Global shipments of AMOLED smartphone panels are forecast to surpass 840 million (up 25 percent) units in 2024 and 870 million (up 3.2 percent) in 2025, TrendForce’s projections show.
AMOLED panel usage in smartphones rose from 51 percent in 2023 to 56.9 percent in 2024. AMOLED panel usage in smartphones is expected to grow by 2 percent to 3 percent each year — reaching 68 percent by 2028.
Korean panel makers mainly cater to Apple and Samsung, with their shipments to other brands declining annually, primarily offering limited quantities of rigid AMOLED panels.
Chinese panel maker BOE has emerged as the top supplier of AMOLED smartphone panels in China, with projections indicating shipments will reach approximately 130 million units this year.
BOE has increased shipments to Apple as well, having passed the validation process for the upcoming iPhone 16 series in 2024. News reports suggest that Apple has selected BOE for buying display for the next generation iPhones.
Visionox is projected to achieve shipments of 80 million units thanks to robust sales of Huawei’s latest models in 2024.
Both TIANMA and CSOT have begun to ramp up their AMOLED smartphone panel shipments this year, with a strong possibility of exceeding their past records.
Chinese panel makers will represent 47.9 percent of AMOLED smartphone panel shipments in 2024. By 2025, their total shipments are predicted to exceed those of their Korean counterparts, achieving a projected global market share of 50.2 percent.
Baburajan Kizhakedath
