FOR IMMEDIATE RELEASE: 09/06/2018
DSCC Forecasts OLED Revenue to Grow to $50 Billion in 2022
Austin, TX -
OLED revenues are expected to grow from $26 billion in 2018 to $50 billion in 2022, according to Display Supply Chain Consultants’ (DSCC) Quarterly OLED Shipment and Fab Utilization Report. 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, the company will lose share over the long term as other panel makers become more aggressive in their OLED production and promotions.
“So far, Chinese OLED panel makers have not been competitive with Samsung Display’s OLED production,” said Bob O’Brien, Co-Founder and President of DSCC. “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.”
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.
By application, the 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.
DSCC has recently released its third quarter Quarterly OLED Shipment and Fab Utilization Report with a five-year forecast of OLED shipments and revenues by application, supplier and size. The report also tracks and compares OLED and LTPS LCD fab utilization and provides analysis of the supply chain for all OLED applications. For more information about the report, please contact Gerry McGinley at 770-503-6318, e-mail firstname.lastname@example.org or contact your regional DSCC office in China, Japan or Korea.
DSCC CEO Ross Young will be presenting the latest outlook for the OLED market at the upcoming OLEDs World Summit 2018 on September 19, 2018 in San Francisco, CA. If you would like to meet with him there, please contact him at email@example.com.
Display Supply Chain Consultants (DSCC) was formed by experienced display market analysts from throughout the display supply chain and delivers valuable insights through consulting, syndicated reports and events. The company has offices in the US, China, Japan, Korea, Taiwan and the UK. DSCC is on the web at www.displaysupplychain.com and can be reached in the US at firstname.lastname@example.org.