[Press Release] Foldable OLED Market Grows Fast to US$ 24.6 Billion by 2023
5G communication technology introduced from next year can process higher image quality and large-capacity contents such as VR more rapidly, besides real-time streaming service. As the communication speed increases, the relevant contents, are expected to be released, which require high resolution and large screen with graphics detailed.
The current smart phone is getting bigger up to 6 inches, but it is not enough for 4K resolution of 5G communication age. Since 4K resolution is to be possible at 7-inch and larger displays, they might be the most suitable product for the 5G communication era. Foldable smart phones are digital convergence products that can function as smart phones and tablet PCs as the next generation mobile devices that use 7 inch or more displays but maximize portability.
Owing to foldable OLED, foldable smart phones are likely to be available. Several companies have rushed to produce various prototype foldable OLED displays at exhibitions and conferences. A few panel makers even pledged to mass-produce foldable OLED displays competitively. OLED display companies worldwide including Samsung Display have invested enormous development costs in order to preempt the next generation product market, and now foldable OLEDs are starting to appear.
Samsung Electronics, which is leading the OLED smart phone market, is planned to launch the in-folding type foldable phone for the first time in the world next year. Accordingly, Samsung Display has prepared 1.5R foldable OLED. For Samsung Electronics, which has suffered sluggish sales of the Galaxy S series, Foldable Phone is a super premium product that needs to be succeeded.
<Expected structure of Samsung Electronics’ in-folding type foldable phone>
Source: Foldable OLED Report, UBI research
Yi said, “The rapid growth of
the foldable OLED market is due to the fact that 7-inch and larger smartphones,
which can support 4K resolution, become required products in the 5G
communication era. Accordingly, the value of OLED panel makers will be
determined by the success of foldable OLED production.”
<Foldable OLED Market
Source: Foldable OLED Report, UBI Research
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