UBI Research says that shipments of foldable OLED smartphone panels more than doubled in Q2 2024 (compared to the first quarter), reaching 9.94 million units. Foldable OLED smartphone panels accounted for 5.2% of the total OLED smartphone display market.
UBI expects foldable OLED panel shipments to continue growing in the second half of 2024, and sees total 2024 shipments exceeding 40 million. By 2028, the company expects foldable OLED panels to reach an almost 10% out of the entire OLED smartphone market.
Looking at revenues, the market share of foldable OLED panels is already 16.3% - and this will grow to 27.5% in 2028, as the average price of a foldable OLED is much higher than a non-foldable one.
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