Research has just released new forecasts for the OLED
display market. OLED is an emissive display technology which is gaining significant market share against liquid crystal displays (LCD
). OLED was initially adopted in mobile phones but can now be found in tablets, TVs, and wearables. This latest IDTechEx Research report
says the whole OLED displays market will reach nearly $16bn this year and will grow to $57bn in 2026. With the plastic and flexible sector being $2bn this year and reaching $18bn in 2020.
The two main manufacturers of OLED displays have both announced large investment to expand their production capacities. Samsung Display
has plans to spend more than $3bn between 2015 and 2017 to build a new production line. Their rival LG Display
is trying to lead the industry by committing over $9bn for two new manufacturing plants.
OLED displays that are manufactured on flexible substrates have been successfully introduced on the market, featuring in consumer devices such as the Samsung Galaxy S7 Edge or the Apple
Watch. Compared to conventional glass-based displays, plastic OLED displays are much thinner and lighter, enabling slimmer devices or bigger batteries
. Future flexible displays will also make foldable mobile devices a reality.
The rise of plastic and flexible displays is the most important trend in the industry and is offering opportunities in the supply chain. Recently, Kateeva raised another $88m
to accelerate their growth. The company supplies the mass production equipment to deposit thin film encapsulation on flexible OLED displays. All the new investors are located in China and include BOE
and TCL Capital.
We now expect the market for plastic and flexible OLED displays will reach $18 billion by 2020. The two main segments are currently smart phones and smart watches. Once the technology becomes more mature it will be possible to see larger sizes and applications in automotive displays.
New applications in wearable devices such as augmented reality (AR) and virtual reality (VR) are also coming to market and provide new opportunities for suppliers of OLED
, and HTC
have already announced new VR headsets based on OLED. In AR glasses, OLED microdisplays could replace LCoS (liquid crystal on silicon) as the main display technology.
IDTechEx will be at SID Display Week (booth #606) in San Francisco to present their research on OLED and other technologies such as quantum dots, wearables, and printed electronics
. During the event, we will be speaking in the Symposium and in the Exhibitor's Forum.
Based on a deep understanding of the technology roadmap and the existing bottlenecks, IDTechEx has forecasted the OLED display market in eight segments:
- Mobile phone displays
- Tablet and notebook displays
- TV panels
- Automotive and aerospace
- Wearable electronics
- Industrial and professional displays
- Other applications
This report includes:
- Executive Summary available as a separate 36 slide presentation (PDF format).
- Detailed 10-year forecasts by market segment.
- Detailed 10-year forecasts by display type (AMOLED rigid glass, AMOLED rigid plastic, AMOLED flexible, PMOLED, segmented, and microdisplays).
- Technologies and players in the OLED value chain (substrate, backplane, transparent conductor, barrier film).