Omdia: Cover lens module market to encounter its first ever shipment decline in 2022

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LONDON, Sept. 21, 2022 /PRNewswire/ — As a results of components resembling inventory clean-up, inflation and geopolitical points influencing client system markets, Omdia estimates the duvet lens module shipments will inevitably lower from 6.36 billion items in 2021 to 6.01 billion items in 2022, down 4.5% 12 months on 12 months (YoY).

Cover lens end-market unit forecasts 2019-26

Kimi Lin, Senior Research Analyst at Omdia mentioned: “This is the first time that cover lens module shipments will record a decline in our experience. However, Omdia speculates shipments will slightly bounce back in 2023 if these influential factors can be relieved by the end of 2022. As for long-term forecasts, mild shipment decline could last for some years and depend on the market saturation and weak demands in IT and CE applications.”

Mobile cellphone functions account for the most important shipment share (48.7% in 2021). Alkali-based glass supplies together with soda lime, aluminosilicate, and lithium aluminosilicate are dominant in cell phone utility. Lithium aluminosilicate (37.7%) surpassed aluminosilicate (33.6%) and grabbed the most important shipment share in 2021. Glass ceramic materials accounted for 3.1% share in 2021 due to Apple’s adoption in the iPhone. In contras t, the Android manufacturers adoption charge of ceramic glass was low due to restricted capability.  Use of compound supplies is rising as a result of it’s a more cost effective possibility for rear-side cowl lens use than alkali-based glass supplies in the 3D type issue. Ceramic shipments for rear-side cowl lens use reached peak ranges in 2020 however have been anticipated to ultimately decline due to greater price and fewer provider sources.

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On the opposite hand, CPI (colorless polyimide) and UTG (ultra-thin glass) are extensively utilized on foldable AMOLED show gadgets (active-matrix natural light-emitting diode) resembling Samsung Galaxy Z Fold sequence, Samsung Galaxy Z Flip sequence, Huawei Mate X sequence, Xiaomi Fold sequence, OPPO Find N sequence, Moto Razr sequence, Honor Magic V sequence, and Vivo X-Fold sequence. Shipments of the foldable cowl lenses utilized in smartphones are nonetheless restricted. Omdia estimates shipments will progressively enhance whereas the associated fee and efficiency are additional improved in areas resembling resistance and crease in foldable telephones.

About Omdia

Omdia is a number one analysis and advisory group targeted on the know-how business. With shoppers working in over 120 international locations, Omdia offers market-critical information, evaluation, recommendation, and customized consulting.

Contact:

Fasiha Khan / T: +44 7503 666806 / E: fasiha.khan@omdia.com

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