UBI Research lowered its forecast for the OLED industry in 2020, due to the coronavirus pandemic. UBI decreased its total market revenue forecast by 4.8% to $36.7 billion.
UBI now estimates that 612 million OLED panels will ship in 2020, down from its previous estimate of 660 million. The OLED TV market forecast was reduced dramatically from 4.9 million panels to 3.6 million.
Interestingly, UBI says that the OLED monitor panel market will actually see a higher demand following the pandemic - driven by sales to the game industry, remove learning and working, and telemedicine.