Development Status of Panel Industry in China

With the increasing demand of global electronic products, panel industry, as one of the core components of electronic products, has also ushered in unprecedented development opportunities. As the largest panel producer in the world, the development of China's panel industry has an important impact on the global panel market.

The market scale of panel industry in China is expanding. With the rapid development of consumer electronics, automotive electronics, smart home and other fields, the demand for panels continues to grow. As the largest electronic product production and consumption market in the world, China has a strong demand for high-quality and high-performance panels, which provides a broad market space for the development of domestic panel enterprises.

The technical level of China's panel enterprises is constantly improving. With the support of national policies, domestic panel enterprises have increased their investment in R&D, introduced advanced technology and trained technical talents, and gradually achieved a leap from parallel to leading. At present, many domestic enterprises have made breakthroughs in high-end fields such as AMOLED and flexible display, and gained international competitiveness.

The industrial structure of panel industry in China has been continuously optimized. After experiencing the early blind expansion and disorderly competition, domestic panel enterprises began to pay attention to industrial structure adjustment and transformation and upgrading. Through mergers and acquisitions, capacity integration and other means, the concentration of the industry has gradually increased and the allocation of resources has become more reasonable. At the same time, the expansion of emerging application fields has also injected new vitality into the development of the industry.

However, the development of panel industry in China still faces some challenges. The first is the competitive pressure with international giants. Although domestic enterprises have certain strength, they still need to catch up in high-end market and technology research and development. Secondly, the industrial chain is not perfect. Domestic panel enterprises have a high degree of external dependence on materials and equipment, which restricts the independent development of the industry. Finally, environmental protection and energy efficiency issues. With the expansion of production capacity and the increase of energy consumption, environmental protection and energy efficiency standards have become one of the key factors for industry development.