UBI Research says that 110 million AMOLED panels were produced and shipped in Q1 2019, a slight decrease of 0.4% from Q1 2018.
The top AMOLED producer is still of course Samsung Display, which produced 82 million units (75% market share). SDC's revenues were $5.09 billion, down from $5.86 billion in Q1 2018.
UBI Research estimates that the OLED material market will grow to $1.17 billion in 2019, and to $1.87 billion in 2021. The market is expected to reach $2 billion in revenues in 2023.
Interestingly, UBI says that in 2029 70% of the materials will be consumed by Korean companies (LGD and SDC) - and Korea's market share will grow to 75.6% in 2023. This will be driven be soaring consumption of materials for TV production (OLED TV materials will take up 49.7% of the total market in 2023 up from only 21.1% in 2019).
UBI Research estimates that the OLED market will reach $32.2 billion in revenues, up from 13.8% from 2018. UBI says the the growth will come from new applications - including foldable smartphone displays, 8K OLED TVs and rollable OLED TVs. Increased yields by Chinese AMOLED makers will also contribute to the growth.
AMOLED revenues in Q4 2018 reached $7.9 billion (down 3.7% from Q3 2018 and 10.4% from Q4 2017). In the whole of 2018, revenues reached $28.3 billion, up 7.1% from 2017 ($26.4 billion). UBI sees the oversupply in the flexible OLED market to continue as high prices prevent adoption in mid-end smartphones.
OLED Korea is an international OLED-focused event, organized by UBI Research, and the OLED-Info team will attend next year's event, which will take place in Seoul, Korea in March 6-7, 2019.
UBI announced the final speaker list for the event, and it seems as if OLED Korea 2019 has a great lineup. We'll be happy to schedule meetings - so if you plan to attend OLED Korea 2019, do contact us!
UBI Research estimates that demand for OLED smartphone displays is now on a gradual increase, and by the end of the year it will return to the levels of the end of 2017, fueled by new Apple OLED phones and SDC's intention to decrease its rigid OLED prices to better compete with LCD displays.
Looking further ahead, UBI sees the OLED smartphone market growing from 430 million unit in 2018 to 900 million units in 2022. Foldable OLED shipments will grow from 1 million units in 2019 to 18 million units in 2022 - that's much lower than UBI's forecasts published only two months ago - when it estimated 28 million foldable OLED panel shipments in 2022.
UBI Research says that Samsung Display's OLED shipments dropped 26% in Q1 2018 (compared to Q4 2017) to reach 88 million units (that's 4.7% lower than Q1 2017), generating $5.37 billion in revenues (down 32.4% from last quarter and 30.4% from last year). Revenues and shipments are expected to recover, though, in Q2 2018.
UBI says that Samsung Display will hold a market share of 93.4% of the total OLED market in 2018.
UBI Research says that foldable OLED display production will begin in 2019, and will quickly grow to over 28 million units shipped in 2022. The growth will be fast - but in total UBI sees the market remaining relatively small even at 2022, with most OLEDs on the marketing to remain flexible but not foldable.
UBI says that if OLED makers will be able to launch and commercialize foldable OLEDs, it could seriously disrupt the tablet PC market. The company expects the first foldable phone to use dual 5.2" displays (7.2" display when open) on the inside, with an additional small "bar-type" display when closed.
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.
UBI Research estimates that AMOLED shipments reached 440 million units in 2017 (up 13.6% from 2016), with revenues reaching $27.1 billion (up 62.3% from 2016). Only yesterday did DSCC release its own estimates of $23.2 billion in revenues for the AMOLED market in 2017.
The AMOLED market is expected to grow at a CAGR of 17.5% to reach almost a billion units in 2022. Revenues will grow faster at 22% and reach $80.5 billion in 2022.
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).
