OLED Monitor Shipments Set to Skyrocket, Surpassing One Million Units by 2024

October 13, 2023 by our News Team

The OLED monitor market is projected to experience explosive growth in the coming years, with shipments of OLED monitors reaching 508,000 units in 2023 and potentially surpassing the one million unit mark in 2024.

  • OLED monitor shipments are projected to reach a staggering 508,000 units in 2023
  • Samsung is expected to make a strong push in OLED monitor shipments in the second half of 2023
  • 27-inch monitors are expected to dominate the market in 2023

According to a recent report from TrendForce, the OLED monitor market is poised for explosive growth in the coming years. With the increasing popularity of OLED products and the ambitious plans of top-tier brands, shipments of OLED monitors are projected to reach a staggering 508,000 units in 2023, representing a remarkable year-on-year surge of 323%. And the growth doesn’t stop there. By 2024, we can expect a wider range of OLED monitor sizes and specifications, as well as an even more competitive landscape.

One of the key factors driving this surge in OLED monitor shipments is the introduction of 27-inch and 31.5-inch OLED panels by leading Korean panel makers. This development sets the stage for an exciting showdown in the market. With these new products, the number of OLED monitors shipped is predicted to surpass the coveted one million unit mark.

In terms of market share, Samsung is expected to make a strong push in OLED monitor shipments in the second half of 2023, potentially capturing a market share of 27%, similar to LGE’s performance. Dell is also determined to establish a solid presence with its 34-inch offering, aiming for a market share above 20%. Meanwhile, ASUS, which has recently made strategic moves in the OLED monitor sector, is eyeing a market share approaching 9% this year.

When it comes to OLED monitor sizes, the 34-inch segment is expected to dominate the market in 2023, commanding a 37% market share. The 27-inch group closely follows with an estimated 32% market share, while 49-inch monitors account for about 14%. The 45-inch category rounds off the top tiers with a market share of 10%.

Looking ahead to 2024, TrendForce predicts that 27-inch monitors will continue to expand their footprint and emerge as the star player among OLED products. Additionally, with both Samsung Display and LG Display ramping up production of their 31.5-inch OLED products, this size may see its market share surpass 10% in the coming year.

Overall, the OLED monitor market is set for a period of rapid growth and intense competition. As top-tier brands vie for market share and introduce new and exciting products, consumers can expect a wider range of choices and improved display technologies in the years to come.

OLED Monitor Shipments Set to Skyrocket, Surpassing One Million Units by 2024

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Background Information

About ASUS: ASUS, founded in 1989 by Ted Hsu, M.T. Liao, Wayne Hsieh, and T.H. Tung, has become a multinational tech giant known for its diverse hardware products. Spanning laptops, motherboards, graphics cards, and more, ASUS has gained recognition for its innovation and commitment to high-performance computing solutions. The company has a significant presence in gaming technology, producing popular products that cater to enthusiasts and professionals alike. With a focus on delivering and reliable technology, ASUS maintains its position as a important player in the industry.

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About Dell: Dell is a globally technology leader providing comprehensive solutions in the field of hardware, software, and services. for its customizable computers and enterprise solutions, Dell offers a diverse range of laptops, desktops, servers, and networking equipment. With a commitment to innovation and customer satisfaction, Dell caters to a wide range of consumer and business needs, making it a important player in the tech industry.

Dell website  Dell LinkedIn

About LG: LG Electronics, headquartered in Seoul, South Korea, is a global technology company for its diverse portfolio of innovative products. With a presence in various industries, including consumer electronics, home appliances, mobile devices, and more, LG is a leader in technological advancements. LG offers a range of laptops and monitors that combine sleek design with advanced features, catering to both personal and professional needs.

LG website  LG LinkedIn

About Samsung: Samsung, a South Korean multinational conglomerate, has established itself as a global leader in various industries, including electronics, technology, and more. Founded in 1938, Samsung's influence spans from smartphones and consumer electronics to semiconductors and home appliances. With a commitment to innovation, Samsung has contributed products like the Galaxy series of smartphones, QLED TVs, and SSDs that have revolutionized the way we live and work.

Samsung website  Samsung LinkedIn

Technology Explained

OLED: Organic light-emitting diode (OLED) technology is a cutting-edge display technology that has revolutionized the computer industry by producing superior image quality and superior energy efficiency. OLED technology works by using organic compounds to create an efficient and flexible light source. This type of technology has enabled thinner and lighter designs as well as improved color range and resolution. OLED technology is currently used in laptop displays and is increasingly used in televisions and mobile devices. Its benefits, such as relatively low power consumption and extraordinary brightness, give a more vivid and more powerful image even in dim areas. OLED technology has also improved computer performance, as its power efficiency passes on to other computer components and leads to extended battery life. OLED technology also features shorter response time and full color reproducibility, making it ideal for fast-paced action games.

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