TrendForce Consultancy: It is expected that the shipment volume of mobile phone panels will decrease slightly by 1.7% year-on-year in 2025.

According to the latest survey by TrendForce, although the overall mobile phone market is estimated to grow by only 3% in 2024, the increase in demand for second-hand and refurbished phones is driving the growth of the mobile phone panel market. It is estimated that this year's shipment volume will reach 2.066 billion pieces, an increase of 6.7% year-on-year. In 2025, due to stable demand for new phones, the mobile phone market may return to a period of stable supply and demand cycle, while the demand for second-hand phones is expected to remain stable or slightly decrease, leading to a 1.7% decrease in mobile phone panel shipments year-on-year, estimated at 2.032 billion pieces. TrendForce Consulting stated that the shipment forecasts of major panel suppliers show different growth trends. BOE BOE (BOE) ranks first in global smartphone panel shipments, with an estimated shipment of 593 million pieces in 2024 and is expected to reach 610 million pieces in 2025, an annual increase of 2.8%. Samsung Display (SDC) Ranked second, Samsung Display (SDC) benefits from Apple's support for AMOLED panel demand. The shipment in 2024 is expected to be 376 million pieces, but in 2025, Apple may increase the supply proportion from other suppliers, which may cause a slight decrease in Samsung Display's mobile phone panel shipment to 365 million pieces, a 3.1% decrease. HKC The rapidly growing HKC ranks third. With the cost advantage of the G8.6 generation line, the shipment in 2024 is estimated to be 219 million pieces, and it is expected to increase to 230 million pieces in 2025, a 4.8% increase. CSOT Ranked fourth, CSOT has been closely cooperating with Xiaomi since 2022. The estimated shipment in 2024 is 191 million pieces, with a growth rate of 62.9%, and is expected to slightly increase to 192 million pieces in 2025. Tianma The fifth-ranked Tianma is expected to ship 188 million pieces in 2024. In 2025, due to the decrease in LTPS LCD demand but an increase in AMOLED demand, the probability of a flat shipment volume is higher. TrendForce Consulting pointed out that the overall demand for AMOLED mobile phone panels remains strong in 2024, driving the high capacity utilization rates of major panel factories. It is expected that this trend will continue in 2025. However, the demand for LTPS LCD used in mid-range and low-end phones is gradually decreasing, and suppliers using this technology will face greater challenges. Analyzing the market situation in various regions, Taiwanese panel factories' a-Si LCD market share is gradually decreasing due to the rapid growth of HKC; Japanese panel factories' market share is declining year by year due to rapid exit from the mobile phone market. In comparison, Korean panel factories maintain their advantages in the high-end smartphone market with advanced flexible AMOLED technology, with a market share of about 20% to 21%. Mainland Chinese panel factories have rapidly expanded their market share to 68.8% in 2024 due to the rapid expansion of demand for mid-to-high-end AMOLED and low-end a-Si LCD, and may exceed 70% in 2025, playing a key role in the global smartphone supply chain.