Samsung Display expected to increase production capacity of OLED panels by 33% in 2014

Samsung Display is expected to increase its production capacity of OLED panels by 33% in 2014.

Despite strong demand for TFT LCD technology in the market, Samsung believes that OLED will continue to possess technology advantages in the market. The company also reportedly plans to extend OLED panel use in smartphones and TVs developed by Samsung Electronics.

The market for OLED panels is estimated to be worth US$450 million in 2014, up from about US$350 million in 2013, according to market observers. However, the observers believe OLED TV demand will still be weak in 2014, and that Ultra HD LCD TVs will instead lead the high-end TV segment.

Digitimes Research meanwhile said as of the fourth quarter of 2013, Samsung's monthly production capacity of OLED panels as based on its 5.5G line will reach 140,000 substrates, up 30,000 units on year, and will increase another 37,000 units to 177,000 by fourth-quarter 2014.

http://www.digitimes.com