In the current context of the gradual recovery of the global economy, competition in the smartphone market is becoming increasingly intense. According to statistics from CinnoResearch, global shipments of AMOLED smartphone panels in the first quarter of 2024 were about 190 million, a year-on-year increase of 44.6%, and demand continued to rise. In particular, with the rise of domestic screens in various market segments in the global smartphone market, high and low, they have achieved more than half of the overall shipment share.
Among them, Vicino (002387.SZ) continued its 23-year development trend and achieved a year-on-year increase of 232.4% in the first quarter, with a market share of 11.6%, ranking third in the world and second in the country. In contrast, Vicino's operating rate is at the upstream level of the industry, and all of its production lines maintain a high operating level.
Currently, the mid-size AMOLED display market is developing rapidly, focusing on global AMOLED in-vehicle displays. The scale is gradually expanding, and the penetration rate of AMOLED smart cockpits continues to increase. According to forecasts, the total global automotive display market will reach 245 million by 2028, with a compound annual growth rate of 4%.
While consolidating its position in the smartphone panel market, Vicino is actively developing the field of mid-size AMOLED in-vehicle displays, and has accelerated the expansion of this market segment through the release of a series of innovative applications.
At the Vicino High Quality Development and Innovation Conference and Global Partner Conference held in Hefei on April 18, Vicino focused on showcasing its many breakthroughs in the field of mid-size automotive display applications. This includes a 14.2-inch flexible AMOLED skidding in-vehicle central control solution. This product cleverly combines the flexibility and sliding characteristics of AMOLED, bringing unprecedented operational flexibility and visual experience to the smart cockpit. In addition, Vicente has also launched AMOLED curved suspended display solutions and transparent display solutions, continuing to increase the development of mid-size AMOLED automotive displays.