(Yicai Global) April 19 -- Shipments of organic light-emitting diode panels from China are set to jump by 40 percent this year, according to one analyst, amid an increase in the number of Chinese smartphone brands using the high-end screens. 

More than 220 million Chinese OLED display panels will be shipped this year, accounted for 38 percent of the world’s total and up 10 percentage points from 2021, Chen Jun, chief analyst at Sigmaintell, told Yicai Global. 

Chinese handset giant Xiaomi released its latest flagship model yesterday, the Xiaomi 13 Ultra, which has a flexible OLED screen made by Shenzhen-based TCL China Star Optoelectronic Technology. Huawei Technologies’ nova 11 series, which was released a day earlier, also has a flexible OLED display, provided by TCL CSOT and Beijing-based Visionox. 

TCL Technology, the parent company of TCL CSOT, told investors in March that its share of the OLED display market was rising and it was gaining more customers who were upgrading their products to the mid- and high-end levels. 

Another leading firm in China’s panel industry, BOE Technology, said in its recent investor survey event that shipments of its flexible OLED displays jumped 30 percent to 80 million last year. It has already shipped 30 million in the first quarter of this year and aims to move 120 million by the end of the year, it said.

According to a report published last month by researchers at Omdia, Samsung accounted for 56 percent of the global market for small and medium-sized OLED panels last year. BOE overtook LG Display to take second place, with their market shares at 12 percent and 11 percent respectively. Visionox ranked fourth with 6 percent and Shanghai-based Everdisplay Optronics was fifth with 5 percent.

Editors: Dou Shicong, Tom Litting