ITIF：2024中国电子显示行业创新研究报告（英文版）（30页）.pdf

1、 itif.org How Innovative Is China in the Display Industry?STEPHEN EZELL|SEPTEMBER 2024 Chinese companies have become leading innovators in display technologies,in addition to becoming the largest global producers.Chinas display industry has grown as a result of extensive subsidies,rampant intellectu

2、al property theft,and economies of scale.KEY TAKEAWAYS Chinese enterprises global share liquid crystal display(LCD)production has reached 72 percent,while their share of organic light-emitting diode(OLED)production has now surpassed 50 percent,both starting from under 1 percent the decade before.Fro

3、m 2020 to 2027,analysts expect Chinas global share of capital expenditure(CapEx)investments in display technologies to average about 85 percent,with Chinese companies accounting for over 90 percent of the sectors CapEx by 2027.Chinese LCD and OLED makers,long second fiddle to South Korean leaders,ar

4、e increasingly winning innovation awards in the sector with novel display products.The R&D intensity of top Chinese firms in the“technology and electrical hardware and equipment”sector increased 646 percent over the past 10 years,compared with a 67 percent increase for U.S.firms.Chinese display make

5、r BOE alone received an estimated$3.9 billion in subsidies from Chinese national and provincial governments over the past 12 yearsand in 2022 alone,the company was the third-largest recipient of Chinese government subsidies.Chinas massive subsidization of the industry has driven down prices(and thus

6、 profitability)in the sector,knocking many foreign competitors out of the market or precluding would-be competitors from entering.Chinese firms capabilities in display technologies are likely to spill over into semiconductor capabilities,because process similarities between the technologies are clos