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Apr 12, 11:19
MiniLED TV shipments may beat OLED in 2024
Despite the decline in the global TV market, market experts project that MiniLED TVs, given their cost-effectiveness, will surpass OLED TVs in shipment volume for the first time this year.
According to the 2024 Small OLED Display Annual Report recently published by UBI Research, OLED shipments for foldable phones are expected to increase from 27.4 million units in 2024 to 52.7 million units in 2028.
China was already the largest OLED panel producer in 2023, manufacturing 51% of the world's OLED panels. Now it's actively increasing its capacity for OLED materials, for which China's market share in 2023 was 38%.
Innolux, which has been actively developing its non-display business, is about to shut down its Nanjing plant.
In the past, Samsung Display (SDC) elected to focus on small and medium-sized panels to differentiate from LG Display (LGD), which produces large-size panels, and SDC was able to achieve success. However, the two companies' paths are now starting to "converge" in the OLED market. Nevertheless, their common "enemy" remains the Chinese manufacturers, as China is rapidly catching up with South Korea in the global OLED panel market.
Taiwanese panel manufacturers have reported minimal impact from the recent earthquake, and according to Sigmaintell, stockpiling during lower prices may cool down after the first half of the year, which is the peak season.
The market conditions will improve in the second and third quarters of 2024 compared to the same period in 2023, said LED chip manufacturer Epileds chairperson Hsu Ming-Sen.
Taiwan-based microLED company PlayNitride has successfully mass-produced 0.49-inch Full HD (FHD) resolution microLED microdisplays mainly used in Augmented Reality (AR) glasses.
PCB and camera lens firms seek to diversify their product offerings and reduce their reliance on Apple and other consumer electronics.
Following the strong earthquake that hit Taiwan early on April 3, the Southern Taiwan Science Park Bureau stated that the park registered a seismic intensity of level 4, while the Science Park in Kaohsiung was level 3. Initial reports from companies indicate no immediate impact.
On April 2, AUO completed its acquisition of Behr-Hella Thermocontrol GmbH (BHTC).
South Korea's leading power utility, KEPCO, is poised to implement a hike in electricity tariffs following the parliamentary elections slated for April 2024.