Samsung Display to Mass Produce OLEDoS from 2024
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed.
Samsung Display, which has been lukewarm towards OLEDoS displays thus far, is expected to establish a mass production system for OLEDoS panels from 2024, after starting a pilot line in 2023. We also predict that the firm’s technology direction will shift from W-OLED to RGB. We believe that mid/long-term benefits will emerge for related value chains.
Samsung Display to mass produce OLEDoS from 2024
Recently, interest in OLEDoS panels from global set and display makers has been expanding. In particular, Samsung Display, which has been lukewarm towards OLEDoS panel development thus far, is expected to start full-scale technology development and investment in 2023, which should benefit related domestic OLED value chains.
It is known that Apple will release an XR device equipped with Sony’s OLEDoS panel in 2H23, and there is a possibility that Samsung Electronics will release an XR device using a Chinese display maker’s OLEDoS panel as early as 1H23.
Not only Samsung Display and LG Display, but also Chinese display makers have hiked their interest in OLEDoS panels. In particular, we expect Samsung Display to complete an OLEDoS pilot line in 2023 and have mass production ready in 2024.
OLEDoS technology focus to shift from W-OLED to RGB
The technology direction of OLEDoS panels is set to evolve from the W-OLED method using color filters to the RGB deposition method using FMM. Currently, most display makers, except for APS Holdings and EMAGIN, use W-OLED technology.
In the case of Samsung Display, we expect the firm to start off producing W-OLED panels, but switch to RGB panels from as early as 2025. The fact that the firm recently established a development team for RGB-type OLEDoS panels confirms such a prediction.
In line with such a development, APS Holdings (FMM), AP System (deposition and encapsulation process equipment), Sunic System (deposition equipment), and Innox Advanced Materials (process material) are predicted to benefit.