A Chinese market research firm Qunzhi Consulting has released a market research data which detailed the performance of the major display panel manufacturers globally in 2020. The report shows that 2020, the total shipment of global smartphone panel was 1.888 billion, representing a year-on-year increase of 6%.
Chinese display maker BOE ranks as the world’s No. 1 panel manufacturer with 408 million units shipped during the period. Thus, the Chinese firm controls a 21.6% share of the market, a year-on-year increase of 5.2%.
In addition to BOE, Samsung and Tianma ranked second and third with shipments of 370 million and 194 million respectively.
Among them, Samsung’s market share 19.6%, down 7% year-on-year, and Tianmwasa’s share was 10.3%, down 8.5% year-on-year. The report also shows that the top three on the list occupy at most 50% of the total market share.
According to the data, BOE’s shipments mainly rely on a-Si panels, with a total shipment of 278 million pieces, accounting for about 70% of BOE’s smartphone panel shipments.
However, although JD.com surpassed Samsung to become the world’s largest smartphone panel supplier, 70% of its shipments rely on a-Si panels.
In the most profitable OLED panel market, Samsung has become the number one with 370 million shipments, maintaining a dominant position.
The rise in shipments of display panels is against the tide of a reduction in chip shipment as a result of the scarcity.
In this regard, Qunzhi Consulting believes that due to the gradual recovery of the chip market, phone manufacturers are increasing their efforts to pull goods for low-end products. In addition, manufacturers are believed to have placed a large number of orders to prepare panels in advance in order to prevent subsequent shortages of parts.
- BOE to reportedly launch MicroOLED display panels later this year
- Motorola tipped to launch the Moto G40 5G with 90Hz LCD screen in India soon
- Huawei Mate X2 foldable screen is exclusively provided by BOE
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