Global notebook shipments are likely to expand by a compound annual growth rate (CAGR) of 3% from 2023 to 2028, according to a DIGITIMES Research estimate. In 2024, the shipment growth will likely reach 4.7%, driven by the easing of inflation and the introduction of new products, marking the end of a two-year decline.
In 2025, due to the economy entering a new phase of expansion, overall shipments are expected to grow by 6%, making it the year with the highest growth rate over the next five years. In 2027, a slight contraction is likely, and Korean panel makers will gradually increase their flexible OLED production capacity, with Apple's increased adoption of such panels.
Regarding notebook panel technologies, in 2023, due to poor market conditions and brand efforts to clear inventory, the share of affordable traditional amorphous Silicon (a-Si) panels is expected to increase to 76.7%. However, its share will likely decrease in the following years as it gets replaced by other advanced display technologies.