DSCC says that the OLED circular polarizer market is set to grow from $428 million in 2017 to $1.27 billion in 2022. The market is still dominated by mobile displays.
The OLED circular polarizer market is led by two companies, Sumitomo Chemical and Nitto Denko, with LG Chem increasing its market share in OLED TVs polarizers.
DSCC lowered its OLED material revenue forecasts, saying that the market is expected to grow at a 25% CAGR from $773 million in 2017 to $2.35 billion in 2022 (down from its previous estimates of $2.56 billion in 2022). The fastest growing (51% CAGR) OLED application will be OLED lighting, which will grow from $12 million in 2017 to $95 million in 2022.
DSCC also published the material stack for Samsung's latest OLEDs (used in the Galaxy S9), which you can see above.
IHS estimates that AMOLED shipments (by area) reached 5 million square meters in 2017, and the market will grow to 22.4 million sqm by 2024.
Growth in 2017 was driven by a doubling of AMOLED TV panel area shipments (from 800,000 sqm in 2016 to 1.6 million in 2017). By 2024, IHS expects OLED TV shipments to reach 12.5 million units.
IHS Markit says that demand for Oxide-TFT backplanes has surged over 100% in 2017, led by both LCDs and AMOLED TVs. The demand is expected to continue its growth although at lower rates and will reach 6.8 million billion sqm in 2020 (up from 1.7 billion sqm in 2017).
OLED TV Oxide-TFT backplanes shipments (all from LG Display) grew 106% in 2017 while demand for LCD panels (mostly produced by Sharp) grew 98%, mostly led by Apple's adoption of Oxide-TFT LCDs in its iPads and notebooks.
IHS Markit announced that it is lowering its smartphone AMOLED market forecasts, following lower-than-expected iPhone X sales (mainly because of its high price). IHS says that OLED makers will need to lower production costs of both rigid and flexible AMOLED panels in order to compete with lower priced high-end LCDs.
IHS expected flexible OLED shipments to reach 167 million panels in 2018 - up 34% compared to 2017, but a much lower amount then the company's previous estimates. Total (rigid + flexible) OLED shipments in 2018 will grow 14% to 453 million.
DSCC says that OLED equipment spending will fall 30% in 2018. OLED spending will outpace LCD spending and OLED will hold a 60% share of all display equipment spending from 2019-2021, but OLED spending will not reach the high levels of 2017 in the foreseeable future.
According to DSCC, China is driving display (LCD + OLED) spending and will account for an 83% share of OLED equipment spending in 2018.
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The Nikkei Asian Review reports that LG Display aims to increase its OLED TV production capacity to 10 million units by 2021 - which is six times its capacity in 2017 (1.7 million). Next year LGD aims to produce around 2.8 million OLED TVs. LGD's investment in new OLED TV capacity will reach $18 billion by 2020.
LG Display is enjoying a surge in demand for OLED TVs, and OLED TVs sales account for around half of its high-end TV sales (TVs with a price tag of over $2,000). In 2018 OLED's share in LGD's premium TV panes will grow to 70%. LG Display is confident it could even sell 20 million OLED TV panels each year, if it could make them. LG is "betting all on OLED" and minimizes its LCD investments as much as possible.
IHS Markit says that OLED materials (emitters + stack materials) revenues reached $355 million in the second half of 2017, up 20% from the first half of the year. This followed a year and a half of stagnation in revenues (sale volume increased, but this was offset by price reductions).
IHS expects the OLED materials market to continue growing in the near future, and revenues in the 2020 will reach about $1.5 billion. The growth will be driven by further Apple OLED adoption and increased OLED TV production.
In 2016 it was reported that Mercedes signed an agreement with LG Display to supply its 12.3" FHD flexible P-OLED displays for a future E-Class automobile. A couple of months ago this was confirmed in a new report from Korea, that also said that Mercedes plans to launch cars with LGD's OLEDs in 2022.
A new report from Korea, now says that Mercedes-Benz is planning to adopt LGD's flexible OLED displays starting with some of the Mercedes E Class models it will release in H1 2020. Following that, Mercedes plans to use LGD's P-OLEDs in several cars - both in dashboards and in rear-seat monitors. The Mercedes will use LGD's OLEDs in the form of a wide screen, combining the dashboard and the central infotainment display.
