Market updates - Page 3

Omdia says that in 2028, LTPO will overtake LTPS as the leading smartphone OLED backplane technology. By 2031, smartphone LTPO OLED panel shipments will reach 520 million units, with a 52% market share (of all smartphone OLED displays).

Omdia sees the smartphone OLED market rising in the next 10 years. In 2031, over one billion OLED smartphone panels will ship. In 2024, Omdia sees a sharp increase of 24% in smartphone OLED shipments (compared to 2023), which will surpass 800 million units. 

Samsung Display posted its financial results for Q2 2024, with $5.5 billion in sales and $730 million in operating profit. The company says that its mobile AMOLED unit have seen sales growth, driven by solid demand for flagship products, along with effectively supporting new smartphone launches from key customers (i.e. mostly Apple).

SDC also saw increased sales of both IT OLEDs (mostly tablets and laptops), and gaming monitor panels. The company reported stable sales of QD-OLED TV panels. 

DSCC says that the OLED materials market will reach $2.12 billion in 2024, rising 24% over 2023. The market will continue growing at a 6% CAGR until 2028, reaching about $2.7 billion. DSCC details the revenue split between single-stack, tandem and multi-stack panels, saying that materials used in tandem OLED panels will grow at a fast rate of 30% CAGR from 2024-2028. 

The leading materials makers by revenue in 2024 will be UDC, DuPont, LG Chemical and Samsung SDI, holding a market share of 51% together. DSCC says that Chinese materials makers will increase their market share in the future. 

According to Omdia, sales of OLED panels in sizes over 9-inch (the company refers to these as Large Area Displays) will increase 124.6% in 2024. In 2023, the market contracted 25.7%, with the only exception being OLED monitor panels that grew in shipments.

In 2024, Omdia says that all application areas will see an increase in shipments - TVs, monitors, tablets and laptops. Only the company's "other" category will see a decrease in sales. In particular, tablet OLED shipments are projected to increase by 294% compared to 2023, largely due to Apple's adoption of OLEDs in the 2024 iPad Pro tablets. Laptop OLED sales will increase 152.6%, and monitors OLEDs will increase 139.9%. Finally, OLED TV panel shipments will increase 34.8%.

DSCC says that the AMOLED industry (mainly smartphones and IT applications) is still in oversupply, and this will remain so until 2028 - but demand is expected to increase faster than capacity and so the oversupply will gradually decline to 2028.

Regarding OLED TVs, demand will increase and fab utilization will improve - but in this market DSCC also sees an oversupply situation to 2028 at least (a surplus of 22% in 2028).

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Samsung Electronics says that a it has sold over 20,000 units of its new QD-OLED monitors, the Odyssey G8 and G6 in a month. The company says that the new monitors are popular in Europe, North America - and Southeast Asia.

A couple of months ago IDC says Samsung is leading the OLED monitor market, with a 34.7% market share by revenue (and 28.3% market share by shipments. Samsung Electronics started selling OLED monitors in 2023.

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DSCC says OLED revenues are expected to grow 12% in 2024 and reach $44 billion. OLED panel shipments will grow 18% in 2024. The fastest growing OLED market segments are tablets and monitors.

OLED tablet panel shipments will increase 202% in 2024, and this will result in a 632% increase in revenues, driven mostly by Appe's first adoption of OLED panels in its 13" and 11.1" iPad Pro tablets. OLED monitors will grow slower, but still impressively - 80% in shipments, and 45% in revenues.