At present, the world is actively deploying OLED production capacity. According to estimates by authoritative organizations, the global OLED panel market in 2022 will reach US$41.36 billion, which is three times that of 2016.
China's panel makers have great potential in the field of OLEDs. The first 6-generation flexible AMOLED production line built by BOE in Chengdu was officially released in October 2017 with a production capacity of 480,000 pieces/month. The sixth-generation flexible AMOLED production line built in Mianyang is expected to start production in 2019. In March this year, an announcement issued by BOE showed that it will invest in the sixth-generation flexible AMOLED production line in Chongqing.
In addition to BOE, domestic companies also include Huaxing Optoelectronics, Xinli and Tianma, which have also joined the OLED market. At present, the proportion of OLED production capacity in the world is still far behind that of South Korea. In 2015, the domestic OLED production capacity was only equivalent to 9% of the total global OLED production capacity. Some organizations expect this data to reach 28% by 2020, and China will become only The second largest OLED supplier in the world after South Korea.