It is predicted that the active matrix organic light emitting diode (AMOLED) material market used for smartphones and TVs will grow average 9% annually to reaching $2.29 billion by 2025.
According to AMOLED market data published by Ubi Research, Korean panel companies are expected to grow average 5.9% annually from $1.23 billion in 2021 to $1.55 billion by 2025.
Chinese panel companies are expected to grow average 9.7% annually from $510 million in 2021 to $740 million in 2025. Korean panel companies are expected to account for 69.2% of the total market share of light emitting materials over the next five years.
Ubi Research predicted that Samsung Display's high rate of purchasing materials will be maintained, and LG Display's purchase of light emitting materials for large OLEDs will increase.
By deposition method, the RGB OLED method occupies the highest market share of 78.3% in the entire market by 2025. It is expected to occupy a larger market share than W-RGB OLED or QD-OLED used in large sizes.
LG Display's W-RGB OLED light emitting material market is expected to occupy 18% of the total market by 2025 due to increased panel shipments.
Samsung Display's QD-OLED is expected to have a market share of about 3.7% if its investment is only 30,000 sheets per month.
By Staff Reporter So-ra Park (srpark@etnews.com)