Market research firm Omdia says that according to its latest forecast, the OLED market will grow at a CAGR of 11% from 2022 to 2030, by total display production area.

The main OLED application is smartphone displays, and Omdia says that in 2022 the penetration of OLED displays into that market reached 42%. The market share of OLED smartphones will rise steadily in the future. The OLED TV market is experiencing a slowdown, but Omdia says it will resume growth in 2024.

According to market research firm Omdia, the OLED automotive displays market is set to grow to $2.17 billion in 2027, up from $481.75 in 2023 (that's a 4.5X growth in sales). In terms of shipments, the market will reach 9 million units in 2027, up from 1.48 million in 2023 (a 7X growth). 

Omdia is actually more optimistic about the automotive market than it was last year, as the industry is growing faster than expected. There is a rapid uptake of AMOLED displays in premium cars, as the displays offer a better image quality, lower power consumption and lower weight compared to LCDs, which is all very important for electric cars. 

Three display makers in China (BOE, Tianma and Visionox) reported their preliminary financial results for the first half of 2023. It seems as if all companies are facing a sluggish economy and lower demand for displays - but the OLED business is actually seeing increased demand.

We'll start with BOE, that expects an operating profit of around 700-800 million Yuan ($97-110 million USD) in the first half of 2023, a decrease of around 90% from last year. BOE says that it is starting to see demand increasing as the year progresses.

DSCC expects the AMOLED stack material market to grow 4% in 2023, to $1.4 billion, and to reach $2.18 billion in 2027, that's a 12% CAGR from 2023 to 2027. In 2022, the market declined by 10%. The forecast does not include any UDC revenues from blue PHOLED materials, which means that if UDC succeeds in commercializing its blue material, revenues could be higher by hundreds of millions of dollars.

DSCC says that demand for OLED TVs will continue to decline in 2023. In 2022, revenues of OLED TV revenues declined by 17%, and in 2023 revenues will decline 3% further. Growth will resume, though, in 2024, and in 2023-2027 the market will grow at a CAGR of 13%.

UBI Research estimates that the foldable OLED market will reach 22 million units in 2023, and will grow to 61 million units by 2027, a CAGR of 29%.

UBI also published a forecast on cover material market for foldable OLEDs - this market will also expand, and will grow to $840 million n 2027. UBI says that the market share of ultra-thin glass will grow, as Samsung will only produce foldable OLEDs with UTG in the future, and other makers including BOE, CSoT and Visionox are developing UTG panels. 

We are happy to announce a new edition of our MicroLED Transfer Process Market Report, with all the latest information, new technologies and processes, and more. MicroLEDs are advancing quickly and the transfer process remains one of the key challenges.

Reading this report, you'll learn all about:

• All known microLED transfer processes
• The current industry and market status
• Advantages and disadvantages of transfer technologies
• Future technologies and roadmaps

The report package also provides:

• An introduction to microLED production processes
• Over 25 presentations, brochures and technical papers
• MicroLED chip-level market estimates and forecasts
• Free updates for a year

This microLED display transfer process report provides a comprehensive look into current and future LED transfer technologies processes used for the production of microLED displays. The report covers everything you need to know about the current status of the industry.

DSCC says that OLED panel revenues will decline 7% in 2023 (to $38.9 billion), the second consecutive year that the OLED market is seeing a decline in sales. The largest declines will be in the OLED TVs and laptops segments.

The OLED smartphone market will actually grow 4% in unit sales, but revenues will decline 5%. The OLED TV market will decline 29% in 2023 in both revenues and units. OLED laptop unit sales will decline by 15%. All other segments, including AR/VR, automotive and tablets, will grow in sales and revenues in 2023. 

Today we published a new edition of our OLED and MicroLED Microdisplays Market Report, with all the latest information. The new edition offers more that a dozen new updates, new companies, new brochures and catalogs, and more. Global multinational companies are working hard to develop and deploy next-generation AR and VR devices, and these devices will all be based on OLED and microLED microdisplay engines.

Reading this report, you'll learn all about:

• The advantages of OLED and MicroLED microdisplays
• The microdisplays that are available on the market today
• Information on all companies involved in this market
• Future technologies and roadmaps

The report package also provides:

• A list of all OLED microdisplays on the market
• A list of all OLED and MicroLED microdisplays makers
• Microdisplays spreadsheet
• Over 25 datasheets, presentations
• Free updates for a year

This microdisplays market report provides a great introduction to OLED and MicroLED microdisplays, and covers everything you need to know about the current status of the market and industry. This is a great guide if you're considering to adopt OLED microdisplays in your product, if you're looking to learn more about next-generation micro-LEDs and if you want to understand this industry better.