UBI Research estimates that in 2022, a total of 724.8 million small-area OLED panels will ship. By 2027, the market will grow to 937.8 million units.
In Q2 2022, UBI says small-area OLED revenue were $7.87 billion, a 16% decrease from the first quarter, and a 9.7% increase compared to last year. In terms of shipments, 130 million units were shipped in Q2, down from 150 million. UBI expects that rigid OLED market revenues will continue to shrink as OLED makers in China are reducing the price of their OLED panels.