Opportunities Preloader

Please Wait.....

Report

Global Smartphone Display Panel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Report I 2022-06-01 I 120 Pages I Mordor Intelligence

The Smartphone Display Panel Market is expected to grow by a CAGR rate of 5.37% in the forecasted time period. During the financial year 2021, the smartphone display panel market stood at approximately 1.58 billion units with OLED display panels witnessing faster growth rate. In terms of vendor market share, Samsung held the prominent share with close to half of the market share, and was followed by BOE, and LG Display. With the significant rise in replacement demand driven by 5G models is expected to propel the market.

Key Highlights
With the availability of UHD content, increasing demand for 4K and 8K displays, increasing use of OLED displays in smartphones, rising demand for flexible display panels, and increasing investments in the construction of new OLED and LCD panel manufacturing facilities.
The trends such as Work from home and online education have increased the demand for smartphones along with other devices. According to Ericsson Mobile data traffic outlook, the data usage per smartphone was expected to reach 11.4 GB by the end of 2021. Video traffic currently accounts for 69% of all mobile data traffic, with that percentage expected to rise to 79% by 2027, according to the same report. Alongside online viewing, mobile gaming has also increased the usage of smartphones and the demand for smartphones. Therefore a direct impact on the sales of smartphone display panels.
The growing acceptance of the work-from-home norm, the increasing focus of regional financial institutions on designing fiscal policies to keep the display market afloat during the COVID-19 crisis, and the shifting of manufacturing units to less affected regions such as Vietnam, Korea, Mexico, and other Southeast Asian countries are all factors driving the growth of the post-COVID-19 display panel market.
To avoid overdependence on China for raw materials, some 200 US corporations are focusing on relocating their manufacturing base from China to India and other Asian countries. Apple, for example, aims to relocate some of its manufacturing plants from China to India to ensure continued production. Wistron, a Taiwanese company, is eyeing India, as well as Vietnam and Mexico. After establishing a new plant in Indonesia, another iPhone assembler, Pegtron, has revealed ambitions to begin manufacturing operations in Vietnam by 2021. By making supply chains more resilient, this technique improves performance and minimizes supply chain risks.
Other smartphones, such as foldable screens, are also coming into trend. In just two months after its launch in August 2021, the Galaxy Z Fold3 and Flip3 sold over 2 million units around the world. OPPO, a Chinese smartphone manufacturer, released its first foldable flagship smartphone, the OPPO Find N, in December 2021, to mostly excellent reviews. Global smartphone manufacturers are expected to release more flagship foldable phones in coming years. Furthermore, the introduction of foldable technology is predicted to have a significant impact on the smartphone business, with the worldwide foldable phone market expected to increase at a rate of 21.3% between 2021 and 2027, according to Samsung Display.


Key Market Trends

AMOLED LTPO Flexible to drive the market


LTPO stands for low-temperature polycrystalline oxide. LTPO is an AMOLED backplane technology that allows the best screen technology to unlock a new capability of dynamically refreshing the display. This allows companies to use high refresh rate screens without sacrificing battery life. However, such panels are costlier.
The biggest advantage of LTPO panels is their variability with refresh rates. Higher refresh rates, though helpful in activities like Gaming, put a toll on the battery life. A continuously high refresh rate will drain the phone battery in no time; therefore, LTPO panels in modern smartphones have to change refresh rates. For instance, The OnePlus 9 Pro supports 120Hz. The 6.7-inch AMOLED panel refreshes at a rate of 1Hz to 120Hz. When performing active stuff like Gaming, it runs at full 120Hz; however, when viewing videos, it switches to 24Hz. The display decreases the refresh rate to 1Hz when the user is viewing a photo or reading text. As a result, the battery life is improved.
For flagship phones, LTPO technology has become the standard. Some of the first smartphones that used this technology were the OnePlus 9 Pro and Samsung Galaxy S21 Ultra. In 2022, LTPO AMOLED panels will still be found in the premium smartphone market. However, like with all newer technologies, it will eventually filter down to the rest of the market. However, LTPO is not limited to smartphones. Apple Watch Series 5 and later have it.
Visionox has completed its LTPO R&D project and is ready to begin producing LTPO OLED panels by the end of 2021. In February 2022, however, the company unveiled its first LTPO AMOLED display, which can deliver a dynamic refresh rate of 1Hz to 120Hz. The first phones with these revolutionary displays are expected to be introduced soon, according to Visionox. Visionox's Hefei 6-Gen flexible AMOLED plant produces the latest LTPO AMOLED screens.
In February 2022 - The iQOO 9 series, which comprises the Qoo 9 Pro, iQOO 9, and iQOO 9 SE, was launched in India, expanding iQOO's offering. Highlights include the flagship Snapdragon 8 Gen 1 processor, Gimbal camera technology, 120Hz refresh rate AMOLED display, and triple rear camera configuration. The display on the iQOO 9 Pro is a 6.78-inch E5 AMOLED with LTPO 2.0 technology.


