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OLED Market - Emerging Trends & Global Industry Forecast to 2024

Author : Ronak Bora | Published Date : 2019-04-10 

The demand for Global The demand for Global OLED Market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

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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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 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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Government support for the development of low power-reliant technologies is a major driver to the OLED market growth in the Europe region. For instance, in January 2017, the EU launched project LO LOMID (Large cost-effective OLED micro-displays and their applications) that aims to develop next-generation micro-displays for VR and AR applications. 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.

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.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/oled-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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