Market updates - Page 30

DSCC says that OLED area shipments will grow in 2020 to around 10.5 million square meters, up from 8 million square meters in 2019 - a growth of around 31%. In terms of revenues, the OLED market will grow 35% in 2020 to reach $37.6 billion. DSCC says that in 2020, 731 million OLEDs will be produced (up 27% from 2019).

Smartphone revenues will reach $30.7 billion in 2019 (up 35% from 2019) while TV revenues will grow 28% to $3.2 billion. Smartwatch revenues will increase 11% in 2020 to $2 billlion. The revenues for all other OLED applications are expected to increase by 69% in 2020 to $1.6 billion, mainly driven by laptop OLED displays.

DSCC says that OLED panel revenues in Q4 2019 reached $8.1 billion, down 2% from Q3 2019 and pretty much the same as in Q4 2018. In terms of units, DSCC says that in Q4 2019 124 million smartphone panels were shipped, 31 million wearable panels and 998,000 TV panels.

Smartphone revenues in Q4 2019 were down 2% from Q4 2018 (due to lower average sales price for both rigid and flexible panels, the number of panels actually increased 4%), and revenues for TVs were up 30% (to $752 million). Smartwatches remain the 3rd largest market for OLED panels, and experienced strong growth in 2019, but it seems as if the growth may have plateaued (in Q4 the revenues were down 7% from last year).

Towards the end of 2019 LG Display started to supply Apple with 6.1" film-touch OLED flexible displays for its 2020 iPhone, and IHS Markit now says that these shipments propelled LGD's OLED smartphone market share to 10.8% in Q4 2019 (up from only 2.1% in Q3 2019).

In fact LGD now says that mobile OLED revenues make up for 36% of its total revenues in Q4 - which is higher than its OLED TV revenues for the first time ever.

IHS Markit estimates that 1.1 million OLED TVs shipped in Q4 2019. This is the first time over 1 million OLED TVs were shipped in a quarter. Total OLED TV sales in 2019 reached 3 million units - a 1.3% of the total TV market.

LG Electronics is still the leader in the OLED TV market, with a market share of 53.9% (598,000 units). LG's market share is dropping as more and more companies join the OLED camp. China has become the world's largest OLED TV market (33% by units) - surpassing Korea (32.1%) for the first time in 2019.

LG Display originally planned to start producing OLED TV panels at its 8.5-Gen OLED fab in Guangzhou in October 2019, but LGD faced technical issues and production was delayed to Q1 2020. Last month LGD said it finally fixed its technical issues and production will start by the end of January 2020 - but here we are at the middle of February and production hasn't started yet.

LGD's original plan was to ship over 6 million OLED TV panels in 2020 - which include the smaller 48" OLED TV panels launched at CES 2020. It seems certain now that LGD will not be able to meet its goals. IHS also reduced its 2020 OLED TV production forecast from 5 million units to 4.5 million.

IHS says that smartwatch display shipments continue to rise, and reached 57 million units in Q3 2019. IHS expects total shipments in 2019 will reach 195 million units - up 31% from 2018 (149 million units).

IHS also revealed the breakdown by display maker. The leading producer by far is BOE Display, followed by LG Display (who produced all of Apple's OLED wearable displays in Q3 2019, but this is now changing) and then Truly.

OLED-Info and Perovskite-Info are happy to announce the 2020 edition of The Perovskite Handbook. This book is a comprehensive guide to perovskite materials, applications and industry, and it is now updated to January 2020 and lists recent developments and new companies, initiatives and research activities.

Perovskites are an exciting class of materials that feature a myriad of exciting properties. Perovskites are now entering the display market, with applications in quantum dots, LEDs, lasers and more.

Reading this book, you'll learn all about:

• Different perovskite materials, their properties and structure
• How perovskites can be made, tuned and used
• What kinds of applications perovskites are suitable for
• Perovskites Quantum Dots
• Perovskite solar cells, their merits and challenges
• Perovskites-based LEDs
• The state of the perovskite market, potential and future
   

OLED-Info and MicroLED-Info are proud to present The MicroLED Handbook. This book is a comprehensive guide to MicroLED display technology, industry and market. MicroLED displays are thin, efficient, bright and flexible and are on track to revolutionize the display industry.

Reading this book, you'll learn all about:

• MicroLED technology, materials and production processes
• How MicroLEDs compare to LCDs and OLEDs
• What are the challenges towards commercial production
• LED technology and manufacturing processes
• MicroLED driving and full-color architectures
• The MicroLED displays currently on the market

LG Display says that it aims to ship over 6 million OLED TV panels in 2020 - that's double what it shipped in 2019. The company also says that it expects its Guangzhou fab starts mass producing panels in Q1 2020, earlier than previous estimated.

Previous estimates, by LG and others, were for around 5.5 million panels in 2020, even before the Guangzhou fab delays. It's possible that LG aims to ship more panels - but some of these will be smaller in size (the new 48-inch panels the company is starting to produce).

Today we published new versions of our market reports - that cover the flexible, VR/AR, microdisplays, automotive, PMOLED and graphene 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 January 2020.

The Flexible and Foldable OLED Market Report:

• Why flexible displays and lighting panels are so exciting
• What kind of flexible displays are currently on the market
• All about the foldable OLED market and industry
• What the future holds for flexible OLEDs
• How to acquire flexible OLEDs for your products

The report package provides a good introduction to the flexible and foldable OLED market - present and future. It details both flexible displays and lighting technologies. Read more here!