Market research firm Omdia says that according to its latest forecast, the OLED market will grow at a CAGR of 11% from 2022 to 2030, by total display production area.
The main OLED application is smartphone displays, and Omdia says that in 2022 the penetration of OLED displays into that market reached 42%. The market share of OLED smartphones will rise steadily in the future. The OLED TV market is experiencing a slowdown, but Omdia says it will resume growth in 2024.
The most interesting market lies in mobile PCs, which include laptops and tablets. Omdia expects Apple to adopt an OLED display in its iPad Pro models soon, and demand for OLEDs in that segment will increase rapidly. In the company's optimistic scenario, this market segmented will grow at a 34% CAGR from 2022 to 2030.