As technology continues to advance, display technology is also constantly being revolutionized. OLED (Organic Light Emitting Diode) technology is gradually becoming the new darling of the mobile PC market due to its excellent display performance and design flexibility. According to the latest market analysis and forecast, by 2031, the mobile PC OLED market is expected to grow at an astonishing CAGR of 37%, signaling that OLED technology will play an increasingly important role in the future of mobile PCs.
OLED technology is favored by the market, mainly due to its unique technical advantages. Compared with traditional LCD displays, OLED displays feature higher contrast, faster response time, wider color gamut coverage, and flexible and bendable design. These advantages give OLED displays greater potential for visual experience and product form factor design.
The key drivers for the growth of the OLED market include increasing technology maturity, decreasing production costs, and increasing consumer demand for high-quality display technology. As OLED production technology continues to advance, production costs are gradually decreasing, enabling OLED displays to be more widely used in low- and mid-range smart device products. In addition, the market demand for OLED displays is expanding as consumers demand higher display quality.
Figure:Mobile PC OLED CAGR of 37% by 2031
According to Omdia, the penetration of OLED in the tablet and laptop market is continuing to increase. OLED penetration in the tablet market is expected to grow from 2.6% in 2023 to 20.1% by 2027, and in the laptop market from 2% to 10.2%. This growth trend indicates a promising application of OLED technology in the mobile PC market.
Currently, the leading companies in the OLED market include international powerhouses such as Samsung Display and LG Display, as well as Chinese manufacturers such as BOE and Visionox. With the growth of market demand, these companies are increasing investment to expand the production capacity of OLED panels. Meanwhile, with the rapid development of Chinese companies in the OLED field, they are expected to gradually seize more market share in the future.
The rapid development of OLED technology and the continued increase in market penetration bode well for its bright future in the mobile PC market. The mobile PC OLED market is expected to grow at a CAGR of 37% by 2031, which will not only drive the advancement of display technology, but also bring new development opportunities for the entire mobile PC market. With the continuous maturity of OLED technology and the expansion of application areas, we can believe that OLED will become an important force in the future mobile PC market.
