The global smartphone display market in 2020 was $ 43 billion. In any case, this is exactly the value given in the Strategy Analytics report.
According to Strategy Analytics, Samsung Display is the leader in the smartphone display market. It alone accounts for 50% of all revenue. In second place is BOE Technology with 15%, and not third – LG Display with 8%.
2020 was characterized by an increase in the proportion of OLED panels. Such panels have already become commonplace not only in more expensive models, but also in models of the mass segment. At the end of the year, OLED panels occupy 60% of the market.
Regarding the outlook for the current year, Stephen Entwistle, Vice President of Strategy Analytics, said: “We predict that smartphone maker display panel purchases will be stable throughout 2021 thanks to 5G and high-tech displays. At the same time, we expect LCDs to increasingly lag behind OLEDs in the smartphone display market. ”
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