The OLED Market

OLEDs have been around since the early 2000s and in recent years, OLED technology has been developing in leaps and bounds. OLEDs are quickly becoming the display of choice for mobile phones, wearables, TVs and VR headsets. The image quality of OLED displays is the best ever and OLEDs are efficient, thin and light.

Rollable OLED prototype (SDC)

Flexible OLEDs are now entering the market – and the future will see foldable, rollable and stretchable OLEDs, that will enable new types of devices we cannot even imagine today.

The OLED display market grew rapidly in the last few years, and in 2017 it is estimated that about 500 million OLED displays will ship – mostly to smartphone vendors. OLED panel revenues were estimated at around $15 billion in 2016 – and this only represents a fraction of the full potential of OLEDs if and when they take over the display, TV and lighting markets.

The mobile OLED market is dominated by Samsung Display, who started producing AMOLED displays in 2007. More display producers are rushing in to join the market, including LG Display, BOE Display, Everdisplay, Visionox, Truly, Sharp and AU Optronics. The OLED TV market is also growing, with over 1.5 million OLED TVs expected to be produced in 2017. The only OLED TV producer is LG Display – but it is likely that more makers will enter this market, as it is expected that by 2021 it will grow to over 6 million TV panels.

The OLED material market

A rapidly growing OLED industry requires a significant amount of OLED materials. n-tech Research (previously Nanomarkets) sees the OLED materials market growing from $970 million in 2015 to over $4.4 billion in 2020 and $9.7 billion in 2022.

OLED material market value (n-tech, 2015)

UBI Research sees the OLED emitter materials market growing at a CAGR of 46% from 2016 to 2021, to reach $4.3 billion.

OLED emitter material market (UBI, 2106)