OLED Monitor Shipments Expected to Hit 1.44 Million Units in 2024

The OLED monitor market is experiencing a surge in growth and competition, driven by the rise of QD-OLED technology, leading to a wider range of options and better prices for consumers looking to upgrade their displays.

The OLED monitor market is expected to see a significant increase in shipments, indicating a growing demand for these displays.
Samsung, LG, ASUS, MSI, and Gigabyte are all actively competing in the market, driving innovation and offering consumers more options.
The rise of QD-OLED technology promises even better color accuracy and brightness, making OLED monitors an even more attractive option for gamers and creatives.

The world of monitors is about to get a lot more vibrant, and it’s not just because of the colors. According to a recent report from TrendForce, the OLED monitor market is gearing up for a serious shake-up with the arrival of new 31.5-inch models. If you’ve ever marveled at the deep blacks and vivid colors of an OLED screen, you’ll want to pay attention to this trend. It seems like the tech industry is finally recognizing the potential of OLED beyond just TVs, and the gaming sector is leading the charge.

Imagine this: you’re in the middle of an intense gaming session, and the graphics pop off the screen in a way that feels almost lifelike. That’s the promise of OLED technology, which is known for its ability to deliver stunning visuals. With shipments expected to soar to 1.44 million units in 2024—an eye-popping 181% increase from the previous year—it’s clear that more gamers and creatives are catching on to the benefits of these displays.

Samsung is poised to take the crown in this burgeoning market, thanks to its popular 49-inch OLED monitors and a steady stream of new releases. It’s fascinating to see how a company can build a reputation not just on innovation, but also on consistent product launches. For 2024, Samsung’s market share is projected to hit 31%. That’s a significant slice of the pie, but it’s not the only player in the game.

LG is also in the mix, leveraging its extensive panel resources and expanding product line. With a projected market share of 19%, it’s clear that LG is not just a passive observer; they’re actively shaping the landscape. Meanwhile, ASUS is sharpening its focus on high-end products, gearing up for a competitive showdown with Dell for the third spot in the market. It’s almost like watching a high-stakes game of chess unfold, where every move could change the outcome.

Then there’s MSI, which has been making waves with its aggressive push into new sales channels. The company has recorded the highest growth rate across all monitor categories, and its OLED shipments are expected to surge, boosting its market share to 11%. It’s a testament to how important it is for brands to adapt and innovate in a rapidly changing landscape.

And let’s not forget about Gigabyte, which is set to launch new OLED models and is projected to secure the sixth position in market share. It’s a reminder that competition drives innovation, and the more options consumers have, the better the technology will become.

Now, if you’re wondering what’s behind this OLED boom, it’s largely due to the rise of QD-OLED monitors. Samsung Display is ramping up production, and multiple brands are jumping on the QD-OLED bandwagon. This technology combines the best of both worlds—quantum dots and OLED—to deliver even better color accuracy and brightness. In fact, QD-OLED’s share of total OLED monitor shipments is expected to leap from 53.5% in 2023 to a staggering 73% in 2024. Meanwhile, traditional WOLED is expected to take a backseat, with its market share declining to 26%.

So, what does all this mean for you, the consumer? If you’ve been on the fence about upgrading your monitor, the next year could be the perfect time to make the leap. With so many new models hitting the market and competition driving prices down, there’s never been a better opportunity to snag a stunning OLED display for your gaming rig or creative workstation.

In the end, it’s an exciting time for tech enthusiasts and gamers alike. As the OLED monitor market evolves, we can expect not just better screens, but also a richer visual experience that makes everything from gaming to streaming feel just a little more immersive. Are you ready to embrace the OLED revolution?

About Our Team

Our team comprises industry insiders with extensive experience in computers, semiconductors, games, and consumer electronics. With decades of collective experience, we’re committed to delivering timely, accurate, and engaging news content to our readers.

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 cutting-edge and reliable technology, ASUS maintains its position as a prominent player in the industry.

About Dell: Dell is a globally renowned technology leader providing comprehensive solutions in the field of hardware, software, and services. Renowned 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 prominent player in the tech industry.

About Gigabyte: Gigabyte Technology, a prominent player in the computer hardware industry, has established itself as a leading provider of innovative solutions and products catering to the ever-evolving needs of modern computing. With a strong emphasis on quality, performance, and cutting-edge technology, Gigabyte has gained recognition for its wide array of computer products. These encompass motherboards, graphics cards, laptops, desktop PCs, monitors, and other components that are integral to building high-performance systems. Renowned for their reliability and advanced features, Gigabyte's motherboards and graphics cards have become staples in the gaming and enthusiast communities, delivering the power and capabilities required for immersive gaming experiences and resource-intensive applications

About LG: LG Electronics, headquartered in Seoul, South Korea, is a global technology company renowned 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.

About MSI: MSI (Micro-Star International) is a globally recognized company that specializes in the development and manufacturing of a wide range of computer products. With a rich history dating back to its establishment in 1986, MSI has emerged as a key player in the technology industry, consistently delivering innovative solutions that cater to the needs of both casual users and hardcore enthusiasts. The company's product portfolio encompasses a diverse array of offerings, including motherboards, graphics cards, laptops, desktops, monitors, and various gaming peripherals. MSI's commitment to quality and performance is evident in its dedication to cutting-edge technologies, sleek designs, and rigorous testing standards. Renowned for its gaming-focused products under the MSI Gaming brand, the company has earned a reputation for delivering high-performance components that enhance the gaming experience.

About Samsung: Samsung, a renowned 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 groundbreaking products like the Galaxy series of smartphones, QLED TVs, and SSDs that have revolutionized the way we live and work.

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.