Market updates - Page 45

We're happy to announce a new market report: the PMOLED Market Report. This report, brought to you by the world's leading OLED experts, is a comprehensive guide to passive matrix OLED displays (PMOLEDs). The PMOLED market is projected to grow rapidly, fueled by demand from wearables and by flexible and transparent displays, but is overlooked by most analysts focused on the (much larger) AMOLED market.

Reading this report, you'll learn all about:

• Applications of PMOLED displays
• Next generation PMOLED technologies
• Flexible and transparent PMOLEDs
• AMOLED vs PMOLED

The report also includes:

• Information on all PMOLED producers
• Current and future PMOLED fabs
• Automotive PMOLEDs
• Display catalogs and datasheets
• Free updates for a year

Financial analysts from CLSA released an interesting short report about OLED demand in China. According to IDC, OLED smartphone shipments in China was down 6% in Q4 2017 (compared to Q4 2016) to 36 million units - in line with total Chinese smartphone weakness (-8% in the same period). Total OLED smartphone shipments in 2017 reached 128 million, up 8% compared to 2016. OLED penetration was up only 1% (to 15%) in 2017.

CLSA sees lower demand in 2018 and 2019 compared to early estimates - 175 million in 2018 and 225 million in 2019. That's 11% (2018) and 20% (2019) lower than CLSA's earlier estimates. CLSA is less optimistic than before regarding the ramp-up at Tianma, Truly and CSoT.

Market research company Sigmaintell estimates that China-based display makers shipped 9.8 million OLED displays in 2017, mostly for smartphone applications. Everdisplay was the largest producer in terms of units, shipping 3.8 million displays (enjoying large orders from Huawei and Hisense), while Visionox was the top vendor in terms of display area shipped (30,000 square meters, out of a total 78,000 sqm produced in China in 2017).

Looking into 2018, Sigmaintell sees a large increase in production volume in 2018. Visionox landed orders from ZTE and Xiaomi and is expanding its production capacity, and BOE is also expected to increase shipments from its flexible 6-Gen AMOLED fab that will enter full capacity in Q2 2018. Finally, Tianma is also expected to increase production having won orders from Asustek Computer.

UBI Research estimates that the global AMOLED production capacity will grow at a CAGR of 48% from 2018 to 2020. Overall production size will grow from 13 million square meters in 2017 to 40 million square meters in 2020.

Small and medium-sized displays will continue to lead the AMOLED market, with 32 million square meters in 2020 (compared to 8.4 million in 2020). Samsung Display will continue to dominate but its market share will drop to around 45% in 2020 (down from around 90% in 2017).

Display Analysts from DSCC says that 2017 was a record year for the display equipment market, with revenues reaching a record $24.7 billion (up 30% from 2016). OLED spending reached a record $15.5 billion - a 143% increase over 2016. Samsung's share of the OLED equipment market was 48%, followed by BOE with $24% (following a 229% growth from 2016).

OLED equipment revenues represents 63% of the entire display equipment market, surpassing LCD - which saw revenues dropping 27% from 2016. In 2018 DSCC sees the equipment market falling 9%, although booking will increase as growth will resume in 2019. The main reason behind the decline in 2018 is due to Samsung which will reduce its equipment orders by 64% in 2018. 2018 is expected to be the first year where China leads in OLED spending with a 64% to 36% advantage over Korea.

Digitimes Research estimates that Chinese OLED makers currently hold a 7.5% market share in the global small and medium AMOLED market, but Chinese makers will see very fast growth (76% CAGR) and will reach a market share of 33.4% in 2022.

China already has several AMOLED producers - including EverDisplay, BOE, TianMa and Visionox. Digitimes Research estimates that BOE will emergy as China's leading AMOLED producer, and by 2021 its capacity will be larger than LG Display's capacity and BOE will be the world's second largest AMOLED maker.

Today we published new versions of our market reports - that cover the flexible, VR/AR, microdisplays, automotive 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 2018.

The OLED for VR/AR Market Report:

• Why OLEDs are adopted in almost all VR HMDs
• What kind of displays are required for VR and AR applications
• What the future holds for the VR and AR markets
• Current and future VR and AR systems

The report package provides a great introduction to the emerging VR and AR market, and details the role that OLED displays will have. Read more here!

According to IHS, global OLED TV shipments grew 130% from November 2016 to November 2017 to reach a new monthly record of 270,000 units. The falling prices of 55" 4K OLEDs bring them within budget of a greater number of holiday shoppers, says IHS.

IHS estimates that in 2017 over 1.4 million OLED TVs were shipped. LG Electronics is the clear market leader with a 92% market share. The growth of 65" OLED TVs (157% year-over-yera) is greater than the growth of 55" OLEDs (123%).

CLSA estimates that in 2017 Samsung Display produced 450 million OLED displays, and this will grow 26% in 2018 to reach 570 million units. Samsung's current capacity for flexible OLEDs is about 330-385.

Looking at the OLED TV market, CLSA expects it to continue its fast growth. Global OLED TV shipments will grow to 2.7 million units in 2018 (up from 1.6 million in 2017). LG Display is said to shift its focus to larger panel production (65-inch and 77-inch) so this may effect the number of panels produced.

Display analyst firm DSCC released a new market report on the OLED market, in which they have some very interesting estimates on the OLED market. OLED revenues reached over $5 billion for the first time in Q3 2017, and DSCC sees a huge 88% jump in the final quarter of 2017 (to $10 billion) as Samsung starts to supply flexible OLEDs to Apple.

Flexible OLED revenues are the main driver of the growth in OLED smartphone shipments, with revenues rising 37% in Q3 2017 and are expected to grow 140% (Q/Q) in Q4 2017. Flexible OLED unit share out of the entire OLED smartphone market reached 33% in Q3 and will reach 49% in Q4. In terms of revenues, the market share will grow from 66% in Q3 to 80% in Q4.