AMOLED panel production capacity to surge 320% over the next 5 years, says IHS Markit

October 24, 2017 //By Julien Happich
As organic light-emitting diode (OLED) displays are used in more smartphones and high-end flat panel TVs, panel makers have boosted their investments in new OLED display fab construction.

As a result, the global production capacity of AMOLED panels, including both red-green-blue (RGB) OLED and white OLED (WOLED), is forecast to surge 320 percent from 11.9 million square meters in 2017 to 50.1 million square meters in 2022, according to market research firm IHS Markit.

The production capacity of RGB OLED panels will increase from 8.9 million square meters in 2017 to 31.9 million square meters in 2022 while that of WOLED panels is set to grow from 3.0 million square meters in 2017 to 18.2 million square meters in 2022, according to IHS Markit's latest Display Supply Demand & Equipment Tracker.

While Samsung is focusing on RGB OLED panels for mobile devices, LG focuses on WOLED displays for TVs. To cope with the trend of RGB OLED replacing the liquid crystal display (LCD) in smartphones and other mobile devices, especially for the full-screen and flexible feature of OLED panels, LG Display has started to manufacture RGB OLED panels in 2017. Meanwhile, Chinese panel makers, including BOE, ChinaStar, Tianma, Visionox, EverDisplay, Truly and Royole, are all expanding the production capacity of RGB OLED panels, targeting the mobile market.