DSCC says that in Q2 2022, OLED panel revenues increased 12% compared to Q2 2021, while shipment units declined 3%. Fewer OLEDs were shipped, but revenues increased as we've seen an increased growth in high value panels (gaming, monitors, laptops, automotive, etc) and also an improved form factor adoption in smartphones.

In Q2 2022, smartphones remained the largest OLED application with a 76% unit and revenue share. OLED smartwatches had a 16% unit share (and a 6% revenue share), and OLED TVs had a 11% revenue share (up from 8% in Q1 2022).

Today we published a new edition of our Automotive OLED Market Report, with all the latest information. The new edition includes news from LGD, BOE, EDO, Samsung, BMW and others.

Reading this report, you'll learn all about:

• OLED advantages and challenges
• PMOLED and AMOLED displays adopted in cars today
• Why OLED lighting is exciting for car makers
• All about flexible and transparent OLEDs

The report package also provides:

• A directory of all OLED automotive display makers
• OLED lighting roadmaps
• Personal contact details into leading OLED produces
• Car concepts with OLED technologies
• Free updates for a year

This OLED Automotive market report provides a great introduction to OLED display and lighting solutions for the automotive industry. This is a great guide for anyone involved with the automotive market - car makers, suppliers and aftermarket solutions.

Last week Seoul hosted the K-Display 2022 exhibition, Korea's largest display industry event, and both Samsung and LG demonstrated their latest display innovations.

In the video above, you can see LG's 97" OLED.EX CSO panel and its 55" transparent OLED panels. Samsung was showing its latest foldable OLED panels (that can be folded twice) and its QD-OLED panels.

LG Display's VP Kang Won-Seok says that the company is working on several new panels and technologies, which it plans to announce soon.

First up is a 20-inch OLED, for applications in personal devices. This panel will be demonstrated before the end of the year. It is not clear whether LGD will adopt its WOLED technology or its RGB technology for such panels.

OLED microdisplay maker eMagin reported its financial results for Q2 2022, with revenues of $7.2 million (up 14% from Q2 2021). The company's net loss was $1.4 million. At the end of the quarter, eMagin had $4.3 million in cash and equivalents. The company's backlog is $14.3 million.

eMagin says that it achieved increased sales of displays in both the defense sector (mainly the ENVG-B program) and also to the veterinary and surgical markets.

LG Display demonstrated a new 97" OLED.EX panel, that features the company's Cinematic Sound OLED (CSO, which was once Crystal Sound OLED) technology which turns the whole panel into a high-end speaker.

LG launched its OLED.EX technology in December 2021. These WOLED panels combine new deuterium compounds and personalized algorithms to improve the image quality and increase brightness by up to 30%. EX is an acronym of Evolution and eXperience.

Samsung announced two new foldable phones, and new wearable devices. First up is the Galaxy Z Fold4 which sports a 7.6" foldable 120Hz 1200 nits 1812x2176 Dynamic AMOLED and a 6.2" 120Hz 904x2316 AMOLED 2X cover display.

The Galaxy Z Flip4, the company's clamshell device,features a 6.7-inch 120Hz 1200nits 1080x2640 foldable Dynamic AMOLED 2X display and a small secondary 1.9" 260x512 Super AMOLED display. Both phones will ship on August 25, starting at $2,000 for the Fold4 and $1200 for the Flip4.

JOLED (Japan OLED) was established in August 2014 by Japan Display, Sony and Panasonic with an aim to become an OLED medium display producer. Following years of R&D and initial production, the company initiated mass production of its OLEDIO panels in 2021 at its new 5.5-Gen production line in Nomi, Ishikawa Prefecture, Japan.

JOLED's panels appeared on the market, but only for high-end applications such as LG's professional monitor range. According to a new report from Korea, the company did not manage to find a new investor and is now on the verge of bankruptcy.

Esteemed US-based A/V retailer Value Electronics conducted its latest annual TV shootout, with very interesting results. It is not a big surprise, but OLED TV won the first places in both the 4K and 8K shootout.

In the 4K category, VE tested five TVs, out of which 3 were OLED TVs: The LG G2 OLED TV, Samsung S95B QD-OLED, Samsung QN95B (QD miniLED), Sony A95K QD-OLED and Sony's X95K mini-LED. The winner of this year's shootout was Sony's A95K QD-OLED.

Universal Display reported its latest financial results, for Q2 2022, with revenues of $136.6 million, an operating profit of $53.3 million and a net income of $41.5 million. These results were less than expected by analysts. The company ended the quarter with $834 million in cash and equivalents.

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).