DisplaySearch Forecasts OLED Revenues to Rise at an 88% CAGR to $3 Billion in 2007

Business Wire, Oct 21, 2002

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Oct. 21, 2002

DisplaySearch, the worldwide leader in FPD market research and consulting, today released its highly anticipated 300 page third annual Organic Light Emitting Display (OLED) Technology Report forecasting that OLEDs will produce revenues of $85 million in 2002 and rise to $3 billion by 2007, propelled by mobile phones, PDAs, and camera applications.

The report predicts that five applications -- mobile phones, mobile phone sub-displays, PDAs, digital cameras and camcorders -- will account for most of this rapid growth. By 2007, OLEDs are expected to grab greater than a 4% share of the FPD market.

"Perhaps no display technology, since the TFT LCD, is expected to have such a profound influence on the market as OLEDs," said Barry Young, DisplaySearch vice president and author of the report. "We predict that it will not only compete against AMLCDs in selected markets, but fulfill the promise of creating new markets. An understanding of the benefits and challenges of OLEDs along with detailed profiles of the players, their commercialization status and their technology and product strategies are revealed making this a critical report for anyone in the display industry."

The 2002 Organic Light Emitting Display (OLED) Technology Report forecasts that active matrix OLEDs (AMOLEDs), which deliver clear performance advantages over conventional LCDs in many small applications, will gather 30% to 40% market share in selected applications. In the next 12 months alone, at least four major AMOLED fabs are expected to begin production. While most intend to use LTPS (low temperature poly-silicon) TFTs, there is a growing interest in the use of a-Si (amorphous silicon) TFTs as backplanes for AMOLEDs. The report describes how AU Optronics has already produced an AMOLED using an a-Si backplane and explains in what conditions a-Si may be successfully adopted. DisplaySearch predicts that passive matrix OLEDs (PMOLEDs) will have moderate success in niche applications such as mobile phone sub-displays and in car-audio consoles and industrial markets.

The report shows that after reaching parity with small/medium TFT LCDs, the technology will begin to move into larger sizes as the OLED substrate sizes shift into the 3rd and possibly 4th generation.

The report describes recent and upcoming activities of companies that are spearheading various segments of the OLED market:

-- Material development and supply -- Kodak, CDT (Cambridge Display Technology), and UDC (Universal Display Corporation), Covion, Dow, Sumitomo and Toyo Ink

-- Active matrix OLEDs -- Sanyo Kodak Display, Pioneer, TMDisplay, Seiko Epson, Sony and Samsung (SDI)

-- Passive matrix OLEDs -- RiTdisplay, Pioneer, Samsung/NEC (SMND) and Philips

-- Equipment -- Tokki, Ulvac, Aixtron, Litrex, MicroFab and Seiko Epson

What's more, this year's report boasts a broad array of new and updated information:

-- Six-year forecast for revenue, units and prices for AMOLEDS

and PMOLEDs.

-- Results of our capacity model detailing the activities of over

30 companies planning or producing display products.

-- Assessment of the gains in LTPS and its future roadmap.

-- Manufacturing process flow for evaporation, IJP and

laser-induced thermal imaging.

-- State of the materials supply, with color gamut, efficiency

and lifetime by material supplier.

-- Six-year forecast of organic material utilization and revenues

for small molecule and polymer.

-- Profiles of display manufacturers, equipment suppliers,

researchers and material providers.

-- Evaluation of top and bottom emission techniques and the use

of LTPS and a-Si TFT backplanes.

-- Current status of material and process licensing.

The 2002 Organic Light Emitting Display (OLED) Technology Report is priced at $3,000-$3,500. To view the Table of Contents, please visit: http://www.displaysearch.com//sample_files/OLED2002_TOC.html. The OLED Emitter, a monthly newsletter dedicated to reporting the latest news on OLEDs, is also available for $995-$1,995.

For more information on any DisplaySearch product or service, please contact us:

    TEL: 512/459-3126
    FAX: 512/459-3127
    Email: info@displaysearch.com
    Web: www.displaysearch.com

DisplaySearch will be exhibiting this and other reports in Japan for LCD/PDP International from Oct. 30-Nov. 1, 2002. Stop by Booth #173 to receive a free sample newsletter and brochure. For more information, please contact Mitsuhiro "Mickey" Kato at TEL: 045-972-6919 or email: mickey@displaysearch.com.

About DisplaySearch

Founded in 1996, DisplaySearch is the worldwide leader in FPD market research and consulting. Because DisplaySearch surveys the entire display food chain -- component suppliers, equipment suppliers, panel suppliers, OEMs, brands, distributors and retailers -- it has a unique and highly sought-after viewpoint attracting a growing number of customers. By providing the industry's most valuable market forecasts, technology assessments, surveys, conferences, studies and analyses, DisplaySearch has acquired -- in just six years -- a customer base of more than 500 companies in 20 countries.