DisplaySearch Releases 2006 OLED Technology Report, Forecasts OLED Revenue Over $5.1B in 2009

Business Wire, Feb 8, 2006

AUSTIN, Texas -- DisplaySearch, an NPD Group Company and the worldwide leader in display market research and consulting, has released its 2006 OLED Technology Report. The report presents a comprehensive examination of the fledgling OLED industry, which reached revenues of over $500M in 2005, up 18% Y/Y. The OLED display makers are in transition from passive matrix to active matrix centricity, not unlike LCDs in the early to mid 1990s. The difference is that AMOLED display makers expect to ride the benefits of the existing TFT infrastructure created for LCDs. Two of the major players in OLEDs, Pioneer and Kodak, have recently announced changes in their strategies, shifting their emphasis away from the production of AMOLEDs. The report will show the impact of these changes and how other display makers will shift to AMOLEDs and the impact on the applications targeted by AMOLEDs. It forecasts display units and revenue by

--Application

--Panel Size

--Panel Resolution

--Material Usage

--Active vs. Passive Matrix Driver Technology

--Small Molecule vs. P-OLED

Table 1: OLED Display Revenue by Application (US$M)
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Application                 2005        2007         2009
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Mobile Telephone            34.0        918.2      3,805.3
MP3 Player                 157.6        195.1        260.7
Mobile Telephone Sub       236.2        241.1        268.1
Digital Camera               0.0         37.2        117.6
Car Audio                   59.4         82.9        113.1
Others                      30.9        212.9        544.2
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Total                      518.1       1687.4      5,109.1
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Y/Y Growth                    57%         142%          24%
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The report describes recent and upcoming activities of companies that are spearheading various segments of the OLED market:

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

--Active matrix OLEDs: Samsung SDI, TMDisplay, Sony, AUO, Chi Mei, Samsung SEC, Toppoly, Casio, Canon, Sharp, LG Philips, LCD Seiko Epson, eMagin and MED

--Passive matrix OLEDs: RiTdisplay, Pioneer, Samsung SDI, TDK, LGE, Orion, Kolon NeoView, Ness Display, Univision, Lightronix Lite Array, Truly, Visionox Toppan and others

--Equipment: Tokki, ULVAC, Aixtron, Litrex, OTB, MicroFab, Doo San, Seiko Epson and others

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

--Five-year forecast for revenue, units and prices for AMOLEDS and PMOLEDs

--Results of our capacity model detailing the activities of 50 companies planning or producing display products

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

--Manufacturing process flow for evaporation, ink-jet printing and laser-induced thermal imaging

--State of the materials supply, with color gamut, efficiency and lifetime by material supplier

--Five-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

One of the unique features of the report is a forecast of the OLED capacity by active, passive, SM and P-OLED technology and the associated organic material usage in weight and in revenue, differentiated by emitting and conducting layers for both small molecule and P-OLEDs. The organic material is forecast to grow from $66.0M in 2005 to over $230M in 2009, driven by the increased capacity of the AMOLED display makers.

Table 2: Organic Material Forecast (US$) vs. Display Production
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Type                        Units         2005       2007       2009
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                         2" Panels
Small Molecule Panels       (000)         79.1      213.9       309.3
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                         2" Panels
Polymer Panels              (000)          5.4       22.6        67.5
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                         2" Panels
Total                       (000)         84.5      236.5       376.8
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Small Molecule Material   US$ (000)       57.3      133.3       153.3
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Polymer Material          US$ (000)       12.5       37.9        78.7
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Total                     US$ (000)       69.8      171.2         232
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