Omdia: The OLED material market will reach $2 billion this year

The size of the OLED material market is expected to exceed 3 billion dollars for the first time in 2026. With the application of OLED in smartphones, TVS and IT devices increasing, the annual growth rate is expected to reach 21 percent.

According to Omdia, the OLED material market will reach 2 billion dollars this year and exceed 3 billion dollars in 2026, with an annual growth rate of 21 percent. OLED materials are expected to grow from $1.682 billion in 2021 to $2.094 billion this year, up 24% year-on-year.

The OLED material market is expected to grow more than 20 percent this year due to the expansion of TV and IT OLED supplies. Samsung Display has entered the large-scale OLED market with QD-OLED following LG Display. The supply of large OLED products such as TVS and displays is expected to increase.

The OLED material market is expected to exceed 20 dollars this year and reach 3.12 billion dollars in 2026. Apple is increasing OLED applications including smartphones. Apple is expanding the use of small and medium-sized oleds from Samsung display and LGDisplay in its iPhone lineup. Samsung Display will deliver 80 million OLED units to the iPhone 14 series starting in the third quarter. In order to supply OLED for iPhone 14, 14Plus and 14 Ultra, the company will select materials companies such as Toksan, Samsung SDI and Solus Advanced Materials.

Omida predicts that the materials market will continue to grow as Apple uses OLED displays in IT devices. Apple will use Samsung display and LG DISPLAY OLED in the next generation of tablets and laptops. New OLED materials are expected to be provided as new materials technology that can enhance the luminous efficiency of OLED displays is applied to these devices.