic Chemicals II down by 4.90% [7][9] Industry News - The report notes that by 2030, AR device shipments are expected to reach 25.5 million units, with LEDoS technology becoming mainstream. The CAGR for AR device shipments from 2023 to 2030 is projected at 67% [17] - It is anticipated that by 2031, the demand for LTPO OLED display panels will reach 520 million units, with a market share of 52% in the smartphone OLED display panel shipments [18] - TSMC has begun construction on its first 12-inch wafer fab in Europe, located in Dresden, Germany, with a focus on automotive chips [19] Company Announcements - Key companies reported significant revenue growth in the first half of 2024, with Chipsea Technology achieving 350 million yuan (up 121.88% YoY) and Lite-On achieving 246 million yuan (up 73.65% YoY) [29][30]