DSCC has released its latest OLED market forecast, and the company forecasts a 8% CAGR revenue growth, with the market reaching $64 billion in revenue in 2026. The growth will be fueled by high demand for laptop, monitor and tablet displays. The smartphone and OLED TV market will also continue to grow.
DSCC sees a 31% CAGR shipment growth for laptop displays, to reach around $2.4 billion in 2026, and a 95% CAGR unit growth for monitor OLED displays, which will reach $1.3 billion in 2026 (up from $200 million in 2022). This is fast growth for monitor OLED displays, but slower than DSCC previously estimated, due to competition for miniLEDs, rigid OLED capacity that will be used for laptops and tablets and lower demand to mirroring display monitors.
Tablet OLED displays will see a 49% CAGR shipments growth until 2026. Apple is expected to introduce its first OLED iPad in 2024, which will increase demand for tablet displays by 126% in 2024.
Looking at the smartphone market, rigid OLEDs will see a decline in shipments, as flexible OLEDs adoption increases and the rigid OLED capacity will be dedicated to IT panels. In 2023, 70% of all smartphone OLEDs will be flexible ones, 16% will be rigid, 13% foldable and 1% will be rollable.
Finally, looking at the TV market, DSCC sees 15.1 million OLED panels shipping in 2026 (both WOLED and QD-OLED) which will generate $6.4 billion in revenues.