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Global OLED Display Market to Accelerate Due to Growing Application in Aerospace and Automotive Industries

Article Description

Advancement in manufacturing induced a remarkable change in the way technology is perceived by customers around the globe. In the mid-1980s, Eastman Kodak
pioneered the OLED technology that denoted the arrival of flexible consumer electronics products. Different from the traditional light emanating diodes,
OLED utilizes organic substances which glow on the introduction of electricity. This revolutionary material is an indispensable part of the new design
approach that is predicted to intensely decrease the weight and thickness of the television. OLED displays are light in weight, more slender, and they
offer a discernible change in the performance of color when compared with liquid crystal displays, otherwise called LCDs. The slender and more flexible
OLED displays are progressively incorporated in smartphones and televisions.

A recent report on the global market for OLED display for TV panels says that the market will
experience steady growth during the next decade, at a remarkable 25% CAGR from 2015 to 2025.

Plastic and Flexible Displays: A Significant and Evolving Technology

LED displays are slender, light in weight, and offer better performance of color as compared to backlit liquid crystal displays (LCD). OLED displays are
now produced in bulk for cellular telephones, and OLEDs will keep gaining market share, progressively inching ahead of LCD technology. The consequent
advancement will be plastic and flexible displays. IDTechEx predicts the first flagship phone having a flexible display to ship in 2017. In view of this
situation, the market for plastic and flexible AMOLED displays will surge to US$16 billion by 2020.

The boom of plastic and flexible displays will be guided by a shift from glass substrates to plastic substrates such as polyimide. In spite of this,
glass-based displays will remain a vital technology, particularly in TV applications where scale-up and cost diminution are still huge difficulties. Curved
and flat OLED TVs were recently introduced by Samsung and LG. Although manufacturers investing in R&D pertaining to LCD backlights enhanced with
quantum dots, these latest ‘quantum dot LCD’ TVs will be a less expensive redesign from existing sets. In any case, the market for OLED TV panels will
experience consistent development throughout the following decade, with an anticipated 25% CAGR.

Automotive and Aerospace Application Sectors Predicted to Demonstrate Highest Growth Rate

The global OLED display market, by application, can be segmented into: Automotive and aerospace, mobile phone displays, TV panels, tablet and notebook
displays, industrial and professional displays, wearable electronics, microdisplays, and others.

Market analysts forecast that the automotive and aerospace application sectors will represent the highest growth during the forecast horizon, followed by
TV and wearable electronics. The application sector of microdisplays, tablets, and notebook will also exhibit a good growth rate. A moderate growth rate
will be registered in the mobile phones and other applications segments.

Some of the top players operating in the global OLED market are Heraeus, Beijing Aglaia Technology Development Co., Mitsubishi Chemical Corporation, Jilin
Optical & Electronic Materials Co., Daejoo Electronic Materials Company, Universal Display Corporation, Dow Chemical, Konica Minolta, and Toray
Industries.

Browse the full Global OLED Display Market report at http://www.mrrse.com/oled-display-forecast