Display Supply Chain Consultants (DSCC) updated its AMOLED market forecast, and the company now expects revenues to grow from $26 billion in 2018 to $50 billion in 2022.
DSCC sees fast growth for the OLED market, driven by flexible and foldable displays - and the flexible OLED market will grow at a 32% CAGR from 2018 to 2022. Only a few months ago, though, DSCC estimated that revenues in 2022 will reach $57.2 billion by 2022.
By 2022, OLEDs will overtake LCDs in the smartphone market, thanks to the strong growth of flexible and foldable OLEDs. By 2022, OLED TV (and Samsung's QD-OLED TV) shipments will reach 13.1 million units.
A few days ago we posted that DSCC also updated its OLED equipment market forecast, as DSCC now expects OLED spending to recover only in 2022.