Next Generation TV Panels: New Technologies, Features and Market Impact Market and Technology Report 2019 Sample © 2019 TABLE OF CONTENT Part 1/3 About the authors: P3 Narrow Band Phosphors, Notch Filters, Others P90 Context & Objective: P4 Quantum Dot Color filters (QDCF) P96 Executive Summary: P8 o Challenges, Status o SWOT analysis Forecasts: MiniLED Backlights P101 o 2018-2025 TV size breakdown, Panel Area, features (8K, HDR, Wide Color Gamut, Large Panels) o Dimming zones and Number of LEDs o 2018-2023 TV Panel Capacity by Fab Generation, by Region, by Company, by o Local Dimming Challenges Technology o How many miniLEDs? o TV Panel Supply Vs Demand 2018-2023 o Assembly Major Panel Maker strategy: Samsung, LG, CSOT, BOE, AUO, Innolux/Sharp o Supply Chain / key players o SWOT Analysis Glossary: P57 Dual Cell LCD P117 The Quest for Improved Display Visual Experience P62 o Cost o Advanced TV Features o Power Consumption o Volume and Revenue by Price Band o SWOT Analysis Emerging Technologies Overview P69 OLED P126 o LCD and OLED o RGB OLED o Evolution o White OLED o New Self Emissive Technologies o Top Emission / Bottom Emission Quantum Dots Films o OLED Materials P78 o Ink Jet Printed RGB OLED. o Overview, quantum dots - benefits o Inkjet Printing Tools for Display Manufacturing o Implementations, Film Structure and Requirements o Inkjet Printing Potential Cost Benefits o Perovskites o RGB Inkjet vs WOLED Evaporation Process comparison o SWOT Analysis o Focus on JOLED o QD Film Supply Chain o OLED Roadmap o RGB OLED SWOT Analysis Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 2 TABLE OF CONTENT Part 2/3 QD-OLED. P143 Synergies Between Emerging display Technologies P182 • From QD Color Filters to QD OLED • Quantum Dot Patterning • Benefits and Challenges • Inkjet Printing • SWOT Analysis • Alternative to Inkjet Printing: Organic Vapor Jet Printing Panel Makers’ OLED Strategies P147 • TFT Backplane • Capex comparison Electroluminescent Quantum Dots P150 • Emerging TFT: PLAS • RGB EL-QD versus OLED Emerging Display Features P190 • Materials • Large Panels • Other Challenges • 2017-2025 TV Size Breakdown Forecast • Hybrid OLED / EL-QD • TV Size Vs Price • SWOT Analysis • 2018-2023 TV Panel Capacity Forecast by Fab Generation, Region, MicroLED P159 Company • MicroLED displays • Generation 8 Substrates Cuts • Benefits • Generation 10.5 Substrate Cuts • Assembly • List Of G10.5 Fabs • Challenges • Options For Large Panels (65” and above) • Major Manufacturing Technology building blocks • Generation 8 Multi-Mode Glass Cut • Die Size • Focus on 65” and 75” Panels • Major Types of MicroLED Assembly and Transfer Processes • Impact on Legacy G5 to G8 fabs • Technology Trends and Status • Key Players’ Manufacturing and Capex Strategies • Time Evolution Of Patent Publications • Focus: LG Display and Samsung. • Major Players By Technology Node • Escaping the Large Panel Fab Conundrum: MicroLED Modular TV • Supply Chain: Overview, Requirement, Scenarios • Modular MicroLED TV With MicroDriver Ics • SWOT Analysis • Modular MicroLED TV on TFT Backplane • Supply Chain Disruption Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 3 TABLE OF CONTENT Part 3/3 TV Resolution P223 High Dynamic Range (HDR) 267 • Panel size, Viewing Distance and field Of View • Angular Resolution • Viewer’s Preference • Is 8K Needed? • UHD Alliance Requirements • Current Challenges for 8K: Building the Plane While Flying? • 8K Challenges for LCD: Power Consumption, TFT and Drivers • Transfer Function • 8K Challenges For OLED: Top and Bottom emission • Tone Mapping - Signal Delivery • 8K Challenges for MicroLED • Major HDR Delivery Standard • 8K Adoption Trends • 2018-2025: TV Panel Resolution Forecast, 8K Breakdown by Panel • HDR Ecosystem Size. • Panel Makers’ 8K Technology Roadmaps • Challenges for Displays • Conclusions • OLEDVS LCD The Better Pixel P245 • HDR and HDR Compatible Wide Color Gamut (WCG) P249 • 2018-2025 HDR TVVolume Forecast • UHD Alliance Requirements • Color Volumes The Better Pixel: Discussion P284 • Emitters and Color Gamut (OLED, QD, Phosphors…) • Contrast or Color? • WCG Technology Benchmark • OLED Resonant Micro-Cavity • The Best of Both Worlds? • Performance of Commercially Available TV (2019) • OLED and LCD • Quantum Dot Film Price Evolution • Emerging Self Emissive Technologies • Quantum Dot Film and Narrowband phosphor Adoption • 2018-2025 WCG Technology Breakdown Forecast • Technology Roadmap for High-EndTV • Possible disruptions • Major TV Makers’ Wide Color Gamut Technologies Yole Group Presentation P291 Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 4 CONTEXT The