DisplaySearch.com recently issued a Quarterly Mobile Phone Shipment and Forecast Report, stating revenue for mobile displays is anticipated to grow 47 percent in 2011 and 19 percent in 2012 – estimating $22.4 billion in sales next year.

The spike, according to the report, is because of the growing trend in smartphone use. In 2010, revenue peaked at $12.8 billion, which makes the report’s prediction a sign of extraordinary growth.

“With mobile phone market growth occurring as a result of continuously growing emerging markets and the transition to smart phones, demand has increased for higher specifications, including display size, resolution, and technology,” noted Calvin Hsieh, senior analyst for DisplaySearch.com. “As a result, DisplaySearch.com forecasts continued growth for this segment into 2011 – reaching 1.8 billion units.”


Tags: displaysearch report, mobile display revenue, mobile phone market growth, smartphone growth, smartphone usage, Smartphone market