OLED is also known as Organic Light Emitting Diode is a flat light emitting technology which is developed by placing thin organic films between two conductors. OLED technology is getting more popularity day by day since they are comparatively thinner, brighter, lighter in weight, more power efficient and offer higher contrast as compared to the LCDs. OLEDs offer wide viewing angles, faster response time, higher contrast ratios and more saturated colours to enhance viewing experience of end users. OLED technology helps the end user to create flexible display and lighting panels.
The major driving factors that are boosting the growth of OLED displays are their use in smartphones which include the benefits offered by these displays like energy-efficiency, readability in sunlight, and have easier recycling process than LCDs. AMOLED screens have more contrast, as the light on the screen is generated from each individual pixel rather than a backlight, which consumes less power. Organic light emitting diode (OLED) has number of advantages over the conventional LEDs. It has wide range of applications in many end-use industries because of its ability to produce even greater brightness, more flexibility, and better colour performance. OLEDs are used to create digital displays in devices such as computer and television screens, and devices such as smartphones, game consoles and others. The ease of operation and convenience is making OLED more popular in electronics vertical. There has been rapid Investments in OLED market, as OLED displays offer the best image quality and enables future roll able and foldable displays. Its ultrathin, self-emission, and light features are making OLED suitable for various applications. They are also used in automobile sector to manufacture back-window alerts, rear-view mirrors, and dashboard displays. The restraining factors responsible to hamper this market is that OLEDs are more expensive as compared to LED and LCD products.
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Key players in this market are Samsung Electronics (South Korea), Universal Display Corp. (US), BOE Technology (China), Acuity Brands (US), LG Display (South Korea), AU Optronics Corp. (Taiwan), OLED Works (US), Tianma Microelectronics (China), and Konica Minolta Pioneer OLED (Japan).
Global OLED Market has been segmented on the basis of technology, application areas, by type of end user and region. Based on the technology it is segmented as AMOLED and PAMOLED. Based on application verticals it is segmented into Smartphones & Tablets, TV, Laptops & Monitors, Wearable, Lighting, and Others. On the basis of type of end user, the market is segmented as Consumer Electronics, Automotive, Sports & Entertainment, and Others. The region in focus is entire world market. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the OLEDs in global market. The competitive landscape section of the report captures and highlights the recent developments within the market.
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Key questions answered in this research report:
1- At what pace is Global OLED market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in global OLED market?
4- What are the various application areas and how they are poised to grow?
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