OLED Market Will Grow at a Healthy CAGR by 2025 Profiling Samsung Electronics, OLEDworks, LG Display. Osram, Universal Display Corporation, Pixelligent Technologies, Panasonic Corp, Acuity Brands Lighting, and Acuity Brands Lighting

The OLED Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Products available in the OLED market require substantially less power as they do not require back-lighting. These systems consume approximately 40% of an LCD displaying an image which is primarily black, providing massive savings on the spending of electricity and usability of battery powered portable products for longer durations of time.

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The rising adoption of AR/VR headsets due to their applications in training and entertainment applications has aided in the substantial growth of the OLED market. These micro-displays have an image refresh rate or 120Hz and a latency of 10 microseconds, allowing them to be ideal for fast-paced personnel training and highly reactive gameplay.

The segmentation of the OLED market by material comprises PMOLED and AMOLED. The AMOLED contains a storage capacitor that maintains the line pixel states, allowing large size and higher resolution displays. These systems, as a result, can be made much larger than PMOLED allowing for the high growth in the consumer electronics applications.

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Automotive applications are anticipated to have substantial growth due to their demand in lighting such as the July 2017 launch of Audi’s A8 luxury sedan series. These panels consume less trunk space and are more visible to oncoming vehicles and pedestrians, boosting safety.

The Asia Pacific OLED market is anticipated to exhibit the highest growth owing to the presence of key players such as Samsung and LG corporation. Additionally, rapid industrialization has aided in the increase in the economic conditions of countries in the region, allowing consumers to increase their spending on luxury products and high-end technologies.

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Players operating in the OLED market include Samsung Electronics, OLEDworks, LG Display. Osram, Universal Display Corporation, Pixelligent Technologies, Panasonic Corp, Acuity Brands Lighting, and Acuity Brands Lighting. The OLED market is currently in the nascent stage and industry vendors are required to invest in strategies such as mergers, partnerships, and product developments to sustain substantial growth over the forecast timespan.

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