The share of Chinese companies, which are quickly dominating the global display market, is predicted to reach 75% by 2028.
Korean companies are expected to continue slight growth; however, their global market share is likely to decline from a single-digit figure.
According to market research firm Counterpoint Research on the 2nd, China is expected to maintain its global lead by increasing its production capacity share from 68% in 2023 to 75% by 2028. The compound annual growth rate (CAGR) during this period is projected to be around 4.0%.
During the same period, Korea's share is expected to fall from 9% to 8%. The compound annual growth rate is expected to be around 0.6%.
Taiwan is predicted to see a compound annual growth rate of -2.3%, with its share declining from 19% in 2023 to 16% by 2028.
Japan's share, which was at 4% in 2023, is expected to plummet to 1% by 2028. This is attributed to Sharp closing its organic light-emitting diode (OLED) and liquid crystal display (LCD) lines sequentially since the third quarter of last year. Consequently, Japan's compound annual growth rate is anticipated to record -21.3%.