China's growing appetite for portable smart devices will accelerate domestic innovation and could shorten the product life cycle across the entire production chain, according to industry insiders.
Flat panel display manufacturers will reap more orders as the global smartphone fever continues to attract Chinese technology companies.
"Surging market demand for high-resolution smartphone screens is lifting the sector, to the point where it's become the biggest vertical segment in the panel manufacturing industry, overtaking television panels," said
Bo hopes the company's ambitious LCD project will offer a technological edge to the
Because of the mobile shift in the market, flat panel-display manufacturers are refocusing their attention on small and medium-sized displays.
"The trend is especially apparent in
Global mobile display revenue is set to exceed revenue in the TV display sector for the first time this year, according to NPD DisplaySearch. The flat panel displays used on mobile devices will generate 42 percent of global total revenue in 2014, surpassing LCD TVs' share of 37 percent, the firm said.
"With strong growth in tablets, high-end notebooks and smartphones - especially high-resolution and wide-viewing angle displays - mobile devices are leading the growth of the flat-panel display sector," said
Local display manufacturers, such as
China is the world's largest smartphone maker and consumer in terms of shipments.
Last year, more than 350 million new smartphones were shipped in
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