1. CINNO Research report predicts that China will rank first in the world in the OLED market.
- At the "Display Business Forum 2024", CINNO CEO Sally Chen said that China leads the OLED market share, and OLED panel shipments for smartphones surpassed South Korea, reaching 51% .
- Chinese manufacturers are expected to maintain the largest share of the smartphone OLED market and have strong display design capabilities and Tandem OLED technology capabilities.
- China has become the world’s largest producer of OLED smartphone panels, and BOE, Visionox, Tianma, and TCL Huaxing are investing in large-size OLEDs.
- Last year, Samsung Display had the highest revenue among panel manufacturers, and the combined revenue of China’s top three manufacturers was only 10% of Samsung’s.
- Since South Korea was overtaken by China in the LCD field in 2018, China has also overtaken South Korea in the OLED field with a higher technical threshold.
- Omdia analysis shows that China’s OLED market share reached 49.7% in the first quarter, with South Korea falling to second place (49%).
- DSCC co-founder Yoshio Tamura believes that Chinese OLED manufacturers are expected to suffer losses of up to 20~30% and will not be profitable in the short term, but OLED investment will continue, mainly due to government subsidies.
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