OLED Market to Expand at a CAGR of 14.7% to 2020 Due to Rise in Semiconductors Industry

ALBANY, NY, April 21, 2017 : OLED panels are made of organic (carbon-based) materials that emit light when electricity is supplied through them. OLEDs are more efficient, simpler to make, and much thinner than LCD displays, as they do not require a backlight and filters. OLEDs provide good picture quality with brilliant colors, a fast response rate, and a wide viewing angle compared to other display technologies. OLEDs are also used for lighting. OLED lighting panels are thin, efficient, and flat surface structures.

The basic structure of an OLED consists of a cathode that injects electrons, an emissive layer, and an anode, which removes electrons. These lighting panels use flat surfaces, which allow an even distribution of light over a wider space. OLEDs work in a similar way to traditional diodes and LEDs, but instead of using n-type and p-type semiconductor layers, they use an organic substance to produce their electrons and holes.

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Technavios analysts forecast the global OLED market to grow at a CAGR of 14.7% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global OLED market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of OLED displays and lighting panels in the display panel and lighting panel. The report does not consider the contribution of OLED materials while calculating the market size.

The market is divided into the following segments based on geography:
APAC
Europe
North America

Technavio's report, Global OLED market 2016-2020, 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
Samsung
Konica Minolta
Osram

Other prominent vendors
Ason
AU Optronics
BOE
CSOT
First-o-lite
Futaba
Lumiotec
NEC lighting
Nippon Seiki
OLEDWorks
Panasonic
Pioneer
RiTDisplay
Tohoku Pioneer
Toshiba
Universal Display
Visionox Display

Market driver
Superior display quality with low power consumption
For a full, detailed list, view our report

Market challenge
High production cost of AMOLEDs
For a full, detailed list, view our report

Market trend
Shift toward unique display and lighting designs
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.