Exploring the World of LCD: Advantages, Major Players, Market Trends, and Emerging Technologies

LCD (Liquid Crystal Display) is a widely used display technology. It consists of a flat display screen made up of many pixels, each of which is controlled by liquid crystal molecules. The liquid crystal molecules can change their orientation by applying voltage, thereby controlling the propagation and rotation of light, and producing an image.

The main advantages of LCD technology are low power consumption, high resolution, high clarity, good contrast, and fast response time. Therefore, it is widely used in many electronic devices, such as smartphones, televisions, computer monitors, game consoles, and so on.

In recent years, the market shipment of LCD displays has maintained steady growth. According to data from market research companies, the global shipment of LCD displays reached 290 million units in 2019, and slightly decreased to 270 million units in 2020, mainly due to the impact of the COVID-19 pandemic causing a decline in market demand. It is expected that the market size of LCD displays will reach around 310 million units by 2025.

There are many LCD display manufacturers around the world, including the most famous ones such as Sharp, Samsung Electronics, and LG Electronics in Japan, and BOE, CSOT, and Innolux in mainland China. According to data from market research companies, BOE has a market share of about 24.4%, LG Display has a market share of about 21.4%, Samsung Electronics has a market share of about 17.8%, Innolux has a market share of about 12.3%, CSOT has a market share of about 11.6%, Sharp has a market share of about 3.9%, and other manufacturers have a market share of about 8.6%. It can be seen that BOE and Innolux in mainland China have a considerable market share in the global LCD display market, surpassing LG Display and Samsung Electronics in South Korea.

As a mainstream display technology, the development trend of LCD displays has received much attention. Currently, ultra-high resolution LCD displays such as 4K and 8K have gradually become popular. High refresh rate LCD displays can provide smoother display effects for electronic sports and video playback scenes. LCD display technology is constantly innovating and evolving, and emerging technologies such as OLED and Micro LED have gradually been applied and are expected to have more widespread applications in the future.

Some industry insiders believe that LCD display technology will continue to develop and innovate in the future, providing users with a better display experience as technology advances and market demand changes.