OLED display market expects explosive growth in the second half of 2020

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OLED display market expects explosive growth in the second half of 2020

OLED sales are expected to grow substantially in the second half of this year over the first half. Resource TheElec citing data from the research company UBI Research reports that in the second half of the year 383 million of these screens will be sold for $ 28 billion.

OLED screen
OLED screen

This means that the market for such displays will grow by 107% in monetary terms, and 66% in units compared to the first half of this year. In the first six months of 2020, only 231 million OLEDs were sold. Their total cost was only $ 13.53 billion. This is, respectively, 29% and 36% less than in the second half of 2020. 

It is noteworthy that the growth in sales in the second half of the year is likely to be associated with the release of the flagship smartphones Huawei Mate 40 and iPhone 12. In the first half of 2020, shipments of OLED panels for smartphones amounted to 190 million units or 82.2% of total sales. … This number includes smartwatch displays, of which 33.48 million have been sold.

We also add that sales of OLED displays have surpassed the sales of liquid crystal panels, which indicates an increase in their popularity among manufacturers and users.

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