Key Takeaways
1. OLED monitors offer exact colors and deep black levels, but their higher price has limited widespread use compared to IPS and VA panels.
2. LG predicts the OLED monitor market will grow from $75 million in 2022 to over $1 billion by 2025, indicating increasing acceptance of the technology.
3. Multiple brands, including Samsung and MSI, are entering the OLED market, providing consumers with a greater variety of options.
4. Competition has led to price reductions for OLED monitors and the introduction of smart features to combat burn-in concerns.
5. Enhancements in brightness for OLED monitors could attract even more customers in the future.
OLED monitors are known for their exact colors and deep black levels. The biggest hurdle for their widespread use has been their price, which tends to be higher compared to regular IPS and VA panels. Nevertheless, sales of OLED monitors are continuing to rise. A report from January indicated that these displays made up 22 percent of all new monitors sold. Now, LG is making financial forecasts that might ease concerns about the fast acceptance of OLED technology.
LG’s Promising Projections
Today, PC Gamer shared an update after LG released a press statement focused on monitors. The main takeaway is that the company predicts the OLED monitor market will grow from $75 million in 2022 to over $1 billion by 2025. LG isn’t the only player in this field; Samsung and MSI are also seeing success with QD-OLED panels, which offer enhanced brightness. Additionally, some lesser-known Chinese brands are providing more affordable OLED options for budget-conscious consumers.
Increased Variety for Consumers
With more brands investing in OLED technology, the variety available is good news for shoppers. For instance, Samsung’s 49-inch Odyssey ultrawide OLED monitor provides an immersive experience for gamers or can replace several 16:9 monitors in a workspace. LG is also tapping into the demand for larger screens, recently announcing a 45-inch monitor with a stunning 5K2K resolution (5120×2160). Conversely, MSI has introduced the 27-inch MPG 272URX 4K OLED gaming monitor, which is designed for esports professionals with a top refresh rate of 240 Hz.
Competitive Prices and Features
As the competition heats up, some OLED monitor prices have dropped to more affordable ranges. Manufacturers are also adding smart features to ease worries about burn-in. Currently, these monitors don’t quite match the brightness of their OLED TV counterparts. However, if LG and other companies manage to increase the brightness of OLED monitors, it could draw in even more customers.
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