Market research company DSCC has updated their OLED models, as the company sees more capital spending then before and a larger OLED market going forward.

OLED market revenue forecast (2016-2022, DSCC)

The OLED market in general will grow 57% in 2017, according to DSCC, to reach $23.2 billion. Growth will continue to be strong with a 50% increase in 2018 (to $34.9 billion) and a CAGR of 27% from 2016 to 2022. In 2022 the market will surpass $60 billion.

Specifically for the OLED TV market, DSCC sees LG increasing its capacity and shifting its product mix to meet demand. OLED TV panel shipments will grow at a CAGR of 49% between 2016 to 2022 to reach 9.5 million units (and $5.9 billion in sales).

The main market for OLED displays will remain smartphone displays - in 2022 this market segment alone will generate $54 billion in revenues - with a market share of at least 85%. OLED technology will overtake LCD in 2020 and by 2027 all smartphones will adopt OLED displays - apparently DSCC does not believe in any next-gen display technology that may replace OLED or at least compete with OLEDs in the future...

OLED equipment spending by producer (2016-2022, DSCC)

DSCC sees a small oversupply situation situation developing, where there will be about 11% surplus capacity in 2018 and 16% in 2019. But apparently this won't stop OLED makers from increasing capacity all through 2022. In the chart above, DSCC shows its forecast for OLED equipment spending share by producer.

Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs