Market research firm Omdia says that the global smartphone market is shrinking, and is set to fall 18% in 2022 to 1.425 billion units. LTPS AMOLED display shipments will decline 19% compared to 2021 to 44 million units (LCDs will decline even faster at 26%).
The only segmented that Omdia says is growing is the LTPO AMOLED one, with a fast growth of 94% in 2022 (to 148 million units), and will continue to grow in 2023 (25%).
As LTPO AMOLED displays are mostly produced by Samsung Display and LGD, the growth in LTPO AMOLED displays increased the gap between the Korean markers and their Chinese counterparts. The revenue share of LGD and SDC out of the total display market grew to 64% in 2022 from 58% in 2021.