Samsung Display says that the surge of 5G-enabled smartphones will greatly benefit its OLED display business.
Samsung says that 5G networks are expected to increase demand for smartphones in general. In addition, the thin form factor of OLED displays (compared to LCDs) enable smartphone makers to use more space for more sensors and larger batteries - which may be needed to support 5G networks.
IDC expects 5G-enabled phone sales to reach 190 million units in 2020 (up from 11 million in 2019), as more countries (including the EU, China, Japan and Australia) are expected to deploy 5G networks. The market will continue to grow and around 540 million 5G phones will ship in 2023 (a 31% of the entire smartphone market).