UBI Research says that shipments of medium and large area OLED panels (which the company defines as 10 inches and up) will reach 26.1 million units in 2022. The market is set for fast growth, and shipments will reach 69.5 million units by 2027.
The main application by revenue will be TV panels, over the whole projected period, and OLED TV panel shipments will reach 14.8 million units in 2027, and generate $9.18 billion in sales.
IT device shipments will start rising in 2024. In 2027, 19.7 million OLED laptop displays will ship, and tablet shipments will reach 23.3 million units (up from 2 million in 2023 and 7.2 million in 2024). That's a fast growth rate of 85.7% CAGR, fueled by demand from Apple to iPad displays.
Finally UBI Research sees automotive OLED displays also growing quickly, at a rate of 54.7% CAGR.
