24 Mar 2022
Top three vendors – Samsung Display, BOE Tech, and LG Display – account for 72% of the market.Strategy Analytics’ (SA) Handset Component Technologies service report, Smartphone Display Panel Market Share Q4 2021: Samsung Display Achieves 50 Percent Share.
According to SA’s research, the smart phone display panel recorded more than 5 percent annual revenue growth. Samsung Display dominated the market with 49 percent revenue share followed by BOE Technology with 16 percent and LG Display with 8 percent in 2021.
The report estimates that the top-three display panel vendors captured nearly 72 percent revenue share in the global smart phone display panel market.
Jeffrey Mathews, Senior Analyst at SA, commented, “OLED display panels saw increased adoption in the supply chains of leading smart phone OEMs. We note more than 600 million OLED panels for smart phones were shipped to OEMs.
“The OLED segment continued to see strong momentum in terms of customer demand. However, the shortage of display driver ICs and increasing BOM restricted the growth of the OLED segment and allowed LCD panels to capture volumes,” he added.
Strategy Analytics is a global provider of customized market research solutions. Its 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. The firm has expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media.
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