With Apple's recently unveiled mobile phone, the adoption of OLED panels is set to become a game-changer, prompting other smartphone manufacturers to follow suit. This shift is expected to significantly boost the OLED market, with AMOLED production capacity projected to grow at a Compound Annual Growth Rate (CAGR) of 41% between 2016 and 2021, expanding from 5.3 million square meters to 29.4 million square meters. By 2017, OLED revenues are anticipated to hit $21 billion, marking a 46% increase from 2016, and are expected to soar to $46 billion by 2021. Currently, smartphones remain the largest OLED application, accounting for 86% of the market share in 2017, though this is forecasted to drop slightly to 81% by 2021.
OLED TVs are progressively claiming the high-end market segment
The second-largest OLED application is television sets, while niche products like smartwatches and virtual reality (VR) headsets make up a smaller portion of the market. In terms of volume, smartphones dominate OLED shipments, representing 94% of the total. VR headsets and smartwatches come in as the second and third largest applications, respectively. Looking ahead, OLED TV shipments are predicted to reach 6.5 million units by 2021, with an impressive compound annual growth rate of 49% from 2016 to 2021.
Samsung Electronics and Apple currently lead the OLED mobile display market. It's estimated that Apple will command 38% of the mobile product market in 2018, but this figure is expected to dip to 25% by 2021. Overseas media reports suggest that Apple will continue to collaborate with Samsung and LG Display to secure production capacity. Post-Q1 2018, flexible OLEDs are anticipated to surpass rigid OLEDs in popularity.
Samsung has taken the lead in the small-sized OLED sector
Additionally, China's burgeoning OLED industry, fueled by rapid expansion in production capabilities, is poised to grow at an annual compound rate of 114%. Consequently, the market share of Chinese OLED manufacturers is expected to surge from 4% in 2016 to 34% by 2021.
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As the OLED market continues its upward trajectory, it remains to be seen how these trends will shape future technological innovations and consumer preferences across various industries.iPad Wireless Keyboard Case,LED Display Magic Keyboard Case,Detachable Magnetic Keyboard Case,Magnetic Keyboard Case,Rotatable Wireless Keyboard
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