1.Flexible AMOLED market in 2017 increased 3 times to 12 billion US dollars;
According to IHS statistics, flexible AMOLED displays shipped more than tripled in 2017 due to a sudden increase in demand, accounting for 54.6% of AMOLED panel shipments.
The flexible AMOLED panel market has expanded by approximately 250% from $ 3.5 billion in 2016 to $ 12.0 billion in 2017, while rigid AMOLED panel shipments have shrunk by 14% over the same period. Samsung Display Launches Flexibility for iPhone X in the Third Quarter of 2017 AMOLED display, which greatly contributed to the overall operating revenue increase.LGD, BOE and Kunshan WISSONO 2017 also began production of smart phones and smart watches with flexible AMOLED panels to help the market grow.
'The high-end smartphone brands are increasingly using flexible AMOLED panels for unique designs of their products,' said Jerry Kang, principal senior analyst at IHS Markit. 'The number of flexible AMOLED panel suppliers is also on the rise, but supplies Ability is still concentrated in the hands of Samsung show.
HS Markit's latest report shows that the demand for flexible AMOLEDs is not expected to grow as fast as supply by 2018. 'To some extent overcoming potential oversupply, many panel makers are developing a variety of innovative products in the coming years Forms, such as collapsible or curly, 'Kang said.
2.4K TV: About to popularize the threshold;
In the past two years, with the development of the Internet, broadband and big data, the digital economy has gradually opened its doors. As the focus of the home digital economy, 4K ultra-high definition television is being re-established in importance and 4K television has really entered into the development of gold Era.Data show that in 2017 China's 4K TV market penetration reached 58%, generally believed that when the 4K television penetration rate of 60% or more, it reached the level of popularity.
4K TV penetration rate will exceed 60%
According to the China Video Industry Association data, the market penetration rate of 4K TV in China has increased from 2% in 2013 to 58% in 2017. This 5-year period is the fastest 5 years for 4K television and in 2017 After that, the growth rate of 4K TV penetration will gradually slow down, reaching 71% by 2020. The industry generally believes that when 4K TV penetration is above 60%, it will reach the level of popularization.
Global 4K TV is not growing as fast as the Chinese market.Groupwise consulting data show that global UD TV (UHDTV) global shipment ratio was 12.9% in 2015 and 35.3% in 2017. According to the forecast data, 4K in 2018 TV global penetration will rise to more than 40%.
Choi Jilong, chief analyst at Orvital Cloud, believes that the Chinese market is growing faster than the global market because Chinese consumers are more willing to try new technology products. 4K TVs are clearer than 2K TVs, The quality of consumers, the purchase of 4K television is more intense.
Peng Yidong, general manager of Yee Hong Black, said LCD TVs around 2010 to replace CRT TV craze has passed 78 years, and now to another round of the tide when the crash, consumers are recognized television display technology to higher Resolution trends, so when buying a new machine, will naturally choose a higher resolution of new television, such as 4K television.Although the current 4K television programs and television drama in the past five years the supply is far less than the expected level of abundance So high, 4K TV has also been criticized by many as a 4K source can be seen, but from a technical point of view, even SD, HD programming or film source, the effect of viewing with 4K TV than 2K TV to be clear.
In fact, the upstream panel industry to drive advanced TV to the power of the 4K more powerful panel occupies the cost of the television machine Liuqi Cheng over the past few years, 8.5 generation LCD panel production line capacity to expand rapidly, large-size 4K panel shipments rose rapidly , Cost prices are also declining, followed by 4K TV prices plunged to the acceptable level of consumers, which further stimulating 4K TV sales in the end market.Group wisdom consulting data show that the first quarter of 2015, 55-inch 4K Panel price of 286 US dollars, the fourth quarter of 2017, the price fell more than 100 US dollars, 174 US dollars.
On the OEM side, the television industry is driven by display technology, but the TV makers are also very excited to see the sales of 4K TVs rising. 4K TVs are usually equipped with larger screens that are larger than 50 inches. The higher the profit the manufacturer receives, the profit rate of the color TV manufacturers declines year by year compared with that of the white color.In the first half of 2017, the net profit rate of the TV industry in China was less than 1% due to the sharp rise in the prices of raw materials and key components, Many enterprises are in a state of negative growth in performance.4K big-screen TV is one of the directions for the transformation and upgrading of mid-to-high-end TV manufacturers, and the return to the big-screen ultra-high definition market has become the main theme more and more.The 4K TV penetration rate of major brands is on the rise, Net data show Skyworth 4K TV penetration rate of 56%, Changhong, Konka 4K TV penetration rate of more than 50%.
