Market updates - Page 12

Omdia says that the utilization at display production fabs is on the rise, recovering from 66% in January 2023 to 74% in the second quarter, as demand for TVs, laptops, monitors and smartphones is on the rise.

However, this is mostly true for LCD displays. OLED producers are still facing low demand, and fab utilization remains below 60%. The industry has yet to recover from the oversupply it experienced in 2022. This is true for both mobile AMOLED displays and OLED TV panels.

Omdia says that small-size (under 9") AMOLED display shipments dropped 6% in 2022 to 762 million units, due to lower demand for smartphones.

Samsung remains the leading AMOLED maker, with a 56% market share (by unit), down from 61% in 2021, with BOE in the second plane (12%) and LG Display in the third place (11%). The next producers by shipments are Visionox and Everdisplay.

DSCC estimates that the OLED market will contract 7% in 2023, by revenues, to reach $38.7 billion. In terms of shipments, there will be a 1% decline from last year.

The two main OLED markets, smartphones and TVs, will both decline - OLED smartphone revenues will decline by 8% in 2023 (shipments will remain the same), while OLED TV panel revenues will drop 15% (12% by shipments).

DSSC says that more smartphone makers will join the foldable phone market in 2023, with 37 new models introduced (up from 19 in 2022) - including new models from Google and OnePlus. DSSC says at least 16 new clamshell phones will be released, at least 20 in-folding type and one new out-folding device.

Looking at foldable smartphone shipments, DSSC says that the market will grow 45% to reach 18.6 million units, as performance increases and price decreases.

DSSC says that 3.1 million foldable smartphone shipped in Q4 2022, a drop of 48% compared to the previous quarter (and 26% compared to Q4 2021). This is the first time that the foldable smartphone market contracted.

DSSC says that the market was "overwhelmed by the launch of the iPhone 14 Series". Worsening global economic conditions also reduced demand. In the full year 2022, 12.9 million foldable phone shipped (a 62% increase over 2021), led by Samsung with a 83% market share.

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DSCC says that OLED panel revenues were $12.6 billion in Q4 2022, down 3% from Q4 2021. Shipments declined by 7% compared to last year.

For the full year 2022, revenues reached $41.7 billion, a 1% decrease from 2021. AMOLED for smartphones shipments (units) decreased by 1%, while OLED TV panel shipments decreased by 9%. Some OLED segments grew in 2022 - AR/RV, automotive, monitors, and tablets.

DSCC says that even though the display market is facing difficult market conditions, the automotive displays segment is expected to continue growing, and total shipments (both LCDs and OLEDs) are expected to exceed 200 million panels (an average of over 2 displays per car).

OLEDs are still a small percentage of the market (less than 0.5%, in fact), but OLEDs will gradually penetrate high-end applications for flagship models, as OLED makers adopt flexible and tandem-architecture technologies.

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According to DSCC, display fab utilization started to decline in Q2 2022, and this continued - and bottomed out towards the end of 2022. The industry is starting to recover, but the recovery is slower than expected before.

This is true for both LCD and OLED displays, as you can see in the graph above.