Televisions have become one of the main source of entertainment during the pandemic. This resulted in the increase of TV shipments after a very long time. OLED TVs in particular also witnessed growth in shipments despite the forecast was lowered earlier this year, according to a report by Omdia.
OMDIA (formerly IHS Markit) is a research firm similar to Counterpoint Research and IDC to name a few. Back in April, the firm predicted that OLED TV shipments will be 3.5 million units in 2020. An earlier report by the same company forecasted 4.5 million and at the end of last year, it predicted 5.5 million units.
But now, it says the OLED TV shipments will only reach 3.3 million units, which is still 10% more than in 2019. Also, the company predicts that shipments will reach 1.2 million units in the last quarter of 2020 and 1.04 million units in Q1 2021. According to the firm, the Q4 2020 shipments will be 30% compared to Q4 2019.
That’s not all, as per OMDIA, OLED TV shipments may reach 9 million units in 2024. Above all, the overall shipments have finally crossed 10 million units in September (10.32 million units) since LG launched the first commercial OLED TV in 2013.
Currently, a total of 19 brands offer OLED televisions. This number is expected to grow in the coming years. Last but not least, LG Display is the dominant OLED panel supplier in the world.
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