Flexible displays to drive OLED stellar growth, reports DSCC

December 22, 2017 //By Julien Happich
Flexible displays to drive OLED stellar growth, reports DSCC
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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