OLED Revenues Up 18 Percent YoY
BOSTON–(BUSINESS WIRE)–The global smartphone display panel market posted a revenue of $21 billion in H1 2021, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Display Panel Market Share Q2 2021: Samsung Display Maintains Top Spot.”
According to Strategy Analytics research, the smartphone display panel market witnessed a double-digit revenue growth as Samsung Display led the market with 48 percent revenue share followed by BOE Technology with 15 percent and Tianma Microelectronics with 8 percent in H1 2021. The top-three display panel vendors captured nearly 71 percent revenue share in the global smartphone display panel market in H1 2021.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, “The smartphone display panel market grew on the back of continued demand from handset manufacturers who expanded the application of OLED panels in mid and high-tier smartphones. The scramble to secure display panel inventory to mitigate supply challenges, is also driving demand. China Display Panel vendors especially BOE Technology, Tianma Microelectronics and TCL CSOT registered strong OLED design wins in the supply chain of China Smartphone OEMs in H1 2021.”
Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics noted, “We forecast the seasonal demand for high-end display technologies especially Foldable Displays, will drive further growth in the market. However, the ongoing display driver component shortages will impact the supply of key display panel products in the smartphone display panel market.”
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Source: Strategy Analytics, Inc.
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Author: Jeffrey Mathews, +44 (0)1908 423 615, [email protected]
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