According to the latest report, in the context of the growing demand for OLED foldable screens in the global smartphone market, Korean panel manufacturers are planning to increase the production of OLED foldable screens to meet the strong market demand. This measure will further consolidate South Korea's leading position in the global OLED foldable screen market, and also bring new development opportunities to the smartphone industry.
As a major global supplier of OLED panels, Samsung Display and LG Display from South Korea have been committed to researching and producing high-quality OLED foldable screens. With the gradual expansion of the foldable screen mobile phone market, these two companies are actively adjusting their production capacity to meet the growing market demand.
Samsung Display Company stated that in order to meet market demand, the company plans to increase the production of OLED foldable screens in the coming years. It is reported that Samsung Display will invest in a new production line at its factory in South Korea to expand the production capacity of OLED foldable screens. In addition, the company will strengthen cooperation with domestic and foreign customers to ensure the stability of the supply of foldable screens.
At the same time, LG Display is actively expanding into the OLED foldable screen market. It is reported that LG Display plans to start producing foldable OLED panels within 2021 and plans to gradually increase production in the coming years. The company stated that through technological innovation and capacity expansion, LG Display will be committed to providing customers with high-quality OLED foldable screen products.
The strong market demand is the main reason why Korean panel manufacturers are increasing the production of OLED foldable screens. With the popularization of 5G networks and the recovery of the smartphone industry, the demand for high-end smartphones from consumers continues to grow. Folding screen smartphones have been warmly sought after by the market due to their unique form and innovative experience. In this context, major mobile phone manufacturers have launched foldable screen phones, further promoting the prosperity of the OLED foldable screen market.
Industry insiders analyze that increasing the production of OLED foldable screens by South Korean panel manufacturers will have the following impacts on the global smartphone market:
The price of foldable phones is expected to decrease: With the increase in production, the cost of OLED foldable screens will gradually decrease, making the price of foldable phones more affordable and promoting market popularization.
The foldable screen mobile phone market will further expand: Korean panel manufacturers will increase production and provide sufficient supply guarantee for the foldable screen mobile phone market, helping major mobile phone manufacturers launch more foldable screen products.
Intensified technological competition: In order to compete for market share, Korean panel manufacturers will continue to increase research and development investment, promote innovation and upgrading of OLED foldable screen technology.
Benefits for upstream and downstream enterprises in the industry chain: With the expansion of the foldable screen market, relevant upstream and downstream enterprises in the industry chain will benefit, such as equipment manufacturing, material supply, assembly production, and other links.
Faced with market competition, Korean panel manufacturers need to pay attention to the following challenges while increasing the production of OLED foldable screens:
Technical challenges: There are many technical challenges in the production process of OLED foldable screens, such as folding lifespan, display effects, etc., which need to be continuously improved
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