Shipments by Area of AMOLED Panels to Quadruple by 2024, Says IHS

Shipments by area of active-matrix OLED panels will more than quadruple to 22.4 million square meters by 2024, from 5.0 million square meters in 2017, said IHS Markit in a Monday report. AMOLED TV panels were 32 percent of the total AMOLED panel shipments in 2017 compared with 21 percent in 2016, it said: “Demand growth in AMOLED TV panels has accelerated since 2016 due to the increasing demand for wide color gamut TV. Most TV brands have been promoting AMOLED TV as their super premium product, which has differentiated optical performance from LCD TV.” While 10 global TV brands shipped OLED TVs in 2017, 15 are planning to launch them in 2018, said IHS: “TV brands are trying to expand share of OLED TVs in their portfolio to rebound their total TV revenues.”