MiniLED TVs are getting more and more popular than OLED; will surpass in market share for the first time in 2024

Market research agency Luotu Technology shared their findings at the UBI research conference held in Seoul, South Korea. The agency predicts that the
MiniLED TV
shipment this year will surpass the OLED TV shipment for the first time this year.
Credit: TCL
According to the research data, this year’s shipments of MiniLED TVs will be 6.8 million units, which is 0.4 million higher than the predicted OLED TV shipment for 2024. Notably, MiniLED TV shipments are catching up with OLED in the last few years.
Researcher Melissa Wang noted that OLED TV shipments decreased by 20.6% year-on-year in 2023, while MiniLED shipments saw a growth of 24.7% year-on-year for the same period. The shipment figures for OLED and MiniLED TVs last year were 5.48 AND 4.25 million units respectively.
Clearly, MiniLED Shipments are on the rise.
Year
MiniLED TV shipment (million)
OLED TV shipment (million)
2021
2.3
6.5
2022
3.4
6.9
2023
4.25
5.48
2024
6.8
6.4
2025
10.2
7.1
2026
16.4
7.6
2027
21.6
8.1
2028
25.5
8.5
As you can see from the data, MiniLED TVs are expected to get more and more popular. While OLED TV shipments are also expected to grow, MiniLED TV shipments are predicted to grow exponentially and achieve a figure more than three times bigger than its competitor.
Currently, the MiniLED TV market is led by Samsung Electronics, TCL, and Hisense, While the OLED TV market is led by LG,
Samsung
, and
Sony
. The Elec notes that TV shipments from Samsung Electronics (which contributes to both of the technologies) will play a crucial role in shaping the future market share. MiniLED TVs such as the
TCL C12H series
or the Terrace TV from Samsung Electronics can offer higher contrast and improved brightness, thanks to their smaller diodes.