Market Research Analysis Display Industry - 26022018 | Page 4

area production by 2022. Government support in terms of finance and land offerings in exchange of minor
stake will be the prime factor for the growth of these players.
Manufacturing equipment suppliers are set to gain the most with the increased investment in Gen 6 and above
facilities and growing OLED market. Gen 8.5 facilities will continue to account for more than 50% of total
display area production for next five years while panel area production from Gen 10 and above will grow the
fastest in same period. Material suppliers are facing challenges as they need to keep investing in innovations
in new and advanced materials for LCD and OLED technologies. Various players are emerging in the market
and collaborating with tier 1 material suppliers, e.g., UDC & PPG Industries. Advanced materials will be the
new game changer for these players. Worldwide demand for display components and materials is anticipated
to reach $35 billion by 2023, growing at a CAGR of 3.1% between 2017 and 2023, according to a report recently
released by MarketsandMarkets. OLED material suppliers will benefit from the increased demand from
Samsung and other players in the short term; however, emerging manufacturing technologies, such as ink-jet
printing, will reduce the material demand due to optimum utilization of materials.
Industry has reached at a point where the demand for displays with power efficiency, high brightness, and fast
response time is increasing rapidly. LCD and OLED panel markers are doing the best in their capability;
however, emerging technologies such as Micro-LED and true-quantum dot will define the future of LCD and
OLED ecosystems. These technologies will affect the entire display value chain, including the material,
equipment, and panel suppliers. Worldwide demand for Micro- LED-based display and lighting panels is
expected to reach $20 billion by 2025, with a growth of 54.7% between 2019 and 2025.
MICRO-LED DISPLAY PANEL MARKET
100%
90%
80%
70%
Smart Watches Near-to-Eye (NTE)
Smartphone & Tablet Laptop
TV PC Monitor
Heads-up-Display (HUD) Digital Signage Display
60%
50%
40%
30%
20%
10%
0%
2017
2018
2019
2020
2021
2022
2023
2024
2025
Source: MarketsandMarkets Analysis on Micro-LED Market
Many players are offering LED signage displays (less than 1mm pixel-pitch) as of 2017-18 and are targeting
themselves towards 100 micron pixel-pitch for such applications. Based on the current LED manufacturing
capabilities, mass transfer capabilities, and technology advancements; it can be expected that Micro-LED, a
type of direct-view LED technology, may witness commercialization in smartwatches and NTE devices by
2019 and for other applications after 2021.