The required LTPO OLED panel shipments are expected to nearly double

Affected by concerns about the global economic downturn, the demand for consumer electronics products has also declined significantly. As an important product in the field of consumer electronics products, the demand for smartphones has also declined.

The research institute predicts that the size of the global smartphone market will shrink significantly this year. It is estimated that 1.425 billion units will be shipped this year, a year-on-year decline of 18%.

Smartphone shipments are expected to decline sharply year-on-year, which means that demand for panels, a key component, will also decline accordingly.

However, the research institute also stated in the report that although the demand for smartphone panels will decrease, the shipments of smartphone panels such as LTPO-AMOLED are expected to increase significantly, reaching 148 million units this year, a year-on-year increase. 94% increase.

Smartphone panel shipments will decline sharply for LTPS AMOLED and LCD panels. Research institutes predict that shipments of LTPS AMOLED smartphone panels will decline by 19% this year to 44 million units, while shipments of LCD panels will decline by 26% year-on-year.

The shipment of LTPO-AMOLED panels has increased significantly, which will also boost the revenue of related manufacturers. Currently, this type of smartphone panel is mainly produced by Samsung Display and LG Display. The share will increase from 58% last year to 64%.

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