TrendForce predicts that smartphone panel shipments will decrease by 9% in 2024

According to news from this website on September 28, this website learned from the TrendForce official account that the shipment volume of smartphone panels in 2023 is estimated to be about 1.85 billion pieces, with an annual increase of 8.7%, mainly affected by Driven by the repair market and the boom in second-hand mobile phones, the smartphone market is expected to return to the normal supply and demand cycle in 2024, and the demand for repair and second-hand mobile phones may decrease. It is estimated that smartphone panel shipments will be approximately 1.82 billion pieces, a year-on-year decrease of 9 %.

TrendForce TrendForce said that judging from the shipments of various panel manufacturers, LCD demand decline is a common problem faced by some manufacturers. BOE currently ranks as the global leader in smartphone panel shipments, with shipments expected to be approximately 560 million units in 2023. Affected by the decline of LCD, shipments are estimated to be approximately 520 million units in 2024, an annual decrease of 7.2%. Samsung Display (SDC) ranks second in shipments. Due to the shrinkage of the rigid AMOLED panel market, shipments this year are about 350 million pieces. Supported by demand from Apple and its own mobile phones, shipments in 2024 are expected to be the same as this year. Ranked third is Tianma, with shipments of approximately 175 million pieces in 2023. With expanded cooperation with various brands, shipments may grow slightly to 190 million pieces in 2024, an annual increase of 5.2%.

Innolux ranks fourth and is expected to ship approximately 140 million pieces in 2023. However, the reduction in LCD market demand will have an impact on shipments in 2024, which is expected to be approximately 125 million units, an annual decrease of 11.2%. Ranked fifth is HKC. With the cost advantage of the G8.6 generation line, shipments are expected to be 170 million pieces in 2023, and are expected to grow to 180 million pieces in 2024, with an annual increase of 4.2%. According to TrendForce, among the top five manufacturers, only SDC’s shipments will decline due to the weakening demand for rigid AMOLED panels in 2023. This represents the entry of Korean rigid AMOLED panels into mainland flexible AMOLED panels. After the production, due to insufficient cost competitiveness, it is gradually declining

If we look at the shipment proportion of panel factories in each region, Taiwanese panel factories have The support of a-Si LCD can maintain the proportion; Japanese panel manufacturers have sharply and quickly withdrawn from the mobile phone market, resulting in a decline in the proportion; Korean panel manufacturers can still maintain a share of 23~25% with the use of flexible AMOLED panel technology and high-end mobile phones; mainland China The proportion of Chinese panel manufacturers in overall smartphone panel shipments will increase rapidly from 54.8% in 2022 to 63.7% in 2023, showing that Chinese panel manufacturers continue to play a key role in the overall smartphone supply chain

Advertising statement: The external jump links contained in the article (including but not limited to hyperlinks, QR codes, passwords, etc.) are used to convey more information and save selection. Time and results are for reference only. All articles on this site contain this statement.

The above is the detailed content of TrendForce predicts that smartphone panel shipments will decrease by 9% in 2024. For more information, please follow other related articles on the PHP Chinese website!