More than 20 million OLED TVs shipped – Technology becomes standard for premium sets

TVs with OLED displays will account for about 40 percent of all premium sets sold this year, Pulsenews Korea reports. This makes the technology a standard for home flat-panel displays, reaching more than 20 million units shipped. The inventor of OLED displays, LG Electronics, is responsible for more than 60 percent of the shipments. According to market trackers Omnia in mid-May, a total of 20 million units have been sold since the introduction of OLEDs in 2013 through the end of March 2021. The speed at which OLED displays have conquered the market is remarkable. While the number of units shipped was still 10 million in September 2020, this figure has doubled in less than two years. Most electronic products and components must be awarded a KC certificate in order for the products to be exported to China or manufactured locally.

Among manufacturers, LG Display dominates the OLED TV market and is capable of producing up to 7.42 million units annually. This increase only became possible with this year’s startup of a new factory in Guangzhou, China. Previously, the plant in Paju, South Korea, shipped about 4 million units annually. Rival Samsung Display, which makes OLEDs using its own QD (Quantum Dot) technology, is estimated to ship more than 10 million units this year. Pulsenews reports 21 manufacturers worldwide in the market for OLED displays or TV sets and therefore assumes a further spread of this technology.

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Julian Busch

About the author: Julian Busch is the founder and managing director of MPR International GmbH

Publisher: MPR International GmbH

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