Market research firm DSCC reported on Jan. 21 that the global flexible OLED market share of the top two Chinese display manufacturers is forecast to exceed that of the top two South Korean display manufacturers in 2025.
In 2016, Samsung Display and LG Display accounted for 87 percent and 13 percent of the market, respectively. However, Chinese display manufacturers have rapidly increased their market share since 2019. The size of the market is expected to grow from US$18.29 billion to US$32.7 billion from 2019 to 2023.
Last year, Samsung Display accounted for 60 percent of the market, followed by LG Display (16 percent), BOE (15 percent), Visionox (3 percent) and CSOT (2 percent). The market shares of BOE, LG Display and Samsung Display for this year are estimated at 23 percent, 15 percent and 48 percent, respectively.