Flexible OLED Production Scale Soars
The industry predicts that the size of the flexible OLED panel market will exceed that of rigid OLEDs in 2017. Facing such market changes, the biggest beneficiary of the related equipment industry is the manufacturer of evaporation machines.
According to Korean media reports, the market research agency Display Supply Chain Consultants (DSCC) said that in 2016, OLED panel shipments were about 395,000, but it will grow to 1.46 billion in 2021, which will greatly increase the growth rate of evaporation machines.
The size of the vapor deposition machine market in 2016 was $ 1.14 billion, an increase of 211% over 2015, and the scale is second only to the exposure machine necessary for Photo Lithography.
DSCC predicts that the size of the evaporation machine market in 2017 will be US $ 2.2 billion, an increase of 90% year-on-year; in 2018, it will further expand to US $ 2.3 billion, but it will experience negative growth in 2019, shrinking to US $ 2 billion. In other words, each panel factory will continue to invest in equipment by the end of 2018.
The global smart phone market size is about 1.5 billion each year, and the recent growth rate has stagnated. However, major mobile phone manufacturers have started to increase the use of flexible OLED panels. The smart phone OLED panel market is dominated by Samsung Display with a high market share of more than 95%. The industry estimates that Samsung Display's OLED revenue in 2017 is expected to exceed LCD business.
In the overall evaporation machine market from 2015 to 2019, Samsung Display's contribution is estimated to account for approximately 29%; LG Display has also recently actively invested in OLED (about $ 1.7 billion), accounting for about 23%; BOE's investment scale About 1.1 billion US dollars, is expected to occupy 13%.