OLED Panel Shipments Expected to Grow at an Annual Average Rate of 11.6%

Ubi Research Report
Projected to Reach 14.1 Million Units by 2027

[Asia Economy Reporter Han Yeju] It is forecasted that the shipment volume of organic light-emitting diode (OLED) panels for TVs will achieve double-digit annual growth rates.

According to UBI Research's recently published '2023 Medium and Large OLED Display Annual Report,' the shipment volume of OLED panels for TVs is expected to grow from 9.1 million units in 2023 to 14.1 million units in 2027, with an average annual growth rate of 11.6%, the company announced on the 6th.

LG OLED Evo.
[Photo by LG Electronics] [Image source=Yonhap News]

Last year, due to the global economic downturn, TV demand declined, and worldwide TV shipments were analyzed to have remained in the low 200 million units range.

UBI Research analyzed that LG Display had initially set a shipment target of over 10 million units of white OLED (WOLED), including monitors, last year, but released a total of 6.96 million units, marking a decrease of 880,000 units compared to 7.84 million units in 2021. Samsung Display's QD-OLED shipments were recorded at 950,000 units.

UBI Research stated, "The economic situation is expected to gradually recover this year," and projected that LG Display's WOLED shipments for TVs will reach 7.6 million units, while Samsung Display's QD-OLED shipments will be 1.5 million units.

This content was produced with the assistance of AI translation services.