OLED production capacity will increase to double in 2023.

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UBI Research has published [2019 OLED Equipment Report] that forecasts the OLED equipment market. According to the report, the total substrate area of display companies in 2019 will be 34.9 million square meters, which will be 68.5 million square meters in 2023 and double after four years.

OLED substrate area growth is attributable to investments made by OLED lines for TVs driven by Samsung Display and LG Display. Currently, OLED manufacturing lines for TVs are 8G lines optimized for 55-inch panel production. However, the demand for premium TVs is shifting from 55-inch OLED TVs to 65-inch TVs. By 2021, the 65-inch OLED TV market will account for more than 40%. In response to these market conditions, LG Display is preparing to invest 10.5G lines in the most efficient production of 65-inch panels. In 2023, the substrate area of a large OLED line is expected to occupy 42% of the total substrate area.

<OLED production capacity by generation>

The substrate area of the 6G line is expected to grow to 13 million square meters this year and to 19.3 million square meters in 2023. Most of this is due to investment by Chinese panel makers. In China, the smartphone market accounts for about 40% of the global market, so Chinese smartphone makers have a very high market share based on the domestic market. Huawei has recently become the world’s second-largest shipper based on its domestic market. Chinese panel makers are boldly adding a 6G flexible OLED line to Chinese smartphone makers, with the Chinese government’s huge support.

<OLED production capacity by country>

In 2019, Korea’s OLED production capacity (substrate area) will total 27.9 million square meters, accounting for 80% of its total production capacity and expanding to 54.8 million square meters by 2023. The market share will remain at 80% and lead the OLED industry.

Chinese panel makers are expected to stay at around 20% as they are investing only in OLED production lines for mobile device.

The OLED manufacturing equipment market (excluding logistics equipment) is estimated at $ 28.4 billion for four years from 2019 to 2022 due to investment by Korean and Chinese panel makers. Among them, the sixth-generation equipment market is expected to account for 61% of the total equipment market, at $ 17.2 billion.

<Equipment Market Forecast by Generation (2019 ~ 2022)>

AMOLED components and materials market grew to $ 24.15 billion in 2023

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Although Samsung Electronics and Apple’s OLED smartphone market are stalled, Chinese smartphone makers are gradually increasing their use of OLEDs based on the huge smartphone market in China. As a result, BOE and Chinese panel makers have aggressively established a Gen6n flexible OLED plant, which is driving the OLED industry.

As a result of UBI Research’s panel makers’ operation rate analysis due to OLED plant expansion and supply and demand, the market for various component materials (excluding light emitting materials) that make up OLEDs is expected to reach $13.9 billion in 2019 and expand to $ 24.15 billion in 2023.

Recently, as the production of foldable OLED has started, various kinds of films that are not applied to LCD are emerging as core materials.

In the [2019 OLED Components and Materials Report] published by UBI Research, we examined the foldable OLED structure of Samsung Display, LG Display, and BOE, and analyzed the thickness and characteristics of the films that make up the module.

In the OLED components and materials market, components for TV OLEDs will grow rapidly to reach $ 19.1 billion in 2023 and lead the OLED industry.

OLED emitting materials market to grow to $ 1.71 billion in 2019

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OLED light emitting materials market is gradually increasing as Chinese companies enter OLED panel market led by Samsung Display and LG Display.

The 2019 OLED emitting material report, published by UBI Research, predicts that the emitting material market in 2019 will reach $ 1.17 billion. 2021 and 2023 are expected to grow to $ 1.87 billion and $ 2.0 billion, respectively.

The size of light emitting materials consumed by Korean companies will account for 70.2% in 2019 ($ 0.82 billion), and its share will increase to 75.6% in 2023.

Korea’s emitting material market is growing because the consumption of OLED materials for TVs is soaring. In 2019, 21.1% of light emitting materials for TVs are expected to increase to 49.7% in 2023.

What is the cost of OLED materials for the Galaxy F?

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What will be the price of foldable phone Galaxy F, which is expected to be on the market this year, is a concern for people around the world. Samsung Display is the only company that can mass-produce Foldable OLEDs with in-folding type used by Galaxy F.

Galaxy F with 7.29-inch OLED is a digital convergence product that can simultaneously target the smartphone and tablet PC market. The initial sale price will be around $ 2,000, and the estimated sales volume is about 1 million units this year.

