Samsung Display a major display maker in South Korea, said Tuesday it has developed a low-power consumption organic light-emitting diode (OLED) panel for smartphones.

Its OLED display became the industry's first TV panel to win an accreditation from Eyesafe, a U.S.-based eye protection certification agency, according to LG Display.

According to a new report from market research firm Omdia, Samsung's sales for OLED panels will exceed $5.18 billion in Q1 2021, thanks to an increase in the adaptation of OLED screens.