Report says China's OLED panel area share surpasses South Korea for the first time this year, but sales are still insufficient

1. CINNO Research report predicts that China will rank first in the world in the OLED market.

2. At the "Display Business Forum 2024", CINNO CEO Sally Chen said that China leads the OLED market share, and OLED panel shipments for smartphones surpassed South Korea, reaching 51% .
3. Chinese manufacturers are expected to maintain the largest share of the smartphone OLED market and have strong display design capabilities and Tandem OLED technology capabilities.
4. China has become the world’s largest producer of OLED smartphone panels, and BOE, Visionox, Tianma, and TCL Huaxing are investing in large-size OLEDs.
5. Last year, Samsung Display had the highest revenue among panel manufacturers, and the combined revenue of China’s top three manufacturers was only 10% of Samsung’s.
6. Since South Korea was overtaken by China in the LCD field in 2018, China has also overtaken South Korea in the OLED field with a higher technical threshold.
7. Omdia analysis shows that China’s OLED market share reached 49.7% in the first quarter, with South Korea falling to second place (49%).
8. DSCC co-founder Yoshio Tamura believes that Chinese OLED manufacturers are expected to suffer losses of up to 20~30% and will not be profitable in the short term, but OLED investment will continue, mainly due to government subsidies.

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