In the flexible display market, BOE already ranks second in the world, with a market share of 20.3 percent, said Chang Cheng, vice president of BOE Group, adding that the flexible display market is predicted to reach $49.7 billion by 2024, and BOE hopes to account for 40 percent of it.
The 5G era will focus mainly on flexible displays, sensing and manufacturing, antennas, and 5G transmission, Chang Cheng said today at the 8th Science Expo New Display Industry Forum.
In the next three to five years, he said, flexible OLED shipments from Sichuan and Chongqing will account for more than one-third, or even half, of the world's flexible OLED shipments.
BOE's third flexible OLED factory, the B12 production line in Chongqing, is scheduled to start mass production in the second half of next year when its flexible OLED production capacity will reach 144,000 wafers per month.
BOE is also planning another sixth-generation OLED production line in Fuqing, Fujian province, China.
The gap between Samsung's display and BOE's market share is also narrowing, with Samsung's share of the flexible OLED market standing at 63.2 percent (29.3 million units) and BOE's at 24.4 percent (11.3 million units) in the second quarter, according to market research firm Stone Partners.