Global display market expected to grow 5.4% next year, driven by OLED - Korea Display Industry Association

The Korean Display Industry Association announced that the global display market will reach approximately $122.8 billion (USD, approximately 17.8277 trillion yen) in 2024, an increase of 5.4% compared to this year.
In particular, the organic EL (OLED) market, which is currently mainly used for TVs and smartphones, is expected to expand to 43.4 billion won (approximately 6.3 trillion yen) as it expands to IT and automobile applications. Fo
In addition to strong demand for high-value-added mobile displays such as LUDA and power-efficient low-temperature polycrystalline oxide (LTPO) displays, the use of OLEDs in IT products is gaining momentum.
This is because it is expected to grow. On the other hand, the liquid crystal display (LCD) market is valued at $78.1 billion (approximately 1,1339.1 billion yen) and is expected to shrink to 2007 levels.
The association announced that the 2024 European Football Championship (UEFA EURO) will be held in Germany.
2024) and the Paris Olympics to be held in France, demand for replacement electronic products will increase next year.
Although some promising international events are scheduled, global demand is uncertain due to Russia's invasion of Ukraine and Israel's invasion of Gaza. Policies based on the results of the US presidential election
These changes will have a major impact on the global display market next year."