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UBI Research forecasts rapid growth in the flexible OLED market, from $700 million in 2014 to almost $15 billion in 2018
Market report company UBI Research says that the flexible OLED market is set to grow quickly - in fact shipments in 2018 will reach 200 million panels, up over 2600% from 2014 (7.5 million panels).
In terms of revenue, the market will grow from $714 million in 2014 to almost $15 billion by 2018. UBI is much more optimistic than IHS which forecasts that the flexible OLED market will reach only $100 million in 2014. Both companies agree though that growth will be fast, and IHS sees the market reaching $4 billion in 2018 and $12 billion by 2020.
This will mostly depend on LGD's and Samsung's capacity increases. I think IHS assumes that the companies will stay with the same production rates throughout 2013 and 2014, while UBI sees new production lines starting production early in 2014.