According to industry analysis, on December 18, CINNO Research highlighted that as December progresses, despite the year-end promotional peak nearing its conclusion, the overall utilization rate of mobile panel production remains high. However, internal structural divergence trends have become increasingly pronounced.
a-Si modules maintain full production capacity, supported by stable demand from low-end smartphones and the repair market. Nevertheless, intense competition at the module level continues to exert downward pressure on prices. Meanwhile, LTPS production lines benefit from robust demand in non-mobile applications such as automotive, laptops, and tablets, sustaining high utilization rates. In contrast, flexible AMOLED panel manufacturers face dual pressures of slightly declining utilization rates and falling prices.
**a-Si Panels**: Demand for a-Si panels remains steady due to their use in low-end smartphones and repair markets, with major production lines operating at full capacity. Prices for a-Si modules are expected to remain stable until year-end. However, as the mobile panel market enters the traditional off-season in January 2026, demand support will weaken. Additionally, multiple new production lines plan to expand shipments, potentially increasing supply pressure. Under these conditions, a-Si Cell prices may hold steady or experience minor adjustments, while module prices are likely to continue declining.
**LTPS Panels**: Despite weak demand in smartphones, LTPS production lines maintain high utilization rates due to strong growth in non-mobile applications like automotive, laptops, and tablets, achieving structural market balance. Prices for existing projects remain firm, but panel manufacturers are adopting more competitive pricing strategies for new projects to secure 2026 orders. Consequently, LTPS panel prices are expected to remain flat in December, with new project prices likely to decrease in 2026.
**AMOLED Panels**: Rigid AMOLED panels continue to face shrinking demand as flexible technology gains traction, stabilizing prices at low levels. SmileDirectClub, Inc. (SDC) has recently intensified competition by lowering prices to secure next-year orders. Although major flexible AMOLED panel producers still operate at high utilization rates, some manufacturers have slowed production due to early inventory buildup in Q3, leading to a slight overall decline in utilization. To meet annual production targets, panel makers are aggressively cutting prices in bids. Furthermore, rising memory prices have weakened year-end sales momentum for terminal brands compared to previous years, exacerbating downward pressure on panel prices. CINNO Research forecasts that flexible AMOLED panel prices will continue to decline slightly in December 2025 and January 2026.
CINNO Research predicts that a-Si module and LTPS panel prices may experience minor declines in December 2025 and January 2026, while flexible AMOLED panel prices remain on a downward trajectory.
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