Yasuo Nakane

FPD Industry Outlook

The FPD industry has started to enter a consolidation phase. For large FPDs, Chinese manufacturers have been aiming to dominate the LCD industry, and South Korean makers have been looking to transition to OLED and μLED, but it will likely take time for these efforts to boost earnings. For small and medium FPDs, Samsung Display has overwhelmed its rivals given the shift to OLED, but Chinese companies have been catching up. To better understand the direction of the overall FPD industry and changes in the balance of power, we analyzed the value chain, including components and finished products (e.g., smartphones and TVs), from both a geographic and technology standpoint.