English
KoreanDSCC’s Latest Report Reveals $63B for OLED Panel Revenue in 2026 - Fueled by Growth from OLED IT Products, OLED TVs and Smartphones
DSCC’s Latest Report Reveals $63B for OLED Panel Revenue in 2026 - Fueled by Growth from OLED IT Products, OLED TVs and Smartphones
DSCC has released its latest Quarterly OLED Shipment Report (一部実データ付きサンプルをお送りします) and has revealed the updated shipment and revenue forecasts for all OLED applications through 2026.
DSCC forecasts $63B and an 8% revenue CAGR in OLED panel revenue through 2026, driven by double-digit revenue CAGR growth for notebook PCs, monitors and tablets and a 6% CAGR revenue growth for smartphone and a 9% CAGR revenue growth for OLED TVs.
In the updated forecast for this report, we are showing a 31% unit CAGR (was a 26% unit CAGR) and a 28% revenue CAGR for OLED notebook PCs. Our updated and bullish forecast for OLED notebook PCs is the result of the projected lower prices from G8.5 rigid OLED fabs, aggressive pricing from Asus other brands, the continued ramp up of notebook OLED panels by SDC and more rigid capacity being used for IT applications.
For OLED monitor panel procurement, we had forecasted a 95% unit CAGR and 45% revenue CAGR through 2026. We have updated this forecast to reflect slower shipments in 2022 – 2025 as rigid capacity is used for notebook PCs and tablets and the continued cost reductions for MiniLEDs. We also downgraded the forecast for the mirroring display monitor, starting in 2024, based on continued use case discussions. QD-OLEDs are now included as part of the OLED monitor forecast starting in 2022. QD-OLED monitors are expected to account for a ~19% unit share and ~12% revenue share of the OLED monitor category over the forecast period.
For OLED tablet panel procurement, we have downgraded our forecasts for 2021-2022 in light of our expectation that panel suppliers will focus their rigid capacity for notebook PCs by versus tablets and monitors. The 2021–2022-unit forecast is also smaller due to the delays for the Samsung S8 product which started production in Q1’22 versus Q4’21. We also believe that Apple will not introduce an OLED tablet until 2024. Over the forecast period, OLED tablets will achieve a 49% CAGR in units and 46% CAGR in revenue through 2026. In units, OLED tablets will achieve 126% Y/Y growth in 2024 as a result of the OLED tablet introduction by Apple.
For 2023-2026, on an OLED smartphone panel procurement basis, we expect a continued decline of rigid OLED smartphone panels, and the excess rigid capacity to be utilized for IT applications. In 2023, on a revenue basis, we expect the form factor mix to be 70% flexible OLED panels, 16% rigid OLED panels, 13% foldable OLED panels and 1% rollable OLED panels.
For OLED TV panel procurement, we expect OLED TV + QD-OLED TV panel shipments to reach 15.1M panels and $6.4B in revenue in 2026. QD-OLED TVs are expected to account for a ~8% unit share and ~12% revenue share over the forecast period.
Readers interested in subscribing to the DSCC Quarterly OLED Shipment Report should contact info@displaysupplychain.com.
