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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Display technology has been seeing a lot of major developments since the past few years and South Korea is the leading country as two of the largest display manufacturers are based there — Samsung Display and LG Display.

However, it seems that China isn’t far behind and could soon catch-up with South Korea in terms of market share for the display panels. As per the report coming from Omdia (via The Elec), China’s display panel sales will reach $42.5 billion this year.

This accounts for around 36.3 percent of the market share. At the same time, it is reported that South Korea is expected to have sales of around $43.6 billion, which converts around 37.3 percent of the market share.

Checking the previous data, South Korea occupied around 40.1 percent of the market with sales of $44.1 billion. On the other hand, China had just 31 percent market, posting sales worth around $34 billion.

The report claims that South Korea’s sales will drop by 1.1 percent this year while that of China will see an increase of 25 percent. Thus, China will be able to reach the level of South Korea for display panel sales.

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Most of the sales for South Korea now comes from OLED panels as one of the major companies for the displays — Samsung has left the LCD market and is just focusing on OLED and other display types.

In the year 2019, South Korea’s OLED panel sales accounted for 88.4 percent while that of China accounted for just 10.1 percent. However, China has been leading the LCD panel market for over two years now.

In order to boost its market, China is planning to commence its 14th 5-year plan this year in which the country is focusing on developing core materials and equipment on its own and focus more on the localized supply chain.

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Huawei has been releasing new smartphones at regular intervals, despite the company being restricted by the United States from sourcing technologies and components that are powered by or uses American technology.

But, with passing time, the company seems to be slowing getting its way forward as companies are being granted a license to continue doing business with the Chinese giant. After the likes of AMD and Intel, it is now Samsung which has received a green node from the United States government.

As per the report from Reuters, Samsung Display, a division of South Korean giant Samsung that develops display technologies, has been granted a license to continue supplying certain display panel products to Huawei Technologies.

But, it is still not clear whether Samsung Display will be able to export its OLED panels to Huawei as other firms in the supply chain that makes components necessary to manufacture panels would also have to get U.S. licenses.

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Recently, LG Display, the rival of Samsung Display, had said that it needs to get a license to continue doing business with Huawei along with other companies are in the supply chain for making the display panels.

All the major companies that were doing business with Huawei before the tighter restrictions imposed by the U.S. have applied for required licenses to continue doing business with the Chinese giant.

Intel recently confirmed that it has been granted a license to supply chipsets to Huawei which are used in the company’s laptop products. Other companies like Qualcomm, MediaTek, Sony, Samsung Electronics, SK Hynix, and Kioxia, among others have also applied for a license with the United States.

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