The global smartphone display panel market revenue rose more than 5 percent to $46 billion in 2021, according to the Strategy Analytics Handset Component Technologies service report.
Samsung Display has dominated the smartphone display panel market with 49 percent share.

BOE Technology has 16 percent share in the smartphone display panel market.

LG Display has 8 percent share in the smartphone display panel market in 2021.

Samsung Display, BOE Technology and LG Display captured nearly 72 percent revenue share in the global smartphone display panel market last year.

Jeffrey Mathews, Senior Analyst at Strategy Analytics, said: “OLED display panels saw increased adoption in the supply chains of leading smartphone OEMs. More than 600 million OLED panels for smartphones were shipped to OEMs.”

The shortage of display driver ICs and increasing BOM restricted the growth of the OLED segment and allowed LCD panels to capture volumes.

“Smartphone Display Panel technology is set to be a strong point of differentiation this year. There will be intense competition for OLED displays as leading smartphone OEMs continue to seek more display suppliers to counter cost and supply challenges,” Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics, said.