China to hold a significant share in the Market


According to the newest data from a state agency, China's smartphone market recovered last year following a pandemic-induced dip in 2020, albeit total sales have yet to reach 2019 levels. In 2021, China, the world's largest smartphone market, shipped 342.8 million devices to domestic users, up 15.9% from 2020. According to the China Academy of Information and Communications (CAICT), last year's rise contrasted with the sector's poor performance in 2020, when shipments fell 20% year on year to 295.7 million. However, with 372 million smartphones supplied in 2019, shipments in 2021 will fall short of pre-pandemic levels.
One of the reasons for the rise of the Chinese smartphone display sector is the Chinese government's significant backing of its tech and electrical companies. Chinese enterprises benefit from their large local market as well as hefty government subsidies. The Chinese government has also granted numerous infrastructure and financial benefits. For example, Chinese display producers receive free land, buildings, water, and electricity, and their corporate tax rate is also relatively lower than its set corporate tax or officially known as the Enterprise Income Tax (EIT), which is 25%. They also have zero tariffs on the equipment and supplies they import from other countries. As a result, Chinese display makers have lower production costs than their South Korean counterparts.
Domestic display panel makers like BOE Technology Group Co Ltd and Visionox Technology Inc are betting big on flexible active-matrix organic LED, or AMOLED, a sort of more flexible OLED. BOE has introduced a variety of world-first and unique flexible display panels, which have been used in premium flagships smartphone devices like Honor's Magic 3 series and Vivo's iQOO 8.
When BOE Technology built its first 10.5-generation LCD factory in Hefei, China, in 2017, the company contributed only 6.5% of the overall CNY 46 billion (USD 7 billion) invested in the project. The rest came from Hefei city government-owned firms and bank loans backed by government guarantees. According to DB Financial Investments, a major securities firm and investment bank under the DB Group in South Korea, BOE Technology received over CNY 2 trillion (USD 1.7 billion) indirect government subsidies for ten years starting in 2010, accounting for 59% of the company's net income for the decade.
BOE, is apparently working on panels for Samsung Electronics' A13 and A23 cheap smartphone series. Furthermore, Samsung is expected to propose that BOE manufacture the display panels for its next-generation flagship handsets. Samsung Electronics has demanded that BOE validate their technology first because the Samsung flagships employ cutting-edge LTPO technology OLED screens.


Competitive Landscape

The Smartphone Display Panel Market is highly concentrated, with a few players like Samsung Display, BOE, and LG Display dominating a major portion of the market. The high technology, Research & development, and high initial development cost in construction and machinery make the market difficult for other vendors to penetrate.


In December 2021 - Tianma Microelectronics announced a partnership with Xiaomi Corporation at the Wuhan Tianma G6 Industrial Base. The two companies' new alliance will focus on researching and developing innovative display technologies for mobile devices. Both firms have agreed to establish a collaborative laboratory where all display technology research would be conducted.
In December 2021 - Visionox completed its LTPO research and development project and started producing LTPO OLED displays. This will allow the company to compete in the high-end smartphone display category against Samsung and other major OLED manufacturers.


Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Technological Trends
4.4 Industry Value Chain/Supply Chain Analysis
4.5 Impact of COVID-19 on the Market

5 MARKET DYNAMICS?
5.1 Market Drivers
5.2 Market Challenges

6 MARKET SEGMENTATION
6.1 By Technology
6.1.1 TFT LCD LTPS Rigid
6.1.2 TFT LCD a-Si Rigid
6.1.3 AMOLED LTPS Rigid
6.1.4 AMOLED LTPS Flexible
6.1.5 AMOLED LTPO Flexible
6.1.6 TFT LCD Oxide Rigid
6.2 By Geography
6.2.1 United States
6.2.2 China
6.2.3 Japan
6.2.4 South Korea
6.2.5 Rest of the World

7 COMPETITIVE INTELLIGENCE
7.1 LG Display
7.2 Samsung Display
7.3 BOE Technology Group Co., Ltd
7.4 Tianma Group
7.5 Japan Display Inc.
7.6 TCL China Star
7.7 Innolux
7.8 AUO
7.9 Sharp Corporation
7.10 Century
7.11 IVO

8 INVESTMENT ANALYSIS??

9 FUTURE OF THE MARKET

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE
  • $4750.00
  • $5250.00
  • $6500.00
  • $8750.00
  • ADD TO BASKET
  • BUY NOW