Global AMOLED Mobile Phone Panel Market to 2023
Recently, market research firm CINNO Research released a report on global AMOLED mobile phone panel shipments in 2023. The report shows that the global market AMOLED smartphone panel shipments in 2023 will be about 690 million pieces, an increase of 16.1% from 2022.
And had in 2022 global AMOLED smartphone panel shipments fell 10.3% year-on-year to 600 million pieces. Starting from Q1 2022, global AMOLED smartphone panel shipments experienced five quarters of negative year-on-year growth, and finally in the second quarter of 2023 successfully reversed the trend to achieve positive year-on-year growth.
According to the statistics of CINNO Research, the quarterly shipments of AMOLED smartphone panels in the global market in Q2-Q4 2023 were 140 million pieces, 180 million pieces, and 240 million pieces, respectively, with year-on-year growth of 12.9%, 29.6%, and 30.9%, respectively.The good performance of the year-on-year and quarter-on-quarter growth in the three consecutive quarters of Q2-Q4 supported the AMOLED smartphone panel shipments 2023 achieved positive growth of 16.1% for the year.
The strong recovery of AMOLED mobile phone panel market is not only the panel manufacturers can benefit, but also an important business opportunity for the long-suffering display driver chip companies to end the performance decline. At present, the AMOLED mobile phone panel market participants are mainly South Korean and Chinese manufacturers, including Samsung Display, BOE, Huaxing Optoelectronics, Visuno, LG Display and so on. And domestic companies engaged in the design and development of AMOLED display driver chips are Zhongying Electronics, New Phase Micro, Jichuang North, Yunyinggu, Shenghe Micro, Shengxian Micro, Aixiexian, Ou rhenium and so on.
Driven by the demand continues to boom, flexible AMOLED mobile phone panels in the fourth quarter ushered in the overall price increases, terminal panel manufacturers are also waiting for the opportunity to increase prices, of which the panel leader Samsung display is the first to announce a price increase from 2024. AMOLED mobile phone panel prices will be further transmitted to the upstream of the chip makers, today's supply chain exposure, said the screen related semiconductor chip factory has sent a price increase letter to the terminal manufacturers. Terminal manufacturers to send a price increase letter.
According to CINNO Research, the top five global AMOLED mobile phone panel shipments in 2023 are Samsung Display, BOE, Visuno, Pegasus Microelectronics, and Luckin Display.
Among them, Samsung Display's AMOLED mobile phone panel got 49.9% of the global market share, ranking first. Although samsung display 2023 is still sitting in the global first, but its 2023 AMOLED mobile phone panel market share has fallen from 63% in 2022 to 50%. This is mainly due to the domestic flexible AMOLED panel manufacturers in the past year continued to grab orders at aggressive prices, the rigid and flexible panel shipments of Samsung Display caused a great impact, resulting in a serious squeeze on the market share of Samsung Display.