Market updates - Page 22

Market research firm Omdia experts OLED for laptop shipments to grow rapidly - from 150,000 units in 2019 to 1.48 million units in 2021 and 2.57 million in 2022. The new Windows 11 which was just announced by Microsoft is expected to accelerate adoption of OLED panels in laptop devices.

Omdia estimates that the entire global OLED market will grow to 258.4 million units in 2021 - a 51% increase over 2019. The pandemic has increased demand for IT devices.

Today we published new versions of our market reports - that cover the transparent, PMOLED, microdisplays 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 July 2021.

The OLED and MicroLED Microdisplays Market Report:

• The advantages of OLED and MicroLED microdisplays
• Information on all companies involved in this market
• What kind of displays are available on the market today
• Future technologies and roadmaps

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!

Omdia says that according to its estimates, LG Display will produce 8.3 million OLED TVs in 2021, a 86% increase from 2020 (4.5 million units). The company increased its estimates slightly (previously Omdia said that in 2021 LGD will produce 8.1 million panels).

LG Display's own target for 2021 is 8 million units. Demand for premium TVs is on the increase, and LG Display increased its production capacity, mostly at its Guangzhou line. LG Display's production of 48-inch and 42-inch panels may also decrease its average panel size which may increase total unit shipments.

DSCC says that smartphone OLED shipments have increased around 50% in Q1 2021 compared to last year, and the growth will continue - around 30% in Q2 2021 and over 40% in Q3.

The market share of flexible AMOLEDs out of all OLEDs (rigid + flexible) continues to rise, and in Q1 2021 77% of all smartphone OLED displays were flexible ones. Samsung is still the largest producer by far, holding a 75% market share in Q1 2021. LG Display holds a 8% share and BOE 6%.

Market research company Omdia says that flexible OLED shipments in Q2 2021 reach 57 million units,a 54.1% increase over Q2 2020 (but a 35% drop compared to Q1 2021, due to seasonality and lower orders by Apple). Rigid OLED shipments will reach 53 million units in Q2 2021.

The leading flexible OLED maker is Samsung Display, which will ship 39.1 million flexible OLED panels in Q2 2021 (a 61.6% increase over Q1 2020). LG Display will ship 10.6 million units of flexible OLEDs, an increase of 55.9% over last year. The third largest producer, BOE, will ship 7.9 million units, a 31.9% drop from last year, as orders Huawei are shrinking.

Last year DSCC estimated that the foldable OLED market will grow to 94 million panels by 2025. DSCC now updated its forecasts, and lowered its estimates to 75.6 million units in 2025.

DSCC sees Apple starting to adopt foldable OLEDs in 2023, which will boost the total market and will lead to other companies adopting foldable displays. DSCC expects foldable and rollable panels to grow at an 87.5% CAGR from 2020 to 2025. Smartphones will dominate with a market share of over 92% during the entire forecast period.

DSCC posted an interesting blog post in which the company shares its information on Samsung's upcoming foldable smartphones.

Samsung Galaxy Z Flip

First up is the Galaxy Z Flip 3 (which is a bit strange as there's no Galaxy Z Flip 2). This new phone will feature an Ultra Thin Glass cover - which for the first time will not be exclusively produced by SCHOTT. This time Corning will supply some of the UTG for Samsung. According to DSCC, Corning’s UTG will be processed by Korean supplier eCONY. This is interesting - a while back it was reported that Samsung Electronics halted its UTG project with Corning.

UBI Research says that the market for medium to large OLED displays (10-inch and up, used in IT and TV applications) has risen 156% in Q1 2021 compared the Q1 2020. Total sales reached $1.45 billion in the quarter.

Most of the growth comes from TV and laptop displays. LG Display produced 1.6 million OLED TV panels in the quarter, while sales for laptops reached 1.1 million panels. TV panels accounted for the majority of sales (as average panel price is much higher) - 81.6% of the market.

Omdia estimates that over 22,000 units of large-area (at least 80-inch) OLED TVs will ship in 2021, up from 900 units in 2020. OLED TVs ranging from 70- to 79-inch will also hit a record sales volume of 325,700 units, up 70% from 2020 (which saw a 245% increase in 70- to 79-inch OLED sales).

According to Omdia, in 2020 sales of 60- to 69-inch OLED TVs exceeded that of 50- to 59-inch ones for the first time, and in 2021 Omdia expects this trend to continue and even expand.

DSCC has lowered its OLED equipment spending estimate and forecast. DSCC is saying this is due to low OLED utilization rates in China's lower-tiered producers, delays in OLED TV production plans in China as companies are focusing on LCDs due to increase demand - and also new technologies such as mini-LEDs.

DSCC sees OLED equipment spending falling in 2021, 2022 and 2023, and surging back in 2025. Total 2020-2025 OLED equipment spending on an install basis is expected to to be $49 billion.