Display panel shipments for foldable phones boost manufacturers

Statistics from Sigmaintell showed that BOE topped the domestic market with flexible OLED panel shipments of about 60 million units in 2021, becoming the world’s second-largest OLED maker next to Samsung Display. — Reuters

SHANGHAI: China has become the world’s largest display panel producer, with shipments of flexible organic light-emitting diode, or OLED, panels used in smartphones from Chinese manufacturers expected to enjoy a 42% share in overall OLED panel shipments worldwide in 2023, according to Sigmaintell Consulting, a Beijing-based market research firm.

Global shipments of foldable smartphones will increase from 14 million units in 2022 to 23 million units in 2023, said Chen Jun, vice-president and chief analyst of Sigmaintell.