Global AMOLED Smartphone Panel Market Continues to Grow, Flexible Panels Account for Over 70%

Global AMOLED Smartphone Panel Market Continues to Grow, Flexible Panels Account for Over 70%According to statistics from CINNOResearch, global AMOLED smartphone panel shipments reached approximately 220 million units in the third quarter of 2024, a 25.3% year-on-year increase and a 0

Global AMOLED Smartphone Panel Market Continues to Grow, Flexible Panels Account for Over 70%

According to statistics from CINNOResearch, global AMOLED smartphone panel shipments reached approximately 220 million units in the third quarter of 2024, a 25.3% year-on-year increase and a 0.9% month-on-month increase, indicating both year-on-year and month-on-month growth. This data underscores the strong growth momentum in the AMOLED panel market. Driven by the trend of smartphone screen upgrades, AMOLED panels are gaining market recognition due to their superior display performance and technical advantages.

Regional Breakdown:

In the third quarter of 2024, South Korea accounted for 52.4% of global AMOLED smartphone panel shipments, down 2.6 percentage points year-on-year but up 0.7 percentage points month-on-month, primarily driven by the launch of new Apple models. Domestic Chinese manufacturers accounted for 47.6% of shipments.

Performance of Key Manufacturers:

• Samsung Display (SDC): Market share contracted from 48.8% in the same period last year to 45.2%, a year-on-year decline of 3.6 percentage points, while shipments increased 16.0% year-on-year.

• BOE: Market share decreased by 3.1 percentage points year-on-year to 13.5%, while shipments grew by 2.0% year-on-year.

• Visionox: Market share expanded by 2.2 percentage points year-on-year to 12.1%, with shipments experiencing a significant 53.4% year-on-year surge.

• CSOT: Market share increased by 1.9 percentage points year-on-year to 9.2%, and shipments witnessed a substantial 57.7% year-on-year growth.

It's noteworthy that both Visionox and CSOT, Chinese display manufacturers, achieved significant market share and shipment growth in the third quarter. This indicates that Chinese manufacturers have made substantial advancements in the AMOLED panel field and are gradually narrowing the gap with their South Korean counterparts.

Flexible Panel Growth:

Focusing on flexible panel shipments, flexible AMOLED smartphone panels accounted for 76.4% of global AMOLED smartphone panel shipments in the third quarter of 2024, down 2.3 percentage points year-on-year but up 4.2 percentage points month-on-month. South Korea captured 57.0% of this segment, up 4.2 percentage points year-on-year, while domestic Chinese manufacturers held a 43.0% share.

Flexible AMOLED panels, with their bendable and foldable properties, are gaining traction in applications like smartphones and wearable devices. The future outlook points to continued rapid growth for flexible AMOLED panels, making them a primary driver of the AMOLED panel market.

Future Outlook:

With ongoing technological advancements and market expansion, AMOLED panel applications will become more widespread. It is predicted that AMOLED panels will see broader adoption beyond smartphones, extending into smartwatches, wearables, laptops, televisions, and other sectors.

Some predictions about future developments in AMOLED panels:

• Higher Resolution: As technology progresses, AMOLED panels will boast increasingly higher resolutions, delivering sharper, more detailed displays for users.

• Richer Colors: AMOLED panels will exhibit enhanced color representation capabilities, showcasing a broader spectrum of colors for a more realistic visual experience.

• Lower Power Consumption: AMOLED panels will further reduce power consumption, extending device battery life.

• Larger Sizes: AMOLED panels will expand in size, enabling their integration into a wider range of devices, including foldable smartphones, tablets, and more.

In conclusion, the AMOLED panel market holds immense potential, with a bright future ahead. Technological advancements and market growth will continue to deliver exceptional visual experiences for users fueled by AMOLED panels, driving the evolution of smart devices.