Recently, my country's TFT LCD Display market has exerted its strength on both the supply and demand sides, and prices have continued to fall. According to relevant data, in the first half of this year, the price of TFT LCD Display fell by more than 15% compared with the same period last year. Industry insiders analyzed that this price drop was mainly affected by the following aspects:
1. Overcapacity and intensified market competition
In recent years, my country's TFT LCD Display production capacity has expanded rapidly, resulting in oversupply in the market. In order to compete for market share, major manufacturers have lowered prices in order to attract more customers. In addition, with the continuous maturity of technology, production costs have gradually decreased, which also provides room for price drops.
2. Raw material prices have fallen
The main raw materials of TFT LCD Display include glass substrates, liquid crystal materials, etc. In recent years, the prices of these raw materials have continued to fall, reducing the production cost of TFT LCD Display. With the reduction of cost pressure, manufacturers have greater room for price cuts.
3. Strong downstream demand
With the rapid development of 5G, Internet of Things, smart home and other fields, TFT LCD Display is increasingly used in various electronic products. The strong demand in the downstream market has driven the growth of TFT LCD Display production and further compressed the price space.
4. Policy support
The Chinese government attaches great importance to the development of the electronic information industry and has introduced a series of support policies. Under the guidance of policies, the TFT LCD Display industry has developed rapidly, and the competitiveness of enterprises has been continuously improved, which is conducive to reducing product prices.
The price drop of TFT LCD Display is undoubtedly a great benefit for consumers and downstream enterprises. On the one hand, consumers can buy high-quality electronic products at a lower price; on the other hand, the procurement cost of downstream enterprises is reduced, which is conducive to improving profitability.
However, the price drop also brings certain challenges. Industry insiders said that in the context of intensified market competition, TFT LCD Display companies need to increase technological innovation and increase product added value to cope with the pressure brought by price wars.
In the future, with the continuous development of my country's TFT LCD Display industry, product prices are expected to fall further. In this process, enterprises should seize opportunities, continuously improve their competitiveness, and contribute to my country's electronic information industry.