Flexible AMOLED Market More Than Tripled to $12 Billion in 2017
February 27, 2018 | IHS MarkitEstimated reading time: 1 minute

Thanks to a sudden increase in demand , shipment revenue of flexible active-matrix organic light-emitting diode (AMOLED) displays more than tripled in 2017, accounting for 54.6% of total AMOLED panel shipment revenue, according to business information provider IHS Markit.
The flexible AMOLED panel market expanded by about 250% in 2017 to $12 billion from $3.5 billion in 2016, while rigid AMOLED panel shipment revenue contracted by 14% during the same period. Samsung Display started supplying its flexible AMOLED displays for the iPhone X in the third quarter of 2017, which greatly contributed to the overall shipment revenue increase. LG Display, BOE and Kunshan Govisionox Optoelectronics also started producing flexible AMOLED panels for smartphones and smartwatches in 2017, helping the market growth.
“High-end smartphone brands have increasingly applied flexible AMOLED panels to their products for unique and special design,” said Jerry Kang, senior principal analyst at IHS Markit. “The number of flexible AMOLED panel suppliers is also increasing, but the supplying capacity is still concentrated in Samsung Display.”
The flat type flexible AMOLED panels accounted for about a half of total flexible AMOLED shipment units in 2017, shifting from the curved type that used to be the major flexible AMOLED display form factor until 2016.
“As Apple applied the flat type to the iPhone X, the form factor of smartphone displays has diversified,” Kang said.
According to the latest AMOLED & Flexible Display Intelligence Service by IHS Markit, the demand for flexible AMOLED panels is not expected to grow as fast as supply capacity in 2018. “In a way to overcome potential oversupply, many panel makers are trying to develop another innovative form factor, such as foldable or rollable, within a few years,” Kang said.
The AMOLED & Flexible Display Intelligence Service covers the latest market trend and forecast of the AMOLED display industry, including shadow masks and polyimide substrates; technology and capacity analysis; and panel suppliers’ business strategies by region.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80% of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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