Samsung Display and LG Display are investing in the 8.6th generation IT line with high added value to compensate for the decrease in sales due to the Chinese panel makers’ flexible OLED low-cost offensive and LCD withdrawal.
At the ‘2023 OLED & Micro Display Analyst Seminar’ held at the Federation of Korean Industries in Yeouido on the 5th, Choong Hoon YI, CEO of UBI Research, gave a presentation on ‘IT OLED industry trends and market prospects’.
According to the ‘2023 OLED Components and Materials Report’ recently published by UBI Research, a company specializing in OLED market research, In 2023, foldable OLED shipments are expected to record 22 million units, and expand to 61 million units in 2027 at an average annual growth rate of 29%.
At SID 2023 held in Los Angeles, USA, Charles Peng, chairman of Tianma, delivered a keynote speech under the theme of ‘New Trends and Strategies for the Display Industry’.
It was found that Tianma, a Chinese OLED panel supplier, supplied the second most OLED panels for smartphones after BOE in the first quarter of 2023. In the meantime, among Chinese companies, Visionox has always been in second place after BOE in OLED shipments for smartphones, but it gave way to Tianma for the first time in this first quarter.
According to the ‘2023 OLED Emitting Material Report’ recently published by UBI Research, the total emitting material market is expected to reach US$ 2.59 billion in 2027 with an average annual growth rate of 7.7% from US$ 1.92 billion in 2023.
Samsung Display will supply state-of-the-art OLEDs to the supercar Ferrari. Samsung Display announced that it signed a memorandum of understanding (MOU) with Ferrari at the Asan Campus on the 11th to develop display solutions to be installed in Ferrari’s next-generation car models.
JOLED filed for civil rehabilitation with the Tokyo District Court due to financing problems. As JOLED withdraws from the OLED business, it will close two factories in Japan and lay off about 280 employees. JOLED’s total debt is $257 million.
According to the ‘2023 Medium and Large OLED Annual Report’ recently published by UBI Research, OLED panel shipments for TVs are expected to grow from 9.1 million units in 2023 to 14.1 million units in 2027 with an average annual growth rate of 11.6%.
OLED KOREA, hosted by UBI Research, a market research company, will be held at the Central Park Hotel in Songdo, Incheon from April 12 to 14. OLED KOREA, which marks its 7th anniversary, is a business conference where top authorities in display from Korea, Japan, Asia, the United States, and Europe gather.
According to the ‘2023 Small OLED Display Annual Report’ recently published by UBI Research, Samsung Display’s OLED shipments for foldable phones are expected to reach 50.9 million units in 2027 with an average annual growth rate of 28.1% from 18.9 million units in 2023.
UBI Research, a research company specializing in displays, will hold the 7th 2023 OLED KOREA from April 12th to 14th, 2023 at the Songdo Central Park Hotel in Incheon, Korea.
LG Display announced that it will release 77-inch transparent OLED products by the end of this year. LG Display plans to continuously strengthen its transparent OLED product lineup, which is a next-generation technology.
At the 19th OLED School held at Sookmyung Women’s University from February 9th to 10th, Senior Research Fellow Yoo Chung-geun of LG Display announced, “We are developing a set for VR using OLEDoS, and some of the prototypes have already been developed.”
BOE’s 6G LTPS LCD line, B20, will hold a groundbreaking ceremony in Beijing on February 10th. The capacity of the B20 line is 45K per month, and it is mainly based on the LTPS TFT process, but since an oxide TFT line with a capacity of about 15K per month is also built, it is expected that oxide TFT technology will be applied to some products.
Samsung Display today announced the successful development of the world’s first large-sized OCTA (On-Cell Touch AMOLED) technology, expanding the technology’s application from smartphone OLED to the laptop OLED panel, with full-scale mass production starting in January.
As panel makers have recently accelerated the development of foldable OLEDs, a variety of products, including foldable phones, foldable tablet PCs, and foldable laptops, are being exhibited. We look at the development trend based on the exhibited products of panel makers.
According to ‘AMOLED Manufacturing Process Report Ver.5’ recently published by UBI Research, QM2, a new emitting structure of QD-OLED, has been applied from the end of 2022, and is expected to be applied to Samsung Electronics’ 2023 OLED TVs.