Recently, IHS Markit has announced the ranking of OLED display shipments in the third quarter of this year. The report shows that the market size reached US$3.04 billion in the third quarter, among which Samsung, LG Electronics and Huiguang were among the best.
As a new type of screen, OLED can self-illuminate, with larger viewing angle, richer colors, significant energy saving, and flexible bending. Apple's flagship smartphone iPhone X uses OLED display, which further drives the demand for flexible screen market. The global shipment of flexible OLED display has been hitting a record high.
According to the IHS Markit report, the global flexible OLED display market reached US$3.04 billion in the third quarter, which is the first time the business output exceeded US$3 billion. In the first quarter of 2016, the market for flexible OLED displays was $495.8 million, rising to $1.11 billion in the first quarter of this year and slightly over $2 billion in the second quarter.
At present, Samsung Electronics is the world leader in flexible OLED displays, accounting for 96.5% of the market in the third quarter, with sales of 2.94 billion US dollars. LG Electronics followed closely with sales of just over $100 million, accounting for 3.3% of the market. Hehui Optoelectronics ranked third with a market share of 0.1%.
At present, Chinese panel makers including BOE and Huaxing Optoelectronics are catching up with Samsung Electronics in the flexible OLED panel market. However, Samsung Electronics invested 9.8 trillion won ($0.97 billion) in the business last year and invested 14.1 trillion won this year. Other companies will not be able to shake Samsung Electronics' dominant position in this market in the short term.
However, as Chinese panel makers continue to increase investment, China's OLED display capacity will account for 28% of global production capacity by 2020, making it the second largest supplier of OLED display in the world.
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