Advanced Television

Report: OLED panel production booming

January 28, 2025

By Chris Forrester

OLED panel revenues increased 28 per cent YoY in Q3 2024, and are expected to increase 16 per cent in 2024 with growth from smartphones, TVs and IT-based applications.

As revealed in Counterpoint’s latest OLED Shipment Report, (generated by Display Supply Chain Consultants) OLED panel revenues increased 28 per cent YoY in Q3/2024. This improvement in panel revenues was driven by the 34 per cent YoY unit increase due to improved consumer and commercial demand, offset by seasonality for some applications.

Several other applications also saw YoY increases. “2024 continues to be a stellar year for OLED units and revenues after a strong recovery in the second half of 2023 and Y/Y unit growth in the first half of 2024 and in the third quarter. We expect 2024 to finish strong with double-digit YoY unit and revenue growth,” notes David Naranjo, Associate Director at Counterpoint.

In Q3 2024, by select OLED applications:

· OLED smartphone units increased 43 per cent YoY and 24 per cent YoY in revenues on 49 per cent YoY increase for rigid OLED smartphones and 47 per cent YoY unit increase for flexible OLED smartphones.

· OLED TVs increased 48 per cent YoY in units and 36 per cent YoY in revenues.

· OLED monitors increased 146 per cent YoY in units and 85 per cent YoY in revenues. OLED notebook PCs increased 108 per cent in units and 107 per cent YoY in revenues.

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