OLED display market to hit $25.5bn this year
The OLED industry will be worth $25.5 billion in 2018, rising to $30.72 billion in 2019 and eventually growing to $58 billion in 2025, with the total area of displays being 27.6 million m2 that year.
That’s according to the IDTechEx Research report ‘Global OLED Display Forecasts and Technologies 2019–2029’, which provides a comprehensive assessment of OLED display technologies and markets based on primary research conducted globally by IDTechEx analysts.
OLEDs used in mobile devices dominate the OLED industry, comprising 88% of the market revenue in 2018. These are predominately supplied by Samsung but recent capacity additions come from BOE Display, CSOT, EDO, Tianman and Visionox, all based in China.
The second-largest sector is OLED TVs, supplied by LG, which comprise 8% of the total market by revenue in 2018 but 27% of the market by display area. The third-largest OLED application is wearables, which is 2% by market value and 0.4% by area in 2018. The thinness, flexibility and appearance of the display are desirable in these applications versus LCDs.
The report also assesses the progress of emerging competitive technologies. For example, the impact of the Rec.2020 digital standard for next-generation UHD displays is better satisfied by quantum dot (QD) displays. Emissive QD displays are still in development and IDTechEx Research expects the first QD emissive displays to come to market in 2026, at which point the OLED industry will be more depreciated.
In the race to innovate to differentiate, there is rapid progress from glass-based OLED displays to plastic-based/flexible displays and ultimately foldable displays. In 2017, 25.6% of manufactured OLED displays were plastic based; that rises to 35.3% in 2020, with the first foldable displays coming to market in volume.
Printed OLED displays are still in development, with JOLED having launched the world’s first commercial printed OLED display in late 2017 and others — particularly Chinese panel makers — aggressively pursuing research in this area.
The IDTechEx report gives a detailed, impartial appraisal of the OLED markets and technologies, leveraging the full expertise of its analysts and the direct interviews with companies in the value chain. For more information, visit www.idtechex.com/display.
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