DSCC says that 2.22 million foldable smartphones shipped in Q1 2022, up 571% from the first quarter of 2021. In Q4 2021, however, 4.2 million units shipped (a 47% decrease).
DSCC estimates that a total of 16 million foldable OLED phones will ship in 2022, a 107% increase compared to 2021. In terms of OLED panels, over 20 million will be produced and shipped in 2022.
In case you missed it, here are some recent and popular OLED stories that you may find of interest:
DSCC says that global OLED revenues in Q1 2022 were around $9.5 billion, the same as in Q1 2021, even though unit shipments declined 4%.
Smartphone remained the leading OLED application, with a 79% revenue share, even though shipments decreased 8% (and revenues decreased 3%). The second largest application by shipments is wearables (16% in Q1 2022 by shipments and in 6% market share by revenues).
Nintendo disclosed that it shipped over 5.8 million Nintendo Switch OLED devices, since launching the new gaming console in October 2021.
The Nintendo Switch OLED model is an upgrade to the original Switch with a 7-inch 1280x720 OLED display (produced by Samsung Display). The Nintendo Switch OLED model is now shipping globally for $349.99.
OLED driver IC developer MagnaChip started shipping OLED display drivers in 2007, and the company announced yesterday that it has shipped over 730 million units since.
MagnaChip recently expanded its business area into new markets such as foldable smartphones, automotive displays and OLED TVs. The company expects the OLED DDIC market to grow rapidly in the next new years and quotes Omdia's estimate of 1.2 billion OLED panels shipped in 2028.
DSCC has updated its OLED market forecasts, as it sees faster growth than what it estimated earlier this year. DSCC says the market will grow at a 9% CAGR from 2021 to 2026, to reach $65 billion in revenues in 2026.
Most of the growth will be driven by demand to IT panels - monitor panels will grow at 70% CAGR (revenue), laptop panels at 52% CAGR and tablet panels at 52% CAGR. DSCC sees OLED TV shipments growing at 13% (units) and 6% (revenue), while smartphone panel shipments will grow at a CAGR of 11% in the period (with revenues growing at 6% CAGR).
In recent years we have seen AMOLED displays fall out of favor in the VR market, as most devices have opted for high-end LCDs, due to the better image definition, mostly. According to DSCC, this is set to change next year (in 2023).
Sony has already adopted high density (>800PPI) AMOLED displays in the Playstation VR2, DSCC says that this trend will continue. DSCC also sees OLED microdisplays finally entering the VR market in 2023, with around 15 million such displays shipped in this market by 2024.
Today we published new versions of our market reports - that cover the transparent, microdisplays, PMOLED and automotive OLED markets. OLED-Info provides comprehensive niche OLED market reports, and our reports cover everything you need to know about the niche market, and can be useful if you want to understand how the OLED industry works and what this technology can provide for your own industry. The reports are now updated to April 2022.
The OLED and MicroLED Microdisplays Market Report:
The report package also provides a complete list of OLED and microLED microdisplays makers and their current (and future) products, and personal contact details into the leading microdisplays makers. Read more here!
The OLED lighting market is still in its very early stages as currently commercial shipments mostly consist of premium lamps and installations, and the industry target niche applications - such as commercial lighting, health-related solutions and the automotive industry.
OLEDs offer several unique advantages to the automotive market, and it's also a market with defined premium cars that can be used for early adoption of high cost technology. In the past few years, we've seen several car makers (including Audi, Mercedes and BMW) that started to adopt OLED lighting in car taillights. Initial adoption was for optional modules, but today several car models come with OLED lighting as standard. OLED lighting can be used for several applications within the automotive market.
UBI Research estimates that shipments of small-sizes (under 10-inch) AMOLED displays reached 746 million in 2021, up 34.4% from 2020 (555 million units). UBI says the market was driven by increased Apple iPhone sales and increased adoption of foldable OLED panels.
In terms of revenues, the market increased by 43.9% from $26.5 billion in 2020 to $38.1 billion in 2021.
