Omdia says that demand for AMOLED displays increased 52% from 2020, to reach 14.2 million square meters. The main drivers of this growth were higher OLED TV and smartphones sales.
Omdia expects the OLED market to continue its strong growth, even though growth will be slower in the future. The demand for AMOLED display area will grow by CAGR of 11.6% from 2021 to 2028, to reach 30.7 million square meters.
Omdia further says that demand for OLED TV panels exceeded the demand for OLED smartphones in 2021 for the first time (by area). This trend will continue as Samsung starts producing QD-OLED displays. Another strong growth segments in the future will be laptop displays and other IT applications.