LONDON, June 19,
2024 /PRNewswire/ -- According to the
latest Omdia Mini LED Backlight Market Tracker, LCD TV display
equipped with mini-LED backlight unit will be reaching 6.2 million
units in 2024. During the same year, Samsung Display and LG Display
are forecasted to produce 6.8 million units of OLED TV display,
including both WOLED and QD OLED TV variants. However, by 2025, the
mini-LED backlight TVs are forecasted to reach 9.3 million units,
surpassing the 7.5 million units of OLED TV, for the first
time.
Since 2022, the LCD TV display market with
mini-LED backlight and quantum dot materials has experienced
substantial growth. This expansion is driven by the continuous cost
reductions through effective supply chain management of the
mini-LED backlight and advancements in quantum dot materials. While
OLED TV displays are celebrated for their infinite contrast ratio,
exceptional color gamut and fast response times, the combined
mini-LED backlight and quantum dot-equipped LCD TV display is now
challenging OLED TV's dominance. The mini-LED backlight enhances
dimming functions and HDR capabilities while quantum dots boost
color gamut performance, leading LCD TV OEMs and panel makers to
adopt both technologies to elevate their product
specifications.
OLED TV display shipment have outpaced mini-LED backlight
displays for the past decade, but this trend is set to change from
2025.
Samsung, LG Electronics, Sony, TCL and Hisense are all
aiming for double digit growth in their mini-LED backlight TV
display shipment in 2024 and 2025.
"OLED TV panels offer significant advantages in the high-end TV
market, such as higher brightness, better environmental
friendliness due to fewer components and materials, no halo effect
on the screen since there is no mini-LED grouping for dimming
zones, and a strongly established premium TV image among
consumers," commented David Hsieh,
Senior Research Director in Omdia's Displays practice.
"However, mini-LED backlights are now competitive in
several aspects : a mature supply chain, the shift to larger LCD TV
displays, the cost-effective 500-2,000 dimming zones, the
production of super larger size like 85-inches and above, and ample
capacity for LCD TV open cells," added Hsieh. "Therefore,
there will be intense competition between mini-LED backlight LCD
TVs and OLED TVs moving forward, which will help expand the
high-end TV segment and align with the trends towards larger
sizes," concluded Hsieh.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
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decisions.
Fasiha Khan
Fasiha.khan@omdia.com
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SOURCE Omdia