DSCC: the OLED market remained flat in Q1 2022 at $9.5 billion

DSCC says that global OLED revenues in Q1 2022 were around $9.5 billion, the same as in Q1 2021, even though unit shipments declined 4%.

OLED market revenue 2020Q1-2022Q1 (DSCC)

Smartphone remained the leading OLED application, with a 79% revenue share, even though shipments decreased 8% (and revenues decreased 3%). The second largest application by shipments is wearables (16% in Q1 2022 by shipments and in 6% market share by revenues).

DSCC Increases its OLED market forecast, see $65 billion in revenues in 2026

DSCC has updated its OLED market forecasts, as it sees faster growth than what it estimated earlier this year. DSCC says the market will grow at a 9% CAGR from 2021 to 2026, to reach $65 billion in revenues in 2026.

OLED panel revenues by applications (2021-2026, DSCC)

Most of the growth will be driven by demand to IT panels - monitor panels will grow at 70% CAGR (revenue), laptop panels at 52% CAGR and tablet panels at 52% CAGR. DSCC sees OLED TV shipments growing at 13% (units) and 6% (revenue), while smartphone panel shipments will grow at a CAGR of 11% in the period (with revenues growing at 6% CAGR).

DSCC: AMOLEDs and OLED microdisplays to re-enter the VR market in 2023-2024

In recent years we have seen AMOLED displays fall out of favor in the VR market, as most devices have opted for high-end LCDs, due to the better image definition, mostly. According to DSCC, this is set to change next year (in 2023).

VR-panel shipments by type (2021-2024, DSCC)

Sony has already adopted high density (>800PPI) AMOLED displays in the Playstation VR2, DSCC says that this trend will continue. DSCC also sees OLED microdisplays finally entering the VR market in 2023, with around 15 million such displays shipped in this market by 2024.

DSCC: the foldable OLED market will grow to 86 million units by 2026

DSCC estimates that just over 10 million foldable OLED displays shipped in 2022, and the market is set to grow to 86 million units by 2026 (54% CAGR).

Foldable OLED sales forecast (2020-2026, DSCC)

DSCC says that foldable smartphone revenues rose 342% in 2021, and have reached $5.8 billion. The most popular foldable smartphone was the Galaxy Z Flip 3 (51% market share in 2021), followed by the Galaxy Z Fold 3 (26% market share) and the Huawei Mate X2 (6% market share).

DSCC: there are 11 8.5-Gen IT OLED production lines under development

Demand for larger mobile OLED displays, for laptops, tablets and monitors is on the rise, and OLED makers (Led by Samsung Display) are planning to establish 8.5-Gen OLED production fabs dedicated for IT panels. The leading maker is

Samsung Display's AMOLED displays for tablets and laptops photo

DSCC posted a very interesting article with predictions on this new development in the industry, saying that there are currently 11 different 15K G8.5/G8.6 IT OLED lines under development.

DSCC sees a $63 billion OLED market in 2026, driven by high demand for laptop, monitor and tablet displays

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.

OLED market forecast, early 2022 (2021-2026, DSCC)

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.

DSCC lowers its 2022 smartphone AMOLED shipment estimates to 700 million units

DSCC have released their 2021 and 2022 smartphone OLED shipment estimates. In 2021, DSCC says that 644 million smartphone AMOLED displays were shipped, up 28% from 2020. Our of these 644 million panels, 42% were rigid, 55% were flexible and about 2% were foldable.

Smartphone AMOLED shipments by type (DSCC, 2020-2022)

DSCC says that it has downgraded its forecast for 2022, as both Honor and Huawei will no longer adopt rigid AMOLEDs in smartphones. Total shipments will reach almost 700 million panels, and all of the growth will come from flexible and foldable panels. In fact rigid smartphone OLED shipments are expected to decline in 2022.

DSCC: Apple's first VR headset will sport two OLED microdisplays and an additional AMOLED

Towards the end of 2021 we reported that Apple plans to launch its first AR headset in Q4 2022, powered by dual 4K OLED microdisplays, produced by Sony

Sony ECX339A OLED Microdisplay photo

According to Ross Young from DSSC, Apple first headset will actually be a VR headset, that uses a foveated display system. The headset will feature three displays - two 4K microLEDs (indeed produced by Sony) and one larger AMOLED display.

DSCC: foldable smartphone shipments grew 480% in Q3 2021

DSCC says that Q3 2021 was a record quarter for foldable smartphones - with shipments growing 215% from Q2 2021 and 480% from Q3 2020 to reach 2.6 million units. Samsung Electronics controls the market with a 93% share, followed by Huawei (6%).

Foldable smartphone shipments (2020 Q1 - 2021 Q4F, DSCC)

DSCC expects the growth to continue and shipments in Q4 will reach almost 4 million units. Looking at specific models, the Galaxy Z Flip 3 has a 60% share, followed by the Galaxy Z Fold 3 with a 23% share.

DSCC: miniLED IT panels are more expensive to produce than tandem OLED panels

DSCC posted an interesting article, comparing the production costs of OLED vs mini-LED panels for IT. DSCC estimates that for tablets and notebooks, a tandem structure will be used, and the panels will be based on rigid substrates.

Mini-LED vs OLED IT panel production cost comparison (2021-2025, DSCC)

In the chart above you see a production cost comparison, between 2021 and 2025, for 12.9" panels. DSCC looks at two OLED production options: a tandem OLED panel with an LTPO backplane produced in a 6-Gen fab, and a similar panel that uses an Oxide-TFT backplane and produced in a larger 8.5-Gen fab. As you can see, OLED panels are more cost effective, and will remain so throughout the forecast period.

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