Yesterday, Omdia released a new report regarding LTPO AMOLED displays. According to the agency, by the end of 2022, LTPO AMOLED for smartphones will grow by 94% year-on-year. The report also claims that shipments in 2023 will maintain a year-on-year growth rate of 25%. Recall that the smartphone display panel market has been very sluggish in recent times. Thus, this performance is quite impressive and feels like a rebound. The report also points out that in 2022, the demand for smartphone display panels will drop to 1.425 billion. This is a year-on-year decrease of 18%. This also means that phone panel shipments will suffer a dual blow.
LTPO AMOLED display shipments keep increasing
According to reports, in the smartphone display panel market, low-temperature polysilicon LTPO-AMOLED with flexible substrates is expected to increase significantly to 148 million in 2022, a year-on-year increase of 94%. However, the rigid and flexible low-temperature polysilicon (LTPS) AMOLEDs will drop to 440 million. This is a year-on-year fall of 9%. In addition, TFT LCD will drop 836 million, down 26% year-on-year.
Omdia analysts claim that strong demand for the iPhone 14 Pro series is quite influential. The iPhone 14 series uses the low-power LTPO-AMOLED and offers longer battery life. Also, the device adds extra value to the display. This is helping to push up LTPO AMOLED shipments.
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Talking about 2023, Omdia expects the smartphone display panel market to increase slightly. The shipment will boost to 1.462 billion units, a year-on-year increase of 3%. The total TFT LCD shipments are at 816 million units, down 2% year-on-year. In total LTPS AMOLED shipments are expected to increase to 460 million units, up 4% year-on-year. Only LTPO AMOLED shipments are expected to grow to 186 million units, an increase of 25% year-on-year.
The iPhone 14 series have been quite popular since its release some months ago. The Pro model that uses the LTPO AMOLED display is even more popular than the regular models. Since these models sell in millions, it is improving the display market value.