We are excited to pre-announce a new OLED-Info product, a comprehensive information resource for the OLED Industry which will combine multiple existing OLED-Info products into one with various exciting additions. 

The new product will be launched in early 2024 to form a must-have information platform for companies in the display industry, and will include five different parts:

• An information guide to OLED technologies, processes, the industry and the market
• Market status and industry roadmaps
• OLED technology, market and industry analysis and insights - written by Ron Mertens based on years of experience in the display industry 
• Structured data (spreadsheets) on OLED production lines, devices with OLED displays, OLED producers, supply chain companies (with contact details) and more
• In-depth articles by multiple industry experts illuminating various processes, materials, devices, analysis, insights and more
• Brochures, presentations, catalogs and other content items contributed by industry players (display makers, supply chain companies, analysts and more)

  
The new product is progressing well, and it's now time to reach out to the industry, inviting OLED supply chain companies and OLED developers to provide their own brochures, presentations, catalogs and any other content items - including an email address for potential customers and partners. We believe this will be a good opportunity to expose your technology to the OLED industry at large and to help us educate and inform OLED and display professionals. Contact us for more details.

Samsung Electronics reported its financial results for Q3 2023, with revenues of $50 billion, down 12% from last year, and an operating profit of $1.78 billion - down 78% than last year, but an increase over the previous two quarters. Samsung says that there are still macroeconomic uncertainties, but it sees a recovery in the memory  market in 2024.

Samsung Display reports strong performance in the mobile panel business, as there's good demand for premium OLED smartphone panels panels, and it expects this to be maintained in the near future. The company also hope to expand its large-area QD-OLED panel sales, led by seasonal demand.

China-based AMOLED producer Everdisplay (EDO) reported its financial results for Q3  2023. Net loss increased to 1.1 billion Yuan ($150 million USD), and total loss in 2023 so far was 2.39 billion Yuan (around $325 million USD). 

The company says that the increased loss and drop in revenues were due to the global economic recession and weak demand in the consumer electronics market. The industry is facing a fierce price competition with radical price drops by AMOLED makers causing revenues and losses to decline.

Omdia says that the large-area FPD TV market (OLED and LCD) suffered from low demand in early 2023, but improved in Q3 2023. LCD TV prices increased, and companies were profitable again. However Omdia estimates that demand will soften again, and the market will suffer from over supply in Q4 2023 and the first half of 2024.

Omdia says that a supply/demand ratio of 10% represents a balanced market. This won't be achieved in the near future. Since the pandemic supply shortages, there's currently enough factory capacity to meet demand, and then some. The growth in demand enabled display makers to increase fab utilization from around 60% in early 2023 to around 85% in July 2023. However, fab utilization is expected to decline to around 75% in Q4 2023.

BOE hosted an event to mark the launch of its new X1 AMOLED screen, together with OnePlus, who will adopt the new display in its upcoming OnePlus 12 smartphone. BOE also announced, during the event, that it has produced over 100 million AMOLED displays already in 2023.

The OnePlus 12 will features a 2K (3168x1440) display that will offer a peak brightness of 2600 nits. The smartphone will also sport the company's own Oppo P1 display chip that features high-precision pixel calibration algorithms that ensure high brightness, high image quality - reduced power consumption (by 13%, according to OnePlus). The display is based on BOE's new-generation of LTPO backplane, that the company says offer stable high and low frequency switching and increase image performance, while reducing power consumption compared to its previous LTPO platform.

DSCC shared their estimation about display fab utilization (LCD and OLEDs), with some interesting comments. The slowdown in the industry, according to DSCC, is effecting all display makers, but the slowdown in demand for OLEDs is more severe and persistent. The industry is starting to recover, but this is a bumpy ride as the total capacity still far outstrips demand, and DSCC sees a slowdown in Q4 2023.

DSCC says that the slowdown for large-screen displays bottomed out towards the end of 2022, the slowdown in mobile devices only hit bottom in early 2023. There is still a weak demand for rigid OLEDs, mostly because of the lower demand for smartphones - but also because China-based flexible OLED makers are lowering prices to make them more competitive with glass-based OLEDs.

TrendForce says that 508,000 OLED monitors will ship in 2023, up 323% from 2022. The market will continue to grow at a fast pace, to over a million shipments in 2024.

In 2024, TrendForce sees LG and Samsung both launching new OLED panels for the monitor market, which will help to expand the market. TrendForce further says that at the end of 2023, Samsung Electronics and LGE both hold a market share of almost 30%, Dell holds a market share of around 20% and Asus of nearly 10%.

UBI Research estimates that 7.9 million AMOLED displays for IT applications (tablets, notebooks and monitors) will ship in 2023, growing to 31 million by 2027 (a CAGR of 41%). Apple's adoption of OLED screens starting in 2024 will fuel much of the demand.

OLED makers, led by Samsung, LG, BOE and Visionox are all expected to start producing IT OLED panels in existing 6-Gen production lines, and companies are also planning to construct new dedicated 8.5-Gen lines for IT applications.

DSCC says that OLED smartphone shipments will total 585 million units in 2023, a 0.3% decline from 2023 in terms of shipments. Revenues will total $29 billion, a 11% decline from 2023. The soft demand for smartphones is due to a slow Chinese market, high inventories in the first half of 2023 and the global macroeconomic environment.

For flexible OLEDs, DSCC expects a 14% growth in 2023 (shipments) and a 9% decline in revenues - as average sale price has dropped 20%. The industry saw aggressive price cuts by Chinese phone makers - to the point where a flexible OLED made in China is cheaper than a rigid OLED made in Korea (by SDC). The market share of flexible OLED smartphones will reach 75% in 2023 out of the total OLED smartphone market.

TrendForce says that the demand for automotive displays is stabilizing, and the company expects modest growth ahead. By 2026, the global automotive display market will surpass 240 million units. 

TrendForce further sees an increased adoption of automotive OLED displays, and the market share of OLED panels will reach 8.9% by 2026. Demand for standard OLED displays is on the rise, and OLED makers are developing next-generation high-end automotive displays, including rollable, transparent and ultra-large panels.