Benefiting from the home economy effect derived from the epidemic, the demand for IT products including LCD monitor products continued to burn. However, the supply of LCD monitor panels is facing the capacity squeeze of other products and the increasingly serious shortage of IC, resulting in the continuous expansion of the supply and demand gap.

According to the Display Research Department of TrendForce, the demand for IT products, including LCD monitor products, continues to grow, benefiting from the home economy effect derived from the epidemic. However, the supply of LCD monitor panels is facing the capacity squeeze of other products and the increasingly serious shortage of IC, resulting in the continuous expansion of the supply and demand gap. In addition, in 2021, Samsung Display (SDC) will fade out the supply of LCD panels. It is estimated that the market share will drop from 12% last year to 1%. In addition, factors such as the change of ownership of Nanjing Panda 8.5 generation line, other LCD panel manufacturers may Hope to get more opportunities from it.

Wang Jingyi, an analyst at TrendForce, said that, observing the development trend of major LCD monitor panel manufacturers in 2021, CSOT will become one of the beneficiary panel manufacturers to harvest Samsung Display's fading out. , and continue to expand production capacity and undertake the advantages of the demand for curved VA panels, its LCD monitor panel shipments are expected to double.

HKC is preparing to enter the LCD monitor panel market. It can provide VA, IPS and even TN products. With sufficient production capacity, it mainly sells Open Cell (panel semi-finished products). Its business model is related to foundry and self-made products. The demand of the mainly Korean brand factories coincides with the demand. If the mass production goes smoothly, its shipment volume will have the opportunity to exceed 10 million pieces. However, despite the large increase in the production plans of Huaxing and Huike LCD monitor panels, the shortage of component IC materials still exists, which will also affect the actual shipments of the two.

The largest LCD monitor panel manufacturer BOE (BOE), through the acquisition of Nanjing Panda’s 8.5-generation line, plus its own existing production capacity, will increase its market share from 26% in 2020 to 31% in 2021. The gap between the two LG Displays (LGD), the focus of follow-up operations will focus on improving the integration and integration of the Nanjing 8.5 generation line to maximize its advantages.

In addition to Huaxing and Huike's desire to increase supply, Samsung Display also intends to extend the production time. It is estimated that in 2021, the output of 1.1 million pieces will be fully supplied to the group's brands. In addition, LG Display's profit in LCD monitor panels has also continued to increase. In addition, customers have transferred orders for IPS panels from Samsung Display. Therefore, LG Display will also increase the production capacity of LCD monitor panels. The shipment target is expected to be revised upward. to 38 million. However, the first quarter was affected by the power outage of NEG's glass melting furnace, which may lead to a delay in the time point of its production capacity increase.

Driven by the strong demand for curved panels from brands, AUO will focus on increasing the production capacity of curved products. It is estimated that its market share of curved panels will be close to 50% in 2021. Benefiting from the strong demand for gaming and curved LCD monitors , and this year's plan to inject resources into LCD monitor products, AUO's share of global monitor panels is expected to rise to 18%. Innolux, on the other hand, has focused on improving the product structure of LCD monitors this year and increasing the gold content per unit area, so it strives to increase the proportion of shipments of large-size, IPS and gaming products.
Edit: hfy

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