OLED display market set for strong growth
November 24, 2014
By Chris Forrester
Organic Light Emitting Diode (OLED) displays and smart-phone/tablet screens are going to see “spectacular” growth rates over the next few years according to a stud from Infiniti Research/TechNavio. The analyst firm say that the global OLED display market will grow at a CAGR of 36.7 per cent in the period to 2018.
The global OLED Display market is nearing commercialisation and is expected to grow at a high rate during the forecast period.
The report states that increased adoption of OLEDs in large-screen displays is one key trend emerging in this market. Because the average selling price of OLED displays is decreasing, manufacturers are adopting this technology across large-screen displays such as TVs and PCs.
According to the report, one of the major drivers in the market is the inherent advantages of OLED displays such as low power consumption, eco-friendliness, bright picture, and flexibility which have prompted manufacturers to adopt OLED technology across various devices.