DSCC Upgrades OLED Revenue Forecast, Now Sees Sales Rising 57% This Year
​Display Supply Chain Consultants upgraded its 2017 OLED industry revenue forecast and now sees global sales growing 57 percent this year to $34.9 billion, the consulting firm said in its quarterly report Tuesday. In its previous quarterly report in July,…
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DSCC forecast OLED industry revenue rising only 46 percent this year to $21.2 billion. DSCC sees OLED revenue rising at a 27 percent compound annual growth rate (CAGR), reaching $62.8 billion in 2022. The firm is forecasting “strong demand” for OLED TV panel shipments in units and dollars, it said. In future years, OLED TVs will “take more share in the high end of the TV market,” it said. Lead OLED TV panel supplier LG Display “is stretching its existing capacity, adding more capacity and shifting its product mix to meet demand,” it said. It sees OLED TV panel revenue rising at a 37 percent CAGR to $5.9 billion in 2022 with units rising at a 49 percent CAGR to 9.5 million panels in 2022. Smartphones are expected to keep a dominant share of the OLED market with at least 85 percent share over the multiyear forecast period, with revenue rising at a 27 percent CAGR to $54 billion in 2022, it said. OLED smartphone panel shipments are expected to rise at a 24 percent CAGR to 1.37 million panels in 2022, it said. DSCC expects curved OLED smartphone panels to overtake rigid panels in 2019, it said. OLEDs are expected to overtake LCDs in the smartphone market in 2020 with “full penetration” expected in 2027, it said.