DSCC: OLED panel revenue is expected to reach US$40.3 billion in 2022

DSCC's latest report shows that due to the slowdown in IT application growth and the rapid decline in smartphones as a mainstream application, OLED panel revenue is expected to decline by 4% year-on-year in 2022 to $40.3 billion (approximately US$40.3 billion). 287.339 billion yuan) scale. In 2022, both shipments and revenue of mainstream applications smartphones, smartwatches, and TVs will decline year-on-year. However, in addition to notebook computers, other emerging applications such as OLED displays, tablet PCs, gaming application screens, automotive displays, AR/VR, and other emerging applications are expected to have positive annual growth rates in both shipments and revenue.

DSCC said that smartphones will remain the most dominant application in 2022, with a 75% market share of shipments and a 77% revenue share. In 2023, smartphone shipment share is expected to drop to 74% and revenue share to 73%.

Additionally, DSCC expects smartphone unit share to decline to 74% and revenue share to 73% in 2023, with laptops overtaking smartwatches as the no. two major applications.

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