UBI Research says that according to its latest study, the OLED emitter market is set to grow from around $1.82 billion in 2022 to $2.75 billion in 2027, with an annual growth rate (CAGR) of 8.6%.

In 2027, UBI expects Samsung's emitter material orders to amount to $680 million - fueled by growth in foldable OLED panels. BOE's emitter material orders will reach $380 million, and LG Display's - $230 million.

According to UBI Research, Samsung Display has decided to produce QD-OLED panels at its upcoming 8.7-Gen A5 production line. The company IT display strategy will be to produce QD-OLED panels for monitor application (27-inch displays, at first) and tandem RGB panels for smaller IT displays (tablets, laptops).

A 34-inch QD-OLED monitor (Dell Alienware)

Samsung is looking for design wins with Apple for both its display architectures - the larger QD-OLED panels for Apple's monitors and the smaller sized panels for its tablets.

UBI Research estimates hat shipments of OLED panels for IT applications (tablets, monitors and laptops) will reach 48.8 million units by 2027, growing from around 9.5 million units in 2022 (a CAGR of 39%).

In 2022-2024, the main application for OLED panels is in laptops, but this will change from 2025 and onwards as tablets will also become a dominant applications (as Apple will start adoping OLEDs in its high-end iPads).

UBI Research estimates that sale revenues of medium and large OLED displays (UBI defines these from 10-inch and up) rose 22.9% in Q2 2022 compared to the previous quarter and 11.2% compared to last year - to reach $1.67 billion.

In term of sales, UBI estimates that total shipments in 2022 will reach 26.3 million units. Most of the growth in 2022 will come from laptop displays - where shipments almost doubled in the second quarter to 2.18 million units.

UBI Research estimates that in 2022, a total of 724.8 million small-area OLED panels will ship. By 2027, the market will grow to 937.8 million units.

In Q2 2022, UBI says small-area OLED revenue were $7.87 billion, a 16% decrease from the first quarter, and a 9.7% increase compared to last year. In terms of shipments, 130 million units were shipped in Q2, down from 150 million. UBI expects that rigid OLED market revenues will continue to shrink as OLED makers in China are reducing the price of their OLED panels.

UBI Research says that OLED emitting material sales amounted to $412 million in the second quarter of 2022, up 7.8% from last year. Sales decreased about 2.1% from Q1 2022.

UBI says that the sales of OLED panels were seasonably low in the second quarter (compared to Q1), but this was somewhat offset due to favorable exchange rates, and supply of new materials with higher prices.

UBI Research says that the OLED emitter material market reached $421 million in Q1 2022, down 21.1% from the previous quarter, but up 9% compared to Q1 2021. UBI estimates that the OLED emitter material market will reach $1.77 billion in 2022, and will grow to $2.4 billion by 2026.

UBI says that sale of materials for TV and mobile devices decreased (compared to Q4 2021) while sales of materials for the production of IT (laptops, tablets and monitors) displays were up $6.6 million.

2022 OLED KOREA CONFERENCE will be held at Shilla Stay in Busan from April 6-8. From smartphones business, Samsung Display is expanding into IT OLED business to products such as notebooks and tablet PCs. Samsung Display Vice President, Yongsuk Choi will kick off the conference with the theme, OLED Innovation for Post-Pandemic Era in his keynote.

Hyeon Woo Lee, Senior Vice President of LG Display will deliver the keynote on the ever-evolving large OLED for TVs and OLED.EX. Commonly know for growth in smartphone-oriented mobile products, the OLED market achieved impressive growth in the TV and IT markets in 2021. Choong Hoon Yi of UBI Research will give an overview of OLED performance in 2021 and market forecasts by application products. He will discuss investment prospects and business direction of panel makers and detail China’s rapidly growing OLED investment and business analysis.

UBI Research estimates that shipments of small-sizes (under 10-inch) AMOLED displays reached 746 million in 2021, up 34.4% from 2020 (555 million units). UBI says the market was driven by increased Apple iPhone sales and increased adoption of foldable OLED panels.

In terms of revenues, the market increased by 43.9% from $26.5 billion in 2020 to $38.1 billion in 2021.

UBI Research estimates that Samsung Display will increase its foldable OLED panel production from ~8 million units in 2021 to 18 million panels in 2022. This will enable Samsung Electronics to increase its foldable phone shipments from around 7 million in 2021 to over 14 million in 2022.

As SDC's foldable panel capacity increases, the company will also have to increase is foldable OLED module production capacity, and the UTG glass processing capacity at Dowoo insys. subsidiary.