In the second half of the year, mobile phone giants pushed forward foldable new machines, benefiting MIM parts and chain suppliers.
According to Taiwan's Electronic Times today, mobile phone manufacturers such as Xiaomi, OPPO, vivo and Samsung are planning to launch new foldable smartphones in Q3.
Among them, Xiaomi has previously launched the Mix Fold for about 10,000 yuan, and plans to launch a new foldable smartphone in the second half of this year, which may be lower than Mix Fold. Oppo has launched the foldable concept model Oppo X 2021 and is expected to commercialize it later this year.
Samsung has decided this year not to launch a high-end Note series, but to focus on foldable smartphone series such as Galaxy Fold and Galaxy Z Flip. At the end of March, it was reported that Samsung was developing another double-fold mobile phone, * which may have been launched by the end of this year. At the same time, Samsung also plans to increase the shipment of foldable mobile phones to more than 10 million units per year.
It is worth mentioning that at the end of April, some media quoted industry sources to point out that Huawei also plans to launch three new foldable smartphones in the second half of 2021, which will aim at the entry-level market at a low price to stimulate demand and sales.
In this way, in addition to Apple, several mobile phone brand giants may gather in the foldable mobile phone market in the second half of the year, and the relevant industrial chain is in good condition.
Foldable mobile phones become the next innovative selling point. The new super replacement cycle will start.
New models of foldable smartphones continue to be launched, and 2021 is expected to be an intensive year in the history of folding screen mobile phones. Industry insiders believe that the era of folding screen mobile phones may really come.
Under the foldable wave, institutions are optimistic about future shipments. Digitimes Research predicts that shipments of foldable smartphones worldwide are expected to reach 7 million this year, which is higher than the estimate of 2.8 million a year ago. Qunzhi Consulting is even more optimistic about this market. It is expected that the global shipment of foldable mobile phones is expected to exceed 10 million in 2021, approaching 11 million. Strategic Analytics previously predicted that global shipments of foldable smartphones will increase from less than 1 million in 2019 to 100 million in 2025.
Tianfeng International believes that after 5G, folding phones are the next innovative selling point of high-end mobile phones. And the fast-growing folding mobile phone market has become a must-have place for soldiers of major mobile phone brands. Folding mobile phones are expected to drive the next super replacement cycle of high-order mobile phones.
Downstream demand volume Domestic manufacturers have the opportunity to take the lead
With the rapid growth of the folding mobile terminal market, companies related to the industrial chain are expected to usher in opportunities.
The first is the panel. According to Omdia, shipments of foldable display panels are expected to increase from about 4.2 million to 73.6 million units in 2020-2027, with a market penetration rate of 4.91% and a CAGR of 150%. Among them, flexible AMOLED is favored by intelligent terminals because of its multiple advantages such as high contrast, high color reduction effect, bending, foldability, better durability, etc.
Xu Tao's team, an analyst at CITIC Securities, also believes that the foldable AMOLED flexible screen is a * large cost increment of folding screen mobile phones. It is recommended to pay attention to TCL technology and BOE A.
BOE has entered the Samsung electronic supply chain for the first time in March, and will supply flexible OLED panels for some models of Samsung folding mobile phones from the second half of this year. BOE will also operate its sixth generation flexible third OLED production line from October, with a production capacity of 48,000 baseboards/month in the stage, the second and third The phase will be put into production in March and October 2022, respectively, and each phase will increase the production capacity of 16,000 substrates per month.
Another domestic panel faucet TCL Huaxing also supplies folding screens for Motorola Razr mobile phones and AMOLED curved screens for Xiaomi;
In addition, the main plant of Shentianma's 6th generation flexible AMOLED production line project has been capped at the beginning of the month. It is expected that the equipment will be moved into work in the second half of this year and put into production in 2022.
Weixinnuo Kunshan 5.5-generation flexible AMOLED production line and Gu'an 6th generation flexible AMOLED production line have been mass-produced, and Hefei 6-generation flexible AMOLED production line is expected to be put into production this year.
Industry analysts are also optimistic about the localization trend of flexible AMOLED panels, believing that China has strong strength in the field of flexible AMOLED, the production yield of mainstream manufacturers has entered the range of 65%-90%, and the production cost is approaching LCD, which is expected to usher in an increase in orders and shipments.
The second is UTG. Wang Pingyang, an analyst at Soochow Securities, believes that UTG glass has remarkable advantages in bending characteristics, water and oxygen barrier performance, material performance, etc., and will become a new generation of folding screen technology solutions.
Among domestic manufacturers, Changxin Technology * has obvious advantages, and the thinning production capacity and market share of the panel are the first in China, and the leading position is significant. Vog Optoelectronics has mastered the thinning technology of photoelectric glass in China, with a prominent market position. Kaisheng Technology's business covers research and development and development such as TFT glass thinning, flexible ITO conductive film and so on. Sales, it is also planned to invest 1.025 billion yuan to build the second phase of the UTG project.
There is also a chain. The above-mentioned research report of Soochow Securities believes that the chain is the core precision component of the folding screen, and it is also the part with high scientific and technological content * in the folding screen.
Dongmu Co., Ltd. has become an important supplier of MIM parts and merciproc chain supplied by Huawei; Changying Precision actively layouts the development of folding mobile phone hinge systems and parts; Precision Technology is mainly engaged in the research and development and sales of MIM core components products, and has accumulated high-quality customer resources such as Apple and Samsung.