LTPO-AMOLED to dominate growth in sluggish smartphone display market

LondonAnd the November 17, 2022 /PRNewswire/ – The latest release from Omdia Track the smartphone screen market It indicates that LTPO-AMOLED for smartphones will grow by 94% YoY by the end of 2022 and maintain growth levels of 25% YoY in 2023 in the stagnant smartphone display market.

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In 2022, demand for smartphone screens fell to 1,425 million, down 18% year-on-year due to reaction to excessive screen purchase in 2021 in anticipation of market recovery post-COVID-19, and consumption cooling in global inflation.

In the smartphone display market, low-temperature AMOLED – polycrystalline with a flexible substrate (LTPO-AMOLED (flexible) is expected to increase significantly to 148 million, and grow 94% year-on-year in 2022 while total (rigid and flexible substrate) temperatures Low-poly Crystalline AMOLED (LTPS) will drop to 440 million (down 19% YoY) and total TFT LCD will drop to 836 million (down 26% YoY).

according to Hiroshi HayaseDirector of Research at Omdia’s Display Research practice, “The strong demand for the iPhone14 Pro series, which uses low power consumption LTPO-AMOLED and provides the added value of longer battery life and Always-On-Display, is contributing to the significant growth of LTPO AMOLED shipments.”

The growth in LTPO-AMOLED shipments, which is quite challenging for a mass-production technology, has slightly widened the gap between the tech-leading Korean manufacturers and the Chinese makers chasing after them. In terms of total smartphone screen revenue in 2021 and 2022, Samsung ranked first, BOE ranked second, and LG Display ranked third. The revenue share of total Korean manufacturers is expected to increase from 58% in 2021 to 64% in 2022, while the share of total Chinese manufacturers is expected to expand from 33% in 2021 to 29% in 2022.

Smartphone display market is expected to increase slightly to 1,462 million (growing 3% YoY) in 2023. Total TFT LCD shipment levels at 816 million (down 2% YoY) Total LTPS expected to increase -AMOLED to 460 million (4% growth year-on-year), while LTPO-AMOLED alone is expected to enjoy shipment growth of 186 million and 25% growth year-on-year.

“Due to the difficult economic situation, consumers choose high-value products carefully. The value of low power consumption by LTPO-AMOLED smartphones will continue to drive demand in the smartphone display market during 2023.” Hiroshi Hayase.

About OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of technology markets combined with our actionable insight enables organizations to make smart growth decisions. Fahsaha Khan / Tel: +44 7503 666806 / East: [email protected] /q: www.omdia.com

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