DSCC recently released the latest tracking report for the OLED material market. It is expected that OLED material revenue will reach 905 million US dollars in 2017 and reach 2.25 billion US dollars by 2022, and will maintain a compound annual growth rate of 20% during the period. These figures do not include royalties.
According to DSCC, the growth rate of small and medium sized display materials is 22% (from 586 million dollars in 2017 to 1.56 billion dollars in 2022), and the growth rate is faster than the OLED deposition that will bring more efficient OLED deposition since 2020. Ink printing OLED TV material (compounding growth rate of 16%).
Japan's private investigation agency Yano Institute of Economic Research announced on the 24th that the adoption of OLED panels on Apple's iPhone X launched on November 3, 2017 boosted the global market size of OLED panels in 2017 (including For smartphones, TVs, and Smart Watches, etc., it grew 12.3% year-on-year to 477.80 million, and it is estimated that 2018 will be due to Apple's forecast that it will expand the use of OLED panels and Chinese manufacturers will follow up on Apple's adoption. The global OLED panel market will show rapid growth and is expected to increase by 34.1% to 653.55 million.
Yano pointed out that due to the demand for OLED panels, it has attracted panel makers such as Sharp, Japan Display Inc (JDI), BOE, CSOT, and Tianma Microelectronics to actively invest in equipment. It is expected that the above manufacturers will The official production of OLED panels began in 2019-2020. In addition to the demand from smart phones, the demand for OLED panels for TVs is also expected to increase. Therefore, the global OLED panel market size in 2022 is projected to increase to 153 billion. The level of 10,000 tablets will increase 2.6 times (264%) from 2016 (4.22 million).
Yano said that in terms of the OLED market for smart phones alone, the growth of the global smart phone market in 2017 was passivated, but with the iPhone X blessing, the OLED panel market grew by 10.8% to 441 million, among which the number of OLED panels for iPhone X was Estimated about 60 million pieces. Of the three new iPhones sold in 2018, 2 are expected to carry OLED panels, boosting the market for OLED panels for the iPhone in 2018 to reach a level of more than 100 million.
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