OLED Smartphone Panel Revenues to Decline 5% Y/Y in 2022 - Display Daily

In the precocious released Advanced Smartphone Display Shipment and Technology Report, DSCC uncover further granularity and insights for the expected 13% Y/Y portion diminution and 5% Y/Y sheet gross diminution for OLED smartphones. OLED smartphone sheet gross is expected to diminution to $31B from $33B successful 2021.

As a effect of the continued macroeconomic environment, persistent proviso concatenation issues and weakened user demand, large smartphone brands proceed to trim their OLED smartphone sheet procurement for 2022 by double-digit percentages.

For 2022, DSCC expect OLED smartphone sheet shipments to alteration 13% Y/Y to 554M panels. Flexible OLED smartphone panels are expected to summation 6% Y/Y and relationship for a 65% portion share, up from 54% successful 2021. Rigid OLED smartphone panels are expected to diminution 38% Y/Y and relationship for a 32% portion share, down from 45% successful 2021. Rigid OLED smartphone panels proceed to diminution rapidly arsenic a effect of respective Chinese sheet suppliers pricing flexible OLED smartphone panels precise adjacent to rigid OLED smartphone panels and respective brands are importantly reducing their request versus 2021. In 2021, for immoderate Chinese sheet suppliers, flexible OLED smartphone sheet ASPs were much than treble the ASPs of rigid OLEDs. That is nary longer the case. Separately, foldable OLED smartphone panels are expected to summation 77% Y/Y for a 3% portion share, up from 2% successful 2021.

For 2023, DSCC expect OLED smartphone panels to summation 9% Y/Y and flexible OLED smartphone panels to summation by 14% Y/Y for a 68% portion share, followed by foldable/rollable OLED smartphone panels expanding by 34% Y/Y to a 4% portion stock and rigid OLED smartphone panels declining by 3% Y/Y for a 28% portion share. In 2023, for flexible OLED smartphone panels, we expect each brands to summation sheet procurement by single- and double-digit percentages arsenic a effect of flexible OLED sheet ASPs declining 17% Y/Y and much flexible OLED capableness coming online. We expect rigid OLED smartphone panels to proceed to diminution by 3% Y/Y arsenic ASPs for flexible OLED smartphone panels proceed to decline, respective brands wholly exit the rigid OLED smartphone class and excess rigid OLED capableness is utilized for IT applications.

For 2022, connected a smartphone sheet gross basis, DSCC expect rigid OLED smartphone sheet gross to alteration 39% Y/Y for a 13% share, down from 20% successful 2021. Flexible AMOLED smartphone sheet gross is expected to stay level and summation to a 79% gross stock successful a smaller market. Foldable AMOLED smartphone sheet gross is expected to summation 55% Y/Y with an 8% gross share, up from 5% successful 2021.

For 2023, DSCC expect smartphone sheet revenues to diminution 4% Y/Y, with flexible smartphone sheet gross declining 4% Y/Y connected 9% Y/Y portion growth, followed by a 20% Y/Y summation for foldable/rollable smartphone sheet gross connected 34% Y/Y portion growth. For rigid OLED smartphone sheet revenue, we expect a diminution of 14% Y/Y connected 3% Y/Y portion declines.

Annual OLED Smartphone Panels by Substrate, 2020 -2023

In the lawsuit of 2022 sheet gross stock by sheet supplier, DSCC expect SDC to stay the ascendant sheet supplier with a 67% gross share, followed by LGD with 10%, BOE with 8% and Visionox with 3%. In 2023, based connected expected sheet shipment volumes, we expect SDC to person a 57% sheet gross share, followed by BOE with 12%, LGD with 11% and Visionox and China Star with 3%. The stock summation for BOE is simply a effect of the expected accrued sheet shipments from Apple, Honor, Oppo, Samsung and Vivo. For Apple, BOE presently supplies flexible OLED panels for the iPhone 12, 13 and 14. The stock summation for LGD is simply a effect of expected increases for sheet shipments from Apple. For Apple, LGD supplies flexible OLED panels for the iPhone 11 Pro Max, iPhone 12, iPhone 13, iPhone 13 Mini, iPhone 14 and iPhone 14 Pro Max.

Annual OLED Smartphone Panel Revenue by Panel Supplier, 2020-2022

In the lawsuit of 2022 OLED marque share, DSCC expect Apple to person a 39% portion stock and a 54% smartphone instrumentality gross share, up from 29% and 41%, respectively successful 2021. We expect Samsung to person a 21% portion stock and a 21% smartphone instrumentality gross share, down from 22% and 22%, respectively successful 2021.