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OLED display market sales to hit $25.5 bn in 2018

06 Sep 2018

IDTechEx Research report also says OLED display tech sales will more than double to $58 bn by 2025.

In 2018 the OLED industry will be worth $25.5 billion, rising to $30.7 billion in 2019. These are the eye-catching key points of a new market report and forecast by analyst firm IDTechEx Research.

Additionally, the report, the price of which starts from £3245 / $4200, concludes that the OLED market will grow to $58 billion in 2025, with the total area of OLED-based displays being 27.6 million sq meters that year.

OLEDs used in mobile devices dominate the OLED industry, comprising of 88% of expected market revenue in 2018. These are predominately supplied by Korean giant Samsung but IDTechEx notes that “recent capacity additions come from BOE Display, CSOT, EDO, Tianman and Visionox”, which are all based in China.

The second largest market sector is OLED TVs, supplied by LG, which account for 8% of the total market by revenue in 2018, but 27% of the market by display area.

The third largest OLED application in 2018 is wearables, which is 2% of total market value and 0.4% by area in 2018. Of the wearables sector, IDTechEx commented, “The thinness, flexibility and appearance of the display are desirable in these applications versus LCDs.”

The report also assesses the progress of emerging competitive technologies. For example, the impact of the International Telecommunication Union’s Rec.2020 digital standard for next generation UHD displays are better satisfied by quantum dot (QD) displays.

Quantum surge expected

Emissive quantum dot (QD) displays are still in development and IDTechEx Research expects the first QD emissive displays to come to market in 2026, at which point the OLED industry will be more depreciated.

In the race to innovate to differentiate, comments the analyst, there is rapid progress from glass-based OLED displays to plastic-based and flexible displays and ultimately foldable displays. In 2017, 25.6% of manufactured OLED displays were plastic based. That figure rises to 35.3% in 2020 with the first foldable displays coming to market then in volume.

Printed OLED displays are still in development the background, with JOLED having launched the world’s first commercial printed OLED display in late 2017 and others – particularly Chinese panel makers – aggressively pursuing research in this area.

IDTechEx Research has assessed the display industry since 2001. It comments, "This report gives a detailed, impartial and realistic appraisal of the OLED markets and technologies, leveraging the full expertise of our analysts and the direct interviews with companies in the value chain."

This latest market report, put together by Raghu Das, Dr Khasha Ghaffarzadeh and Dr Xiaoxi He, entitled “Global OLED Display Forecasts and Technologies 2019-2029: The Rise of Flexible and Foldable Displays Technology”, also presents an assessment of Quantum Dot Displays, E-Paper Displays and other types of flexible displays.

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