According to the “3Q24 Small OLED Display Market Track” published by UBI Research, OLED shipments for foldable phones in the second quarter of 2024 are expected to reach 9.94 million units, more than doubling compared to the first quarter. During this period, OLED shipments for foldable phones accounted for 5.2% of all OLED shipments for smartphones, marking the second-highest proportion ever.

UBI Research anticipates that OLED shipments for foldable phones will continue to grow in the second half of 2024, with total shipments expected to exceed 40 million units for the year. Furthermore, by 2028, OLED shipments for foldable phones are projected to make up 9.9% of total OLED shipments for smartphones.

While the share of OLED shipments for foldable phones remained in the 5% range in the second quarter of 2024, their sales share exceeded 16.3%. This sales share is expected to expand to 27.5% by 2028.

Small OLED Display Quarterly Market Track Sample