The foldable OLED market is projected to witness robust growth in the coming years, with shipments expected to reach 52.7 million units by 2028, according to a forecast by UBI Research. This indicates a significant increase from the 27.4 million units recorded in 2024.
While Samsung Display currently dominates the market, having shipped 13.4 million foldable OLEDs in 2023 and holding a commanding 61% market share, the landscape is expected to evolve in the coming years. UBI Research anticipates continued success for Samsung Display as it remains the sole supplier to Samsung Electronics. Additionally, there are speculations that Samsung will become the exclusive supplier of foldable OLEDs for Apple’s future iPhones.
However, competition in the foldable OLED market is growing. BOE, for example, experienced a threefold increase in shipments, reaching 6.2 million units in 2022. TCL CSOT and Visionox also made strides in this market, shipping 1.1 million units each.
As the demand for smartphones and other electronic devices with flexible displays continues to rise, the foldable OLED market presents immense opportunities for companies in the industry. This technology allows for larger screens that can be folded, providing users with the convenience of portability without compromising on screen real estate.
In conclusion, the foldable OLED market is poised for significant growth, with UBI Research forecasting a doubling of shipments by 2028. While Samsung Display currently holds the lion’s share, other players such as BOE, TCL CSOT, and Visionox are making strong inroads. As the market evolves, it will be interesting to see how these dynamics shape the future of foldable OLEDs in the consumer electronics landscape.
The foldable OLED market is part of the larger display industry, which has been experiencing steady growth due to the increasing demand for advanced displays in various electronic devices. OLED (Organic Light Emitting Diode) technology is considered the future of displays due to its ability to provide vibrant and flexible screens.
According to market forecasts by UBI Research, the foldable OLED market is expected to witness robust growth in the coming years. Shipments are projected to reach 52.7 million units by 2028, representing a significant increase from the 27.4 million units recorded in 2024. This growth is driven by the rising demand for smartphones and other electronic devices with larger screens that can be folded for portability.
Samsung Display currently dominates the foldable OLED market, accounting for 61% of the market share in 2023. The company has been the sole supplier of foldable OLEDs to Samsung Electronics and there are speculations that Samsung will also become the exclusive supplier for Apple’s future iPhones. This gives Samsung Display a significant advantage in the market.
However, competition in the foldable OLED market is growing. BOE, for instance, experienced a threefold increase in shipments, reaching 6.2 million units in 2022. TCL CSOT and Visionox are also making strides in this market, with each shipping 1.1 million units. These companies are expanding their production capabilities and investing in research and development to compete with Samsung Display.
The demand for smartphones and other electronic devices with flexible displays is expected to continue rising, creating immense opportunities for companies in the foldable OLED market. By offering larger screens that can be folded, this technology provides users with the convenience of portability without compromising on screen real estate.
In conclusion, the foldable OLED market is projected to achieve significant growth in the coming years. UBI Research forecasts a doubling of shipments by 2028, indicating the immense potential of this market. While Samsung Display currently dominates, other players such as BOE, TCL CSOT, and Visionox are making strong inroads. As the market evolves, it will be interesting to see how these dynamics shape the future of foldable OLEDs in the consumer electronics landscape.