LCD Module Market Hits New High

The global liquid crystal display (LCD) module market entered a boom period featuring "stable volume and quality improvement" in 2025. According to the joint data from Statista and DisplaySearch, the global market size is projected to surge to 72 billion US dollars, with a compound annual growth rate (CAGR) maintaining at around 5.8%. Although OLED continues to penetrate the high-end consumer electronics sector, LCD still accounts for over 65% of the global display panel shipment area by virtue of its mature technology and cost advantages, remaining irreplaceable in medium-to-large size applications and industrial scenarios.

China's industrial advantages have become increasingly prominent: in the first half of 2025, the revenue share of mainland panel enterprises in the global market exceeded 52% for the first time. BOE and TCL Huaxing firmly maintained their positions in the global first echelon, with operating profits both reaching the scale of 600 million US dollars. The localization rate of key upstream materials such as glass substrates and driver ICs has been significantly improved, driving down the overall industrial chain costs by 12% to 15%, and providing cost-effective solutions for the global market.

1. Multi-scenario Boom Drives Growth, with Automotive and Industrial Sectors as the Dual Growth Engines

While the traditional consumer electronics market maintains steady progress, emerging scenarios have become the core driving force for growth:

Automotive Displays: The global market size is expected to reach 5.68 billion US dollars in 2025, representing a 63.4% increase compared with 2020. The average number of screens equipped per new car has risen to 3.2 units. Visionox has supplied products to NIO and Zeekr, ranking fourth globally and second in China in terms of automotive panel shipments, and has also entered the supply chains of high-end European automakers.

Industrial and Medical Fields: Demand for high-brightness and wide-temperature-range modules has surged. The market size of the industrial control sector will hit 3.45 billion US dollars in 2025. Shenzhen Saishida's customized solutions meet the 8K resolution requirements of CT equipment, improving diagnostic accuracy by 30%.

Export Performance: In the first two months, the export volume of Fujian Province reached 3.13 billion yuan, a year-on-year increase of 12.8%, with export growth to emerging markets such as ASEAN exceeding 33%.

2. In-depth Restructuring of Industrial Pattern, Chinese Enterprises Lead Globalization

The global LCD industry is undergoing profound regional restructuring: Samsung and LG of South Korea have basically withdrawn from LCD production capacity, while mainland China has raised its capacity share to 62% through the construction of high-generation production lines. Against this backdrop, Chinese enterprises are accelerating their global layout: BOE has built a module base in Vietnam, and TCL Huaxing has collaborated with Indian brands to explore emerging markets, which helps avoid trade barriers while getting closer to end-user demands.

Policies and standard systems continue to provide support: the 14th Five-Year Plan clearly promotes the upgrading of LCD towards high resolution and low power consumption, and many regions have granted special subsidies for Mini LED research and development. National standards such as General Technical Requirements for LCD Module Products have been aligned with international IEC standards, facilitating product exports.

Outlook: The Era of Value Enhancement is Arriving

Industry experts point out that the LCD module industry is shifting from "scale expansion" to "value enhancement". In the next three years, technologies such as Mini LED backlight and flexible LCD will continue to reduce costs, forming direct competition with OLED in the TV market above 65 inches. The in-depth development of scenarios such as automotive multi-screen interaction and medical precision display is expected to push the industry's annual growth rate to exceed 8%. Whether Chinese enterprises can maintain their advantages in technological iteration and global layout will become the key to winning the future competition.