OLED Market: Emerging Market Trends, Size, Share and Growth Analysis
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The rapidly growing use of Organic Light emitting diode (OLED) in the smartphones and TVs are driving the growth of OLEDs market. The OLEDs are vastly being accepted in the manufacturing of TV displays. They provide better durability with the best quality image. The use of OLED also facilitates in low power consumption and the displays can be made more transparent and flexible. In addition, advancements in the display technology and the growing demand for OLED displays in wearable are escalating the growth of Organic Light emitting diode (OLED) market all over the world. In addition, declining prices of OLED and the rise in demand with the affordability of consumer electronic goods are projected to create several growth opportunities in this market.
Market Segmentation by Type
The several types of OLED displays and lighting systems are used in the vehicles including Dashboard displays, Heads up displays, internal lighting, Digital rear-view internal mirrors and others. The rising adoption of smartphone mirroring technology and Government concerns to improve the vehicle safety standards are anticipated to escalate the growth OLEDs market.
Among the geographies, Asia Pacific accounted for the highest market share in 2017 and is expected to remain dominant throughout the forecast period. The innovations and advancements in the consumer electronics sector across this region drive the growth of Asia Pacific OLED market. In addition, increasing demand for consumer good products such as T.V, smartphones and wearable products and the rise in spending power capacity among the population contributes to the growth of this market.
The report provides profiles of the companies in the global OLED market such as OLED works, Samsung Electronics, Tianma Microelectronics, Acuity Brands, LG Display, Konica Minolta Pioneer OLED, Osram, AU Optronics and Universal Display Corporation.
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