Smartphone manufacturers are now moving ahead with the increased usage of OLED screen panels despite the COVID-19 pandemic and sanctions from the United States, as per the report from market research firm UBI Research.
The report adds that about 57 smartphones have been launched in China in the first quarter of this year that uses OLED screen panel. This is double the models launched in the same duration last year.
The UBI Research report adds that companies like OPPO, Vivo, and Xiaomi are launching new smartphones with OLED panels to fill the gap left by the Chinese giant Huawei because of the sanctions from the United States.
With the uptick in the number of such devices, there’s an increase in the sales for the Chinese panel makers. It adds that the smartphone OLED sales have reached $990 million in the first quarter of this year, representing an increase of 38.3 percent YoY.
The growth is attributed to Chinese panel makers manufacturing high-resolution OLED panels, resulting in increased unit prices. However, the report notes that the Chinese panel makers’ use of organic material didn’t increase much. Last year, around 13.8 metric tonnes of organic light-emitting material were used.
Now, more and more China-based smartphone manufacturers are launching smartphones in the mid-to-high-end segment. To meet the demand, the Chinese panel makers are also developing their own foldable OLED panels.
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