IHS Markit sees inkjet printed OLEDs to rise 12-fold from 2020 to 2024

June 27, 2019 //By Julien Happich
printed OLED
Inkjet-printed (IJP) organic light emitting diode (OLED) display technology is set to enter mass production next year, with capacity set to rise as much as 12-fold from 2020 through 2024, according to market research firm IHS Markit.

Following a high-end forecast scenario, IHS Markit expects global capacity for inkjet printed OLED displays to increase to 1.3 million substrates in 2024, up from 105,000 in 2020. Measured in terms of area, this capacity would amount to 7.3 million square meters in 2024, up from 209,000 in 2020.

According to the recent report “Inkjet Printing for AMOLED Technology and Market Report 2019” The starting gun for the IJP OLED market will sound next year, when Japan-based JOLED Inc. becomes the first suppler to make the switch from trial manufacturing to full mass production. Chinese manufacturers will quickly follow suit, investing in volume manufacturing lines in 2020 and 2021, while other panel manufacturers will join the IJP OLED party in 2021 and beyond.

“In recent years, IJP has attracted the attention of panel makers due to its strong potential to reduce the cost of OLED production,” explains Chase Li, senior analyst at IHS Markit. “Despite years of competition with LCDs in the market for high-end displays of all sizes, OLED market penetration remains limited because of its expensive production costs.

However, IJP has the potential to dramatically reduce manufacturing expenses, making OLEDs more cost-competitive with LCDs in products including televisions and displays for computers and tablets.”

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