Omdia says that China's OLED makers have been making rapid progress with their foldable OLED capabilities, to the point that in the first half of 2024, China's production of foldable OLED panels will surpass Korea's.
Omdia predicts that in the first half of 2024, Samsung Display will produce 5.7 million panels, while China's producers will produce 6.4 million panels. The market is set to grow quickly, from 10.7 million units in 2021 to 30 million panels in 2024. The market leader remains Samsung (47% in 2024H1), followed by BOE (40%), Visionox (9%) and TCL CSoT (4%).
Recently we have seen foldable OLED makers in China introduce new technologies, such as LTPO backplane, Touch on TFE, VRR, high peak brightness, ultra-thin foldable glass and more. These innovations contributed to a new range of foldable phones from leading Chinese brands (including Huawei, Honor, Motorola, Oppo, Vivo, Xiaomi and more) that have been successfully introduced to the market
