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OLED display market to grow at 25% CAGR till 2025

OLED display market to grow at 25% CAGR till 2025

Dec 7, 2015: A recent report on the global market for OLED display for TV panels says that the market will experience steady growth during the next decade, at a remarkable 25% CAGR from 2015 to 2025.

LED displays are slender, light in weight, and offer better performance of color as compared to backlit liquid crystal displays (LCD). OLED displays are now produced in bulk for cellular telephones, and OLEDs will keep gaining market share, progressively inching ahead of LCD technology.

The consequent advancement will be plastic and flexible displays. IDTechEx predicts the first flagship phone having a flexible display to ship in 2017. In view of this situation, the market for plastic and flexible AMOLED displays will surge to US$16 billion by 2020.

The boom of plastic and flexible displays will be guided by a shift from glass substrates to plastic substrates such as polyimide. In spite of this, glass-based displays will remain a vital technology, particularly in TV applications where scale-up and cost diminution are still huge difficulties.

Curved and flat OLED TVs were recently introduced by Samsung and LG. Although manufacturers investing in R&D pertaining to LCD backlights enhanced with quantum dots, these latest ?quantum dot LCD? TVs will be a less expensive redesign from existing sets.

In any case, the market for OLED TV panels will experience consistent development throughout the following decade, with an anticipated 25% CAGR.

The global OLED display market, by application, can be segmented into: Automotive and aerospace, mobile phone displays, TV panels, tablet and notebook displays, industrial and professional displays, wearable electronics, microdisplays, and others.

Market analysts forecast that the automotive and aerospace application sectors will represent the highest growth during the forecast horizon, followed by TV and wearable electronics. The application sector of microdisplays, tablets, and notebook will also exhibit a good growth rate.

A moderate growth rate will be registered in the mobile phones and other applications segments.
Some of the top players operating in the global OLED market are Heraeus, Beijing Aglaia Technology Development Co., Mitsubishi Chemical Corporation, Jilin Optical & Electronic Materials Co., Daejoo Electronic Materials Company, Universal Display Corporation, Dow Chemical, Konica Minolta, and Toray Industries.

For more info: http://www.mrrse.com/oled-display-forecast

None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.

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