The OLED industry is interested in how much the Galaxy F’s foldable OLED panels (including modules) will cost.

According to UBI Research’s material cost analysis data, Samsung Display’s foldable OLED material cost is 2.04 times higher than the Galaxy S10 5.8 inch. This is because the display area has increased, and the yield has been reduced.

Galaxy F, Galaxy S10, and iPhone XS’s flexible OLED material cost analysis shows that the module cost of iPhone XS is the highest at 95.2%, Galaxy S10 at 92.2% and Galaxy F at 89.3%.

The largest OLED business conference, OLED KOREA 2019

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The OLED Korea Conference 2019, organized by UBI Research, will be held on March 6 and 7 at Novotel Ambassador in Gangnam.

The OLED Korea for the fifth consecutive year, the event includes many high profile speakers by having representatives of the industry on board

The conference will feature future forecast of panel market with executives from leading panel makers Samsung and LG Display, another major developers JOLED and TCL, which are pioneering markets for OLED panels with inkjet technologies

In order for OLED industries to grow, not only panel manufacturers but also variety of parts materials, equipment, and technologies need to be developed.

The conference will also include presentations from leading industry analysts from a variety of part and equipment firms.

Particularly, scheduled the session by Nanosys, a company specialized in QD, which will provide an important opportunity to forecast the growth of the QD-OLED business that Samsung Display is discovering as its next-generation business.

The OLED KOREA conference had over 200 attendees at last year.

[Program]

Can the OLED market continue to grow?

   OLED Industry and Market Forecast in 2019

Dr. Choong Hoon YI, UBI Research

How will Korean panel companies attract the OLED industry?

   Future Key Technology of OLED

Hyein Jeong, Samsung Display

   How to create new value in display industry, LCD or OLED?

KY(Stephen) Ko, LG Display

Soluble OLED technology for making large-sized TV market

   The Latest Breakthrough of Printing Technology for Next Generation Premium TV Application

Dr. Jueng-Gil (James) Lee, TCL

   Strategic Market Creation of Printed OLED Display

Dr. Toshiaki Arai, JOLED

   OLEDs state-of-the-art materials: Merck development and latest status

Dr. Remi Anemian, Merck

   Latest Development of Soluble OLED Materials and Application to Mid-to-Large Panel Fabrication

Takeshi Yamada, Sumitomo Chemical

   Inkjet Printing for Flexible and Large-size OLEDs Manufacturing

Kyung-Bin Bae, Kateeva

Next generation OLED application

   OLED Micro-displays for VR/AR Applications

Dr. Amal Ghosh, eMagin

   Airborne System & Cabin Integration enhance flight experiences and operations

Dr. Julian Chang, Boeing

Development status of fluorescence and phosphorescent materials

   Future Directions for Phosphorescent OLED Displays

Dr. Mike Hack, UDC

   Development history and recent development progress of Blue OLEDs in Idemitsu Kosan

Jisung So, Idemitus Kosan

What level of next generation emitting materials has been developed?

   TADF – Recent progress in developing highly efficient blue emitter materials

Dr. Andreas Haldi, Cynora

   Hyperfluorescence™, a Game Changing Technology of OLED Display

Junji Adachi, Kyulux

Film materials essential for OLED module manufacturing

   Colorless Polyimides (CPI®) for Flexible Electronics

Dr. Chung-Seock Kang, Kolon

   Optically Clear Adhesives for Future OLED Displays

Sun-Yong Park, 3M

New technology to prepare OLED future

   Quantum Dots: Technology Platform for Future Displays

Dr. Nahyoung Kim, Nanosys

   OLED Technologies for AR/VR

 Dr. Hyunkoo Lee, ETRI

   TBD

Dr. Robert Jan Visser, AMAT

   Material Advances for Transparent OLEDs

Dr. Michael Helander, OTI

AMOLED sales to reach USD 32.2 billion in 2019, up 13.8% from 2018

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UBI Research (CEO, Yi, Choonghoon) published the annual OLED report in 2019.

