Samsung Display led the global smartphone display panel market with 52 percent revenue share followed by BOE Technology and Tianma Microelectronics.
Samsung Display maintained its position in the smartphone display business through its large panel production scale and high panel yield.
The smartphone display panel market revenue grew 3 percent to $9 billion in Q1 2020 due to the rise in the demand for OLED panels from smartphone customers, according to Strategy Analytics.
Demand for OLED panels that drove the display market revenues while smartphone LCD panels got impacted due to the oversupply and drop in demand, leading to a fall in revenues and shipments for LCDs, Jeffrey Mathews, analyst at Strategy Analytics, said.
Samsung Display grabbed major design wins for its flexible OLED panels with major smartphone OEMs that aided in its first quarter revenues.