Samsung Display led the global OLED display market in Q1 / 2020

According to the latest data released by Strategy Analytics , the Samsung Display division continues to lead the global OLED display market in Q1 / 2020 despite the impact of the Covid-19 pandemic.

Specifically, total revenue of Samsung Display in Q1 last year increased by 3% compared to the same period last year. Notably at this time, the total revenue of the screen market is 9 billion USD.

In particular, OLED screens almost lead the market with increasing demand. LCD monitors, on the other hand, are facing an oversupply and declining demand.

Not surprisingly, OLED screens are emerging as alternatives to LCDs in the near future.

Especially, Samsung Display has been a pioneer in applying OLED displays for Samsung products for a long time and is supplying OLED panels to many other smartphone brands, including Apple.

Of course, the demand for OLED displays also means that Samsung Display benefits greatly. Not to mention, Samsung Display’s market share accounts for 52% of the global smartphone display market.

BOE Technology and Tianma are currently the two companies behind Samsung in terms of market share in the screen market.

Previously another report pointed out, the demand for LCD monitors is decreasing sharply. And Samsung Display was really wise to stop all LCD production lines by the end of this year and soon switch to OLED.

Thanks to being proactive in the race from the beginning, success also comes with Samsung Display being more intense since it successfully developed the foldable OLED screen line.

Refer to Sammobile