According to the report, the OLED market is expected to reach $ 32.2 billion in 2019 and 13.8% market growth. The market growth is due to the launch of a variety of applications in 2019. Foldable OLED will accelerate the growth of the flexible OLED market as a convergence product that fuses smartphones and tablet PCs, and 8K OLEDs and rollable OLEDs to be launched from 2H 2019 will further solidly support the premium OLED TV market. In addition, an increase in flexible OLED shipments due to improved yields by Chinese panel makers will support growth in the Chinese OLED market.

AMOLED revenue in the fourth quarter of 2018 was $ 7.9 billion, down 3.7% from $ 8.2 billion in the third quarter and down 10.4% from $ 8.8 billion in the fourth quarter of 2017. The quarterly OLED market was highly volatile due to sales fluctuations at Samsung Display.

Revenue in 2018 was $ 28.3 billion, up 7.1% from $ 26.4 billion in 2017. The growth slowed suddenly compared to growth of 58.7% in 2017. The sluggish growth is attributable to the sluggish OLED smartphone market, which drove the OLED market up until now. The OLED market for smartphones, which was worth $ 24.2 billion in 2017, was only $ 24.5 billion in 2018.

Flexible OLED panels are not being adopted in mid-end smartphones due to the high cost of manufacturing flexible OLED panels for smartphones. As a result, the oversupply will continue due to lack of demand compared to the 6G flexible OLED investment. In the fourth quarter of 2018, there was an oversupply of 31%. In the first quarter of 2019, oversupply will increase to 39% by overlapping seasonal demand decline.

What is the biggest issue in the display industry in 2019?

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In 2019, 8K OLED TVs and foldable smartphone will be on sale, bring new vitality to the OLED industry. OLED makers are leading the market with high-value-added products in order to maintain the display industry, which is collapsing due to low-cost LCDs pouring from the Gen10.5 line of Chinese panel makers.

Samsung Display is developing QD-OLED panels for the rapidly growing OLED TV market, and LG Display is spurring the development of foldable OLEDs for high-end smartphone market.

TCL and JOLED, which are relatively slower than Samsung and LG, are pioneering the soluble OLED market in response to the large-size OLED TV market.

The 2019 OLED KOREA will be held at the Novotel Hotel in Seoul from March 6 to 7 to enable you to understand the evolving OLED industry and technological development. The 2019 OLED KOREA, which includes Samsung and LG as well as the OLED industry, will provide insights into how and where the OLED industry will go in 2019.

2019 OLED KOREA CONFERENCE

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The highlight of CES and IFA, the world’s largest consumer electronics show, is that TV, the flower of household appliances, is gradually being transformed into an OLED TV showroom. In addition, OLED smart phones are competing in MWC, the mobile device exhibition. All products that generate operating profit in the TV and Smartphone market are using OLED. In future, OLED will be positioned as a premium product in the automobile display market, too.

Chinese and Japanese panel makers are also desperately trying to launch their products to the flexible OLED and WRGB OLED markets, which Samsung Display and LG Display have been leading. Flexible OLED allows for foldable electronic products that can be folded and unfolded, much developed from the curved shape. As a result, many companies in various industries are developing a variety of new technologies and products for new types of displays.

 

UBI Research, specialized in OLED industry research, will host the OLED business conference [2019 OLED KOREA] during March 6 ~ March 7, 2019 at the K Hotel. At the 5th OLED KOREA, not only the leaders from Samsung Display and LG Display, which hold unrivaled technological capabilities as Mecca of OLED industry, but also the experts engaged in global OLED component and material industry are to join the conference as speakers.

 

OLED KOREA, held in March every year, is the best meeting place to preview both the market and technology direction of the year with a comprehensive view of the current OLED market and technological innovations. Also OLED Korea provides a balanced program, where the industry leaders and experts exchange information and form a human network. The quality of the speakers and attendants enables fruitful discussions and encounters.

 

OLED KOREA Home Page: www.oledkoreaconference.com

[Press Release] Foldable OLED Market Grows Fast to US$ 24.6 Billion by 2023

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5G communication technology introduced from next year can process higher image quality and large-capacity contents such as VR more rapidly, besides real-time streaming service. As the communication speed increases, the relevant contents, are expected to be released, which require high resolution and large screen with graphics detailed.

 

The current smart phone is getting bigger up to 6 inches, but it is not enough for 4K resolution of 5G communication age. Since 4K resolution is to be possible at 7-inch and larger displays, they might be the most suitable product for the 5G communication era. Foldable smart phones are digital convergence products that can function as smart phones and tablet PCs as the next generation mobile devices that use 7 inch or more displays but maximize portability.

