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Smartphone Display Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
SKU 2d80d7bbb43f Category

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The smartphone display market is witnessing rapid growth due to the increasing demand for smartphones worldwide. A smartphone display refers to the screen that provides visual output and interacts with users through touch or gestures. With advancements in technology and the ever-growing consumer base, the smartphone display market has become a highly competitive landscape.

The smartphone display market encompasses the production, sales, and distribution of displays used in smartphones. It includes various types of displays, such as LCD (Liquid Crystal Display), OLED (Organic Light-Emitting Diode), AMOLED (Active-Matrix Organic Light-Emitting Diode), and others. These displays play a crucial role in determining the visual quality, resolution, and overall user experience of smartphones.

Executive Summary:

The smartphone display market has experienced substantial growth in recent years. This growth can be attributed to factors like increasing smartphone adoption, technological advancements, and the demand for enhanced display features. The market has witnessed significant investments in research and development to improve display quality, reduce power consumption, and enhance durability.

Smartphone Display Market

Key Market Insights:

  1. Rising Demand for OLED Displays: OLED displays are gaining popularity due to their superior visual quality, flexibility, and power efficiency compared to LCD displays. The demand for OLED displays is expected to witness steady growth in the coming years.
  2. Technological Advancements: The smartphone display market is driven by constant technological advancements. Manufacturers are focusing on developing foldable displays, bezel-less designs, and high-resolution screens to cater to consumer preferences.
  3. Growing Smartphone User Base: With the increasing penetration of smartphones worldwide, the demand for smartphone displays is also rising. Emerging economies, in particular, are witnessing a surge in smartphone adoption, contributing to market growth.

Market Drivers:

  1. Increasing Consumer Expectations: Consumers today expect smartphones to have larger screens, higher resolutions, and vibrant colors. This drives manufacturers to invest in advanced display technologies to meet these demands.
  2. Evolution of 5G Technology: The advent of 5G technology is expected to boost the demand for smartphones with higher processing power and improved displays to support faster data transfer and streaming capabilities.

Market Restraints:

  1. High Manufacturing Costs: The production of advanced smartphone displays involves complex manufacturing processes, which can be expensive. This poses a challenge for manufacturers in terms of cost optimization and affordability.
  2. Intense Competition: The smartphone display market is highly competitive, with numerous players vying for market share. This intensifies pricing pressures and requires manufacturers to continually innovate and differentiate their products.

Market Opportunities:

  1. Growing Demand for Foldable Displays: The emergence of foldable smartphones presents a significant opportunity for the smartphone display market. Foldable displays offer a unique user experience and open up possibilities for innovative designs.
  2. Increasing Adoption of Augmented Reality (AR) and Virtual Reality (VR): AR and VR applications require high-quality displays to deliver immersive experiences. As the adoption of AR and VR technologies expands, the demand for advanced smartphone displays will rise.

Market Dynamics:

The smartphone display market is dynamic and influenced by various factors, including technological advancements, consumer preferences, and market competition. Manufacturers need to stay agile and adapt to changing market dynamics to maintain a competitive edge.

Regional Analysis:

The smartphone display market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dominates the market due to the presence of major smartphone manufacturers, a large consumer base, and rapid technological advancements.

Competitive Landscape:

The smartphone display market is highly competitive and fragmented. Key players in the market include Samsung Display, LG Display, BOE Technology Group Co., Ltd., Tianma Microelectronics Co., Ltd., and Japan Display Inc. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence.


The smartphone display market can be segmented based on display type, technology, screen size, resolution, and application. Display types include LCD, OLED, AMOLED, and others. Technologies include TFT-LCD, IPS-LCD, LTPS-LCD, and others.

Category-wise Insights:

  1. LCD Displays: LCD displays have been widely used in smartphones due to their cost-effectiveness and reliability. However, their market share is gradually decreasing as OLED displays gain popularity.
  2. OLED Displays: OLED displays offer better contrast ratios, deeper blacks, and wider viewing angles compared to LCD displays. They are becoming the preferred choice for high-end smartphones.

Key Benefits for Industry Participants and Stakeholders:

  1. Revenue Generation: The smartphone display market presents significant revenue opportunities for manufacturers, suppliers, and distributors involved in the production and distribution of smartphone displays.
  2. Technological Advancements: Industry participants benefit from technological advancements as they enable the development of innovative displays and drive market growth.

SWOT Analysis:


  • Technological expertise and innovation capabilities
  • Wide consumer base and growing smartphone adoption
  • Increasing demand for advanced display features


  • High manufacturing costs
  • Intense market competition
  • Potential supply chain disruptions


  • Growing demand for foldable displays
  • Increasing adoption of AR and VR technologies
  • Expansion into emerging markets


  • Rapid technological advancements leading to product obsolescence
  • Intellectual property disputes
  • Economic uncertainties impacting consumer purchasing power

Market Key Trends:

  1. Shift towards Bezel-less Designs: Smartphone displays with minimal bezels are becoming increasingly popular, providing an immersive viewing experience and maximizing the screen-to-body ratio.
  2. Focus on High Refresh Rates: Manufacturers are incorporating higher refresh rates in smartphone displays to deliver smoother animations and improved gaming experiences.

Covid-19 Impact:

The smartphone display market faced disruptions during the COVID-19 pandemic due to supply chain constraints, manufacturing delays, and reduced consumer spending. However, with the gradual recovery of economies and the pent-up demand for smartphones, the market is expected to regain momentum.

Key Industry Developments:

  1. Introduction of Foldable Displays: Major smartphone manufacturers have launched foldable smartphones with flexible displays, revolutionizing the market and driving innovation in smartphone designs.
  2. Advancements in MicroLED Technology: MicroLED displays offer superior image quality, energy efficiency, and durability. Ongoing research and development in this field are expected to impact the smartphone display market positively.

Analyst Suggestions:

  1. Continuous Innovation: Manufacturers should focus on developing displays with improved resolution, color accuracy, and power efficiency to meet evolving consumer expectations.
  2. Strategic Partnerships: Collaborations between smartphone manufacturers and display suppliers can foster technological advancements and enhance market competitiveness.

Future Outlook:

The smartphone display market is poised for significant growth in the coming years. Technological advancements, increasing smartphone adoption, and the growing demand for enhanced visual experiences will be key drivers for market expansion. However, manufacturers must overcome challenges related to costs, competition, and supply chain management to thrive in this dynamic industry.


The smartphone display market is witnessing substantial growth driven by technological advancements, consumer demands, and expanding smartphone user bases. Manufacturers need to invest in research and development to innovate and differentiate their products. By staying responsive to market dynamics, leveraging emerging opportunities, and delivering high-quality displays, industry participants can position themselves for success in the competitive smartphone display market.

Smartphone Display Market

Segmentation Details Information
Type LCD (Liquid Crystal Display), OLED (Organic Light Emitting Diode)
Size Small, Medium, Large
Region Global

Leading Companies in the Smartphone Display Market

  1. Samsung Display Co., Ltd.
  2. LG Display Co., Ltd.
  3. BOE Technology Group Co., Ltd.
  4. Japan Display Inc.
  5. Sharp Corporation (Foxconn)
  6. AU Optronics Corporation (AUO)
  7. Innolux Corporation
  8. Tianma Microelectronics Co., Ltd.
  9. Visionox Co., Ltd.
  10. Truly International Holdings Limited

North America
o US
o Canada
o Mexico

o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

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