Investment Rating - The report rates the new display panel industry in China with a positive outlook, indicating potential growth opportunities, particularly in MiniLED and MicroLED technologies. Core Insights - The new display panel industry is transitioning into a mature market, with MiniLED and MicroLED expected to drive future growth. The market size is projected to increase from 493 billion yuan in 2022 to 577 billion yuan in 2024, reflecting a year-on-year growth of 7% [5]. - The report highlights that MiniLED is currently the mainstream technology for television displays and XR applications, with a compound annual growth rate (CAGR) of 29.9% expected from 2022 to 2026 [5][8]. - The industry is characterized by high concentration, with the top six companies holding 88% of the domestic market share in LED chips [61]. Summary by Sections 1. Industry Status Analysis - The new display panel industry is defined and categorized into various technologies, including Micro LED, Mini LED, and OLED. Micro LED is identified as the future focus due to its advantages in brightness and contrast [4][5]. - The market size analysis indicates a decline in 2022 due to price drops and inventory adjustments, but a recovery is anticipated in 2024 [5]. - Key factors affecting display panel preparation include manufacturing processes and material quality, with a focus on reducing defect rates and improving yield [10][14]. 2. Industry Application Analysis - The industry chain is mapped out, showing the integration of upstream materials, chip manufacturing, and downstream applications [36]. - The report identifies significant market opportunities in professional display fields, commercial displays, and consumer electronics, with MiniLED and MicroLED technologies expected to dominate future applications [49][57]. - The report notes that the television and smartphone markets are facing challenges, while the XR market is experiencing rapid growth, with a CAGR of 30% [57][59]. 3. Trend Analysis - Energy-saving trends are becoming a core competitive advantage for companies in the LED display sector, driven by advancements in LED chip technology and power management systems [69]. - The report emphasizes the shift towards larger, thinner displays with smaller pixel pitches, as well as the integration of interactive technologies [73]. - Future developments in the industry are expected to focus on enhancing user experience through smart technologies and improved display quality [73].
2024年显示面板研究报告
亿欧智库·2024-11-01 03:30