SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Display led the global market in Q1, largely thanks to OLED

Display
By 

Last updated: June 29th, 2020 at 16:35 UTC+02:00

Samsung Display maintained the lead in the smartphone display market throughout Q1 2020, reveals a new report from Strategy Analytics. Global revenues have increased by 3% year-over-year, with the entire smartphone display market registered total revenues of $9 billion over the previous quarter.

The trend in Q1 2020 was a higher demand for OLED solutions and an oversupply of LCD panels due to falling demand. Global revenues got bumped up slightly only thanks to the increase in popularity for OLED panels, and because Samsung Display is the leading OLED distributor in the world, the company was able to capitalize on this higher demand and managed to cover 52% of the global smartphone display market by the end of Q1 2020. Samsung Display was followed by BOE Technology and Tianma Microelectronics.

Flexible OLED technology also proves to be a success

LCD technology seems to be on its way out, not only in regards to smartphones but also larger panels. Samsung already decided to end production of all LCD panels by the end of the year. Meanwhile, the company is focusing its efforts on OLED panel production as well as the manufacturing of flexible OLED solutions. Samsung is the primary flexible OLED maker in the world and this also contributed to its success in Q1 2020.

As for the near future, Strategy Analytics estimates that the global smartphone display market will likely feel the negative effects left in the wake of the COVID-19 pandemic in the coming months. The output will reportedly experience a slowdown due to the disruption in supply chains of customers.

Display OLEDSamsung Display
Load 0 comments

You might also like

Samsung’s new OLED technology can help make truly bezel-less pho …

Samsung Display, the world’s best OLED panel manufacturer for smaller devices, has developed a new techn …

  • By Asif Iqbal Shaik
  • 17 hours ago

Top Korean court rules Samsung Display didn’t steal OLED tech fr …

Samsung is no stranger to lengthy legal battles and the company’s display affiliate has just scored a ma …

  • By Adnan Farooqui
  • 3 days ago

Samsung Display to supply Apple with 80 million iPhone 14 OLED panels

Samsung Display will have tens of millions of OLED orders to fulfill for Apple later this year. The latter com …

  • By Mihai Matei
  • 3 days ago

Samsung to relocate 300 workers from closed TV LCD division to chip un …

According to insider sources, Samsung is planning to move around 300 workers from its now-closed TV LCD panel …

  • By Sagar Naresh
  • 1 week ago

Samsung’s newly-trademarked “UDR” could refer to Ult …

Samsung Display has filed a trademark application with KIPRIS for the “UDR” name, with no further …

  • By Mihai Matei
  • 2 weeks ago

Samsung unveils world’s first 240Hz OLED display for laptops

Samsung Display, the world’s biggest OLED display manufacturer for small and medium-sized panels, has an …

  • By Asif Iqbal Shaik
  • 2 weeks ago