DSCC: the OLED market returns to growth, revenues in 2024 will increase 4% over 2023
DSCC says that the OLED market grew around 50% (revenues) in the second half of 2023, compared to the first half of 2023. DSCC expects the OLED market to continue growing in 2024, with revenues to increase 4% over 2023 (with a 11% growth in unit shipments).
The growth in 2024 will mainly be driven by higher demand for AMOLED smartphone panels, TVs and IT applications. In the whole of 2023, DSCC estimates that the market contracted by 4%, and it is now returning to growth.
Will Samsung decide to abandon its QD-OLED technology?
In 2019 Samsung Display announced its decision to invest $10.85 billion in QD-OLED TV R&D and production lines. A few years later, SDC started to produce panels in its first fab, mass producing TV and monitor QD-OLEDs. The company attracted several customers (Sony and Samsung Electronics for TV panels, and several companies for its monitors), and these displays have been very well received by the market.
Since 2022, Samsung has increased its production yields, and increased its production capacity, and today it produces around 40,000 substrates a month in its 8.5-Gen production line. Reviews of QD-OLED gaming monitors and TVs are very positive, with many analysts seeing QD-OLED as improving over LGD's WOLED panels in terms of image quality.
But the reality at Samsung Display's QD-OLED division, is likely not so rosy. It seems that the technology is facing both market challenges and technology challenges - which may lead to a decision by Samsung to abandon it altogether.
New OLED gadget: Motorola Edge 50 Pro / Edge 50 Fusion / Edge 50 Ultra
Motorola's Edge 50 Pro offers a 6.7" 144Hz 2,000 nits 1220x2712 AMOLED display (produced by LG Display), a Snapdragon 7 Gen 3 chipset, up to 12GB of RAM, up to 256GB of storage and a triple camera setup.
The Edge 50 fusion has two models (one for international markets, and one for Latin America specifically), and offers a 6.7" 144Hz (120Hz in LATAM) 1600 nits 1080x2400 AMOLED display (produced by LGD), a Snapdragon 7s Gen 2 chipset (Snapdragon 6 Gen 1 in LATAM) and up to 12GB of RAM and 512 GB of storage.
Samsung Display increases focus on small and medium AMOLED production
A report from Korea suggests that SDC has transferred around 500 of its engineers from its large-area OLED development division, or about 30% of them, to its divisions that focus on small and medium-sized AMOLED development.
Samsung tri-folding AMOLED prototype
According to the report, the main reason for SDC's change of priorities is due to the need to remain competitive with Chinese-based OLED makers that are offering OLED panels at low costs. Samsung estimates that it is ahead of its Chinese competitors by only a year or a year and half, and it is just a matter of time until Chinese companies catch up with South Korea makers (SDC and LGD).
New OLED gadget: Tecno Pova 6
UBI: OLED tablet shipments to grow 7X in 2024, and continue to more than double by 2028
According to UBI Research, the OLED tablet panel market is set to grow quickly, more than doubling between 2024 (12 million units expected) to 2028 (28.4 million). That's a CAGR of 24.1%.
UBI says that the market in 2023 was only 1.8 million panels - so growth in 2024 will be dramatic (almost 7X), mostly thanks to Apple's adoption of OLEDs in some of its iPad modules (expected to be announced next month). Samsung will produce 11" panels for Apple, while LGD will produce larger 12.9" panels.
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