 

Owing to foldable OLED, foldable smart phones are likely to be available. Several companies have rushed to produce various prototype foldable OLED displays at exhibitions and conferences. A few panel makers even pledged to mass-produce foldable OLED displays competitively. OLED display companies worldwide including Samsung Display have invested enormous development costs in order to preempt the next generation product market, and now foldable OLEDs are starting to appear.

 

Samsung Electronics, which is leading the OLED smart phone market, is planned to launch the in-folding type foldable phone for the first time in the world next year. Accordingly, Samsung Display has prepared 1.5R foldable OLED. For Samsung Electronics, which has suffered sluggish sales of the Galaxy S series, Foldable Phone is a super premium product that needs to be succeeded.

 

<Expected structure of Samsung Electronics’ in-folding type foldable phone>
Source: Foldable OLED Report, UBI research

 

UBI Research (CEO: Yi, Choong-hoon), an OLED research institute, has published Foldable OLED Report. According to the report, the market for foldable OLED in 2019 is only US$ 480 million, but it is expected to grow to US $ 24.6 billion in 2023.

Yi said, “The rapid growth of the foldable OLED market is due to the fact that 7-inch and larger smartphones, which can support 4K resolution, become required products in the 5G communication era. Accordingly, the value of OLED panel makers will be determined by the success of foldable OLED production.”

 

However, foldable OLED is not a product that anyone can produce. Since foldable OLED has a more complex module structure than conventional flexible OLED, it is necessary to overcome the changes in various panel characteristics caused by folding. Especially in in-folding type foldable OLED, compensation circuit technology to overcome TFT resistance change and resilience required when folding and unfolding screen are typical technical difficulties. In order to realize this technology, the key challenges of reducing stress at the area of folding, selecting a proper substrate, determining the ideal stack structure, and optimizing the liftoff process, need to be overcome. Even when folding over 200,000 times, it is required to have reliability that there will be no abnormality on display image quality and surface.

“Foldable OLED Report” published by UBI Research analyzes the development trends of panel makers together with the development issues of major films that determine the reliability of foldable OLED.

The golden market for Automotive OLED Displays is approaching.

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The display of connected cars is getting bigger and bigger to for the convenience of providing various information. The displays used in general vehicles include the cluster, CID (center information display), RSE (rear seat entertainment), and RMD (room mirror display). In connected cars, various buttons of the center fascia are displayed, and a display is attached to the door using a camera instead of a side mirror. The Audi e-tron®, all-new electric Sports Utility Vehicle (SUV) feature a small side-view OLED display instead of the existing side mirrors. According to Choong-Hoon Yi, CEO of UBI Research, the reason why automobile manufacturers are actively trying to use OLED displays is because OLED can be a good resolution in various aspects such as design, visibility and thickness. Since the side view camera is attached to the door, the viewing angle should be very good for the driver’s eyes. Especially in nighttime driving, black should be accurately represented on the display to make things clearer. In addition, OLEDs with fast response must be used for the mirror of car because the screen needs to be changed rapidly depending on speed of the car (if it is running at a high speed). In winter season when temperatures are low, LCDs with slow response times are not recommendable to be used.

Flexible OLEDs should also be used to mount the cockpit display on the dashboard that maximizes driver’s convenience.

<Benz F015 Cockpit display and Audi e-tron side view display>

Audi has pioneered a new application market for OLED by using AMOLED as a display for rear-seat remote control for the first time this year. Audi uses rigid OLED that is supplied by Samsung Display.
In contrast, LG Display, the strongest player in the market for OLED TVs, is looking for the display market for clusters and CIDs as flexible OLED with two layers of RGB OLED. Visteon, the second-largest supplier of automotive displays, is preparing for the cluster market with LG Display’s pOLED. Since 12.3-inch p OLED is made of LTPS substrate and its OLED process is more complicated than that of OLED for smartphone, panel prices including module are expected to be equal to 55-inch WRGB OLED, which can create a premium market even if the quantity is small.

<Visteon, 12.3 inches pOLED>

According to “Automotive OLED Display Report” published by UBI Research, the market for automotive OLED displays led by Samsung Display and LG Display is expected to grow to US$ 540million in 2023.