Omdia predicts: Mobile phone LTPO OLED panel shipments will reach 520 million units in 2031, with a compound annual growth rate of 8%

【ITBEAR】According to the latest report released by market research agency Omdia, it is expected that by 2031, the shipment volume of LTPO (low temperature polycrystalline oxide) OLED screens used in smartphones will increase significantly, reaching 520 million tablets. This significant increase in shipments heralds the widespread application and future development potential of LTPO
OLED technology in the smartphone market. The report further pointed out that by 2031, LTPO
OLED’s market share in smartphone OLED display shipments is expected to climb to 52.0%, surpassing the current mainstream LTPS (low temperature polysilicon) OLED technology. This prediction highlights the strong growth momentum and market dominance of LTPO
OLED in the future. According to the editor's understanding, smartphone OLED screen shipments are expected to exceed 800 million units in 2024, with a year-on-year growth rate of 28.8%. By 2031, this number is expected to further increase to more than 1 billion pieces. At the same time, the shipment volume of LTPS
OLED is expected to show negative growth, with a compound annual growth rate (CAGR) of approximately -1.0%, while the shipment volume of LTPO
OLED will maintain a strong growth momentum, with a compound annual growth rate (CAGR) of approximately reached 8.0%.

Before 2020, almost all OLED displays used on smartphones used LTPS drive circuits.

However, with the continuous advancement and innovation of technology, LTPO drive circuits have gradually emerged. Since Samsung Electronics first applied LTPO drive circuits on its Galaxy Note 20 Ultra, the technology has been adopted by a number of flagship smartphones, including Apple iPhone 13 Pro/Pro Max, Google Pixel 7 Pro, Motorola Razr and Huawei Mate X5. .

In addition, as LTPO OLED technology continues to mature and its application areas expand, its applications are extending from smartphones to smart watches, tablets and other fields. This trend has prompted panel manufacturers to develop various types of LTPO drive circuits based on the characteristics of different OLED products to meet the diverse needs of the market. -->

The above is the detailed content of Omdia predicts: Mobile phone LTPO OLED panel shipments will reach 520 million units in 2031, with a compound annual growth rate of 8%. For more information, please follow other related articles on the PHP Chinese website!