Ultra HD is the future direction of development
It should be noted that although 4K TV penetration rate is close to 60%, which is at the popularization level, the penetration rate of 4K TV with different sizes is rather different, and the small and medium size 4K TV is relatively less, with less than 30% penetration rate. Inch 4K TV penetration is generally more than 60%. 55 inches above 4K TV penetration rate of 80%. The larger the size, the higher the permeability; the smaller the size, the weaker the presence of 4K.
Li Yaqin, general manager of Qunzhi Consulting, told reporters that the basic TV below 40 inches does not have 4K, and the penetration rate of 4K TV above 49 inches reaches more than 80%, which is basically saturated in this market. In the future, 4K TV will further penetrate to small and medium size, However, there is limited room for infiltration of more than 55 inches and further pressure for further development, and Peng Hsien-dong pointed out that at 40-inch and below, the best viewing distance for human eyes is 2K and 4K The effect of television is not that different to consumers, so doing 4K resolution on TVs under 40 inches is not really necessary.
4K TV to 8K TV advanced calls in recent months getting higher and higher.A forecast data show that by 2020, 65-inch 8K television market penetration will reach about 10% .At present, the market only Sharp introduced a 70-inch 8K consumer-grade TV. Overall, 8K television is one of the future direction of television development, but in the next 3-5 years, 4K TV is still the mainstream.
On a 55-inch TV, similar to what happens with TVs up to 40 inches, the 8K display and 4K display do not make much difference to consumers, and they have to reach 8K, with panel technology, process and display technology decided 65-inch is the starting size of 8K TV, while in the next 5 years, 65-inch TV market share of only 10% to 15%, and can not be Market mainstream.Hisin Han Xuewen, senior product manager, told reporters that the development of 8K television will not be as fast as 4K TV replaced 2K television so quickly, for a long time, 4K TV will be the mainstream.
4K TV remodeling industry ecological chain
For a long time, the evolution of the television industry has been driven by display technology, and hardware is a part of the primary value of color TV products, as mentioned above, which accounted for about 60% to 70% of the TV price The pros and cons of television products.The technological evolution and evolution of the screen has brought the development dividend to the television industry, but the impact caused by over-reliance on the screen is becoming more and more prominent in the current color TV industry.
Consulting agencies estimate that in 2017 the world's top six LCD panel makers annual profit will reach 14 billion to 15 billion US dollars, nearly 100 billion yuan over the same period, the color TV industry profits less than 2 billion yuan in the past five years, China's six largest Color TV corporate profit margins continued to decline from 3%, has been at a low level. To restore profits is an important issue for color TV enterprises.
In the past, color TV enterprises held the "hardware is king" thinking, relying entirely on the quality and differentiation of TV products for profit. Internet companies to enter the television industry to television manufacturers 'content is king' new thinking, to consumers The Education for All (HDTV), both hardware and content, has become more and more recognized by TV makers as the ultimate guide to 'experience is king', and this has given them a new direction of profitability. "4K TV is a great opportunity.
4K TV is also a smart TV. Smart TV is considered as the transformation and upgrading of color TV industry, reshaping the ecological chain is an extremely important export.In the intelligent era, TV manufacturers with intelligent operating systems, intelligent applications to create a new profit model. Ma Songlin, vice president of the hospital has revealed that most of the color TV manufacturers have turned to do a lot of Internet applications, rather than hardware.Li Yaqin told reporters today, TV manufacturers have extended their horizons and things connected with the terminal, intelligent operation, Interoperability with other smart devices has become even more important.
However, 4K content is an indispensable part of providing users with a complete 4K experience, and one of the 'non-hardware profitability' directions sought by TV manufacturers is the user-run, content-profit model.
For example, TCL and Tencent cooperation to provide Internet video content, Haier TV and Ali to provide 4K content cooperation TCL Operations Manager Zhan Jiawei told reporters that each sold a 4K TV, as long as the user has consumed the content on television, branded TV manufacturers There is the content of the split into the 4K TV can accelerate the generation of content to promote this mode of advancement, 4K-based home entertainment can also stimulate more cross-border and content-related innovation and the more big screen, the more High-definition television, the more the benefits of data consumption can be reflected because, when every household use 4K smart TV, the data circulation will be more and more large, based on the new format of data, smart innovation will bring a better future .
