LGD: OLED TV shipments more than doubles in the first half of 2018

LG Display announced that it sold over 1.3 million OLED TV panels in the first half of 2018 - more than double the number of OLED TV panels sold in the first half of 2017 (0.6 million). LG Display says it aims to improve it production efficiency and sell more 1.6 million OLED TV panels in the second half of 2018.

LG 65OLEDC8 photo

LG Display started producing OLED TVs in 2013 - when it sold 200,000 units. In 2017 it sold 1.7 million panels. LGD aims to finally turn its OLED TV business into profitability in 2018.

DSCC: OLED area shipments on the rise, driven by OLED TVs

DSCC says that OLED area shipments grew 30% in the first half of 2018, mostly driven by strong growth in OLED TV shipments (a 98% increase from last year in term of area shipments). Smartphone OLED shipments stagnated in the first half, but growth will resume in the second half of the year - area shipments will grow 47% compared to H2 2017.

OLED shipment area by application (2016-2018, DSCC)

DSCC estimates that OLED TV panel revenues in the first half of 2018 grew 80% compared to the first half of 2017. Modern price declines were offset by a rise in unit shipments.

IHS sees flexible AMOLEDs taking over rigid ones in 2020

According to IHS, flexible AMOLED shipments reached 157.6 million units in 2018 - about 38.9% of the total AMOLED market (rigid + flexible). Flexible OLEDs will grow at a much faster rate than rigid OLEDs, and shipments will exceed those of rigid OLEDs by 2020 (335.7 million units). In 2022 over 400 million flexible AMOLED panels will be produced, compared to around 340 million rigid AMOLEDs.

Flexible AMOLED shipment forecast (2015-2022, IHS)

IHS sees demand for flexible OLEDs by smartphone brands that want to diffrentite their products using curved displays and full-screen ones. Foldable displays are also expected to be a key technology for mobile devices in the foreseeable future.

UBI: 430 million smartphone AMOLEDs will ship in 2018, 900 million in 2022

UBI Research estimates that demand for OLED smartphone displays is now on a gradual increase, and by the end of the year it will return to the levels of the end of 2017, fueled by new Apple OLED phones and SDC's intention to decrease its rigid OLED prices to better compete with LCD displays.

AMOLED shipments by application (2018-2022, UBI Research)

Looking further ahead, UBI sees the OLED smartphone market growing from 430 million unit in 2018 to 900 million units in 2022. Foldable OLED shipments will grow from 1 million units in 2019 to 18 million units in 2022 - that's much lower than UBI's forecasts published only two months ago - when it estimated 28 million foldable OLED panel shipments in 2022.

Apple ships 3.5 million smartwatches in Q2 2018, holds a 34% market share

Canalys estimates that 10 million smartwatches were shipped in Q2 2018 (the 2nd largest quarter ever after Q4 2017 with 12.5 million). Apple is still the largest smartwatch producer - even though its market share fell to 34% in the second quarter. In 2017 Apple's market share in this market was around 60%.

Smartwatch market share - Apple and others (2017-2018H2, Canalys)

As LG Display is the exclusive supplier of Apple's smartwatch OLED displays, IHS says that LGD is the world's leading AMOLED supplier for smartwatches and wearables. In 2017 LGD shipped 10.64 million such AMOLED displays (a market share of 41.4%). In total 25.7 million smartwatch AMOLEDs were shipped in 2017.

CINNO Research details the mobile AMOLED market share by producers

Market analysts from CINNO Research estimate that Samsung Display produced 160.9 million AMOLED displays in H1 2018, which sets SDC's market share in the mobile AMOLED market at 93%. The two other large producers are LG Display and Visionox, both producing 3.5 million panels (2% market share).

AMOLED market share by produces (H1 2018, CINNO)

Both Everdisplay (EDO) and BOE produced 1.7 million panels in the first half of 2018 - or about 1% of the market each. AU Optronics and Tianma produced 0.7 million panels (0.4% market share) and Truly closes the list with a market share of 0.2% (400,000 panels).

DSCC sees a recovery in OLED area production in H2 2018

DSCC says that while it is too early indeed to talk about an OLED recovery from an equipment supplier point of view, the smartphone OLED market is set for substantial growth in the second half of 2018.

Smartphone AMOLED area shipments (2017-2018, DSCC)

Samsung is seeing improved OLED fab utilization, and the company still has some unused capacity at its A4 fab. As the gap between rigid OLED and LCD has fallen to around $5, OLED adoption is rising. In addition, smartphone makers are increasingly using flexible OLEDs in high end devices.

n-Tech sees the Micro-LED market growing from $2.7 billion in 2019 to over $70 billion in 2027

n-tech Research released a new Micro-LED market report in which they estimate that the market will grow from $2.7 billion in 2019 to over $70 billion in 2027. The markets for Micro-LED displays, according to n-Tech, will include wearables, near-eye displays, HUDs, projection displays and extra large area displays.

MicroLED display market forecast (2018-2027, n-Tech)

All of these applications will benefit from the small size, low weight, high brightness and high resolution of Micro-LED displays. Extra large-area displays will benefit from the linear scalability of Micro-LED displays.

Yole: LCoS, DLP and MicroLED displays to dominate the AR market, OLEDs will not grab a large market share

Yole Developpement sees the AR market finally emerging in 2022 or 2023 - as there are still several challenges to solve before AR systems that are good enough for mass adoption.

AR display forecasts (2018-2027, Yole Developpement)

Yole sees OLED microdisplays (OLED on Silicon) as the best current technology, but by 2022 it is likely that MicroLED displays will prove better than OLEDs - and so OLED shipments to the AR market will always be quite limited in volume.

OLED-Info's transparent, flexible, VR/AR, microdisplays, automotive and graphene OLED market reports updated to July 2018

Today we published new versions of our market reports - that cover the flexible, transparent, VR/AR, microdisplays, automotive and graphene OLED markets. OLED-Info provides comprehensive niche OLED market reports, and our reports cover everything you need to know about the niche market, and can be useful if you want to understand how the OLED industry works and what this technology can provide for your own industry. The reports are now updated to July 2018.

The OLED for VR/AR Market Report:

  • Why OLEDs are adopted in almost all VR HMDs
  • What kind of displays are required for VR and AR applications
  • What the future holds for the VR and AR markets
  • Current and future VR and AR systems

The report package provides a great introduction to the emerging VR and AR market, and details the role that OLED displays will have. Read more here!