OLED Revenues Expected to Increase 12% in 2024 Led by Triple Digit Growth in Tablets

La Jolla, CA -

  • Q1’24 OLED revenues rose 13% Y/Y on 50% Y/Y unit growth.
  • 2024 OLED revenues are expected to increase 12% Y/Y on 18% unit growth helped by a richer mix.
  • OLED tablets are expected to rise at triple-digit rates on a unit and revenue basis thanks to Apple’s 11.1” and 13” OLED iPad Pro’s.

As revealed in DSCC’s latest Quarterly OLED Shipment Report, OLED panel revenues increased 13% Y/Y in Q1’24 to $9.3B on 50% Y/Y unit growth. For 2024, we expect panel revenues to increase 12% Y/Y to $44B on 18% Y/Y unit growth. Several applications are expected to have unit and revenue Y/Y growth with OLED tablets and OLED monitors enjoying the fastest growth.

In 2024, by select OLED applications:

  • OLED smartphones are expected to increase 21% Y/Y in units and 3% in revenues with flexible OLEDs increasing 13% Y/Y and foldable OLEDs increasing 26% Y/Y;
  • OLED TVs are expected to increase 24% Y/Y in units and 17% Y/Y in revenues;
  • OLED tablets are expected to increase 202% Y/Y in units and 632% in revenues as a result of growth from Apple and the 13” and 11.1” iPad Pro models.
  • OLED monitors are expected to increase 80% Y/Y in units and 45% Y/Y in revenues.

By panel supplier for all applications, we expect SDC to lose revenue share as a result of gains from BOE, LGD, China Star, Tianma and Visionox.

AMOLED Panel Revenue and Y/Y Growth, 2020 – 2024

Source: DSCC's Quarterly OLED Shipment Report
Source: DSCC's Quarterly OLED Shipment Report

The latest OLED Shipment Report includes updates to market forecasts as well as updates for panel supplier and brand roadmaps.

About DSCC

DSCC, a Counterpoint Research Company, is the leader in advanced display market research with offices across all the key manufacturing centers and markets of East Asia as well as the US and UK. It was formed by experienced display market analysts from across the display supply chain and delivers valuable insights, data and supply chain analyses on the display industry through consulting, syndicated reports and events. Its accurate and timely analyses help businesses navigate the complexities of the display supply chain.