Institution: OLED panels may experience structural shortages and continuous price increases in the first half of the year
According to a recent research report analysis by Guojin Securities, starting from the third quarter of 2023, small-sized OLED screens have seen price increases due to consumer electronics terminal purchases. Under the influence of factors such as brand stocking and upgrading of LTPO technology for mobile phones, it is expected that OLED panels will be structurally out of stock and prices will continue to rise in the first half of 2024.
From the end of 2023 to the beginning of 2024, Xiaomi, OPPO, OnePlus, Nubia, Realme, and Honor launched a large number of new machines at different prices, with the vast majority using domestically produced OLED panels such as BOE, Huaxing, and Visionox. Compared with previous years, the penetration rate of domestically produced OLED panels has significantly increased, and the application of LTPO technology and the latest luminescent materials has significantly increased. Manufacturers are all making efforts in eye protection. This trend has accelerated the replacement of Samsung screens and is expected to drive steady growth in demand for OLED panels in mobile phones in the future, with prices expected to rise accordingly.
Guojin Securities stated that midstream panel manufacturers such as BOE and Visionox, as well as upstream companies in the industry chain such as OLED screens for smartphones, will benefit from the growth.
Guojin Securities stated that midstream panel manufacturers such as BOE and Visionox, as well as upstream companies in the industry chain such as OLED screens for smartphones, will benefit from the growth.