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IHS Markit forecasts that AMOLED panel market to surge 63 percent in 2017, IHS Markit

Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market

7 Jul 2017 | Editor

According to IHS Markit the global active-matrix organic light-emitting diode (AMOLED) panel market is forecast to surge 63 percent in 2017 from a year ago to US$25.2 billion on growing demand for AMOLED panels in the smartphone and TV industries, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

The demand for AMOLED displays has rapidly risen in the smartphone market in particular as the flexible substrate allows phones to be produced in various designs with a lighter and slimmer bodies. This year, leading smartphone makers have competitively rolled out premium phones that boast a very narrow bezel or nearly bezel-less designs.

According to Display Long-term Demand Forecast Tracker from IHS Markit, the TV industry, the second biggest market for AMOLED panels, will also play a major role in fostering the growth of the AMOLED panel market this year.

LG Display, which currently dominates the AMOLED TV panel market, is set to embark on the operation of its second AMOLED TV panel line E4-2 with an aim to mass produce panels in the latter half of this year.

Bumped up by an increase in output, the AMOLED TV panel market is forecast to grow from 890,000 units last year to 1.5 million units this year. By 2021, the AMOLED panel market is projected to expand at a compound annual growth rate of 22 percent to exceed US$40 billion.

IHS Markit - AMOLED display market forecast

Figure: IHS Markit - AMOLED display market forecast

Ricky Park, director of display research at IHS Markit. said, "Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market." Ricky added, "A steady rise in demand from head-mount displays and mobile PCs would also prop up the market. The AMOLED display market is also expected to get a boost from Apple’s decision to use an AMOLED screen in its iPhone series to be released later this year, and Chinese smartphone makers’ moving to newer applications of AMOLED panels" Ricky concluded "To meet the burgeoning demand, South Korean and Chinese display makers have been heavily investing in Generation 6 AMOLED fabs."
"Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market."

"A steady rise in demand from head-mount displays and mobile PCs would also prop up the market. The AMOLED display market is also expected to get a boost from Apple’s decision to use an AMOLED screen in its iPhone series to be released later this year, and Chinese smartphone makers’ moving to newer applications of AMOLED panels"

"To meet the burgeoning demand, South Korean and Chinese display makers have been heavily investing in Generation 6 AMOLED fabs."

Ricky Park, director of display research at IHS Markit

IHS Markit forecasts that AMOLED panel market to surge 63 percent in 2017, IHS Markit

Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market

According to IHS Markit the global active-matrix organic light-emitting diode (AMOLED) panel market is forecast to surge 63 percent in 2017 from a year ago to US$25.2 billion on growing demand for AMOLED panels in the smartphone and TV industries, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

The demand for AMOLED displays has rapidly risen in the smartphone market in particular as the flexible substrate allows phones to be produced in various designs with a lighter and slimmer bodies. This year, leading smartphone makers have competitively rolled out premium phones that boast a very narrow bezel or nearly bezel-less designs.

According to Display Long-term Demand Forecast Tracker from IHS Markit, the TV industry, the second biggest market for AMOLED panels, will also play a major role in fostering the growth of the AMOLED panel market this year.

LG Display, which currently dominates the AMOLED TV panel market, is set to embark on the operation of its second AMOLED TV panel line E4-2 with an aim to mass produce panels in the latter half of this year.

Bumped up by an increase in output, the AMOLED TV panel market is forecast to grow from 890,000 units last year to 1.5 million units this year. By 2021, the AMOLED panel market is projected to expand at a compound annual growth rate of 22 percent to exceed US$40 billion.

IHS Markit - AMOLED display market forecast
Figure: IHS Markit - AMOLED display market forecast

"Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market."

"A steady rise in demand from head-mount displays and mobile PCs would also prop up the market. The AMOLED display market is also expected to get a boost from Apple’s decision to use an AMOLED screen in its iPhone series to be released later this year, and Chinese smartphone makers’ moving to newer applications of AMOLED panels"

"To meet the burgeoning demand, South Korean and Chinese display makers have been heavily investing in Generation 6 AMOLED fabs."

Ricky Park, director of display research at IHS Markit

www.ihsmarkit.com   


About IHS Markit

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

Source: IHS Markit


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