DSCC sees strong growth of over 35% in OLED production in 2021

DSCC says that 2021 will see strong growth in OLED production. Flexible OLED production glass input is expected to grow by 36% in 2021, while rigid OLED input will grow even stronger at 42%.

OLED and LCD production input (2020-2022Q3, DSCC)

The utilization rates at OLED production lines are still relatively low, especially at BOE's flexible OLED lines. As of the end of 2021, flexible OLED utilization rates are around 70%, rigid OLED utilization is at about 77% while OLED TV utilization is higher at around 85%. LG's utilization rates are lower than earlier in 2021, which DSCC says is intentional to support prices

DSCC sees the OLED market reaching $60 billion in 2026, fueled by increased laptop, monitor and tablet display shipments

DSCC released its later OLED market forecasts, which now includes 2026. DSCC sees the rate of OLED market growth decelerating, with revenues reaching just over $60 billion in 2026.

AMOLED panel revenues, 2021-2026 (DSCC)

Most of the growth in the next 5 yeas, according to DSCC, will come from new IT applications: OLED displays for monitors, laptops and tablets.

DSCC: strong demand for Samsung's latest foldable smartphones, sees a jump in production

DSCC says that demand for Samsung's Galaxy Z Fold3 and the Galaxy Z Flip 3 is very strong in Korea, with pre-orders in the first seven days reaching over 900,000 units. Demand in India is strong as well.

Samsung foldable smartphone production (2020-2021, DSCC)
DSCC sees Samsung's foldable OLED production volume up dramatically from July compared to last year. In fact the volume in July was higher than the combined volume of the production in January-July 2021. From August 2021, DSCC sees production of over 1 million foldablephones per month.

DSCC: over 600 million smartphone OLED displays will ship in 2021, over 750 million in 2022

DSCC says that OLED shipments in the second quarter of 2021 rose 36% over last year (but decreased 10% compared to Q1 2021). New smartphone launches by Samsung, Apple and Google will drive the growth at the second half of 2021.

Smartphone AMOLED shipments, 2018-2022F (DSCC)

Samsung Display is still the leading smartphone OLED producer, with a market share of 73.5% in Q2 2021. BOE was at second place with a 6.7% share.

DSCC: the AMOLED material market to grow to $1.4 billion in 2021, $2.18 billion in 2025

DSCC updated its AMOLED material market forecast, saying that the market will reach $1.4 billion in 2021 (up 32% from 2020), and grow at a 16% CAGR from 2019 ($927 million) to 2025, to reach $2.18 billion by 2025.

AMOLED material revenues  forecast (2019-2025, DSCC)

DSCC takes a look into the material cost for LG Display's WOLED TV panels. LGD will likely manage to implement incremental improvements in material utilization and price, which will enable the company to almost halve the material cost of its TV panels- from $88.14 per sqm in 2019 to $47.19 per sqm by 2025.

DSCC increases its OLED market forecasts as it sees increased adoption in phones, tablets, monitors and laptops

DSCC has published its latest OLED market forecast. The company raised its 2021 revenue expectations by 9% (to $42.5 billion) as it sees increased smartphone display shipments and higher OLED laptop shipments.

AMOLED revenue forecast (2021-2025, DSCC)

DSCC also increased its long term OLED revenue forecast by 11% to $60.6 billion by 2025. This is driven, again, by higher smartphone AMOLED shipments and increased adoption in IT markets (tablets, laptops and monitors).

DSCC: Smartphone OLED shipments to rise sharply in 2021

DSCC says that smartphone OLED shipments have increased around 50% in Q1 2021 compared to last year, and the growth will continue - around 30% in Q2 2021 and over 40% in Q3.

Smartphone OLED shipments by producer (2019Q3 - 2021Q3F, DSCC)

The market share of flexible AMOLEDs out of all OLEDs (rigid + flexible) continues to rise, and in Q1 2021 77% of all smartphone OLED displays were flexible ones. Samsung is still the largest producer by far, holding a 75% market share in Q1 2021. LG Display holds a 8% share and BOE 6%.

DSCC lowers its foldable OLED shipment forecast to 75.6 million units in 2025

Last year DSCC estimated that the foldable OLED market will grow to 94 million panels by 2025. DSCC now updated its forecasts, and lowered its estimates to 75.6 million units in 2025.

Foldable OLED shipments forecast (2020-2025 ,DSCC)

DSCC sees Apple starting to adopt foldable OLEDs in 2023, which will boost the total market and will lead to other companies adopting foldable displays. DSCC expects foldable and rollable panels to grow at an 87.5% CAGR from 2020 to 2025. Smartphones will dominate with a market share of over 92% during the entire forecast period.

DSCC details Samsung's upcoming foldable OLED phones

DSCC posted an interesting blog post in which the company shares its information on Samsung's upcoming foldable smartphones.

Samsung Galaxy Z Flip photoSamsung Galaxy Z Flip

First up is the Galaxy Z Flip 3 (which is a bit strange as there's no Galaxy Z Flip 2). This new phone will feature an Ultra Thin Glass cover - which for the first time will not be exclusively produced by SCHOTT. This time Corning will supply some of the UTG for Samsung. According to DSCC, Corning’s UTG will be processed by Korean supplier eCONY. This is interesting - a while back it was reported that Samsung Electronics halted its UTG project with Corning.