Shenzhen Risingstar Outdoor High Light LCD Co., Lt
With the TV, computer and smartphone markets saturated, LCD panel producers are increasingly dependent on vertical markets such as industrial and medical devices, aerospace and automotive.
Fortunately, the price of LCD panels is stabilizing and even declining slightly. This trend has benefited the market, bringing more opportunities and development, but also means that manufacturers should focus on improving the level of technology and reducing costs to meet the fierce market competition.
The smart home market continues to grow
The application of LCD panels in smart homes is also showing an increasing trend of growth. In 2019, the global smart home market reached $10.74 billion and is expected to reach $33.835 billion by 2025, with an average annual growth rate of 17.3%.
As an important element in smart homes, liquid crystal panels have developed rapidly. Applications such as wearables, voice recognition systems and smart appliances will further drive the growth in demand for LCD panels.
The development of flexible OLED screens
As mobile device users demand larger, sharper screens and higher pixel density, the market demand for flexible OLED screens continues to grow. Flexible OLED screens have promising applications in foldable mobile phones, bendable TVS and computer screens.
At present, LCD panel manufacturers such as RisingStar and RisingStar are accelerating the development of OLED screens and plan to launch mass production by next year. With the further development of technology and the reduction of production costs, flexible OLED screens will further promote the development of the LCD panel industry.
All in all, the LCD panel industry is facing fierce market competition. In this competition, LCD panel manufacturers must constantly update technology, improve quality and reduce costs in order to maintain an advantage in the market competition. At the same time, expanding the application field of LCD panels under the new market trend is also an opportunity that the LCD panel industry should focus on
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