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Strategy Analytics: Samsung Display Widens Lead in the Smartphone Display Panel Market in H1 2022

10/17/2022

LCD Demand Collapse

According to the Strategy Analytics Handset Component Technologies service report, “Smartphone Display Panel Market Share Q2 2022: LCD Panel Revenues Plunge”, the global smartphone display panel market registered a revenue of $20 billion in H1 2022.

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

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 posted a 5 percent revenue decline year-over-year in H1 2022. The market continues to be led by Samsung Display with 53 percent revenue share followed by BOE Technology with 15 percent and Tianma Microelectronics with 8 percent in H1 2022. The top-three display panel vendors captured nearly 76 percent revenue share in the global smartphone display panel market during the period.

Jeffrey Mathews , Senior Analyst at Strategy Analytics commented, “The market for smartphone display panels was held back by sinking LCD panel demand while OLED adoption expanded across mid-tier smartphones to enable OEMs to drive momentum. Display vendors saw rising demand for Flexible OLED panels with high refresh rate specifications which drove OLED growth during the period. Samsung Display was strongly positioned to benefit from customer demand enabling a strong pipeline of design wins for its OLED panels. BOE, TCL CSOT and Tianma ramped their OLED production and captured orders to supply OLED panels to leading smartphone brands in H1 2022.”

Stephen Entwistle , Vice President of the Strategic Technologies Practice at Strategy Analytics noted, “We expect momentum for OLED panels to continue and drive market growth enabled by stronger display supplier competition and increased panel yield for OLED displays. LCD panels are expected to be in oversupply leading to further price declines. The weak macroeconomic sentiments pose a strong risk to the overall prospects of growth for the smartphone display panel market.”

Source: Strategy Analytics, Inc.

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About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

For more information about Strategy Analytics

Service Name: Handset Component Technologies

Report:
Author: Jeffrey Mathews, +44 (0)1908 423 615, jmathews@strategyanalytics.com
European Contact: Stephen Entwistle, +44 (0)1908 423 636, sentwistle@strategyanalytics.com
US Contact: Christopher Taylor, +1 617 614 0706, ctaylor@strategyanalytics.com

Source: Strategy Analytics

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Smartphone Display Panel Market 1H 2022; Source: Strategy Analytics' Handset Component Technologies Service (Photo: Business Wire) 1162 x 661 jpg 141 KB
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