Omdia forecasts OLEDs for mobile PC market to grow 37% CAGR by 2031

May 23, 2024 07:05 PM AEST | By Cision

Omdia forecasts OLEDs for mobile PC market to grow 37% CAGR by 2031 — Image source: Kalkine Media

Recent News

InfoComm India 2024 -The Largest Edition of the Pro AV Exhibition to D...

Yen carry trade now at risk and it could spark a big dent in stocks, e...

Fed unlikely to cut rates next week, but may send clear signal on Sept...

Stock Market Today: Dow in 4th weekly win as data puts September rate...

LONDON, May 23, 2024 /PRNewswire/ -- According to Omdia's Display long-term demand forecast tracker, demand for OLED displays in mobile PCs is projected to grow by 37% CAGR from 2023 to 2031. This surge reflects the trend that many brands are increasingly integrating OLED panels into their premium notebooks and tablets.

OLED demand forecast for mobile PC

Due to the challenges posed by the COVID-19 pandemic and inflation, the growth of OLED demand for mobile PCs experienced a slowdown in 2022 and 2023. However, with the emergence of AI-capable PCs and advancements in AI performance, mobile PC manufacturers are gearing up to introduce new products that started in 2024. Additionally, the discontinuation of Windows 10 support in the second half of 2025 is expected to stimulate a recovery in mobile PC demand.

Amidst this market landscape, Apple has taken a significant leap forward by introducing OLED screens in its iPad Pro lineup for the first time. With the anticipated annual sales volume of these iPad Pro models, tablet OLED demand in 2024 is projected to triple compared to the previous year. Furthermore, there is strong speculation that Apple will eventually extend OLED adoption to its entire tablet product lineup, including the iPad Air and iPad mini. This strategic move will likely influence competitors' OLED adoption strategies, potentially driving tablet OLED demand, to exceed 30 million units by 2029.

According to Ricky Park, Senior Principal Analyst in Omdia's Display research practice, "Apple is highly likely to incorporate OLED into its MacBook Pro models as early as 2026. This move could spark a significant surge in OLED demand within the notebook market, potentially reaching over 60 million units by 2031."

As the demand for OLED displays continues to surge, major display panel manufacturers are strategically positioning themselves to capitalize on this trend. In 2023, both Samsung Display and BOE officially announced their investment in the G8.6 OLED fab, with plans to order equipment and lay the groundwork for mass production. Simultaneously, China's Visionox is also preparing to invest in the same generation fab. The anticipated mass production date is slated for 2026 or 2027, which will be crucial in meeting the growing demand for OLED displays in laptops.

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Fasiha Khan – [email protected]

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Markets

Disclaimer