Samsung Display captures nearly half of smartphone display panel market
Strategy Analytics finds in its latest study that the global smartphone display panel market recorded a revenue of $46 billion in CY2021, with the growth of 5% annually. Samsung Display commands a massive market share 49%, the second-ranked BOE Technology with only 16% and third-ranked LG Display with just 8% in 2021.
Jeffrey Mathews , Senior Analyst at Strategy Analytics commented, “OLED display panels saw increased adoption in the supply chains of leading smartphone OEMs. We note more than 600 million OLED panels for smartphones were shipped to OEMs. The OLED segment continued to see strong momentum in terms of customer demand. However, the shortage of display driver Ics and increasing BOM restricted the growth of the OLED segment and allowed LCD panels to capture volumes.”
Stephen Entwistle , Vice President of the Strategic Technologies Practice at Strategy Analytics added, “Smartphone Display Panel technology is set to be a strong point of differentiation this year. We forecast intense competition for OLED displays as leading smartphone OEMs continue to seek more display suppliers to counter cost and supply challenges.”
Author: Srinivasa Reddy N