Samsung grabs 52% share of global smartphone display panel market

Samsung Display Co. obtained a 52 percent share in the global smartphone display panel market in terms of revenue in the first quarter of the year, aided by its flexible OLED panels with major smartphone OEMs.

China's BOE Technology Group Co. was a distant second, with 14.3 percent followed by Tianma Microelectronics Co. with 8.2 percent.

Strategy Analytics noted that Samsung Display maintained its position through its large panel production scale and high panel yield.

The global smartphone display panel market posted $8.9 billion in revenue in the first quarter of the year, up 3 percent from the same period last year.

The robust earnings are attributed partly to OLED panels' demand that pushed the overall revenues for the display market.

However, the pandemic is expected to curtail demand in smartphone panel demand as disruptions hit customers' supply chains, compounded by a decline in demand for end-market products.