14 December 2018
– The Global
OLED Display Market is anticipated to grow at a significant CAGR
of 24.6% in the forthcoming period due to the rising popularity of OLED
displays, declining cost of the product and shift in consumer preferences for
compact size & weight of display devices. OLED display offers advantage
such as low power consumption, compact size, reduced weight, portability and
superior performance.
These factors are expected to drive the market growth in
upcoming years. However, growing competition in the market, complexity involved
during manufacturing processes and introduction of other technologies such as
Low Temperature Poly-Silicon (LTPS), Digital Light Processing (DLP), and Color
Filter (CF) TFT LCD displays are restraining market growth to a certain extent.
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OLED technologies such as passive-matrix organic
light-emitting diode (PMOLED) and active-matrix organic light-emitting diode
(AMOLED) are gaining traction among various end-user segments. Passive-matrix
organic light-emitting diode (PMOLED) displays are increasingly used in
application involving small-sized displays such as MP3 players and displays.
Active-matrix organic light-emitting diode (AMOLED) is the
preferred technology that is widely adopted in displays of mobile phones and
TVs. Active-matrix organic light-emitting diode (AMOLED) are also adopted in
portable gaming machines bigger size and higher resolution. Other advantages of
OLED include cost efficiency and lower power consummation. Mobile phones have
penetrated in the OLEDs with overall eighty percent market share.
The recent technological advancement in the electronic
manufacturing sector coupled with development of novel products &
techniques such as compact OLED glass substrates with reduced thickness are
expected to fuel market demand of OLED displays in the upcoming years.
Increasing investment by industry participants for research & development
of OLED display modules to gain competitive edge over their counterparts is
propelling market growth. Globally, the market is predicted to generate massive
revenue in the forecast period, providing numerous opportunities for market
players to invest in development of the OLED display market.
The key players in the OLED display market are LG
Electronics Inc., Samsung Co., AU Optronics Co., BOE Technology Group Co.,
China Star Optoelectronics Technology (CSOT), Inc., EverDisplay Optronics (EDO)
Ltd., Japan Display, Inc., RiTdisplay Co., Universal Display Co., and Visionox
Technology Inc.
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Market Segment:
The market is divided
into the following segments based on geography:
• Americas
• APAC
• EMEA
Global OLED Display Market 2018-2022, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming years. The
report also includes a discussion of the key vendors operating in this market.
Key vendors
• LG Display
• Samsung Electronics
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