Global OLED Display Market 2015-2019 - Increased Spending on R&D with LG Display, RiTdisplay, Samsung Display, Tohoku Pioneer & Visionox Display Dominating

News provided by

May 15, 2015, 10:09 ET

DUBLIN, May 15, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/ft3lp5/global_oled) has announced the addition of the "Global OLED Display Market 2015-2019" report to their offering.

The Global OLED Display market to grow at a CAGR of 18.7% over the period 2014-2019

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 colors 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.

The leading market vendors such as Samsung Display and LG Display have increased their investment in the R&D of OLED displays. In addition, vendors are developing a set of technology standards for every end-product through an effective R&D process. The increased R&D spending has led to the development of advanced versions of OLED displays, which are used for new applications. This has in turn attracted many customers, thereby increasing the profitability of vendors.

According to the report, OLED displays offer sharper images, better contrast ratios, crisp colors, and faster refresh rates than any existing display technology. They also use less power and are compact and thin. OLED displays, especially for TVs, offer a viewing angle of 180 degrees. As the benefits of OLED displays become more prominent, the demand for OLED manufacturing equipment is expected to increase.

Further, the report states that the high cost of production is a major hurdle for market growth.

To calculate the market size, the report considers revenue generated from sales of OLED displays used in the following devices:

Mobile devices (smartphones, tablets, and other mobile devices)
TVs
PCs, laptops, and desktops
PIDBs
Others (game consoles, audio/video players, automobiles, and other consumer electronics appliances)

Key Vendors