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FOR IMMEDIATE RELEASE: 08/19/2024
OLED Panel Shipments Rise 50% Y/Y in Q2’24 on >100% Growth in Tablets and Monitors and High Double-Digit Growth in Smartphones and TVs
La Jolla, CA -
- In Q2’24, OLED panel shipments increased 50% Y/Y, led by growth from smartphones, TVs, monitors and tablets.
- OLED smartphone panel shipments rose 49% Y/Y.
- Samsung Display continues to lead with double-digit share for all OLED applications with its unit share rising for the first time in seven quarters.
As revealed in DSCC’s latest release of the OLED Shipment Report – Flash Edition, OLED panel shipments increased 13% Q/Q and 50% Y/Y in Q2’24 after declining 20% Q/Q and increasing 50% Y/Y in Q1’24. In Q2’24, by select OLED applications, OLED tablet panel shipments increased 142% Q/Q and 356% Y/Y, OLED smartphones increased 6% Q/Q and 49% Y/Y and OLED TVs increased 43% Q/Q and 30% Y/Y.
“The 1H’24 double-digit Y/Y growth for OLED panel shipments is welcome news that demand is strong for OLED applications. We expect healthy Y/Y growth to continue, fueled by increased demand in the commercial and consumer PC sector and AI innovations for several categories”, notes David Naranjo, Sr. Director.
OLED Panel Shipments and Y/Y Growth, Q2’22 – Q2’24
By OLED panel supplier, SDC continues to lead in OLED panel shipments with a 40% overall share, up from 37% in Q1’24, as a result of gains for several OLED applications with OLED tablets leading the growth with a 248% Q/Q increase. Q2’24 marks the first time that SDC has gained share after losing share or remaining flat for the past seven quarters.
The OLED Shipment Report – Flash Edition, includes historical panel shipments from 2016 through Q2’24 by application, by brand, by panel supplier, by OLED type and much more.
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