The domestic panel industry is gradually seeing the dawn. Can BOE surpass Samsung?

According to CINNOResearch's global mobile phone panel survey data, BOE's shipments surpassed South Korea's Samsung Display (SDC) for the first time, making it the world's largest smartphone panel manufacturer.

The top ten global smartphone panel manufacturers accounted for 87.8% of shipments, including No.1 BOE, No.2 Samsung Display SDC, No.3 Tianma, No.4 Innolux, No.5 HannStar, No.6 CSOT, No.7 Japan Display JDI, No.8 IVO, No.9 Century, and No.10 AUO.

In 2019, the global market shipment of smartphone panels was about 1.86 billion pieces, a year-on-year decrease of 2.6%. This is the third consecutive year of shipment decline since the first decline in global smartphone panel shipments in 2017. The main reasons are that on the one hand, the technological innovation of mobile terminals has not stimulated the market demand enough, and on the other hand, in order to launch new 5G phones, the supply chain focuses on controlling the inventory of old 4G products.

From a regional perspective, in 2019, only the smartphone panel shipments of panel factories in mainland China achieved a year-on-year growth of 16%, while shipments in Taiwan, Japan, and South Korea all declined to varying degrees. For the first time, smartphone panel shipments in mainland China accounted for more than half of the world's total, with a global market share of 53.2%.

However, it is worth noting that according to the 2019 smartphone panel shipment ranking released by IHSMarkit, Samsung and BOE ranked first and second with 410 million and 376 million panels respectively. In 2018 and 2019, Samsung's panels shipped no longer had LCDs, but were all AMOLED; BOE's shipments grew faster, but its total shipments still lagged behind Samsung, ranking second. (The data is different from that of CINNOResearch)