Omdia: OLEDs for Mobile PC Forecast to Grow 34% CAGR by 2030
July 20, 2023 | PRNewswireEstimated reading time: 1 minute
New research from Omdia's Display long-term demand forecast tracker indicates that area demand for OLED displays will grow by 11.0% compound annual growth rate(CAGR) from 2022 to 2030. Major brands are gradually adopting OLED panels in their premium lineups across TVs and mobile phone and the wider consumer electronic range such as notebooks and tablets.
As demand for display dropped in 2022 and 2023 following the impact of COVID-19, so did the demand for OLED. However, these changes in market conditions led to OLED, which was previously only utilized in premium phones, also being used in entry-level models. According to Omdia, OLED market share in the smartphone display market increased rapidly from 30% in 2020 to 42% in 2022, with its share is expected to rise steadily in the future.
Sales of OLED TVs were also relatively sluggish due to a sharp drop in LCD prices, but as Samsung Electronics' strategy to expand OLED sales and adoption of WOLEDs has now become a foregone fact, the OLED TV market is expected to grow after 2024.
According to Ricky Park, Senior Principal Analyst in Omdia's Display research practice, "From 2024, Apple will adopt OLED in iPad Pro models in earnest, and as a result, we anticipate demand for OLED panels for mobile PCs will increase rapidly. In an optimistic scenario where Apple actively adopts OLED and its rivals follow suit, mobile PC OLED panel demand on an area basis is forecasted to grow at a 34% CAGR."
Recently, the possibility of OLED being adopted beyond the tablet market but also in laptops is increasing. Samsung Display has decided to build a dedicated production line, G8.6 fab, to achieve optimal OLED image quality against reasonable production costs.
In a situation where the growth of mobile phones and OLED TVs is slowing down, OLED for mobile PCs is emerging as a new market for display makers.
Suggested Items
Omdia: OLED Monitor Display shipments to surge by 123% YoY as Top Brands Embrace its Technology in 2024
05/09/2024 | PRNewswireOLED monitor display shipments significantly increased in 2023, following an upsurge of 415% year-over-year (YoY), according to Omdia's Monitor Display & OEM Market Tracker. This trend is set to continue with Omdia forecasting a 123% YoY increase in 2024, reaching 1.84 million units, driven by industry leaders Samsung Display and LG Display.
IDTechEx Report: Illuminating the Future of Lidar in Automotive
05/09/2024 | PRNewswireIn the rapidly evolving landscape of Advanced Driver-Assistance Systems (ADAS) and autonomous driving, sensor technologies have emerged as a pivotal force driving innovations in the automotive industry.
Sondrel Awarded New Video Processor ASIC Design and Supply Contract
05/09/2024 | SondrelSondrel, a leading provider of ultra-complex custom chips for leading global technology brands, is pleased to announce that it has won a major ASIC design and supply contract for a next generation, video processing chip.
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.