OLED Phone Panel Procurement Likely to Decline Double Digits

OLED smartphone panel revenue is expected to decline 5% in 2022 to $31 billion, and unit shipments will fall 13% to 554 million panels, reported Display Supply Chain Consultants Monday. “As a result of the continued macroeconomic environment, persistent supply chain issues and weakened consumer demand, major smartphone brands continue to reduce their OLED smartphone panel procurement for 2022 by double-digit percentages,” it said. For 2022, rigid OLED smartphone panel revenue is expected to decline 39% for a 13% share, down from 20% in 2021, said DSCC. Flexible AMOLED smartphone panel revenue is expected to remain flat and increase to a 79% revenue share in a smaller market, it said. Foldable AMOLED smartphone panel revenue is expected to increase 55% with an 8% revenue share, up from 5% in 2021, it said.