DSCC says that OLED panel unit shipments will reach 1.06 billion by 2023. The growth will peak in 2020 (with a 27% unit growth and 25% revenue growth from 2019). Overall revenues for OLED panels will grow from $26.5 billion in 2018 to $46.2 billion in 2023.
DSCC says that it lowered its OLED TV forecast for 2020-2023, as LGD is delaying both its Guangzhou 8.5-Gen fab ramp up and its P10 10.5-Gen line by one year. New LCD technologies, including dual-cell LCD and miniLEDs will also hurt the growth of the OLED TV market. DSCC further reports that LG Electronics will not be able to reach its 2 million OLED TV goal in 2019 - and have asked LGD to supply it with only 2.5 million OLED TV panels in 2020 (the original plan was to supply 3.5 million panels to LGE).