Press Releases from January 2024

OLED Revenues to Decline 9% Y/Y in 2023 – Recovery in IT Categories and Smartphones Expected to Continue in 2024

January 2, 2024

As revealed in DSCC’s latest release of the OLED Shipment Report, OLED panel revenues are expected to fall by 9% Y/Y in 2023 to $37.6B versus our prior estimate of a 13% Y/Y decline. The improvement to panel revenues is the 2% Y/Y increase for units as a result of the 2H’23 inventory and demand improvement for several applications. In Q3’23, OLED smartphones increased 9% Q/Q and 22% Y/Y and OLED tablets increased 61% Q/Q and 103% Y/Y. Several other applications had Q/Q and Y/Y increases. Please refer to the report for more details. As a result of the increases, 2H’23 is expected to be up 37% versus 2H’22, which was up 11%.Read More

AMOLED Evaporation Materials Market to Grow to $2.7B by 2027, Phosphorescent Blue Update

January 8, 2024

The revenue for AMOLED evaporation materials for all applications is expected to grow 1% Y/Y to $1.7B in 2023 and expected to grow to $2.7B in 2027, an 11% CAGR (2023-2027), according to the latest update of DSCC’s Biannual AMOLED Materials Report. According to DSCC Senior Analyst of Display Components and Materials Kyle Jang, "Revenues can be hundreds of millions of dollars higher in 2027 if Universal Display Corporation (UDC) successfully commercializes a blue phosphorescent emitter dopant, as they have announced. The report details all aspects of AMOLED materials, including multiple applications, supplier matrices and cost comparisons."Read More

After a Miserable 2023, Recovery for Advanced TV Market Expected to Start in 2024 with Long Term Growth Projected

January 8, 2024

Advanced TV shipments declined in both units and revenue in 2023, but both units and revenue are forecasted to resume growth in 2024, according to the latest update to DSCC’s Quarterly Advanced TV Shipment and Forecast Report, now available to subscribers. This report covers the worldwide premium TV market, including the most advanced TV technologies: WOLED, QD-OLED, QDEF, MicroLED and MiniLED with 4K and 8K resolution. The report looks at current and future TV shipments and revenues by technology, region, brand, resolution and screen size, and forecasts the growth of all these technologies. Last month we covered the most recent historical results and this week we will cover our updated forecast.Read More

MiniLED Shipments Rebounded 20% in Q3’23, DSCC Report Reveals MiniLED Penetration Continues to Steadily Increase

January 29, 2024

The shipments of MiniLED displays returned to normal in the third quarter as inventory is eliminated and demand recovers. DSCC’s latest Quarterly MiniLED Backlight Technologies, Cost and Shipment Report revealed that MiniLED backlight shipments increased to 4.7M units in Q3’23, more than a 20% increase compared to Q2’23, and are expected to remain flat in Q4’23. The total shipments for MiniLED backlight panels will reach more than 19M units in 2024.Read More

DSCC Releases New Smartwatch Shipment and Technology Report with Significant Insights for OLEDs and MicroLEDs

January 29, 2024

DSCC released the inaugural issue of its Quarterly Smartwatch Shipment and Technology Report last week and it packs a tremendous amount of insights for the smartwatch market. Sony introduced the first OLED smartwatch in 2012 using a 1.3” OLED display, followed by Samsung in 2013 with a 1.63” OLED display. Since then, more than 20 brands have OLED smartwatch offerings. According to DSCC Senior Director David Naranjo, “DSCC expects OLED smartwatches to grow by an 8% CAGR from 2022 – 2028 as panel ASPs decline by a 7% CAGR. MicroLEDs are the latest technology frontier that is expected to be used for smartwatches in the coming years. Today, MicroLEDs are commercialized for large displays such as the 140” TV by Samsung and in development for AR, automotive and smartwatch applications. DSCC expects several brands to introduce a MicroLED smartwatch in 2025 and in 2026.”Read More