UBI: OLED production capacity to double by 2023, Korean makers to retain their 80% market share by area

UBI Research estimates that OLED production capacity will increase from 34.9 million sqm to 68.5 million by 2023. LG Display and Samsung Display are expected to increase production of OLED TV and introduce new 10.5-Gen fabs better suited for 65" TV production.

OLED production capacity by country (2019-2023, UBI)

Mobile OLED production capacity will also grow, but at a slower rate - from 13 million sqm in 2019 to 19.3 million sqm in 2023, mainly driven by Chinese OLED producers that produce flexible smartphone OLED displays mainly for the Chinese domestic market. Korean OLED producers (SDC and LGD) will continue to dominate the market and will retain their ~80% market share in 2023.

UBI Research sees OLED material sales reaching $1.17 billion in 2019

UBI Research estimates that the OLED material market will grow to $1.17 billion in 2019, and to $1.87 billion in 2021. The market is expected to reach $2 billion in revenues in 2023.

OLED material sales forecast (2019-2023, UBI)

Interestingly, UBI says that in 2029 70% of the materials will be consumed by Korean companies (LGD and SDC) - and Korea's market share will grow to 75.6% in 2023. This will be driven be soaring consumption of materials for TV production (OLED TV materials will take up 49.7% of the total market in 2023 up from only 21.1% in 2019).

UBI: the AMOLED market will grow 13.8% in 2019 to reach $32.2 billion in revenues

UBI Research estimates that the OLED market will reach $32.2 billion in revenues, up from 13.8% from 2018. UBI says the the growth will come from new applications - including foldable smartphone displays, 8K OLED TVs and rollable OLED TVs. Increased yields by Chinese AMOLED makers will also contribute to the growth.

AMOLED revenue and growth 2016 Q1 to 2018 Q4 (UBI Research)
AMOLED revenues in Q4 2018 reached $7.9 billion (down 3.7% from Q3 2018 and 10.4% from Q4 2017). In the whole of 2018, revenues reached $28.3 billion, up 7.1% from 2017 ($26.4 billion). UBI sees the oversupply in the flexible OLED market to continue as high prices prevent adoption in mid-end smartphones.

Here's the speaker list for OLED Korea 2019

OLED Korea is an international OLED-focused event, organized by UBI Research, and the OLED-Info team will attend next year's event, which will take place in Seoul, Korea in March 6-7, 2019.

OLED Korea 2019 speaker list

UBI announced the final speaker list for the event, and it seems as if OLED Korea 2019 has a great lineup. We'll be happy to schedule meetings - so if you plan to attend OLED Korea 2019, do contact us!

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.

UBI Research: the OLED market will begin its recovery in Q2 2018

UBI Research says that Samsung Display's OLED shipments dropped 26% in Q1 2018 (compared to Q4 2017) to reach 88 million units (that's 4.7% lower than Q1 2017), generating $5.37 billion in revenues (down 32.4% from last quarter and 30.4% from last year). Revenues and shipments are expected to recover, though, in Q2 2018.

SDC OLED shipments and revenues Q1 2018 (UBI)

UBI says that Samsung Display will hold a market share of 93.4% of the total OLED market in 2018.

UBI: foldable OLED devices could disrupt the tablet market

UBI Research says that foldable OLED display production will begin in 2019, and will quickly grow to over 28 million units shipped in 2022. The growth will be fast - but in total UBI sees the market remaining relatively small even at 2022, with most OLEDs on the marketing to remain flexible but not foldable.

Foldable OLED shipments forecast (2018-2022, UBI)

UBI says that if OLED makers will be able to launch and commercialize foldable OLEDs, it could seriously disrupt the tablet PC market. The company expects the first foldable phone to use dual 5.2" displays (7.2" display when open) on the inside, with an additional small "bar-type" display when closed.

Reports from Korea suggest that LGD signed OLED supply deals with Mercedes, Volkswagen, Toyota and GM

In 2016 it was reported that Mercedes signed an agreement with LG Display to supply its 12.3" FHD flexible P-OLED displays for a future E-Class automobile. A couple of months ago this was confirmed in a new report from Korea, that also said that Mercedes plans to launch cars with LGD's OLEDs in 2022.

LGD 12.3'' P-OLED automotive concept

A new report from Korea, now says that Mercedes-Benz is planning to adopt LGD's flexible OLED displays starting with some of the Mercedes E Class models it will release in H1 2020. Following that, Mercedes plans to use LGD's P-OLEDs in several cars - both in dashboards and in rear-seat monitors. The Mercedes will use LGD's OLEDs in the form of a wide screen, combining the dashboard and the central infotainment display.

UBI: 440 million AMOLEDs were shipped in 2017, the market will reach almost a billion units by 2022

UBI Research estimates that AMOLED shipments reached 440 million units in 2017 (up 13.6% from 2016), with revenues reaching $27.1 billion (up 62.3% from 2016). Only yesterday did DSCC release its own estimates of $23.2 billion in revenues for the AMOLED market in 2017.

AMOLED market forecast (2018 - 2022, UBI Research)

The AMOLED market is expected to grow at a CAGR of 17.5% to reach almost a billion units in 2022. Revenues will grow faster at 22% and reach $80.5 billion in 2022.

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