Smartphone panel market grows 15% in Q2

The market for display panels below 9-inches in size was worth US$13.41 billion in the second quarter this year, an increase of 15% year-on-year, according to analyst firm Omdia.

Samsung Display saw sales increase to US4.34 billion during the quarter, an increase of 50% year-on-year.

Omdia said the company, the world’s largest manufacturer of OLED panels, saw sales of rigid OLED panels, which it supplies to Chinese smartphone makers, surge during the quarter.

This differed from a year ago where panel shipment dipped due to the pandemic, the analyst firm said.

Omdia said Samsung Display is expected to see sales surge at year’s end from purchases of premium smartphones following the easing of COVID-19 restrictions in China, the US and Europe.

BOE ranked second with sales of US$2.13 billion during the quarter, an increase of 1% from a year ago.

Shipment of liquid crystal display dropped but the company maintained its sales by winning Apple and other major companies as customers for its OLED panels.

Tianma ranked third with sales of US$1.438 billion during the quarter, an increase of 16%. It also saw poor sales of LCD but saw OLED shipment to smartphone and smart watches increase.

LG Display recorded sales of US$1.28 billion during the quarter, an increase of 18% from a year ago. Innolux recorded US$680 million in the same time period, a slight increase of 1% from a year ago.