Asian Tech Press (Oct 11) -- South Korea's Samsung Display Co., Ltd. leads the smartphone display panel market with a 48% revenue share in the first half of 2021, according to a report by Strategy Analytics.

The report states that in the first half of 2021, the global smartphone display panel market generated revenue of $21 billion. And the top three suppliers accounted for nearly 71% of the total revenue of the global smartphone display panel market, with Samsung Display having a 48% share, Chinese panel supplier BOE Technology Group Co., Ltd. 15% and Tianma Microelectronics Co., Ltd. 8%.

Jeffrey Mathews, senior analyst at Strategy Analytics, said, "The smartphone display panel market grew on the back of continued demand from handset manufacturers who expanded the application of OLED panels in mid and high-tier smartphones. The scramble to secure display panel inventories to mitigate supply challenges, is also driving demand."

"China Display Panel vendors especially BOE Technology, Tianma Microelectronics and TCL CSOT registered strong OLED design wins in the supply chain of China Smartphone OEMs in H1 2021," Mathews added.