For the rest of the Asia-Pacific region, South Korea's share is expected to decline slightly to 8% in 2028 from 9% in 2023, and Taiwan's share is expected to decline to 16% in 2028 from 19% in 2023. Japan, for its part, is expected to fall from 4% in 2023 to 1% in 2028 due to Sharp's closure of the Oled SDP G10 and G4.5 production lines (Sakai Display Products) in the third quarter of 2024, the JDI Tottori LCD plant (Japan Display Inc.) in the second quarter of 2025, and the planned closure of the JDI Mobara LCD plant in the second quarter of 2026. Finally, India is expected to postpone its investments after 2028, with operations scheduled to start in 2030.
Focus on the market shares of the different screen categories££££
According to Counterpoint Research, [abc]LCD[/abc] TVs and monitors will continue to dominate the market with a market share of at least 73% during this period, followed by mobile LCD screens (smartphones, tablets, computers, consoles, etc.) with a share of at least 14%. The market share of mobile [abc]Oled[/abc] screens (smartphones, tablets, computers, consoles, etc.) should represent 7% by 2028, while that of Oled TV screens and computer monitors would remain at 4%. Namely, the mobile OLED display market share is expected to grow the fastest between 2023 and 2028, with a CAGR (compound annual growth rate) of 6.7%, followed by OLED TV and computer monitors at 2.6% and LCD TV and monitors at 2.4%.
Top 5 Display Producers££££
While China's BOE is expected to maintain a considerable advantage in terms of total display capacity, its CAGR between 2023 and 2028 would not exceed 1.6%. China Star (CSOT, a subsidiary of TCL), which overtook LGD (LG Display) in 2022, ranks second. HKC is in third place, having overtaken LGD in 2023, which was simultaneously reducing its LCD capacity. In fifth position, Tianma is expected to experience the fastest growth with TM18 and TM19, with a CAGR of 20% to reach 3% market share in 2028.