With the growing adoption of OLED (organic light-emitting diode) displays in smartphones and premium flat-panel TVs, major panel manufacturers have significantly ramped up investments in building new OLED production facilities. According to the latest report from IHS Markit, global AMOLED panel production capacity—covering both RGB OLEDs and white OLEDs (WOLEDs)—is projected to surge from 11.9 million square meters in 2023 to 52.1 million square meters by 2022, marking a staggering 320% increase.
OLED production is set to quadruple over the next five years. The report highlights that RGB OLED production capacity is expected to grow from 8.9 million square meters in 2023 to 31.9 million square meters by 2022, while WOLED capacity will rise from 3 million to 18.2 million square meters during the same period. Samsung Display and Leyin Display are leading the market but have taken distinct approaches: Samsung has focused on RGB OLEDs for mobile applications, while Leyin has concentrated on WOLED technology for television screens. As smartphones and other mobile devices continue to evolve, LCDs are gradually being replaced by RGB OLEDs, especially due to their full-screen and flexible display capabilities. Since 2017, LG has started producing RGB OLED panels for its TV lineup. Meanwhile, Chinese panel manufacturers such as BOE, ChinaStar, Tianma, Visionox, EverDisplay, Truly, and Royole are actively expanding their RGB OLED production capacities to meet rising demand. According to IHS Markit’s analysis, the share of Korean panel makers in global AMOLED production is expected to decline from 93% in 2017 to 71% by 2022. In contrast, Chinese companies—including BOE, Huaxing, Tianma, Visionox, Hefa, and Rouyu—are anticipated to increase their market share from 5% in 2017 to 26% by 2022, signaling a significant shift in the industry landscape.
OLED production is set to quadruple over the next five years. The report highlights that RGB OLED production capacity is expected to grow from 8.9 million square meters in 2023 to 31.9 million square meters by 2022, while WOLED capacity will rise from 3 million to 18.2 million square meters during the same period. Samsung Display and Leyin Display are leading the market but have taken distinct approaches: Samsung has focused on RGB OLEDs for mobile applications, while Leyin has concentrated on WOLED technology for television screens. As smartphones and other mobile devices continue to evolve, LCDs are gradually being replaced by RGB OLEDs, especially due to their full-screen and flexible display capabilities. Since 2017, LG has started producing RGB OLED panels for its TV lineup. Meanwhile, Chinese panel manufacturers such as BOE, ChinaStar, Tianma, Visionox, EverDisplay, Truly, and Royole are actively expanding their RGB OLED production capacities to meet rising demand. According to IHS Markit’s analysis, the share of Korean panel makers in global AMOLED production is expected to decline from 93% in 2017 to 71% by 2022. In contrast, Chinese companies—including BOE, Huaxing, Tianma, Visionox, Hefa, and Rouyu—are anticipated to increase their market share from 5% in 2017 to 26% by 2022, signaling a significant shift in the industry landscape.
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