Samsung Electronics has secured the top spot in the global OLED monitor market within a year of launching its first model, the Odyssey OLED G8, capturing 34.7% of market share based on total revenue, according to the International Data Corporation (IDC). The company maintained its lead in the overall global gaming monitor market for the fifth consecutive year. Samsung continues to innovate in the OLED market, with its latest offering – the Odyssey OLED G9 earning a CES® 2024 Innovation Award.
- Samsung Electronics has become the top seller of OLED monitors globally, capturing 34.7% of the market share in just one year after launching its first OLED model, the 34″ Odyssey OLED G8.
- The company has also maintained its leadership in the overall global gaming monitor market for the fifth consecutive year, with a market share of 20.8% in terms of total revenue.
- Samsung unveiled three new OLED monitor models at CES 2024, including the Odyssey OLED G8, G6, and an updated G9, each receiving positive reviews and awards for their innovative features.
A Swift Ascent in the OLED Monitor Market
In a stunning display of progress, Samsung Electronics has clinched the number one position in the global OLED monitor market within just a year of launching its first OLED model. The South Korean giant captured a substantial 34.7% of global market share based on revenue, and a hefty 28.3% based on volume sold in 2023, according to the International Data Corporation (IDC).
“The OLED monitor market is highly competitive, so reaching the top spot requires unparalleled innovation and product quality,” said Hoon Chung, Executive Vice President of Visual Display Business at Samsung Electronics. “This achievement speaks to our drive for excellence and understanding of consumer needs, the key factors in producing outstanding OLED monitors for performance-demanding gamers around the globe.”
Maintaining a Stronghold in the Gaming Monitor Market
Samsung has not only advanced swiftly in the OLED monitor market, but it has also successfully retained its leadership in the global gaming monitor market for the fifth consecutive year, with a 20.8% market share in terms of revenue.
Samsung’s commitment to innovation in its OLED monitor lineup is evident. It’s Odyssey OLED G9 model, for instance, has received widespread acclaim from experts and reviewers worldwide. At CES 2024, Samsung expanded its OLED monitor range, unveiling three new products, all of which have already impressed early reviewers and won awards.
The Odyssey OLED G9 was even named a CES® 2024 Innovation Awards Honoree, further cementing Samsung’s place in the OLED monitor market.
Looking Ahead
Samsung plans to continue diversifying its gaming monitor lineup with new Odyssey OLED models, leveraging its proprietary OLED technology. The company is building on the success of the Odyssey Neo series with Quantum Mini LED technology, and the Odyssey Ark, which showcased a groundbreaking interface and form factor.
With a clear understanding of consumer needs, the company has been able to deliver products that meet user expectations. As Samsung continues to diversify their lineup and leverage proprietary technology, we can expect Samsung to remain a dominant force in the monitor market. This is not just a win for Samsung, but also for consumers who benefit from the continual advancements in technology.
FAQ
Q: What is the key factor behind Samsung Electronics’ success in the global OLED monitor market?
A: In the words of Hoon Chung, Executive VP of Visual Display Business at Samsung Electronics “unparalleled innovation and product quality”.
Q: Which Samsung monitor model helped the company secure the top position in global sales of OLED monitors?
A: The 34″ Odyssey OLED G8 (G85SB model), a gaming monitor, was the first OLED model launched by Samsung Electronics, which helped them achieve the top position in the global OLED monitor market.
Q: How much of the global OLED monitor market share did Samsung Electronics capture in 2023?
A: Samsung Electronics captured 34.7% of market share based on total revenue and 28.3% of OLED monitors sold in 2023.
Q: How long has Samsung Electronics maintained its leadership in the overall global gaming monitor market?
A: Samsung Electronics has maintained its leadership in the overall global gaming monitor market for the fifth consecutive year.
Q: What new products did Samsung unveil at CES 2024 to expand its OLED monitor lineup?
A: Samsung unveiled three new products at CES 2024: The Odyssey OLED G8 (G80SD model), The Odyssey OLED G6 (G60SD model), and an updated Odyssey OLED G9 (G95SD model) with new features.
Q: What recognition did the Odyssey OLED G9 receive at CES 2024?
A: The Odyssey OLED G9 was named a CES® 2024 Innovation Awards Honoree at the CES® event.
Q: How does Samsung plan to diversify its gaming monitor lineup in the future?
A: Samsung will continue to introduce new Odyssey OLED models, each leveraging Samsung’s proprietary OLED technology, following the success of the Odyssey Neo series with Quantum Mini LED technology and the Odyssey Ark.