Market updates

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).

We're happy to announce an update to our Perovskite for the Display Industry Market Report. This market report, brought to you by the world's leading perovskite and OLED industry experts, is a comprehensive guide to next-generation perovskite-based solutions for the display industry that enable efficient, low cost and high-quality display devices. The report is now updated to July 2024, with all the latest commercial and research activity - including 9 new research papers, new company, new brochures, and commercial updates and more!

Reading this report, you'll learn all about:

• Perovskite materials and their properties
• Perovskite applications in the display industry
• Perovskite QDs for color conversion
• Prominent perovskite display related research activities

The report also provides a list of perovskite display companies, datasheets and brochures of pQD film solutions, an introduction to perovskite materials and processes, an introduction to emerging display technologies and more

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.

We are happy to announce a new edition to The OLED Toolbox, the OLED industry's leading information product that provides an unprecedented depth of OLED content, data, analysis and insights, written and compiled by the industry's leading portal, OLED-Info.com. The new edition includes all the latest updates, devices, companies and displays up until July 2024.

The OLED Toolbox presents an unparalleled array of resources, including guides, projections, analyses, and profound insights into the world of OLED displays and lighting. Never before has it been so easy to gain access to a complete OLED industry resource!

What you'll find inside

• OLED Guide: an expert guide to OLED technologies, the OLED market and the OLED industry, covering everything you need to know about OLEDs
• OLED Insights: OLED analysis and insights, covering all the latest and future trends and developments in the OLED industry
• OLED Spreadsheets: excel files with detailed information on the OLED market and industry (including OLED devices, fabs, microdisplays, automotive solutions and more)
• OLED Leaders: In-depth articles by leading OLED professionals to discuss industry and market topics
• OLED Library: Over 160 content items by industry players - brochures, catalogs, roadmaps, presentations and more.

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.

Omdia estimates that in 2024, OLED technology has finally overtaken LCD and now holds a market share of 53% in the smartphone display market. OLED penetration is expected to increase to 56% in Q3 2024.

Omdia further says that smartphone shipments have increased 5% in 2023 to reach 1.45 billion units, and the market will continue rising in 2024. 

DSCC says that shipments of OLED for tablets in Q1 2024 rose 131% from last year, to reach 1.72 million units, as Apple started to adopt OLEDs in its iPad tablets. In fact, shipments to Apple represented 47% of all OLED shipments in the quarter (following by Huawei at 25% and Samsung at 17%). 

DSCC sees the growth continuing to accelerate - and in Q2 2024 shipments will rise to 3.9 million units, or up 333% from Q2 2023, as Apple, Microsoft, Huawei and Samsung will all enjoy an increase in OLED tablet sales.