The growth in shipments of LTPO-AMOLED, which is highly difficult for mass-production technology, has slightly widened the gap between technical-leading Korean makers and chasing Chinese makers. In terms of overall smartphone display revenue in 2021 and 2022, Samsung ranked first, BOE second, and LG Display third. The revenue share of total Korean makers is expected to increase from 58% in 2021 to 64% in 2022, while the share of total Chinese makers is expected to widen from 33% in 2021 to 29% in 2022.
The smartphone display market is expected to increase slightly to 1,462 million (grow 3% YoY) in 2023. Total TFT LCD shipment levels at 816 million (down 2% YoY) and total LTPS-AMOLED is expected to increase to 460 million (grow 4% YoY), while only LTPO-AMOLED is expected to enjoy shipment growth of 186 million and 25% growth YoY.
“Because of the tough economic situation, consumers are choosing high-value products carefully. The value of low-power consumption by LTPO-AMOLED brings to smartphones will continue to drive demand in the smartphone display market across 2023” concludes Hiroshi Hayase.
Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions. Fasiha Khan / T: +44 7503 666806 / E: Fasiha.email@example.com / W: www.omdia.com