Global Smartphone Display Panel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Smartphone Display Panel Market is Segmented by Technology (TFT LCD LTPS Rigid, TFT LCD A-Si Rigid, AMOLED LTPS Rigid, AMOLED LTPS Flexible, AMOLED LTPO Flexible, TFT LCD Oxide Rigid) and Geography. The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Global Smartphone Display Panel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Smartphone Display Panel Market Size

Global Smartphone Display Panel Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 5.37 %
Market Concentration High

Major Players

Global Smartphone Display Panel Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Global Smartphone Display Panel Market with other markets in Technology, Media and Telecom Industry

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Smartphone Display Panel Market Analysis

The Global Smartphone Display Panel Market is expected to register a CAGR of less than 5.37% during the forecast period.

  • With the availability of UHD content, increasing demand for 4K and 8K displays, increasing use of OLED displays in smartphones, rising demand for flexible display panels, and increasing investments in the construction of new OLED and LCD panel manufacturing facilities.
  • The trends such as Work from home and online education have increased the demand for smartphones along with other devices. According to Ericsson Mobile data traffic outlook, the data usage per smartphone was expected to reach 11.4 GB by the end of 2021. Video traffic currently accounts for 69% of all mobile data traffic, with that percentage expected to rise to 79% by 2027, according to the same report. Alongside online viewing, mobile gaming has also increased the usage of smartphones and the demand for smartphones. Therefore a direct impact on the sales of smartphone display panels.
  • The growing acceptance of the work-from-home norm, the increasing focus of regional financial institutions on designing fiscal policies to keep the display market afloat during the COVID-19 crisis, and the shifting of manufacturing units to less affected regions such as Vietnam, Korea, Mexico, and other Southeast Asian countries are all factors driving the growth of the post-COVID-19 display panel market.
  • To avoid overdependence on China for raw materials, some 200 US corporations are focusing on relocating their manufacturing base from China to India and other Asian countries. Apple, for example, aims to relocate some of its manufacturing plants from China to India to ensure continued production. Wistron, a Taiwanese company, is eyeing India, as well as Vietnam and Mexico. After establishing a new plant in Indonesia, another iPhone assembler, Pegtron, has revealed ambitions to begin manufacturing operations in Vietnam by 2021. By making supply chains more resilient, this technique improves performance and minimizes supply chain risks.
  • Other smartphones, such as foldable screens, are also coming into trend. In just two months after its launch in August 2021, the Galaxy Z Fold3 and Flip3 sold over 2 million units around the world. OPPO, a Chinese smartphone manufacturer, released its first foldable flagship smartphone, the OPPO Find N, in December 2021, to mostly excellent reviews. Global smartphone manufacturers are expected to release more flagship foldable phones in the coming years. Furthermore, the introduction of foldable technology is predicted to have a significant impact on the smartphone business, with the worldwide foldable phone market expected to increase at a rate of 21.3% between 2021 and 2027, according to Samsung Display.

Smartphone Display Panel Industry Overview

The smartphone display panel market is highly concentrated, with a few players like Samsung Display, BOE, and LG Display dominating a major portion of the market. The high technology, Research & development, and high initial development cost in construction and machinery make the market difficult for other vendors to penetrate.

  • In December 2021 - Tianma Microelectronics announced a partnership with Xiaomi Corporation at the Wuhan Tianma G6 Industrial Base. The two companies' new alliance will focus on researching and developing innovative display technologies for mobile devices. Both firms have agreed to establish a collaborative laboratory where all display technology research would be conducted.
  • In December 2021 - Visionox completed its LTPO research and development project and started producing LTPO OLED displays. This will allow the company to compete in the high-end smartphone display category against Samsung and other major OLED manufacturers.

Smartphone Display Panel Market Leaders

  1. LG Display

  2. Samsung Display

  3. BOE Technology Group Co., Ltd.

  4. TIANMA Group

  5. Japan Display Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Smartphone Display Panel Market News

  • January 2022: OnePlus launched the OnePlus 10 Pro with an LTPO 2.0 AMOLED, a progression from last year's panel. The low-temperature polycrystalline oxide display can reduce the frequency to 1Hz for energy savings, and while it wasn't available everywhere last year, the 2.0 version will expand that and boost the battery savings.
  • February 2022: Vivo launched its flagship smartphone models IQOO 9 Pro and IQOO 9 Sports. The iQOO 9 has a 6.56-inch FHD+ AMOLED display with a refresh rate of up to 120Hz and a touch sampling rate of 300Hz. The iQOO 9 Pro, on the other hand, has a larger 6.78-inch curved AMOLED display with a QHD+ resolution of 3200 x 1440 pixels and LTPO 2.0 technology.

Global Smartphone Display Panel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Force Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Technological Trends
  • 4.4 Industry Value Chain/Supply Chain Analysis
  • 4.5 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
  • 5.2 Market Challenges

6. MARKET SEGMENTATION

  • 6.1 By Technology
    • 6.1.1 TFT LCD LTPS Rigid
    • 6.1.2 TFT LCD a-Si Rigid
    • 6.1.3 AMOLED LTPS Rigid
    • 6.1.4 AMOLED LTPS Flexible
    • 6.1.5 AMOLED LTPO Flexible
    • 6.1.6 TFT LCD Oxide Rigid
  • 6.2 By Geography
    • 6.2.1 United States
    • 6.2.2 China
    • 6.2.3 Japan
    • 6.2.4 South Korea

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Samsung Display
    • 7.1.2 BOE Technology Group Co. Ltd
    • 7.1.3 Tianma Group
    • 7.1.4 Japan Display Inc.
    • 7.1.5 TCL China Star
    • 7.1.6 Innolux
    • 7.1.7 AUO
    • 7.1.8 Sharp Corporation
    • 7.1.9 Century
    • 7.1.10 IVO
    • 7.1.11 LG Display
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Smartphone Display Panel Industry Segmentation

Images are displayed on liquid crystal displays on cell phone screens. Phone LCD screens, like those seen in most TVs and computer monitors, employ an electrical current to alter the color of each pixel. The adoption of huge touch displays transformed the operation and use of mobile phones. In terms of resolution, size, picture quality, and features, today's smartphone displays are remarkable, and the development prospects look to be far from exhausted.

The global smartphone display panel market is segmented by technology (TFT LCD LTPS Rigid, TFT LCD a-Si Rigid, AMOLED LTPS Rigid, AMOLED LTPS Flexible, AMOLED LTPO Flexible, TFT LCD Oxide Rigid) and Geography (United States, China, Japan, South Korea). The report offers market forecasts and size in value (USD) for all the above segments.

By Technology TFT LCD LTPS Rigid
TFT LCD a-Si Rigid
AMOLED LTPS Rigid
AMOLED LTPS Flexible
AMOLED LTPO Flexible
TFT LCD Oxide Rigid
By Geography United States
China
Japan
South Korea
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Global Smartphone Display Panel Market Research Faqs

What is the current Global Smartphone Display Panel Market size?

The Global Smartphone Display Panel Market is projected to register a CAGR of less than 5.37% during the forecast period (2025-2030)

Who are the key players in Global Smartphone Display Panel Market?

LG Display, Samsung Display, BOE Technology Group Co., Ltd., TIANMA Group and Japan Display Inc. are the major companies operating in the Global Smartphone Display Panel Market.

What years does this Global Smartphone Display Panel Market cover?

The report covers the Global Smartphone Display Panel Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Smartphone Display Panel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.