Demand for flexible OLED display panels has been on a rise but as per the new report from market research firm Omdia, the shipments of flexible OLED panels will be around 57 million units for the second quarter of this year.
This means that the shipments will witness a drop of 35 percent when compared to the previous quarter. This is being attributed to Q2 2021 being off-season and the drop of shipments in Apple iPhone models.
However, when compared Year-on-Year, the numbers represent an impressive increase of 54 percent. On the other hand, the report adds that the rigid OLED panel shipments will be around 53 million units in Q2 2021.
The report from Omdia claims that Samsung Display could ship more than 39.1 million units of flexible OLED panels in the second quarter of this year, which represents a drop of 42.8 percent from the previous quarter and an increase of 61.6 percent YoY.
On the other hand, LG Display is expected to ship 10.6 million units, indicating a drop of 41.1 percent from the previous quarter and an increase of 55.9 percent year-on-year. BOE, CSOT, Visionox, and Tianma are expected to ship 7.9 million units, 3.1 million units, 2.1 million units, and 1.4 million units, respectively in Q2 2021.
Previously, Samsung was one of the few smartphone manufacturers using flexible OLED panels for its Galaxy S-series and Note-series devices, along with Huawei and Apple. But that is now changing, with more brands adopting this new panel.
With the increase in demand, manufacturers for the flexible OLED panels have also increased as the likes of BOE and CSOT increasing their production capacity to compete against the market leader Samsung Display.
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