According to “3Q22 Medium & Large OLED Display Market Track” published quarterly by UBI Research, the medium and large OLED display market for the second quarter of 2022 was estimated at $1.67 billion. Medium and large OLED displays mean displays that are 10 inches or more.
In the second quarter of 2022, OLED medium to large-sized display markets rose 22.9% compared to the previous quarter and increased 11.2% compared to the same quarter last year. OLED for laptops is the largest increase in medium to large-sized OLED shipments. Shipments in the first quarter were 1.14 million units, but shipments in the second quarter were 2.18 million units, about twice that of the previous quarter.
As the war in Ukraine continues to extend, the premium TV market is being hit hard in Europe. Estimated shipments of OLED panels for TVs in 2022 were 9.2 million units in the last quarter, but revised shipments were 9.1 million units. Shipment of OLED TVs in the second quarter increased by 250,000 units from 1.71 million units in the first quarter to 1.96 million units. Of these, shipments of WRGB OLED panels are 1.71 million units and QD-OLED TV panels are 250,000 units.
As Samsung Electronics plans to increase sales of QD-OLED TVs to 1 million units next year, shipments of OLED TVs for TVs are expected to increase to 12 million units by 2023. LG Display is expected to convert its P7 and P8 lines into OLED lines to gradually reduce its LCD panel business, which is deteriorating profitability, and increase OLED production.
Medium and large OLED displays are categorized into application products (TV, Tablet, Notebook, Monitor, and Automotive), and the estimated shipments to 2027 are shown as a 100% cumulative graph.
It is estimated that shipments of medium and large OLED displays will increase to 26.3 million units in 2022 and 84.2 million units in 2027. Apple expects Tablet shipments to increase sharply after 2024 as the iPad is expected to be released in 2024.
“3Q22 Medium & Large OLED Display Market Track” surveyed the current status of OLED production capacity for medium and large OLED displays over 10 inches, quarterly shipments and sales performance for major product lines such as Automotive, Note PC, Monitor, and TV by major panel manufacturers. It will also provide data on market forecast analysis of 5 years to 2027, such as ASP and OLED demand/supply analysis by application.