Samsung Display Increases Smartphone Display Market Lead in H1 2022

LCD Demand Collapse

BOSTON, October 17, 2022—(BUSINESS WIRE)–According to a report by Strategy Analytics Handset Component Technologies, “Smartphone Display Panel Market Share Q2 2022: LCD Panel Revenue Decline“, the global smartphone display market registered revenue of $20 billion in the first half of 2022.

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Smartphone Display Panel Market 1H 2022; Source: Strategy Analytics’ Handset Component Technologies Service (Photo: Business Wire)

The report finds that the smartphone display panel market saw a 5 percent year-over-year revenue decline in the first half of 2022. The market continues to lead Samsung Display with a 53 percent share of revenue follows BOE Technology with 15 percent and Tianma Microelectronics up from 8 percent in the first half of 2022. The top three display panel manufacturers accounted for nearly 76 percent of the revenue share of the global smartphone display market during the period.

Jeffrey Mathewssenior analyst in Strategy Analytics commented: “The smartphone display panel market has been held back by declining demand for LCD panels, while OLED adoption has expanded to mid-range smartphones to allow OEMs to gain momentum. Display vendors have seen growing demand for flexible OLED panels with high refresh rate specifications driving OLED growth over the period. Samsung Display has been in a strong position to benefit from customer demand, enabling a strong string of design wins for its OLED panels. BOE, TCL CSOT and Tianma increased its OLED production and won orders to supply OLED panels to leading smartphone brands in the first half of 2022.”

Stephen Entwistle, Vice President of Strategic Technologies Practice at Strategy Analytics noted, “We expect OLED panels to continue and drive market growth enabled by stronger competition from display suppliers and increased panel yields for OLED displays. LCD panels are expected to be oversupplied, leading to further price declines. Weak macroeconomic sentiments represent a strong risk to the overall growth outlook of the smartphone display market.”

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Source: Strategy Analytics, Inc.

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Service name: Handset Component Technologies

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Contacts

Report:
Author: Jeffrey Mathews, +44 (0)1908 423 615, [email protected]
European contact: Stephen Entwistle, +44 (0)1908 423 636, [email protected]
US Contact: Christopher Taylor, +1 617 614 0706, [email protected]