The Government Circuit: Driving Resiliency and Economic Security on Both Sides of the Atlantic
American Made Advocacy: Taking the Fight to Capitol Hill
Defense Speak Interpreted: SWaPing Nanosatellites for Defense SystemsOmdia: Mini LED backlight LCD display expected to surpass OLED display in 2025
June 19, 2024 | PRNewswireEstimated reading time: 1 minute
According to the latest Omdia Mini LED Backlight Market Tracker, LCD TV display equipped with mini-LED backlight unit will be reaching 6.2 million units in 2024. During the same year, Samsung Display and LG Display are forecasted to produce 6.8 million units of OLED TV display, including both WOLED and QD OLED TV variants. However, by 2025, the mini-LED backlight TVs are forecasted to reach 9.3 million units, surpassing the 7.5 million units of OLED TV, for the first time.
Since 2022, the LCD TV display market with mini-LED backlight and quantum dot materials has experienced substantial growth. This expansion is driven by the continuous cost reductions through effective supply chain management of the mini-LED backlight and advancements in quantum dot materials. While OLED TV displays are celebrated for their infinite contrast ratio, exceptional color gamut and fast response times, the combined mini-LED backlight and quantum dot-equipped LCD TV display is now challenging OLED TV's dominance. The mini-LED backlight enhances dimming functions and HDR capabilities while quantum dots boost color gamut performance, leading LCD TV OEMs and panel makers to adopt both technologies to elevate their product specifications.
OLED TV display shipment have outpaced mini-LED backlight displays for the past decade, but this trend is set to change from 2025.
Samsung, LG Electronics, Sony, TCL and Hisense are all aiming for double digit growth in their mini-LED backlight TV display shipment in 2024 and 2025.
"OLED TV panels offer significant advantages in the high-end TV market, such as higher brightness, better environmental friendliness due to fewer components and materials, no halo effect on the screen since there is no mini-LED grouping for dimming zones, and a strongly established premium TV image among consumers," commented David Hsieh, Senior Research Director in Omdia's Displays practice.
"However, mini-LED backlights are now competitive in several aspects : a mature supply chain, the shift to larger LCD TV displays, the cost-effective 500-2,000 dimming zones, the production of super larger size like 85-inches and above, and ample capacity for LCD TV open cells," added Hsieh. "Therefore, there will be intense competition between mini-LED backlight LCD TVs and OLED TVs moving forward, which will help expand the high-end TV segment and align with the trends towards larger sizes," concluded Hsieh.
Share on:
Suggested Items
WEPTECH Celebrates 750 Years of City Rights for Landau
06/07/2024 | WEPTECHSince the foundation of WEPTECH in the year 1998 in the Ostring, in Landau’s very center, Landau has moved forward enormously. It has continuously created optimal parameters for the sake of the development of the economy.
Scalable ZLD and a Solution for PCB Start-ups
05/23/2024 | Alex Stepinski, Stepinski GroupAlex Stepinski talks about his business priorities for this year and what the market, particularly aerospace and defense, needs for orders to be filled. Learn about his goal to develop a central recycling system with a good ROI so that every shop will be able to afford it.
AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Queretaro Expo & Tech Forum
05/23/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce its participation in the upcoming SMTA Queretaro Expo & Tech Forum taking place on June 6 at Queretaro Centro de Congresos y Teatro Metropolitano in Queretaro, Mexico.
AIM Solder’s Dillon Zhu to Present on Ultraminiature Soldering at SMTA China East
04/22/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce that Dillon Zhu will present on the topic: Ultraminiature Soldering: Techniques, Technologies, and Standards at SMTA China East. This event is being held at the Shanghai World Expo Exhibition & Convention Center from April 24-25.
Minimal Initial Damage to DRAM and Foundry Production Lines Following Major Earthquake in Taiwan on April 3
04/03/2024 | TrendForceIn the wake of a 7.2-magnitude earthquake off the eastern coast of Taiwan at 7:58 AM on April 3rd, TrendForce immediately investigated the damage and operational status of various manufacturers.