OLED Smartphone Panel Revenues Expected to Increase 39% Y/Y in 1H 2021

Published June 28, 2021

OLED smartphone panel revenues will increase by 39% Y/Y for the first half of 2021, according to the latest update of the DSCC Quarterly Advanced Smartphone Features Report.

The Q2 update of this report gives actual shipments for Q1 2021 and DSCC’s estimates for Q2 through Q4 2021, plus DSCC’s forecast for 2021-2025 for different form factors for OLED smartphone panels, with detailed figures for units, revenue, area, average selling price (ASP) and other parameters with splits by panel supplier, substrate (rigid/flexible) and brand. This article will cover DSCC’s estimated results through the first half of 2021 for OLED smartphone panels. Subscribers to the report, of course, can see all the results in the Excel file.

Quarterly AMOLED Smartphone Panel Revenues, Q3’19-Q3’21

Source: DSCC’s Quarterly Advanced Smartphone Features Report
Source: DSCC’s Quarterly Advanced Smartphone Features Report

The report enables an analysis of brand trends with detail to the model level on major smartphone brands. The influence of Apple can be seen in the next chart on smartphone panel revenue share by brand. Since it first introduced OLED panels into iPhones in 2017, Apple has shown a persistent seasonal pattern of a weak first half and a strong second half, but the delayed launch of iPhone 12 meant that Apple continued to dominate OLED smartphone panel revenues in Q1 2021, and the expected strength of the iPhone 13 product line means that we expect Apple to maintain the leading OLED panel revenue share in Q3’21.

Quarterly OLED Smartphone Panel Revenue Share by Brand, Q3’19 – Q3’21

Source: DSCC’s Quarterly Advanced Smartphone Features Report
Source: DSCC’s Quarterly Advanced Smartphone Features Report

The report also includes smartphone OLED panels by substrate type, as shown in the next chart. While rigid OLED panels were the majority of smartphone shipments through 2019, flexible OLED panels surpassed rigid panels in 2020 and continued to outnumber rigid panels in Q1 2021. In Q1’21, flexible OLED panels accounted for 77% of all OLED smartphone panels, with rigid panels at 23%. Our report also includes a forecast from 2021-2015 for all substrates including foldable and rollable OLED panels. More details for foldable and rollable smartphones can be found in the Quarterly Foldable/Rollable Display Shipment and Technology Report.

Quarterly OLED Smartphone Panel Revenues by Substrate, Q3’19 – Q3’21

Source: DSCC’s Quarterly Advanced Smartphone Features Report
Source: DSCC’s Quarterly Advanced Smartphone Features Report

For OLED panel shipments by panel supplier, shipments continue to be dominated by Samsung with 75% share in Q1’21, followed by LGD at 8% share and BOE at 6% share. By flexible substrates, Samsung had 65% share in Q1’21 followed by LGD at 16% share and BOE at 13% share. For rigid substrates, Samsung had an 86% share followed by EDO and Visionox, both at 6% share. In Q3’21, we expect to see 25% growth by Visionox as a result of several design wins.

Quarterly OLED Smartphone Panel Shipments by Supplier, Q3’19-Q3’21

Source: DSCC’s Quarterly Advanced Smartphone Features Report
Source: DSCC’s Quarterly Advanced Smartphone Features Report

As noted above, the DSCC Quarterly Advanced Smartphone Features Report provides a comprehensive listing of historical panels shipments, revenues, ASP’s, models, feature segmentations for all smartphones, plus a forecast of units, revenues, ASPs, models, screen sizes, resolutions, panel suppliers and comprehensive feature segmentations. Readers interested in subscribing to the DSCC Quarterly Advanced Smartphone Features Report should contact gerry@displaysupplychain.com.

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Written by

David Naranjo

dave@displaysupplychain.com