By Li Panpan

Panel manufacturers in the Chinese mainland ranked first with 84 million shipments and a 67% global market share a record high in the first half of 2022, according to the latest report of research agency RUNTO Technology.

The panel makers Innolux and AUO saw their shipments decline, with a combined market share of 18%, slightly higher than Japan and South Korea’s combined total of 15%, said RUNTO as reported by the Taiwan region's Economic Daily. The market expects that panel makers are likely to set off a wave of mergers in the next three years.

Image source: flickr.com

The RUNTO’s “Monthly Tracker of the Global LCD TV Panel Market” said that in the first half of this year, the global shipments of LCD TV panels larger than 32 inches was 125 million, with manufacturers BOE(京东方), TCL CSOT(华星光电), and HKC(惠科) from the Chinese mainland in the top three positions.

The report gave four categories of the top ten manufacturers based on their shipments, where BOE ranks the first with more than 30 million shipments, TCL CSOT and HKC with more than 20 million shipments, Innolux and LG Display (LGD) with ten million shipments, and AUO(8 million), Sharp(6 million), and other three with less than 10 million shipments.

The report expects that before September this year, the utilization rate of major panel factories will be lower than 75% because main sizes of TV panels have fallen below the cash cost, and panel factories have started mass production cuts.