PR98772

LONDON, Nov. 11, 2022 /PRNewswire=KYODO JBN/ --

Omdia's latest Smartphone display market tracker indicates that LTPO-AMOLED for

smartphones will grow by 94% year-on-year (YoY) by the end of 2022 and will

maintain growth levels of 25% YoY in 2023 in sluggish smartphone display market.

Photo -

https://mma.prnewswire.com/media/1944927/2021_2023_smartphone_display_shipment_forecast_by_technology.jpg

In 2022, Smartphone display demand is decreasing to 1,425 million that fall by

18% YoY due to the reaction to the excessive procurement of display in 2021 in

anticipation of a post-COVID-19 market recovery, and the cooling of consumption

in global inflation.

In the smartphone display market, Low-Temperature-Polycrystalline-Oxide AMOLED

with Flexible substrate (LTPO-AMOLED (Flexible) is expected significantly

increase to 148 million, grow 94% YoY in 2022 while total (Rigid & Flexible

substrate) Low-Temperature-Polycrystalline-Silicon (LTPS) AMOLED to decline to

440 million (down 19% YoY) and total TFT LCD to decline 836 million (down 26%

YoY).

According to Hiroshi Hayase, Research Manager (

https://omdia.tech.informa.com/authors/hiroshi-hayase ) in Omdia's Display

research practice ( https://omdia.tech.informa.com/topic-pages/displays ),

"Strong demand for the iPhone14 Pro-series, which uses low-power consumption

LTPO-AMOLED and offers added value of longer battery life and

Always-On-Display, contribute to the significant growth of LTPO-AMOLED

shipments."

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.

ABOUT OMDIA

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.khan@informa.com / W: www.omdia.com

SOURCE: Omdia