Last year, Guangdong Province, promulgated to encourage the development of 4K industrial chain preferential policies to accelerate the popularization of 4K industry.Domestic sources, the Guangdong government will color TV sets in Guangdong Province, manufacturers and distributors to sell 4K television to give the appropriate subsidies. The amount is not large, but its guiding role is obvious.Wu Wei, chief engineer of Skyworth Group Co., Ltd. believes that color TV enterprises are in transition, the support of the 4K industry chain in Guangdong Province is timely rain, will provide a steady stream of impetus to the future development of the enterprise. China Electronics News
3. Three high-generation line gradually mass production of LCD panel prices into a new round of down cycle?
The past three months, the three high-generation line has put into operation or lit display industry caused the close attention.According to the plan, the first half of this year, BOE Hefei 10.5th generation LCD panel production line and China's Xianyang eighth generation of LCD Panel production line, Chengdu, the first 8. 6 LCD panel production line will gradually mass production phase, by that time, the original LCD TV supply and demand will be broken, there may be overcapacity phenomenon if the relationship between supply and demand changes from 2018 The second half of the year, TV LCD panel prices may enter a new round of down cycle.
New production line capacity to become the key to overcapacity
With the commissioning of new production lines for television LCD panels and the upgrading or renovation of existing production lines, the production capacity of TV LCD panels has been continuously increased and the market supply capacity has been gradually enhanced. However, the television market has been steadily declining with slight declines in sales volume , LCD TV overcapacity will appear overcapacity.Polylady Peng, chairman of AU Optronics believes that the panel production capacity in mainland China has surpassed Japan, South Korea and Taiwan, the excess supply of LCD TVs will become the "new normal."
In particular, a production line of 10. 5 and two 8. 6 generation lines in 2018 will directly bring about an increase in the production capacity of TV LCD panels, which may become the key to affecting the original supply-demand relationship.
TV LCD panel production capacity increased year by year is very obvious, indicating that the industry seems to have reached a consensus.China Optics and Optoelectronics Industry Association LCD Branch Deputy Secretary-General Hu Chunming pointed out that the transformation or upgrading of the old production line will increase about 4% of capacity, new production capacity line May increase about 3%, 2018 TV LCD panel may increase production capacity of 7% .This and AU Optronics General Manager Cai Guo new forecast data coincide, Cai believes that 2018 TV LCD panel production capacity will increase 6 ~ 8%.
However, the demand for TV LCD panel was mixed with disagreement among panel makers, which were optimistic. According to Cai Guo-xin, large-size TV shipments will increase significantly with the start of a large number of international sports events in mid-2018. Plus more and more applications for large-size panels for consumer and commercial markets will result in a 6 to 8% increase in panel demand in the global market, while display industry watchers are very conservative and Li Yaqin, deputy general manager of Qunzhi Consulting, TV market is difficult to show substantial growth up to 2.5% growth in 2018, if the market is not likely to decline as in 2017. Hu Chunming also said that if the demand for television LCD panels more optimistic, it is possible to increase by 3 to 5% .
According to the panel makers, TV LCD panels will achieve a supply-demand balance by 2018. According to industry observers, oversupply may occur in 2018. The increase in production capacity of new production lines will become the key to over-supply, as China Optics Optoelectronics Industry Association LCD Branch provided data, if there is no new production capacity of the production line, in 2018 new capacity growth of about 4%, while market demand can increase 3 ~ 5%, the basic TV LCD panels to achieve supply and demand balance.
Production capacity of new lines like overcapacity valve, the size of the valve to determine the actual extent of excess capacity.IHS large panel chief analyst Wu Rongbing pointed out that in theory, people will be overcapacity in 2018. However, the new production line Yield will be a variable, if the yield is high, the phenomenon of panel oversupply will be more serious. If the yield increase period is longer and the new capacity is not big, the market pressure will be smaller.
Whether to enter a new round of down cycle remains to be seen
At present, the prices of TV LCD panels are continuing to decline, due to weak demand in the first quarter of 2018. There has been an oversupply situation in the first quarter of 2018. Li Yaqin pointed out that in the first quarter, 65-inch and 32-inch TV LCD panels were over-priced and the price pressure was relatively high.
If the new production capacity into the market, may lead to deterioration in the supply relationship, the panel prices fell further, it may lead to the TV LCD panel industry into a new round of down cycle.Hu Chun-ming pointed out that the last round of LCD TV downlink cycle Starting from the second half of 2015 and ending in the second half of 2016. Whether the new round of down cycle will be observed from the second half of 2018 will also be observed.
It is noteworthy that at present, 55-inch TV market penetration has been some improvement, the TV manufacturers are turning their focus to the 65-inch TV market.The new line capacity mainly concentrated in the 55-inch size segment market, especially the 65-inch panel market.
Recalling the past few years, 8.5 large-scale generation of the line promoted the popularization of 55-inch TV, 55-inch TV now almost become the standard living room.Li Yaqin said that in 2017 China's 55-inch TV market share has more than 25% Global market share has reached more than 15%.