TV market is at a crossroad with stagnating unit volume sales, commoditization and looming extended excess capacity. All translate into shrinking profitability while the industry remains extremely capex intensive. The industry therefore is striving to develop new features to trigger a replacement cycle and compel consumers to upgrade their TVs with newer and more expensive models. Individual players are all striving to differentiate. LCD technologies dominate with close to 99% of the market by volume in 2018. However, an unprecedented number of new display technologies are emerging, all credible potential candidates to deliver those new, high added value features and steal the crown for the next generation of TV display technology. Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 5 OBJECTIVE OF THE REPORT The objective of the report is to present and analyze those new TV features, understand which technologies are best positioned to deliver them, and look at the intersections to understand the impact and possible strategies for the leading panel makers Present and analyze emerging display Present and analyze new TV features technologies and determine how well expected to compel consumers to positioned they are to serve each of the upgrade their TV new desired TV features Analyze the intersection of new features and emerging technologies: what are the implications in terms of panel makers’ strategies, technological and manufacturing choices and impact on the supply chain. Which are the best technologies? Who owns or champions them? Which ones will dominate ? What manufacturing strategies are deployed by individual panel makers? How can Korean and Chinese manufacturers defend against the rise of Chinese manufacturers? What are the capacity constraints? Over-spending risks? Etc.… Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 6 CONTENT Technologies TV features Other analysis • Quantum Dot Films • Panel sizes • Large panel capacity • Quantum Dot Color filters • 8K analysis and trends: • Perovskite • Wide color gamut and color • breakdown by • Narrowband phosphors volume technology • Notch filters • High dynamic range (black • Company • Dual cell LCD levels and peak brightness, • substrate size (fab • miniLED HDR delivery) generation) • microLED • country • WOLED • Not covered: 3D, reduced • Key player strategies for • RGB OLED motion blur technology and • QD-OLED manufacturing • EL-QD For each: For each: Detailed description, key Trends, adoption rates, players, supply chain, SWOT technology breakdown and analysis. volume forecast. Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 7 STRUCTURE OF THE REPORT • Overall synthesis and key points Executive summary • Unique analysis and forecast • LCD upgrades: QD film, narrow band phosphors miniLED, Dual cell… Overview and analysis of emerging • OLED: WOLED, RGB OLED, QD-OLED… TV technologies • Other self emissive: EL-QD, microLED • Large panels Overview and analysis of emerging • 8K TV features • Wide color gamut • High dynamic range Next Generation TV Panels: New Technologies, Features and Market Impact | Sample | www.yole.fr | ©2019 8 ABOUT THE AUTHORS Biographies and contacts EricVirey Eric Virey, PhD serves as a Principal Display Market and Technologies Analyst within the Photonics, Sensing & Display division. Eric has spoken in more than 50 industry conferences over the last 10 years and has been interviewed or quoted in multiple media including: The Wall Street Journal, CNN, Fox News, CNBC, Bloomberg, Financial Review, Forbes, Technology Review, etc. Prior to joining Yole, Eric held R&D, engineering, manufacturing and marketing positions with Fortune 500 Company Saint-Gobain in France and the United States. Eric received a PhD in Optoelectronics from the National Polytechnic Institute of Grenoble. He is based in Portland, OR. Contact: [email protected] Dr. Zine Bouhamri As a technology and market analyst for the display industry, Dr. Zine Bouhamri is a member of the Photonics, Sensing and Display division at Yole Développement. Zine manages the day-to-day production of technology and market reports, as well as custom consulting projects. He is also deeply involved in business development activities for the Displays unit at Yole. Previously, Zine was in charge of numerous R&D programs at Aledia. In his time there he developed strong technical expertise as well as a detailed understanding of the display industry. Zine is the author and co-author of several papers and patents. Dr. Bouhamri holds a degree in Electronic Engineering from the National Polytechnic Institute of Grenoble (France), one from the Politecnico