Business News | Sep 06, 2006

OLED shipments up 15% in 2Q 2006, but revenues down 14%, says research firm

Worldwide OLED (Organic Light Emitting Diodes) shipments grew 15% on-year to 16.1 million units in the second quarter of 2006, but revenues experienced an annual decrease of 14%, according to research firm DisplaySearch.

On a quarterly basis, the global OLED display market enjoyed on-quarter growth of 44% in shipments in the second quarter, buoyed by a 48% jump in the handset-use sub-display application and 36% growth in MP3 player applications, said the market research firm.

Passive-matrix OLED (PMOLED) continues to dominate the market with a revenue share of over 98%, DisplaySearch stated. There are 23 small molecule and two P-OLED producers with small molecule having a 97% revenue share, the research firm indicated.

Of the world's top-five OLED makers, LG Electronics (LGE) led in unit shipments and revenue in the second quarter, followed by Samsung SDI and Taiwan's RiTdisplay. LGE shipped 3.6 million OLED displays and generated US$27.5 million in revenues during the quarter. Pioneer moved up to the third position in the second quarter, when Univision ranked fourth in revenues with an on-quarter jump of 361%.

Top-5 OLED manufacturers' revenue and market share growth, 2Q 2006
(US$m)
Rank Company 2Q06 revenues (US$m) Market share Y/Y Q/Q
1 LGE 27.5 24.6% 200% 177%
2 Samsung SDI 22.4 20.0% (49%) 19%
3 Pioneer 17.0 15.2% (28%) 14%
4 Univision 13.8 12.3% 22% 361%
5 RiTdisplay 13.7 12.3% (45%) (22%)
Others 17.5% 15.6% (2%) 33%
 Total 112.0 100.0% (14%) 45%

 

Source: DisplaySearch 

Handset-use sub-displays and MP3 player displays accounted for almost 90% of total OLED shipments in the second quarter. Of the remaining applications, handset-use main displays and industrial applications showed strong growth during the quarter, but volume remained low.

Top-5 OLED applications: Shipments, market share and growth, 2Q 2006
Rank

Application

2Q06 shipments (k units)

Market share Y/Y Q/Q
1 Sub-display 7,961 49.4% 16% 48%
2 MP3 6,460 40.1% 6% 36%
3 Main display 853 5.3% 157% 89%
4 Car audio 394 2.4% (14%) (15%)
5 Industrial 296 1.8% 385% 492%
 Others 140 0.9% 2% 4%
 Total 16,104 100.0% 15% 44%

 Source: DisplaySearch

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