Display Week 2023, the industry's premier event, is now over, and it was a great week. We had dozens of meetings and saw many next-generation display technologies. As we go over all materials, we will upload new stories to detail the displays on show.
In the meantime, here are our key takeaways from this show:
LG Display has been negotiating a WOLED TV panel supply agreement with Samsung Electronics for a long time, and last year the company were close to an agreement, but discussions were halted in July 2022, and Samsung continued to launch its QD-OLED TV range. Last month it was reported that the two Korean companies are in talks again, and now Reuters says that LG and Samsung finally officially signed the supply agreement.
According to Reuters, LGD will start supplying panels to Samsung as early as this quarter (i.e. by the end of June 2023). Samsung agreed to order 2 million WOLED TV panels from LG in 2024, and this will grow to 3 million in 2025 and 5 million in 2026. The first panels will be 77-inch and 83-inch in size, but LG is likely to also supply smaller panels to Samsung.
Today we published a new edition of our Graphene for Displays and Lighting Market Report, with all the latest information. Graphene has high potential to improve OLED and MicroLED displays and can be used to enhance displays backplanes, electrodes, emitters and more. In addition graphene can increase efficiency in OLED lighting devices and improve designs.
This market report provides a great introduction to graphene solutions for the display and lighting markets, and covers everything you need to know about graphene technologies in these niches. This is a great guide for anyone involved with the displays and lighting.
Today we published a new edition of our Transparent OLED and MicroLED Market Report, with all the latest updates from this exciting market and industry.
This transparent displays market report provides a great introduction to transparent OLED and MicroLED technologies and covers everything you need to know about the market and industry now and in the future. This is a great guide for anyone who's thinking about adopting transparent displays in their products or that wants to understand this industry and market throughout.
We're happy to announce an update to our Perovskite for the Display Industry Market Report. This market report, brought to you by the world's leading perovskite and OLED industry experts, is a comprehensive guide to next-generation perovskite-based solutions for the display industry that enable efficient, low cost and high-quality display devices. The report is now updated to May 2023, covering the latest updates from the industry and academia.
The report also provides a list of perovskite display companies, datasheets and brochures of pQD film solutions, an introduction to perovskite materials and processes, an introduction to emerging display technologies and more
Samsung Display and LG Display are both gearing up to build 8-Gen AMOLED production lines, aiming to supply Apple (and others) with OLEDs for IT devices - laptops and tablets, mostly. Last month Samsung announced that it will convert an existing LCD line in Asan to OLED production, with an estimated cost of $3.1 billion.
According to a new report from Korea, the slowdown in Apple's laptop sales is a cause of worry for the OLED producers, who have delayed the plans to build the new fabs, and delayed equipment orders. The main problem for the OLED makers is that the slowdown in Apple's sales may drive Apple to want to low the price of the laptop displays, which would put a stress on the profitability of new OLED fabs.
DSCC says that BOE's market share in the flexible (and foldable) smartphone OLED market has risen to 27% in Q1 2023. BOE flexible and foldable OLED panel sales grew 81% in Q1 2023 compared to last year, as the company enjoys growing sales to Apple, Huawei, Oppo, Realme, Vivo and ZTE. BOE is mostly taking market share from Samsung and LG, while Tianma's market share is also on the rise.
DSCC estimates that flagship smartphone shipments grew 17% in the first quarter, with flexible OLED smartphone shipments growing 18% and foldable ones growing 4%.
Today we published a new edition of our PMOLED Market Report, with all the latest information. The new edition includes the latest changes from Pioneer (now called SOAR), Futaba, Wisechip and more.
This PMOLED market report provides a detailed introduction to PMOLED technologies and covers everything you need to know PMOLED displays, now and in the future. This is a great guide for anyone who's thinking about adopting PMOLED displays in their products or wants to offer products and services to the OLED industry.
Omdia released its latest IT OLED display forecasts, with some interesting projections.
The company sees very nice growth ahead for OLED displays in the IT market, with shipments rising from around 9.7 million units in 2022 to over 70 million units in 2028. Most of the growth will co`me from adoption in laptops, but tablet adoption will also increase sharply.
Most analysts seem to agree that global demand for OLED displays is set to slow down in 2023. DSCC says that revenues will decrease 7% in 2023, led by a drop in demand for OLED smartphone and TV displays. Omdia also agrees, saying that OLED fab utilization remains low.
China-based Sigmaintaell, meanwhile, is optimistic on China's own OLED industry, expecting production to jump 40% in 2023. Sigmaintell says that Chinese phone makers are increasing their adoption of OLED displays in high-end and mid-range models. The company's analysts expect over 220 million Chinese OLED panels to ship in 2023, and China's OLED market share to rise to 38%, up from 28% in 2021.
