BOE Technology outperformed LG Display to become the world's largest supplier of TV panels in the first half of 2018 with its shipments totaling 25.84 million units, according to China-based market research firm Sigmaintell.
BOE's ability to push the operations of its 8.5G fab in Fujian to full capacity and kick off the operations of its first 10.5G line was credited to the firm's robust shipment growth in the first half of 2018, said Sigmaintell.
LG Display ranked second with its TV panel shipments reaching 23.72 million units, down 3.4% from a year earlier. However, the firm has continued to lead in the large-size segments such as 55-, 65-, and 75-inch sizes. Meanwhile, LG Display has been enhancing its deployments in the OLED TV panel segment, having received approval to build its OLED line in Guangzhou and accelerated the migration of its 8.5G LCD lines to the production of OLED panels.
Innolux took the third position as it managed to ramp up its TV panel shipments by 7.4% on year to 20.74 million units in the first half of 2018.
Samsung Display ranked fourth in terms of unit shipments and second in terms of area shipments in the January-June period. However, the company has continued expanding shipments of large-size panels, particularly 65-inch models.
China Star Optoelectronics Technology (CSOT) ranked fifth with shipments totaling 19.1 million units, up 5.6% from a year earlier. The company has been focusing on shipments of 32- and 55-inch sizes, but has recently begun shipping more 43-inch panels.
AU Optronics (AUO) saw its share in the global TV panel market slide to below 10% in the first half of 2018 due to mounting competition from China-based rivals. The company is expected to see its market share edge up slightly in second half thanks to capacity ramps of its 8.5G lines.
Meanwhile, the average size of TV panels did not increase as expected in the first half and instead it has continued to decline in the past two quarters, Sigmaintell noted.
The average size was down by 0.1 inch sequentially to 43.6 inches in the first quarter of 2018 and dropped another 0.3 inch to 43.3 inches in the second quarter.
Most sizes of TV panels experienced significant price declines in the first half due to an imbalance between supply and demand, with 32-inch panels suffering the highest on-year decline of 31%, followed by 65-inch models at 25% and 55-inch products at 16.1%.