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. 

Researchers from Soochow University and the University of Muenster have developed a method to produce ultra high resolution OLED microdisplays - with up to 20,000 PPI.

To achieve such high resolution, the researchers used a method they refer to as "first surface patterning and then patterned growth". The idea is that the substrate is first patterned using lithography, and then the organic materials are deposited. Following the substrate treatment, the organic materials are diffusing on the substrate, selectively grown on the designated areas.

LG Display has decided to sell its last LCD production line, as the company plans to completely focus on OLED display technology. TCL CSoT will buy the fab, in Guangzhou, China, for about $1.5 billion.

The two companies hope to complete the transaction by the end of 2024. The fab, originally built in 2014, produces LCD TV panels. 

Universal Display Corporation reported its financial results for Q2 2024, with revenues of $159 million (up 8% from Q2 2023 and a net income of $52 million (up from $50 million in Q2 2023). The company ended the quarter with $879 million in cash and equivalents.

UDC says it believes the OLED market's trajectory is robust, and it is raising the lower end of its annual guidance, now saying that its revenues will be in the range of $645 million to $675 million.