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By 2024, global mobile phone panel shipments soared to 2.157 billion units, marking an 11.4% increase year-on-year. This robust growth is primarily attributed to a surge in new phone sales and an uptick in demand within the second-hand phone market. Among the industry leaders, BOE emerged as the clear frontrunner with shipments totaling 613 million units, closely followed by Samsung Display with 378 million units. Despite this momentum, forecasts predict a slight dip in global mobile phone panel shipments to 2.093 billion units in 2025.
Moreover, the demand for AMOLED panels continues to exhibit a steady upward trajectory, while the demand for LTPS LCD panels shows signs of waning, presenting significant challenges for relevant suppliers in the sector.
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