TrendForce: Market share of OLED automotive panels are estimated to reach 10% by 2026

The market share of organic light emitting diode (OLED) automotive panels is forecasted to rise steadily over the next two years, reaching a 10% share by 2026, according to TrendForce. TrendForce said it estimates that the overall supply of automotive panels will maintain growth for 2023. Additionally, by 2026, TrendForce forecasts that the annual total supply of automotive panels will surpass 240 million pieces. Furthermore, as panel makers improve their OLED products in terms of performance and cost optimization, the market share of OLED in the market for automotive panels is forecasted to reach 8.9% by 2026. Further findings by TrendForce includes: The ongoing inflation has resulted in a significant decline in the demand for consumer electronics, prompting panel manufacturers to shift their focus towards automotive displays. Regarding the development of automotive panels, automobile manufacturers are now increasingly demanding greater integration in terms of design and functionality. This opens up new opportunities for panel makers to expand their presence downstream by offering system integration services. Panel makers aim to loosen the tight control that traditional Tier-1 automotive suppliers have over various automotive parts and components. Specifically, for displays used in cockpit systems, panel manufacturers are looking to establish a new kind of supply relati...