OLED shipments expected to increase 10-fold
May 11, 2004
Worldwide market revenue for OLED displays will grow to $4 billion in 2010, rising at a Compound Annual Growth Rate (CAGR) of 43 percent from $470 million in 2004, according to iSuppli/Stanford Resources' latest forecast. Revenue in 2004 will rise 87.9 percent from $250 million in 2003.
A total of 17.3 million OLEDs were sold in 2003; 36.2 million are expected to be sold in 2004, and unit shipments will rise more than 10-fold to reach 366 million in 2010.
Early OLEDs over the past few years have been competing with small, graphic LCDs in applications including car-stereo displays, mobile phone displays and screens for various small consumer products. However, with the advent of full-color and Active-Matrix (AMOLED) technologies, OLEDs increasingly will diversify into areas now dominated by LCDs, including larger graphic displays.
In 2004, 448,000 AMOLEDs will be sold for a total value of $22 million representing 1.2 percent of the worldwide OLED display market in terms of units and 4.7 percent of revenue, iSuppli/Stanford Resources predicts. In 2010, AMOLED products are expected to account for 60 percent of the units and 79 percent of the value of the global OLED market.