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Global Organic Light Emitting Diodes (OLED) Market to be driven by Growing Demand for Smartphones

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Published on : May 16, 2016

ALBANY, New York, May 16, 2016: The report, titled “Global Organic Light Emitting Diodes (OLED) Market Report: 2016 Edition,” points out the key factors impacting the demand for organic light emitting diodes. The report projects the future outlook of the market by analyzing the demand and supply of organic light emitting diodes across various regions with the help of analysis tools and primary and secondary research methods. Profiles of some of the major players in the market have been included in the report.

Display panels are widely used across desktop monitors, mobile phones, LCD TVs, plasma TVs, CRT TVs, and OLED TVs. In fact, LCD TVs are the largest users of display panels, followed by mobile phones and mobile PCs. Organic light emitting diode, better known as OLED, implements an emissive electroluminescent layer comprised of an organic compound film that activates light emission via an electric current. The organic compound film is installed between two electrodes. In the field of digital display, OLED is the latest technological application is being increasingly used across the smartphones, latest television screens, portable gaming consoles, tablet-PCs, and digital cameras.

The global organic light emitting diodes market is dynamic with a number of factors impacting the growth of the market. The report states that rise in per capita disposable income and accelerating economic growth have augmented the growth of the market. The growing number of smartphone users and rise in smartphone applications have fuelled the demand for OLED. Rise in demand for OLED televisions has contributed significantly towards the growth of the market.

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Further, increased spending in research and development of OLED by market players will propel the market’s growth in the near future. The introduction of QLED as the next-generation display technology is being observed as the latest trend in the market. QLED or quantum dot light emitting diodes consist of nano-scale crystals and are emerging as a potential alterative to OLED. Introduction of flexible substrate and soluble printing technology, the growing demand for energy-efficient and eco-friendly products, discount for large OLED panels, and technological advancements are expected to further boost the market’s growth. However, high manufacturing cost of OLED and technological issues will restrain the growth of the overall market in the near future. 

Describing the competitive landscape, the report profiles the three major players in the global organic light emitting diode market such as Samsung Electronics, LG Display, and Au Optronics. Insightful details about the key players including their company overview, business segmentation, revenue segmentation, product portfolio, business strategies, and recent developments have been included in the report. The report further analyzes market share held by each of the key players in terms of OLED TV and OLED mobile panel. 

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