Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
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.
Share on:
Suggested Items
Keysight, Instrumentix Partner to Launch Complete Trade Monitoring Solution for Financial Markets
11/21/2024 | Keysight TechnologiesKeysight Technologies, Inc. expanded its financial capital markets portfolio through a partnership with Instrumentix to introduce a cutting-edge trade solution.
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
Cadence Unveils Arm-Based System Chiplet
11/20/2024 | Cadence Design SystemsCadence has announced a groundbreaking achievement with the development and successful tapeout of its first Arm-based system chiplet. This innovation marks a pivotal advancement in chiplet technology, showcasing Cadence's commitment to driving industry-leading solutions through its chiplet architecture and framework.
China’s Energy Subsidies Boost 3Q24 TV Shipments by Nearly 10%; Annual Shipments Return to Growth
11/19/2024 | TrendForceGlobal TV brand shipments reached 52.33 million units in 3Q24, reflecting a QoQ increase of 9.6% and a YoY growth of 0.5%.
AI Servers and EVs Drive China's PCB to $26.79B in 2024
11/19/2024 | TPCAThe Taiwan Printed Circuit Association (TPCA) and the Industrial Technology Research Institute (ITRI) recently released the 2024 China PCB Industry Dynamics Report.