6th generation LTPS panels bloom everywhere, domestic high-end screen challenges Japan and South Korea

In 2015, the competition for mobile phone brand specifications reached its peak, and the penetration rate of high-end mobile phones was greatly improved.

On the evening of February 16, TCL Group announced that the 6th generation LTPS panel production line of Wuhan Huaxing, with a total investment of 16 billion yuan, began trial production. At the beginning of February, Xiamen Tianma also announced that the 6th generation LTPS products are lit.

It is understood that LTPS (low temperature polysilicon) is the main panel of high-end models of companies such as Apple and Huawei. At present, the market share of Japanese and Korean companies is over 80%. Domestic companies such as TCL and Tianma have entered the 6th generation LTPS field, which has kicked off the domestic LTPS to grab the market share of Japanese and Korean companies.

According to CINNO Research, in 2015, the penetration rate of LTPS (including AMOLED display technology) panels in domestic mobile phone brands reached 37.3%. The self-sufficiency rate of this type of panel has also jumped 20%, and the market share has increased by 14% compared with 2014. Under the trend of the global panel industry moving eastward, the domestic high-end panel industry began to challenge Japan and South Korea, breaking the monopoly of high-end small-size display screens of overseas companies.

The proportion of domestic screens has risen

LTPS is regarded as one of the most promising mainstream display technologies in the global high-end application market, mainly used in high-end smartphones, tablets and other fields. For example, Apple, Huawei, Xiaomi, OPPO, and various flagship products under the vivo brand have adopted LTPS capacitive touch screens.

However, as a high-end panel, the national yield of LTPS is not high, and it is more dependent on overseas imports. At the beginning of February this year, CINNO Research statistics show that among the high-end panels (LTPS/Oxide) adopted by domestic mobile phone brands, the share of Japanese product suppliers totaled 50%, which was a 20% drop from 2014, but still dominated by the market. power. Among them, JDI's main domestic cooperative brands are Huawei and Xiaomi, which together use about 83% of JDI's domestic supply in the domestic market; Sharp's main domestic cooperative brands are Xiaomi and Meizu, which account for 89% of Sharp's domestic brand supply.

In addition, the Samsung LTPS panel has developed rapidly, jumping from the almost zero market share in 2014 to the second place in high-end screen suppliers, accounting for 22%. Among the top ten brands, OPPO and vivo, which have the strongest support, have reached 75% contribution.

According to comprehensive data, 87% of LTPS panel production capacity in the world is currently in the hands of Japanese and Korean companies, and more than 50% of LTPS capacity is mainly supplied to Apple.

In the small and medium-sized panel market such as smartphones and tablets, LTPS is one of the most competitive technologies. In the process of the eastward shift of the electronic manufacturing industry chain, domestic panel companies began to increase investment in LTPS panels. BOE, Tianma, Huaxing Optoelectronics and Shenchao have invested in construction, but mass production has not yet formed a scale. Starting in 2016, LTPS's reliance on overseas imports is expected to break.

Restructuring the market

In 2014, domestic panel companies swarmed and started to invest in LTPS. For example, Huaxing Optoelectronics invested 16 billion to build the 6th generation LTPS production line in Wuhan and Tianma built 6 generation LTPS production lines in Xiamen. After investing huge sums of money, 2016 began to enter the "picked fruit" stage. Xiamen Tianma and Huaxing Wuhan announced in February that LTPS panel products will be off the assembly line.

Huaxing Optoelectronics said that next step, Wuhan Huaxing Optoelectronics will accelerate the production line product yield improvement and capacity climbing, and strive to achieve mass production in advance. Wuhan Huaxing Optoelectronics can produce about 88 million high-end smart phones and mobile PC display panels every year. The output value exceeds 10 billion yuan.

In addition, Xiamen Tianma's 6th generation LTPS production line was also announced, and the first 5.5-inch FHD LTPS product was successfully lit. With the full production of Tianma Xiamen's 5.5-generation LTPS production line, Tianma has become the largest high-end mobile phone display supplier in China, and its market share has increased by 7% in the top ten smartphone brands to 12% in 2015. . Its 6th generation LTPS production line will be produced in small batches in the third quarter of this year. After the full production in 2017, plus the 5.5th generation LTPS production line, Tianma's production capacity will reach 10 million pieces per month.

In addition, Tianma Group's subsidiary Wuhan Tianma also has a G6 LTPS production line under construction. After the two production lines are fully produced, the Tianma LTPS capacity will exceed LGD and SHARP, second only to JDI. It can be seen that after the mass production of the 6th generation LTPS production line in China will reset the LTPS panel market pattern in the global market.

It is understood that Xinli Huizhou 4.5 generation AMOLED, AUO Kunshan 6th generation LTPS production line will be put into mass production. With the climb rate of Kunshan Visionox (Guo Xian) 5.5 generation AMOLED production line, Nanjing CLP Panda 8.5 generation IGZO and other production lines, it can be expected that the localization rate of high-end mobile phone panels will further increase rapidly.

Excess profit period has passed

Zhang Bing, director of Display search, told the reporter of "Daily Economic News" that the domestic LTPS relies on the Chinese market and has obvious advantages in supply chain integration. The mainstream specifications are not much different in quality and yield from Japanese and Korean products, and the scale of mass production is rising. After that, the cost and market advantages will form a substitution effect on Japanese and Korean products.

The world's major panel makers are targeting high-end mobile phone market demand, LTPS capacity expansion and yield improvement, which also narrowed the price difference between LTPS and a-Si (amorphous germanium) panels, which affected the profitability of manufacturers to some extent.

“The panel industry is very fast in technology iteration. The replacement of amorphous 矽 panel by LTPS panel is accelerating, and higher-order AMOLED technology is also entering the market quickly. The market expects that Apple 8 will use AMOLED and accelerate its popularization. The LTPS panel has been transferred to the Chinese market and the LTPS panel has been transferred to the Chinese market. The high-end LTPS production line has been launched on a large scale, mainly because the industry does not advance. Retired." Zhang Bing said.

However, the strong demand of the mobile phone industry is expected to drive the industry's prosperity for some time to come.

According to the latest research report of Industrial Securities, with the rapid penetration of FHD (Full HD) in mid-range mobile phones, shipments of LTPS TFTLCDs are expected to reach 711 million and 844 million in 2016 and 2017, up 29.4% and 18.6% respectively. The proportion of all mobile phone panel shipments will be 33% and 38% respectively. Considering the trend of large size of mobile phone panels, the growth rate of LTPS demand area should be larger than the growth of shipments. Therefore, the growth rate of LTPS demand area in 2016 and 2017 should be above 29.4% and 18.6% respectively.

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