Standard of Excellence: Speed vs. Quality in Customer Service
Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
Smartphone Panel Shipments to Dip by 1.7% in 2025, with Chinese Manufacturers’ Share Expected to Exceed 70%
November 13, 2024 | TrendForceEstimated reading time: 2 minutes
TrendForce’s latest investigations reveal that while the overall smartphone market is projected to grow by just 3% in 2024, increased demand for refurbishes and second-hand devices is fueling growth in the smartphone panel market. Shipments this year are estimated to grow 6.7% YoY to reach 2.066 billion units.
However, with steady demand for new devices, the smartphone market may return to a more stable supply-demand cycle in 2025. A slight decline in the second-hand market is anticipated, resulting in a 1.7% decrease in smartphone panel shipments to approximately 2.032 billion units.
TrendForce notes that growth trends among major panel suppliers vary. BOE continues to lead globally in smartphone panel shipments, with projected shipments of 593 million units in 2024 and a 2.8% increase to 610 million units in 2025. Samsung Display, the second-largest supplier, benefits from Apple’s demand for AMOLED panels, with shipments expected to reach 376 million units in 2024.
However, Apple is likely to diversify its supplier base in 2025, potentially causing Samsung’s smartphone panel shipments to decline slightly by 3.1% down to 365 million units. HKC, which ranks third, is experiencing rapid growth thanks to cost advantages from its G8.6 production line, with shipments expected to rise from 219 million units in 2024 to 230 million units in 2025—an increase of 4.8%.
Fourth place CSOT has strengthened its partnership with Xiaomi since 2022. The company’s shipments are forecast to reach 191 million units in 2024, marking a 62.9% YoY growth, with a slight increase to 192 million units in 2025. Tianma, ranking fifth, is projected to maintain stable shipments, reaching 188 million units in 2024 and remaining steady in 2025 as a decrease in LTPS LCD demand is offset by an increase in AMOLED demand.
TrendForce points out that demand for AMOLED smartphone panels remains robust in 2024, sustaining high utilization rates across major panel makers, a trend expected to continue into 2025. However, demand for LTPS LCD panels—mainly used in mid- to low-end devices—is gradually weakening, posing a greater challenge for suppliers focused on this technology.
By region, Taiwanese panel makers are seeing their a-Si LCD market share gradually squeezed by HKC’s rapid growth. Japanese panel makers are experiencing a steady decline in market share as they exit the smartphone market. In contrast, Korean panel makers maintain an advantage in the high-end smartphone market due to their advanced flexible AMOLED technology, with a market share of around 20% to 21%. Chinese panel makers are expanding their share in the mid- to high-end AMOLED and low-end a-Si LCD markets. Their global market share is expected to reach 68.8% in 2024 and potentially exceed 70% in 2025, solidifying their critical role in the global smartphone supply chain.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Aircraft Wire and Cable Market to surpass USD 3.2 Billion by 2034
10/30/2025 | Global Market Insights Inc.The global aircraft wire and cable market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 5.9% to reach USD 3.2 billion by 2034, according to recent report by Global Market Insights Inc.
The Training Connection Continues to Grow with Addition of Veteran IPC Trainer Bill Graver
10/30/2025 | The Training Connection LLCThe Training Connection, LLC (TTC-LLC), a premier provider of test engineering and development training, is proud to announce the addition of Bill Graver to its growing team of industry experts. A respected professional with more than 35 years in electronics manufacturing, Bill joins as an IPC Master Trainer, bringing a wealth of hands-on experience in PCB testing, failure analysis, and process improvement.
I-Connect007 Welcomes New Columnist: Leo Lambert, EPTAC
10/30/2025 | I-Connect007I-Connect007 is excited to announce a column by Leo Lambert, an industry veteran with 40 years of experience, an award winner, and technical director at EPTAC. This column, Learning With Leo, will explore the evolution and related challenges of electronics product assembly, especially as it relates to training.
On the Line With… Ultra HDI Podcast—Episode 7: “Solder Mask: Beyond the Traces,” Now Available
10/31/2025 | I-Connect007I-Connect007 is excited to announce the release of the seventh episode of its 12-part podcast series, On the Line With… American Standard Circuits: Ultra HDI. In this episode, “Solder Mask: Beyond the Traces,” host Nolan Johnson sits down with John Johnson, Director of Quality and Advanced Technology at American Standard Circuits, to explore the essential role that solder mask plays in the Ultra HDI (UHDI) manufacturing process.
AI Triggers Next Paradigm Shift in PDN
10/23/2025 | Istvan Novak, SamtecArtificial intelligence (AI), together with machine learning (ML), is creating an unprecedented surge of computing and networking infrastructure needs. This, in turn, has dramatically increased the power consumption of computing and networking chips.