Revenue From OLED Panel Shipments to Rise 2% in 2022: DSCC

OLED panels are among the few “bright spots” in an otherwise weak 2022 display industry, reported Display Supply Chain Consultants Monday. It forecast 2022 OLED panel revenue will increase 2% year over year to $42 billion, helped by triple-digit year-over-year unit growth for game platforms and monitors and double-digit unit growth for laptops, tablets, TVs and automotive and augmented- and virtual-reality applications. DSCC forecast OLED smartphones will decline 4% year over year in units and 1% in revenue due to “macroeconomic headwinds, weakened consumer demand, persistent supply chain issues as a result of COVID-19 lockdowns in China and concerns regarding inventory product build up,” it said. The world’s major smartphone brands “have reduced their original OLED panel procurements for 2022 by single- and double-digit percentages,” it said.