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FOR IMMEDIATE RELEASE: 05/20/2024
OLED Panel Shipments Increased 50% Y/Y in Q1’24 on Y/Y Growth for Smartphones, TVs, Smartwatches and IT Applications
La Jolla, CA -
- In Q1’24, OLED units had 50% Y/Y growth, led by growth for monitors and tablets.
- In Q1’24, OLED smartphones and OLED TVs had Q/Q seasonal declines and Y/Y growth.
- In Q1’24, for OLED smartphones, several brands had double-digit Q/Q growth.
As revealed in DSCC’s latest release of the OLED Shipment Report – Flash Edition, OLED panel shipments decreased 20% Q/Q and increased 50% Y/Y in Q1’24 after increasing 41% Q/Q and 31% Y/Y in Q4’23. In Q1’24, by select OLED applications, OLED monitor panel shipments increased 35% Q/Q and 189% Y/Y and OLED tablet panel shipments increased 54% Q/Q and 113% Y/Y. OLED smartphones and OLED TVs had seasonal Q/Q declines, but had double-digit Y/Y growth.
“The continued Y/Y growth for several applications is welcome news that the 2H’23 lift has continued to help the market to recover from a dismal 2022 and a first half of 2023," notes David Naranjo, Sr. Director.
OLED Panel Shipments and Y/Y Growth, Q1’22 – Q1’24
In Q1’24, smartphones remained the largest OLED application with an 84% unit share, up from 79% in Q4’23 as a result of 25% Q/Q growth for rigid OLED smartphones. For OLED smartphones, several brands had double-digit Q/Q increases with Huawei, Samsung and Oppo leading the growth. Samsung had 56% Q/Q growth led by 82% Q/Q growth for rigid OLED smartphones and 32% Q/Q growth for flexible OLED smartphones.
The OLED Shipment Report – Flash Edition, includes historical panel shipments from 2016 through Q1’24 by application, by brand, by panel supplier, by OLED type and much more.
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