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OLED market will grow at CAGR 18.7%

Analysts at TechNavio, in a study, say that OLED growth will continue, and enjoying a CAGR of some 18.7 per cent between 2014 – 2019 in the Americas, APAC and EMEA regions.

OLEDs are diodes that use organic materials to produce light. The organic material is packed between conductors that are lit up when electricity is passed through them. OLED display units contain many thin films of several types of organic molecules that produce various colours of light. Unlike LCDs, OLEDs do not require backlights and filters because the light emitted is bright enough for display. OLED display units include multiple layers of organic films depending upon the device’s requirements.

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