DSCC says that OLED panel unit shipments will reach 1.06 billion by 2023. The growth will peak in 2020 (with a 27% unit growth and 25% revenue growth from 2019). Overall revenues for OLED panels will grow from $26.5 billion in 2018 to $46.2 billion in 2023.
DSCC says that it lowered its OLED TV forecast for 2020-2023, as LGD is delaying both its Guangzhou 8.5-Gen fab ramp up and its P10 10.5-Gen line by one year. New LCD technologies, including dual-cell LCD and miniLEDs will also hurt the growth of the OLED TV market. DSCC further reports that LG Electronics will not be able to reach its 2 million OLED TV goal in 2019 - and have asked LGD to supply it with only 2.5 million OLED TV panels in 2020 (the original plan was to supply 3.5 million panels to LGE).
Regarding the mobile OLED market, DSCC sees 487 million smartphone OLEDs produced in 2019 (up 12% from 2018). OLED panel shipments for Apple's Watch will reach 25.5 million in 2019, up from 23.5 million in 2018. The total OLED smartwatch market will reach 73.1 million units in 2019 - a 45% increase from 2018, generating $1.6 billion in revenues (a 27% increase from 2018).
Is Dual-cell LCD really going to be a consumer product? I've heard only 5% of the LED light comes through the various filters and if true surely the EPA/EU efficiency rules will not allow screens to be sold.