UBI Research says that during the first quarter of 2025, Samsung Display shipped about 250,000 foldable OLED panels, far below the shipments of BOE, CSOT and Visionox. In May, the company ramped up its shipments dramatically (to 1.78 million units) as the company started to supply panels for Samsung Electronics' upcoming Galaxy Z Flip 7 and Fold 7 series.
During May and June, SDC will ship a total of 3.3 million foldable OLED panels. In the whole second quarter, SDC will hold a market share of 52%. Meanwhile, during Q2 2025, BOE shipped 1.8 million panels, TCL CSOT shipped 900,000 panels and Visionox shipped 500,000 panels.
UBI Research expects SDC to remain the top foldable OLED panel producer in the third quarter, and also further in the future as the company will be the exclusive supplier of foldable OLED panels to Apple's foldable phone that is expected to ship in 2026.
UBI says that global foldable OLED panel shipments increased from 15 million in 2022 to 21.8 million in 2023 and 25 million units in 2024. In 2025, the company expects the market to reach 30.8 million. By 2029, the market will surpass 50 million units.
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