DSCC updates their OLED forecasts up, sees over $60 billion in revenues by 2022.

Market research company DSCC has updated their OLED models, as the company sees more capital spending then before and a larger OLED market going forward.

The OLED market in general will grow 57% in 2017, according to DSCC, to reach $23.2 billion. Growth will continue to be strong with a 50% increase in 2018 (to $34.9 billion) and a CAGR of 27% from 2016 to 2022. In 2022 the market will surpass $60 billion.

Specifically for the OLED TV market, DSCC sees LG increasing its capacity and shifting its product mix to meet demand. OLED TV panel shipments will grow at a CAGR of 49% between 2016 to 2022 to reach 9.5 million units (and $5.9 billion in sales).

The main market for OLED displays will remain smartphone displays - in 2022 this market segment alone will generate $54 billion in revenues - with a market share of at least 85%. OLED technology will overtake LCD in 2020 and by 2027 all smartphones will adopt OLED displays - apparently DSCC does not believe in any next-gen display technology that may replace OLED or at least compete with OLEDs in the future...