Market updates - Page 15

UBI Research says that shipments of medium and large area OLED panels (which the company defines as 10 inches and up) will reach 26.1 million units in 2022. The market is set for fast growth, and shipments will reach 69.5 million units by 2027.

The main application by revenue will be TV panels, over the whole projected period, and OLED TV panel shipments will reach 14.8 million units in 2027, and generate $9.18 billion in sales.

UBI Research says that according to its latest information and forecasts, shipments of Samsung's rigid smartphone AMOLED displays declined to 19 million units in Q3 2022, a drop of over 50% compared to last year. Rigid smartphone OLED display sales will continue to decline at an annual rate of 12.9% and will reach only only 96 million units in 2027.

Flexible OLED sales will continue to increase at a rate of 7.4% from 2022 to 2027. In 2027, Samsung Display will ship 220 million flexible OLED displays, while BOE will ship 140 million OLEDs.

UBI Research says that according to its latest study, the OLED emitter market is set to grow from around $1.82 billion in 2022 to $2.75 billion in 2027, with an annual growth rate (CAGR) of 8.6%.

In 2027, UBI expects Samsung's emitter material orders to amount to $680 million - fueled by growth in foldable OLED panels. BOE's emitter material orders will reach $380 million, and LG Display's - $230 million.

DSCC says that 2022 was a disappointing year for VR, as the market did not grow as expected - although it still expects the market to grow quickly in the near future. DSCC sees $942 million in display panel revenues in 2022, growing to $7.3 billion by 2027 (a CAGR of 50.7%).

DSSC sees OLED microdisplays (OLED on Silicon, or SiOLED) leading the market from 2023 onwards, as producers start using these displays in VR headsets - including Apple's upcoming VR headset that will be based on dual 4K OLED microdisplays (in addition to an AMOLED display). Apple's VR headset is expected to be released in 2023.

Market research firm Omdia says that the global smartphone market is shrinking, and is set to fall 18% in 2022 to 1.425 billion units. LTPS AMOLED display shipments will decline 19% compared to 2021 to 44 million units (LCDs will decline even faster at 26%).

The only segmented that Omdia says is growing is the LTPO AMOLED one, with a fast growth of 94% in 2022 (to 148 million units), and will continue to grow in 2023 (25%).

UBI Research estimates hat shipments of OLED panels for IT applications (tablets, monitors and laptops) will reach 48.8 million units by 2027, growing from around 9.5 million units in 2022 (a CAGR of 39%).

In 2022-2024, the main application for OLED panels is in laptops, but this will change from 2025 and onwards as tablets will also become a dominant applications (as Apple will start adoping OLEDs in its high-end iPads).

In case you missed it, here are some recent and popular OLED stories that you may find of interest:

• SDC confirms plans for a 8-Gen IT OLED production line, to begin operations in 2024
• Is printed-OLED producer JOLED on the brink of bankruptcy?
• Samsung to increase its QD-OLED production capacity by year's end
• LG Display to start producing mid-size WOLED panels as demand for TVs declines
• Intel and Samsung Display show a rollable 17-inch AMOLED display prototype
• LGE starts shipping a 42" bendable OLED monitor/TV
• SDC aims to mass produce OLED microdisplays by 2024
• LG Display plans a new automotive OLED production line
• Japan Display announces a breakthrough lithographic-based OLED production method
• Apple reduces its OLED orders from SDC for 2022
• OLED Microdisplays in China - industry snapshot October 2022
• DSSC sees a $65 billion OLED market in 2026
• The world's first QD-OLED devices start shipping
• Samsung starts developing a tandem OLED architecture for Apple's future iPads
• UDC says it will have a commercial blue PHOLED emitter by 2024

The OLED Microdisplay industry is enjoying increased interest in the last few years, as the world's leading device makers (led by Apple, Facebook, Sony, Google, Samsung and others) are all developing next-generation VR and AR devices that are based on high-end microdisplays. OLED is regarded as the most fitting technology to power these next-generation devices.

Up until a few years ago, there was only a handful of companies that developed and produced microdisplays - led by eMagin, Sony, OLiGHTEK and MicroOLED, and the combined production volume was very limited, as applications were mostly in the defense, medical and high-end cameras sectors. But the increased demand spawned many more companies, some of which have already started to sell displays in the market, which expanded the global supply dramatically.

The OLED microdisplay industry is enjoying high demand, and over the past years we have seen several new producers join the market, and new projects and developments. Here are some of the latest OLED microdisplay related industry news:

• Samsung is testing eMagin's direct patterning technology for its future OLED microdisplays
• LG Display and SK Hynix to collaborate on OLED microdisplay production
• Samsung Display aims to start producing OLED microdisplays by 2024
• LG Display: OLED will be the main display technology for future AR and VR devices
• Qualcomm unveils a new AR HMD reference design powered by Seeya OLED microdisplays
• APS to build a a 3000 PPI OLED microdisplay R&D production line
• BCDTEK sets out to construct a $970 million 12-inch OLED microdisplay fab in Huainan
• DSCC: Apple's first VR headset will sport two OLED microdisplays and an additional AMOLED
• Reports say Meta is working on a microOLED display powered VRR headset
• On Sidtek's OLED microdisplays status and plans
• DSCC: AMOLEDs and OLED microdisplays to re-enter the VR market in 2023-2024
• Kopin received new orders and new customers for its OLED microdisplays and backplanes
• SNU Precision to launch a direct emission OLED microdisplay deposition tool
• Important things to keep in mind when designing an OLED micro-display project
• On Seeya's OLED microdisplays status and plans

According to reports from Korea, the OLED market is slowing down, as part of the overall weakness in the consumer electronics markets and specifically in the display market. It is reported that OLED TV sales dropped 18.1% in the second quarter, while in the second half of 2022, LGD's OLED TV panel shipments decreased by 11.4%.

The slowdown is also apparent in the OLED smartphone market, and DSCC estimates that 554 million OLED smartphones will ship in 2022, a 13% decrease compared to 2021.