According to the IHS Markit report, with the growing demand for active matrix organic light emitting diode (AMOLED) TV panels, it is expected that by 2024, the total AMOLED panel shipment area will quadruple from 5 million square meters in 2017 to 22.4 million. Square meters.
In 2017, the shipment of AMOLED TV panels has increased from approximately 800,000 square meters in 2016 to 1.6 million square meters, bringing the total AMOLED panel shipments from 3.8 million square meters in 2016 to 5 million square meters in 2017. The increase is over 30%. In the overall AMOLED panel shipments, the share of TV panels increased from 21% in 2016 to 32%.
Jerry Kang, senior principal analyst at IHS Markit Display Research, said: "Since 2016, demand for wide color gamut TVs has grown, demand for AMOLED TV panels has grown faster. Most TV brands have been using AMOLED TVs as ultra high-end products. Promoted to have different optical properties than LCD TVs."
In 2017, 10 TV brands worldwide shipped OLED TVs, and 15 more planned to launch OLED TVs in 2018. TV brands are trying to expand the share of OLED TVs in their product portfolio to boost their TV revenues.
Kang said: "In terms of the number of units shipped, the TV market has experienced a three-year decline since 2015. Now, major TV brands are focusing on revenue, not just unit shipment growth. And AMOLED TVs offer added value for high resolution and wider color gamut display."
IHS Markit expects shipments of AMOLED TV panels to reach 12.5 million units by 2024. “Many panel makers are trying to develop EK technology to make OLED TV panels – not just white OLEDs, but also inkjet processes or quantum dot materials,” adds Kang.