2016, Korea Seizes AMOLED Market…95% of Global Market

2016-2020 Global AMOLED Panel Market Shipment [1 Million] (source : UBI Research)

This year, Korea is expected to secure overwhelming leadership position within the global AMOLED panel market with 95% market share.

According to 2016 OLED Display Annual Report, recently published by UBI Research, approximately 270 million units of AMOLED panel are to be produced from Korea in 2016, approximately 95% of the global shipment.

For AMOLED panel market revenue, Korea is estimated to occupy 96% of the total market in 2016 with US$ 14,218 million. Korea is expected to maintain approximately over 70% of the market share until 2020, and lead the global market for several more years.

This is analyzed to be due to active response by Korean display companies against AMOLED application expansion by influential global smartphone companies.

Samsung Electronics is forecast to sell over 47 million units of AMOLED panel equipped Galaxy series in 2016. The projection that Apple will also apply AMOLED panel to future iPhone series for product differentiation is gaining traction.

Several companies, including LG Display and Samsung Display, are carrying out active investment for AMOLED panel mass production line from H1 2016.

Other than Korea, China is showing rapid movement within the global AMOLED market. China is estimated to produce approximately 11 million units of AMOLED panel in 2016, and occupy approximately 4% of the global shipment, marking the second place after Korea’s 95%. China is estimated to increase the market share each year and reduce the gap with Korea; in 2020, China is expected to hold 24% of global AMOLED panel shipment in 2020.

China’s AMOLED panel market revenue is also forecast to show significant growth with approximately US$ 500 million in 2016 to US$ 13,700 million in 2020, a 20% of the total market.

2016 OLED Display Annual Report forecasts that the global AMOLED market is to record approximately US$ 15,000 million in 2016, and grow to approximately US$ 70,000 million in 2020.