DSCC expects the AMOLED stack material market to grow 4% in 2023, to $1.4 billion, and to reach $2.18 billion in 2027, that's a 12% CAGR from 2023 to 2027. In 2022, the market declined by 10%. The forecast does not include any UDC revenues from blue PHOLED materials, which means that if UDC succeeds in commercializing its blue material, revenues could be higher by hundreds of millions of dollars.
DSCC says that demand for OLED TVs will continue to decline in 2023. In 2022, revenues of OLED TV revenues declined by 17%, and in 2023 revenues will decline 3% further. Growth will resume, though, in 2024, and in 2023-2027 the market will grow at a CAGR of 13%.
DSCC details its views on LG's OLED EX technology, which boost brightness. The EX panels have an additional green emitting layer, and also uses deuterium in the host materials of the blue emitting layers (to extend the lifetime). These two changes add $40 per square meter in cost of materials compared to LG's standard panels, and this will decline in time, to reach $30 per sqm in 2027.
