LG Display posted the highest share in the global AMOLED smartwatch display market last year.
Market research firm IHS Markit announced on July 9 that LG Display supplied a total of 10.64 million AMOLED smartwatch display panels last year with a market share of 41.4%. It was followed by Samsung Display (8.95 million, 34.8%), Everdisplay Optronics (4.17 million, 16.2%), AUO (1.47 million, 5.7%) and BOE (380,000, 1.5%).
LG Display’s lead can be attributed to its supply to Apple. Last year, LG Display and Samsung Display supplied Apple with 14.75 million OLED smartwatch panels and LG Display accounted for more than 70% of the combined supply. Apple is currently enjoying the highest share in the global smartwatch market and no company is likely to outstrip it before 2022.
According to industry sources, in the meantime, Apple’s new iPhones scheduled to be released in the second half of this year are expected to come with LG Display’s OLED panels. Some of them reported late last month that LG Display would supply two million to four million OLED panels for the iPhones. LG Display has made no comment about the rumor.