Wednesday, 22 May 2019

OLED revenues forecast to grow to US$50 billion in 2022

DSCC forecast a 33% growth peak in 2020 as flexible OLED capacity booms and prices drop from increased competition

DSCC | AMOLED revenues and y/y growth forecast

27 Sep 2018 | Editor

​OLED revenues are expected to grow from US$26 billion in 2018 to US$50 billion in 2022, according to Display Supply Chain Consultants' (DSCC).

DSCC say OLED displays are experiencing rapid growth as consumer devices migrate from rigid to flexible and foldable designs.

The growth rate for flexible OLEDs is forecast to grow 32% from 2018 to 2022.

Samsung Display continues to take the dominant market share of mobile OLED shipments, with a 91% share in the second quarter of 2018.

However, Samsung Display is forecast to lose share over the long term as other panel manufacturers become more aggressive in their OLED production and promotions.

​Flexible OLED revenue share fell to 44% of OLED phone panel shipments in the second quarter, but it will rebound in the third quarter of 2018 with 63% share of revenues. In unit terms, flexible OLED panels will surpass rigid panels in 2021.

DSCC | Module price for LTPS and AMOLED 6-inch phone

Figure: DSCC | Module price for LTPS and AMOLED 6-inch phone*

​OLED quickly growing beyond smartphone adoption

By application, smartphone revenue share is expected to fall from 86% in 2018 to 75% in 2022 due to declining prices and faster OLED growth in other applications.

OLED and Quantum Dot (QD) OLED TVs are expected to grow 62% in 2018 and 82% in 2020 to reach 13.1 million in 2022.

In smartphones, OLEDs are forecast to overtake LCDs by 2022 as strong growth in flexible panels and the introduction of foldable phone panels overcome the LCD advantage in price.

"So far, Chinese OLED panel makers have not been competitive with Samsung Display’s OLED production."

"Samsung Display offers several low-priced solutions in the Chinese market, and these have helped drive rigid OLED volume in the second quarter of 2018."

Bob O’Brien, Co-Founder and President of DSCC

*Source: DSCC Quarterly OLED Shipment and Fab Utilization Report, 3rd Quarter 2018


About DSCC

Display Supply Chain Consultants (DSCC) is a rapidly growing display market research company offering more insight at a lower cost.

Founded by four of the leading experts in the display industry, Ross Young, Bob O'Brien, Yoshio Tamura and Sam Matsuno, our analysis is based on a deeply connected insider network and decades of collective experience covering every layer of the display supply chain, including :

  • Flat panel manufacturing equipment suppliers
  • Flat panel materials manufacturers
  • Panel suppliers
  • OEMs
  • Brands
  • Distributors
  • Retailers
  • Financial community

In addition to offering reports with actionable insights and intelligence on market and technology trends, we provide consulting services and events that inform and engage the display industry. Our company has offices in multiple cities across the US as well as in Japan, Korea and China.

Let us help you cut through the information clutter and find the insights you need to make smart business decisions.

Source: DSCC

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