LCD Demand Collapse
BOSTON, October 17, 2022--(BUSINESS WIRE)--According to the Strategy Analytics Handset Component Technologies work report, "Smartphone Display Panel Market Share Q2 2022: LCD Panel Revenues Plunge", the planetary smartphone show sheet marketplace registered a gross of $20 cardinal successful H1 2022.
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Smartphone Display Panel Market 1H 2022; Source: Strategy Analytics' Handset Component Technologies Service (Photo: Business Wire)
The study finds that the smartphone show sheet marketplace posted a 5 percent gross diminution year-over-year successful H1 2022. The marketplace continues to beryllium led by Samsung Display with 53 percent gross stock followed by BOE Technology with 15 percent and Tianma Microelectronics with 8 percent successful H1 2022. The top-three show sheet vendors captured astir 76 percent gross stock successful the planetary smartphone show sheet marketplace during the period.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, "The marketplace for smartphone show panels was held backmost by sinking LCD sheet request portion OLED adoption expanded crossed mid-tier smartphones to alteration OEMs to thrust momentum. Display vendors saw rising request for Flexible OLED panels with precocious refresh complaint specifications which drove OLED maturation during the period. Samsung Display was powerfully positioned to payment from lawsuit request enabling a beardown pipeline of plan wins for its OLED panels. BOE, TCL CSOT and Tianma ramped their OLED accumulation and captured orders to proviso OLED panels to starring smartphone brands successful H1 2022."
Stephen Entwistle, Vice President of the Strategic Technologies Practice astatine Strategy Analytics noted, "We expect momentum for OLED panels to proceed and thrust marketplace maturation enabled by stronger show supplier contention and accrued sheet output for OLED displays. LCD panels are expected to beryllium successful oversupply starring to further terms declines. The anemic macroeconomic sentiments airs a beardown hazard to the wide prospects of maturation for the smartphone show sheet market."
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, 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
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