• Q2’24 OLED revenues rose 36% Y/Y on 49% Y/Y unit growth.
• 2024 OLED revenues are expected to increase 13% Y/Y on 22% unit growth helped by a richer mix.
• 2024 OLED tablet revenues are expected to rise 584% Y/Y on 221% unit growth.

As revealed in DSCC’s latest release of the OLED Shipment Report, OLED panel revenues increased 36% Y/Y in Q2’24. The improvement to panel revenues is the result of the 49% Y/Y unit increase as a result of improved consumer and commercial demand offset by seasonality for some applications. In Q2’24, OLED monitors and tablets had triple-digit unit and revenue growth Y/Y. Several other applications had Y/Y increases. Please refer to the report for more details.

In Q2’24, by select OLED applications:

• OLED smartphone units increased 49% Y/Y and 24% Y/Y in revenues on 49% Y/Y increases for rigid OLED smartphones, 32% Y/Y unit increases for flexible OLED smartphones and 120% Y/Y unit increases for foldable OLED smartphones with double-digit panel ASP declines for flexible and foldable OLEDs;
• OLED TVs increased 30% Y/Y in units and 36% Y/Y in revenues;
• OLED monitors increased 157% Y/Y in units and 111% Y/Y in revenues. OLED tablets had 356% Y/Y unit growth >1000% Y/Y revenue growth as a result of the introduction of Apple’s 11.1” and 13” iPad Pro models.

By panel supplier for all applications, we expect SDC to lose revenue share as a result of gains from China Star, LGD, Tianma and Visionox.

AMOLED Panel Revenue and Y/Y Growth, 2020 – 2024

The latest OLED Shipment Report includes updates to market forecasts as well as updates for panel supplier and brand roadmaps.