Sigmaintell: China’s OLED display panel shipments is expected to surge 40% in 2023 as phone makers upgrade to high-end screens
Chinese article by 爱集微
English Editor 张未名
04-20 15:50

By Greg Gao

(JW Insights) April 20 -- China’s shipments of organic light-emitting diode(OLED) panels are set to jump by 40 percent this year as more Chinese smartphone brands shift to the high-end screens, according to research firm Sigmaintell.

More than 220 million Chinese OLED display panels will be shipped this year, accounting for 38 percent of the world’s total and up 10 percentage points from 2021, Chen Jun, chief analyst at Sigmaintell, told Yicai Global.

Chinese handset giant Xiaomi released its latest flagship model on April 18, the Xiaomi 13 Ultra, which has a flexible OLED screen made by Shenzhen-based TCL China Star Optoelectronic Technology(TCL华星光电技术). Huawei Technologies’ nova 11 series, which was released a day earlier, also has a flexible OLED display, provided by TCL CSOT and Beijing-based Visionox(维信诺), reported Yicai Global.

TCL Technology, the parent company of TCL CSOT, told investors in March that its share of the OLED display market was rising, gaining more customers who upgrade their products to the mid- and high-end levels.

Another leading Chinese panel company BOE Technology(京东方) shipped flexible OLED displays 30 percent more to 80 million last year. Its first quarter shipment achieved 30 million and the company aims to reach 120 million by the end of the year, reported Yicai Global.

A last month report by Omdia shows that Samsung accounted for 56 percent of the global market for small and medium-sized OLED panels last year. BOE overtook LG Display to take second place, with their market shares at 12 percent and 11 percent respectively. Visionox ranked fourth with 6 percent and Shanghai-based Everdisplay Optronics(上海和辉光电) was fifth with 5 percent.

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