|DSCC increases its OLED market forecasts as it sees increased adoption in phones, tablets, monitors and laptops|
DSCC has published its latest OLED market forecast. The company raised its 2021 revenue expectations by 9% (to $42.5 billion) as it sees increased smartphone display shipments and higher OLED laptop shipments.
DSCC also increased its long term OLED revenue forecast by 11% to $60.6 billion by 2025. This is driven, again, by higher smartphone AMOLED shipments and increased adoption in IT markets (tablets, laptops and monitors).
OLED tablet outlookDSCC expects Apple to introduce its first OLED tablet in 2023. In 2021 DSCC sees around 4.5 million tablet OLED display in production which will grow to 5.7 million in 2022, almost 14 million in 2024 and over 16 million in 2025. From 2021 to 2025 tablet OLED shipment growth will be at 37% CAGR (and revenues will grow at 34% CAGR).
OLED laptop outlookFor the laptop market, DSCC sees around 5 million OLED displays shipping in 2021, almost 8 million in 2022 and over 11 million in 2025. In 2023, revenues will reach over $1 billion. Samsung Display is currently aiming to grow this market aggressively which will help grow the market at a 23% in both units and revenues from 2021 to 2025.
OLED monitor outlookThe OLED monitor display market will remain very small in 2021, but as both SDC and LGD aim to target this market with panels from TV production lines using MMG technology, the market will start growing in 2022, and shipments will grow at a fast 84% CAGR in 2021-2025 (revenues will grow at 37% CAGR). In total the market will grow from around 250k units in 2021 to over 1 million units in 2022 and almost 3.5 million units by 2025.