Flexible displays to drive OLED stellar growth, reports DSCC

December 22, 2017 // By Julien Happich
Display Supply Chain Consultants (DSCC) has released the first issue of its Quarterly OLED Shipment and Fab Utilization Report, covering all OLED suppliers and all applications for a full insight on this striving market.

The report provides shipments, prices and revenues by panel supplier by application by customer by size by resolution for Q1’16 – Q3’17 with projections through Q4’18. The report also forecasts the market on an annual basis from 2016 to 2022.

DSCC notes that quarterly OLED revenues exceeded $5B for the first time in Q3’17 and are expected to rise 88% Q/Q and 153% Y/Y in Q4’17 to $10.0B.


OLED Revenue Forecast by Application: 2016 – 2022. Source: DSCC’s Quarterly OLED Shipment and Fab Utilization Report

Flexible smartphone OLEDs are driving the revenue growth on pent-up demand for the iPhone X. The flexible displays rose 37% in revenue, Q/Q in Q3’17 and are expected to grow 140% Q/Q in Q4’17.

The flexible OLED unit share of the OLED smartphone market rose from 29% in Q2’17 to 33% in Q3’17 and is expected to reach 49% in Q4’17 with the revenue share rising from 56% in Q2’17 to 66% in Q3’17 and a projected 80% share in Q4’17 on significantly higher prices.

The report establishes Samsung at the top OLED panel supplier in Q3’17 with a 91% share, which is expected to rise to 93% in Q4’17 on higher flexible OLED output. Samsung was also the #1 customer of OLED panels in Q3’17 with a 42% share. However, in Q4’17, strong iPhone X as well as Touch Bar and Smart Watch shipments will enable Apple to overtake Samsung with a 57% to 26% advantage.

 

OLED revenues spiking in 2017

For 2017, OLED revenues are expected to rise 64% to $24.3B but after the spike in demand in Q4’17, DSCC expects OLED revenues to decline 11% in Q1’18 and 10% in Q2’18 on seasonal weakness and high flexible OLED smartphone prices limiting demand in China.


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