Ji Bang Consulting: OLED panels will account for more than 50% of the mobile phone market this year.

CTOnews.com, July 19, according to the latest report released by market research firm TrendForce, due to cost reduction, the proportion of smartphones using OLED panels will exceed 50% in 2023.

The report also points out that OLED has less than 3 per cent penetration in other applications such as televisions, laptops and tablets.

In order to further improve the market penetration of OLED, panel manufacturers, on the one hand, are facing more severe technical challenges and constantly improving panel specifications; on the other hand, they need to effectively reduce costs to meet market expectations.

At present, China's AMOLED panel production capacity accounts for about 43.7% of the world, slightly lower than that of South Korean panel manufacturers.

As the current production capacity of AMOLED is in a state of oversupply, the scale of production capacity will continue to expand in the future, and enterprises with pure OLED as products still need to face financial pressure in operation.

CTOnews.com is attached with a link to the complete report of Jibang Consulting, which can be read in depth by interested users.