Large-area TFT LCD display unit shipments share worldwide 2016-2020, by manufacturer

BOE was the leading manufacturer of large-area TFT LCD display units worldwide in 2020, accounting for approximately 27.7 percent of global unit shipments. LG Display and Innolux Corp. rounded out the top three manufacturing companies that year, with a shipment share of 14.1 and 13.7 percent, respectively.

TFT LCD display technology

Thin-film transistor (TFT) displays are flat-panel LCD displays in which each pixel on the screen is individually controlled by one or multiple transistors. These transistors act as individual electronic switches that allow pixels to change state more quickly, resulting in faster response rates, clear resolution, and easily controlled vibrant colors. Global shipments of TFT LCD displays have increased in recent years, reaching an all-time high of over 771 million units in 2019. However, recent data projects a growing oversupply in the years to come, as consumer demand for large TFT LCD TV and monitor devices is not expected to meet production capacity.

BOE is heralding the new age of TFT technology

BOE Technology has shipped the largest quantities of large-area TFT LCD displays worldwide since 2018. The Chinese company provides interface devices, smart IoT systems and smart medicine technologies, but it is its work in the display industry that has helped the panel maker build a global reputation. With the commissioning of the world’s first gen 10.5 TFT LCD production line in 2018, BOE accelerated the mass production of large TFT LCD panels and surpassed its biggest competitor LG Display for the first time.