BOE’s logo is seen on a wall. [Photo/IC]

HONG KONG — Chinese companies gained a greater market share in smartphone AMOLED display panel shipments last year amid a rapidly-growing global market, a report said.

Consulting firm CINNO Research said in a research note that Chinese producers, led by BOE Technology Group, seized a 20.2-percent share in the global market in 2021, up 3.7 percentage points from a year ago.

BOE’s shipments surged 67.2 percent from a year ago to 60 million units, accounting for 8.9 percent of the world’s total, ranking second globally. It was followed by Visionox Co and Everdisplay Optronics (Shanghai) Co with a market share of 5.1 percent and 3 percent, respectively.

The global smartphone AMOLED screen market registered a robust increase last year despite challenges including a lingering chip shortage, with total shipments at 668 million units, up 36.3 percent.

The sector remained dominated by manufacturers from the Republic of Korea, which controlled nearly 80 percent of the market, the report said. The shipments of Samsung Display alone represented a share of 72.3 percent, down 4.2 percentage points from a year ago.