SMT Perspectives and Prospects: Warren Buffett’s Perpetual Wisdom, Part 2
Smart Automation: Pick-and-place Machines—What Matters in 2025
Global Citizenship: Chinese PCB Fabricators Will Remain an Important Part of the Supply Chain
Global Smartphone Panel Shipments to Grow 11.4% in 2024, with Chinese Manufacturers’ Market Share Approaching 70%
February 26, 2025 | TrendForceEstimated reading time: 2 minutes
TrendForce’s latest findings reveal that global smartphone panel shipments reached 2.157 billion units in 2024, marking an 11.4% YoY increase—the highest in recent years. This growth is driven by rising sales of new smartphone models, alongside increasing demand for second-hand and refurbished devices.
However, in 2025, as demand for new phones stabilizes and the second-hand market plateaus or slightly declines, global smartphone panel shipments are expected to dip by 3.2%, totaling 2.093 billion units.
BOE retained its leading position among the top five smartphone panel makers with 613 million units shipped in 2024, and shipments are anticipated to grow 2.7% to 630 million units in 2025.
Samsung Display (SDC) ranked second, buoyed by robust demand for AMOLED panels from Apple and its own smartphone lineup, with 378 million units shipped in 2024. However, with Apple expected to diversify its supplier base in 2025, SDC’s shipments could see a slight decline of 3.5%, reaching 365 million units.
HKC cemented its third-place position following rapid growth in a-Si LCD shipments, achieving 228 million units in 2024. Leveraging the cost advantages of its G8.6 production line, HKC anticipates a slight uptick in 2025 shipments to 230 million units (+0.7%), though competition from CSOT may apply pressure.
CSOT saw significant growth, closely collaborating with Xiaomi, which boosted its 2024 shipments to 215 million units, an impressive 83.2% YoY increase. This momentum is expected to continue into 2025, with shipments reaching 223 million units.
Tianma rounds out the top five, shipping 158 million units in 2024. Although declining demand for LTPS LCD panels poses a challenge, increasing market interest in AMOLED is expected to drive a 10% increase in Tianma’s 2025 shipments.
TrendForce highlights that demand for AMOLED panels remains strong in 2024, propelling shipment growth across major panel makers—a trend likely to continue into 2025. Conversely, demand for LTPS LCD panels, commonly used in mid-to-low-end smartphones, is gradually weakening, posing significant challenges for suppliers specializing in this technology.
The rapid expansion of HKC and CSOT has led to a shrinking market share for Taiwanese a-Si LCD suppliers. Japanese panel makers have steadily withdrawn from the smartphone market, further reducing their share. Meanwhile, South Korean manufacturers continue to leverage their advanced flexible AMOLED technology to maintain dominance in the high-end segment, with a 20-21% market share in 2024.
Chinese manufacturers, driven by growing demand for both mid-to-high-end AMOLED and entry-level a-Si LCD panels, have aggressively expanded their market presence. In 2024, their combined market share is projected to reach 69.8% and may exceed 70% in 2025, solidifying their crucial role in the global smartphone supply chain.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
20 Years of Center Nanoelectronic Technologies (CNT) – Backbone of German Semiconductor Research Celebrates Anniversary
08/14/2025 | Fraunhofer IPMSThe Center Nanoelectronic Technologies (CNT) of the Fraunhofer Institute for Photonic Microsystems (IPMS) is celebrating its 20th anniversary this year. Since its founding in 2005, it has developed into a pillar of applied semiconductor research in Germany and Europe. With its unique research cleanroom and equipment adhering to the 300-mm wafer industry standard, CNT is unparalleled in Germany and serves as a central innovation driver for the microelectronics industry.
Federal Electronics Elevates Hermosillo Facility with Advanced Mycronic 3D AOI System
08/12/2025 | Federal ElectronicsFederal Electronics, a leader in providing advanced electronic manufacturing services, has enhanced its new production line at its Hermosillo, Mexico facility with the addition of the Mycronic MYPro i50 Automated Optical Inspection (AOI) system.
Flex Delivers Advanced Power Management for Next-Generation NVIDIA AI Infrastructure
08/07/2025 | FlexFlex announced a new power shelf system to fast-track 800 VDC power architectures and support the growing demands of AI infrastructure and AI factories.
Inside the AI Hardware Boom: Servers, Substrates and Advanced Packaging
08/07/2025 | Edy Yu, Printed Circuit Information, China, and Marcy LaRont, I-Connect007AI is rewriting the hardware playbook, marrying complex software and algorithms to run and improve machine and equipment operations. Sorting through, managing, and utilizing massive amounts of data takes tremendous data storage and processing power. Enter the new generation of supercomputers and data servers. The data servers being built today are not your momma’s server, as they say.