OLED Smartphones - introduction and industry news - Page 7
Omdia: the OLED market by area will grow to over 30 million sqm in 2030
Market research firm Omdia says that according to its latest forecast, the OLED market will grow at a CAGR of 11% from 2022 to 2030, by total display production area.
The main OLED application is smartphone displays, and Omdia says that in 2022 the penetration of OLED displays into that market reached 42%. The market share of OLED smartphones will rise steadily in the future. The OLED TV market is experiencing a slowdown, but Omdia says it will resume growth in 2024.
The OLED Marketplace now lists a 8.01" foldable OLED smartphone panel, made by CSoT
In 2021, TCL's CSoT started producing foldable OLED panels, and the OLED Marketplace now lists the first such panel, a 8.01" 60Hz 2480x1860 AMOLED smartphone display, with an embedded touch panel.
If you are interested in this display for your device or new project, contact us now, or check out more information over at the OLED Marketplace. It is available in sample quantities, and in large volume orders.
Samsung announces new foldable phones, tablets and smartwatches, all based on AMOLED displays
Samsung announced several new devices today, all utilizing AMOLED displays. We'll start with the two new foldable phones, the Galaxy Z Fold5 and Z Flip5. The Fold5 offers a foldable 7.6" 120Hz 1812x2176 foldable AMOLED display, and a 6.2" 120Hz 904x2316 cover AMOLED. The phone has a Snapdragon 8 Gen 2 chipset, 12 GB of RAM, up to 1TB of storage and a triple camera setup.
Samsung's Galaxy Z Flip5 smartphone offers a foldable 6.7" 120Hz 1080x2640 foldable AMOLED display, and a small 3.4" 720x748 cover Super AMOLED display. The phone has a Snapdragon 8 Gen 2 chipset, 8 GB of RAM, up to 512GB of storage and a dual camera setup.
New laser repair system developed to fix AMOLED smartphone screen defects
An interesting video review shows a new repair system, based on lasers, that can fix defects in smartphone AMOLED displays. The system uses optical microscopy to find defects in operating OLED displays, and then a laser is used to fix the problems:
Such systems can be useful, but of course won't be able to fix all problems and defects in AMOLED displays, only ones that were caused by physical problems in conductive lines in the OLED module, that can be fixed by lasers. It will be interesting to see if these machines will truly find a place in the OLED repair aftermarket scene.
The Honor Magic V2 smartphone is highly popular in China, according to JD.com
Honor started selling it Magic V2 foldable smartphone 10 days ago, and according to online retailer JD.com, the phone was the 2nd most popular premium smartphones during the week (Apples iPhone 14 Pro is the most popular phone).
The Magic V2 model sold at JD.com costs 9,999 Yuan (around $1,400 USD). It seems as this is the first foldable that reaches high popularity in China, said to be mostly because of its thin profile and low weight (compared to other foldables). The phone is also sold at other Chinese outlets and can be ordered internationally through Aliexpress.
Tianma, BOE and Visionox report their latest financial results as profits decline, but demand for OLED panels increases
Three display makers in China (BOE, Tianma and Visionox) reported their preliminary financial results for the first half of 2023. It seems as if all companies are facing a sluggish economy and lower demand for displays - but the OLED business is actually seeing increased demand.
We'll start with BOE, that expects an operating profit of around 700-800 million Yuan ($97-110 million USD) in the first half of 2023, a decrease of around 90% from last year. BOE says that it is starting to see demand increasing as the year progresses.
Samsung Electronics stops its BOE OLED review process as the tension between the two companies rises
According to reports from Korea, Samsung Electronics considered adopting AMOLED display produced by BOE for its next flagship smartphone, but the company has halted the review process as the two companies are in the midst of an IP dispute.
A few months ago Samsung filed a motion with the US ITC to halt the import of aftermarket AMOLED displays produced by BOE. A group of OLED makers in China, which includes BOE, answered with a motion of their own, to dismiss an SDC AMOLED patent. This legal battle continues, and the tension between Samsung and BOE is on the rise.
UBI: the foldable OLED market will grow to 61 million units by 2027
UBI Research estimates that the foldable OLED market will reach 22 million units in 2023, and will grow to 61 million units by 2027, a CAGR of 29%.
UBI also published a forecast on cover material market for foldable OLEDs - this market will also expand, and will grow to $840 million n 2027. UBI says that the market share of ultra-thin glass will grow, as Samsung will only produce foldable OLEDs with UTG in the future, and other makers including BOE, CSoT and Visionox are developing UTG panels.
DSCC: OLED panel revenues to decline in 2023, in a second consecutive year
DSCC says that OLED panel revenues will decline 7% in 2023 (to $38.9 billion), the second consecutive year that the OLED market is seeing a decline in sales. The largest declines will be in the OLED TVs and laptops segments.
The OLED smartphone market will actually grow 4% in unit sales, but revenues will decline 5%. The OLED TV market will decline 29% in 2023 in both revenues and units. OLED laptop unit sales will decline by 15%. All other segments, including AR/VR, automotive and tablets, will grow in sales and revenues in 2023.
LG reports its results for Q1 2023: decreased sales as demand is sluggish, delays P10 fab in Paju
LG Display reported its financial results for Q1 2023, with revenues of 4,411 billion Won ($3.3 billion USD), down 40% from the previous quarter and 32% from 2022.
The company says there is 'sluggish demand' for TV and IT products. The company plans to focus on automotive displays, smartphone OLEDs and IT OLEDs (mid-sized panels). LG also aims to increase its sales of OLED gaming monitor panels and transparent OLED displays.
