Published on : Aug 01, 2016
ALBANY, New York, August 01, 2016: ResearchMoz.us has added a new report, titled “Global OLED Market 2016-2020,” to its offering. This report provides the development prospects of the market in the forecast period and also throws light on the key trends influencing the growth of the market. For calculating the size of this market, the revenue generated from the sale of OLED displays and lighting panels in the forecast period has been taken into consideration. The market landscape section describes the prime vendors in the market and evaluates them on the basis of their product offering, company profile, and contact information.
As per the report, the global OLED market is predicted to expand at a remarkable 14.70% CAGR between 2016 and 2020. The introductory section of the report provides the prime market highlights and also presents a comparison of different types of display technologies. In addition, the prime types of OLEDs as well as the product lifecycle of OLED technology have also been discussed under this section of the study.
In terms of technology, the report segments the global OLED market into PMOLED and AMOLED. Of these, the segment of AMOLED led the market in 2015, constituting a share of over 94%. The reason for the superiority of this segment is the rising employment of AMOLED screens in HTC, Nokia, Sony, and Samsung smartphones owing to their low power consumption.
By application, the report categorizes the market into lighting panels and display panels. Amongst these, the segment of display panels held an overwhelmingly dominant share of 99% in the market in 2015. This is owing to the growing adoption of OLED display panels in smart watches and smartphones.
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Geographically, the report segments the global OLED market into Europe, Asia Pacific (APAC), and North America. Amongst these, the Asia Pacific OLED market led in 2015 and is predicted to constitute a revenue share of approximately 51% by 2020. The reason for the expansion of this market in APAC is the presence of an increasing number of leading vendors such as Samsung and LG within this region.
In the following section of the report, the key drivers, inhibitors, and trends in the market have been presented. The increasing penetration of sophisticated displays featuring low power consumption is a chief factor driving the growth of the global OLED market. The growing shift towards advanced displays and lighting designs globally is a key trend seen in the market. On the other hand, the skyrocketing costs of AMOLEDs may hamper the growth of the overall OLED market, as per this study.
In the last section of the report, the prime vendors dominant in the global OLED market have been presented. These are Samsung, LG, Konica Minolta, Ason, Toshiba, Osram, BOE, CSOT, and AU Optronics, among others.
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