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OLED display market predicted to reach $25.5bn in 2018, says IDTechEx

Credit: Maurizio Pesce

In 2018, the OLED industry will be worth $25.5 billion, reports IDTechEx Research, rising to $30.72bn in 2019.

OLEDs used in mobile devices dominate the OLED industry, comprising 88% of the market revenue this year. According to IDTechEx, these are predominately supplied by Samsung, but recent capacity additions come from china-based companies, BOE Display, CSOT, EDO, Tianman, and Visionox.

The second largest sector is OLED TVs, supplied by LG, which are 8% of the total market by revenue in 2018, but 27% of the market by display area, adds IDTechEx.

The report identifies the third largest OLED application in 2018 as wearables, which is 2% by market value and 0.4% by area in 2018.

The OLED is anticipated to grow to $58bn in 2025, with the total area of displays to be 27.6 million sq meters.

The impact of the Rec.2020 digital standard for next generation UHD displays are better satisfied by quantum dot (QD) displays, IDTechEx continues. Emissive QD displays are still in development and IDTechEx predicts the first QD emissive displays to come to market by 2026, at which point it believes the OLED industry will be more depreciated.

The reports highlights that 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 then in volume.

Printed OLED displays are still in development, with JOLED having launched the world’s first commercial printed OLED display in late 2017. While others – particularly Chinese panel makers – pursue research in this area, concludes IDTechEx.

Source: www.idtechex.com/display

Author
Bethan Grylls

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