Media released a report that by the end of 2022, LTPO-AMOLED for smartphones will grow 94% year-on-year, and in the sluggish smartphone display panel market, shipments in 2023 will maintain a 25% year-on-year growth level.
The report points out that in 2022, the demand for smartphone display panels fell to 1.425 billion, down 18% year-on-year, which is due to the expected recovery of the epidemic market after 2021, display panels appeared to over-purchase and high inventory, and 2022 global inflation under the consumption downturn, cell phone panel shipments suffered a double blow caused by.
According to reports, in the smartphone display panel market, flexible substrates of low-temperature polycrystalline silicon LTPO-AMOLED (flexible) are expected to increase significantly to 148 million in 2022, up 94% year-on-year; while including rigid and flexible low-temperature polycrystalline silicon (LTPS) AMOLED will fall to 440 million, down 19% year-on-year; TFT LCD will fall 836 million, down 26%.
Omdia analysts said the strong demand for the iPhone 14 Pro series, which uses low-power LTPO-AMOLED and offers longer battery life and added value of off-screen display, the series helped push up LTPO-AMOLED shipments.
When it comes to 2023, Omdia expects the smartphone display panel market to increase slightly to 1.462 billion units, up 3 percent year-over-year. total TFT LCD shipments are expected to be at 816 million units, down 2 percent year-over-year; total LTPS-AMOLED shipments are expected to increase to 460 million units, up 4 percent year-over-year; and only LTPO-AMOLED shipments are expected to grow to Only LTPO-AMOLED shipments are expected to grow to 186 million pieces, up 25% year-over-year.