Gamingdeputy reported on April 30 that according to the “Global LCD TV Panel Market Monthly Tracking” report released by RUNTO,In the first quarter of 2024, global large-size LCD TV panel shipments were 56.5M pieces, a year-on-year increase of 1.3% and 11.3% respectively; the shipment area reached 41.0M square meters, a year-on-year increase of 9.6%, a month-on-month increase of 5.6%.
It is reported that large-size panels have great advantages in three aspects: capacity consumption, revenue and profit. In the first quarter of this year, shipments of ultra-large LCD TV panels of 75 inches and above increased by 32.6% year-on-year. Among them, the combined shipments of the two major sizes, 98-inch and 100-inch, experienced an explosive growth of 350.0% compared with the same period last year.
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The report shows,In the first quarter of this year, the top three TV panel manufacturers in mainland China cut production in order to stabilize the market, resulting in a decline in their global market share.. In the first quarter, the combined market share of Japanese and Korean panel factories was 13.4%, a year-on-year increase of 4.2 and 1.4 percentage points, respectively, due to the drastic adjustment of production capacity of mainland panel factories. The combined market share of Taiwanese panel manufacturers Innolux and AUO in the first quarter of this year was 20.4%, a slight increase; their combined shipments increased by 3.3% and 10.2% respectively compared with the same period last year.
Within the scope of statistics, the world's eight major panel manufacturers have seen a half-way increase in shipments. Among them, those with year-on-year growth include: Japanese and Korean-based Sharp (Sharp) and LGD (LGD), Taiwanese-based AUO (Friendly Optoelectronics) and mainland-based CSOT (China Star Optoelectronics). ).
BOE (BOE) shipped approximately 13.2 million pieces in the first quarter, a year-on-year decrease of 6.0%, a month-on-month increase of 11.0%, and a market share of 23.4%, a year-on-year decrease of 1.8 percentage points.
Mainland panel manufacturers CSOT and HKC shipped approximately 11.5 million pieces and 9.3 million pieces respectively in the first quarter, with one increase and one decrease year-on-year. CSOT increased by 1.4% and HKC decreased by 8.4%. Their market shares were 20.4% and 16.5% respectively.
Taiwanese panel manufacturer Innolux shipped approximately 7.7 million pieces in the first quarter, down 5.8% year-on-year; its market share was 13.7%, down 1.0 percentage points from the same period last year.
Japanese manufacturer Sharp shipped approximately 4.4 million pieces in the first quarter, a significant increase of 59.6% and 24.7% year-on-year respectively. The year-on-month growth ranked first in the industry, with a market share of 7.9%, an increase of 2.9 points year-on-year. percentage point.
Taiwanese manufacturer AUO shipped approximately 3.8 million pieces, a year-on-year increase of 28.5% and 4.1% respectively, with a market share of 6.7%.
Mainland manufacturer CHOT (Rainbow Optoelectronics) has only one G8.6 production line, and its shipments were approximately 3.4 million pieces, a year-on-year decrease of 14.8%.
Korean manufacturer LGD's Guangzhou factory halved its production capacity at the beginning of last year. Currently, the wafer production volume has recovered significantly. In the first quarter, it shipped approximately 3.1 million wafers, a significant year-on-year increase of 34.6% and 22.8% respectively.
The number one shipment in the first quarter of this year was 32-inch products, with shipments of approximately 12.9 million pieces, a year-on-year decrease of 11.2%, and a market share of 22.8%, a decrease of 3.2 percentage points from the same period last year.
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42/43-inch shipments ranked second in the first quarter, with shipments of approximately 11.5 million pieces, a year-on-year decrease of 1.9%; the market share was 20.4%, a slight decrease of 0.7 percentage points year-on-year. The supply of this size is relatively single, mostly produced by the three major panel manufacturers in mainland China, with BOE relatively controlling the panel.
55-inch shipments increased significantly by 27.2% year-on-year to about 9.4 million pieces, ranking third and second in growth. The market share increased by 3.4 percentage points year-on-year to 16.6%, accounting for the largest increase among all sizes.
65-inch shipments increased by 16.1% year-on-year to approximately 6.7 million pieces, with a market share of 11.9%, ranking fourth, an increase of 1.5 percentage points from the same period last year.
Approximately 3.3 million 75-inch pieces were shipped, a significant year-on-year increase of 26.5%; approximately 1.6 million 75-inch and above pieces were shipped, a year-on-year increase of 47.3%the first increase.
Gamingdeputy previously reported that in the Chinese TV market, branded complete machine shipments reached 8.44 million units in the first quarter of 2024, a decrease of 0.9% from the same period in 2023. There was news of a trade-in action plan before, but the central government decided in April that it would not subsidize home appliances and encouraged qualified local governments to implement the action. It is expected that the action will have limited stimulus for color TVs. RUNTO predicts that China’s TV market retail sales are expected to drop by 4% to 6% due to the June 18th holiday in mid-year.