Shaoxing Xinshan Science Technology Co.,Ltd
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DisplaySupplyChainConsultants (DSCC), an authoritative information organization in the global display industry, recently announced the shipment of OLED panels in the first quarter of 2018. According to the data, the industry still maintained growth, with OLED sales of 5.9 billion U.S. dollars, an increase of 39% year-on-year. It is estimated that annual revenue will reach 26.95 billion U.S. dollars.
2016-2018 OLED panel revenue (photos from DSCC)
In terms of applications, smartphones are still the main application direction of OLED panels. Smart phone OLED panel revenue accounted for 88% of OLED panel revenue, OLED TV accounted for 7%, and smart watches accounted for 2.3%. It is worth noting that Visconnano, a domestic OLED panel company, significantly increased its market share in the first quarter of 2018, and its market share ranked third in the world with a year-on-year increase of 425%. Immediately after Samsung and LG, it occupied the top position among domestic panel makers. .
2016-2018 OLED panel shipments (photos from DSCC)
According to the research agency's forecast, shipments of OLED mobile phone panels will exceed LCD in 2021. In the long-term, global OLED panel revenue will continue to grow at a double-digit growth rate, reaching a peak of 32% by 2020, and by 2022 Increased to 57.2 billion U.S. dollars.
Smartphone panel shipments by technology and form factors (photos from DSCC)
In the near future, smart phones will continue to be the main application of OLED panels. DSCC predicts that smart phone shipments in 2022 will reach 91%, and revenue will reach 79%. Smartwatch is still the second largest application, and TV will continue to be the second largest revenue application. By 2022, TV panel revenue will increase to 6.2 billion U.S. dollars, accounting for 11% of all OLED panel shipments.