Organic light emitting diode or OLED display panels are expected to face a major bump in sales in the second half of this year. A new report has suggested that the display technology will see a rise in sales of 107 percent in the latter half.
According to TheElec report, a UBI Research analysis has revealed that the OLED panel shipments will reach 383 million units and sales worth 28 billion US Dollars in the second half od 2020. This marks a significant rise of 66 percent and 107 percent respectively when compared to the first half. It is also indicative of the growing OLED market, which has already surpassed the LCD panels.
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In the first half of 2020, OLED shipments arrived at just 231 million units, which marked a drop of 29 percent when compared to the shipments from the second half of last year. The sales during this period also fell by 36 percent in comparison to 2019, with the overall sales value coming in at just 13.53 billion US Dollars. Notably, the rise in the second half of 2020 would likely also be influenced by major smartphone launches like the Huawei Mate 40 series and Apple iPhone 12 series as well.
Furthermore, smartphone OLED display panel shipments accounted for 190 million units in the first half of 2020. In other words, smartphone displays amounted to 82.2 percent of all OLED panel sales across the globe. For sales, this was evaluated at 11.26 billion US Dollars or 83.3 percent of the total sales in the entire OLED display market. These panels were also used in smartwatches, which was the second highest in terms of shipment volumes, with 33.48 million units or 14.4 percent of the total shipments.
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