Market research firm TrendForce predicts that OLED display penetration in the global display market could reach 5% by 2028, compared to an expected 2% penetration rate this year. Data indicates that global OLED display shipments are expected to reach 2.66 million units in 2025, a year-on-year surge of 86%. While overall market data that includes LCDs has not been released, combined with the OLED penetration rate (2%), global display shipments in 2025 are estimated to be approximately 130 million units.
CNMO notes that gaming monitors are a major growth driver. TrendForce believes this trend will continue for five years, with OLED penetration expected to exceed 5% in 2028. If global display shipments remain at 130 million units by then, OLED display shipments will reach 6.5 million units; if they increase to 150 million units, OLED display shipments could rise to 7.5 million units.
From a supply chain perspective, Samsung Display will dominate panel supply, with its QD-OLED production lines boasting an annual production capacity of approximately 10 million panels (panel size affects actual output). LG Display's W-OLED shipments ranked second. China's Huaxing Optoelectronics plans to increase OLED production capacity through inkjet printing technology, but its current share is tiny.
Omdia data shows that display OLED panel shipments will reach 2 million units in 2024, of which QD-OLED will account for 71% (1.43 million units), W-OLED will account for 29% (570,000 units), and RGB-OLED will account for a slight share. Samsung Display plans to increase QD-OLED panel shipments by more than 50% in 2025 (from a 2024 base of 1.43 million units), but there is a difference of more than 10% between panel and device shipments due to yield rates and spare parts.
