Omdia estimates that mobile phone LTPO OLED panel shipments in 2031 will reach 520 million units, with a compound annual growth rate of 8.0%

According to news on August 9, market research agency Omdia released a report yesterday (August 8), predicting that by 2031, shipments of LTPO (low temperature polycrystalline oxide) OLED screens for smartphones will increase to 5.2 Billion pieces.

The agency estimates that LTPO’s market share in smartphone OLED display shipments is expected to reach 52.0% in 2031, surpassing LTPS (low temperature polysilicon) OLED.

Citing the agency’s estimates, smartphone OLED screen shipments will exceed 800 million units in 2024, a year-on-year increase of 28.8%, and are expected to exceed 1 billion units by 2031. The compound annual growth rate (CAGR) of LTPS OLED shipments is expected to be approximately -1.0%, while the CAGR of LTPO OLED shipments is expected to be approximately 8.0%.

1. Before 2020, almost all OLED displays for smartphones adopted LTPS drive circuits.

2. After Samsung Electronics first applied LTPO driver circuit to the OLED display of Galaxy Note 20 Ultra (2020), LTPO OLED has been adopted by Apple iPhone 13 Pro / Pro Max (2021), Google Pixel 7 Pro (2022) ), Motorola Razr (2023) and Huawei Mate X5 (2024) and other flagship smartphones.
3. In addition, the applications of LTPO OLED are expanding from smartphones to smart watches and tablets, prompting panel manufacturers to develop various types of LTPO driving circuits based on the characteristics of different OLED products.

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