2018 TV LCD panel will usher in a new starting point, in particular, a number of 10. 5 on behalf of the line of mass production will gradually push the 65-inch TV market to the popularity phase. Li Yaqin explained that 8.5 generations of the line through the cutting technology 65-inch panel can also be cut, but the more difficult to set cutting technology, less efficient, as cutting 55-inch panel profitability, so 8.5 on behalf of the line can only promote 55-inch TV market growth for the 65-inch TV market Heart of more than enough, while 10. 5 on behalf of the line can be economical to cut 65-inch panels, high cutting efficiency of 96%, can afford to popularize 65-inch TV market.
In other words, the new production capacity is not repeated 8.5 production line 55-inch production capacity, which accompanied by the size of the structure adjustment or upgrade to meet the downstream TV manufacturers a large demand for 65-inch panels, the second half of 2018 is also possible There will be a gentle transition, will not enter a new round of descent.
In the second half of 2018, LCD TV will not finally enter the new round of down cycle, which is ultimately determined by the operation of the new production line and the relationship between supply and demand.If the new production line runs smoothly, the production capacity will increase excessively and the supply-demand relationship will change May result in the panel price decline, to promote the TV LCD panel into a new round of down cycle, on the contrary, it will be a smooth transition .China Electronics News 4. Semiconductor into accelerated production of two shares continued to rise attractive!
China's first and the world's second 12-inch power semiconductor chip manufacturing and packaging and testing production base project - Chongqing Wan State Semiconductor Technology Co., Ltd., is expected to begin trial production in March 2018. The total investment of 1 billion US dollars, with production and sales , Chip design, wafer manufacturing, packaging and testing capabilities of the whole industry chain.
Market research firm IDC said in a recent report that global spending on robots and unmanned vehicles will reach 103.1 billion U.S. dollars, up 22.1% over the same period of 2010. 3. 2018 MWC BOE exhibited the world's largest size 110 Inch 8K ultra-high-definition display. BOE official said that 2018 is the first year of 8K, which is the so-called import period, by 2022 8K penetration rate will be universal.
Ruifeng Optoelectronics (300241)
An-core Fund, help the company to become the world's leading LED packaging and testing business Anxin Fund Optimistic about the Ruifeng photoelectric in the LED packaging and testing and lead the field of industry leading position and play a large fund, An-core funds in the semiconductor industry at home and abroad Layout advantages, strengthen the Ruifeng photoelectric technology, size and advantages of the industrial chain to promote its become the leading domestic and international leading semiconductor lighting packaging and testing and device companies.
National Star Optoelectronics (002449)
The Company's production capacity in 2017 expanded from about 6600kk at the beginning of the year to 8000kk at the end of the year, mainly based on RGB displays with high gross profit. As a result, net profit attributable to parent company was RMB357 million, up 85.69% over the same period of 2009. The Company will continue to expand its production in 2018, Considering the high growth rate of RGB display especially in the field of small pitch LED, the Company's production capacity is expected to further improve. 5. Taiwan LED plant attack plant annual output of 30 million tons plant;
Taiwan LED factory into the plant gradually see the success of the plant, due to the introduction of high-latitude regional market plant plant increased, Taiwan Plant last year, including crystal (2448) and so won the relevant orders to increase profits, plant plants currently stationed in plant applications Including Delta Electronics (2308), Lianzhan (3710), etc. The PIDA expects Taiwan's production to grow to 30 million tons this year.
PIDA said that at present, the major areas of plant development in the world include Japan, Taiwan, South Korea, Mainland China, the United States, France and Europe. Due to the consumers' demand for food safety and health and the unstable climate, the price and supply of vegetables are not stable And other factors, so that completely artificial light source plant plants have been concerned.From the small-scale cultivation to the private sector for the cultivation of economies of scale, in addition to safe and non-toxic cultivation of leafy vegetables, the controllable growth environment to provide functional, medicinal Crops developed good research conditions to stimulate the market activity.
Since the exhibition of plantation walls and related plants on display at the Taipei Flower Expo in 2010, crop plant cultivation has begun to attract attention. The first to be interested in this topic is the LED manufacturer, and the demand for LED lamps for plants is expected to be active Industrial Market PIDA said that according to industry survey results, the annual crop production in Taiwan's plantation factory was 2,500 metric tons with full production capacity and it is estimated to exceed 3,000 metric tons of annual output this year.
PIDA said that in addition to cultivating high-quality seedlings, the cultivation of Chinese herbal medicines, functional crops and special herbs will be the focus of opportunities and development for future plant factories.