BOSTON–(BUSINESS WIRE)–The global smartphone display panel market recorded total revenue of $18.6 billion in H1 2020, according to the Strategy Analytics Handset Component Technologies service report, “Smartphone Display Panel Market Share Q2 2020: Revenues Jump 2 Percent, Samsung Display Continues to Lead.”
The report finds that Samsung Display led the smartphone display market with 50 percent revenue share followed by BOE Technology and Tianma Microelectronics in the first half of the year. The smartphone display panel revenues recorded a jump of 3 percent year-over-year in H1 2020 due to the shipment of high-end OLED panels to smartphone customers. The top-three vendors captured almost 73 percent revenue share in the global smartphone display panel market in H1 2020.
Jeffrey Mathews, Senior Analyst at Strategy Analytics commented, “The display panel market for smartphones saw a drop in overall panel demand from customers, especially for LCD panels, owing to the pandemic. However, the demand grew for high-end OLED panels which aided in the growth of the overall smartphone display market revenues in H1 2020. Samsung Display grew its market share on the back of OLED panel demand and also gained from a one-time customer payment from Apple.”
Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics noted, “We forecast that the display panel market will overcome the challenges created by the pandemic as the demand for end-market products will grow. At the same time, the supply chain will stabilize to match the demand in H2 2020.”
Source: Strategy Analytics, Inc.
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
For more information about Strategy Analytics
Service Name: Handset Component Technologies