OLED Market in China to Grow at CAGR 38%: TechSci Research Report

01 Mar, 2016, 09:30 ET from TechSci Research

BURNABY, Canada, March 1, 2016 /PRNewswire/ --

Rising investments in OLED manufacturing, increasing governmental support coupled with new technological advancements to drive China OLED market through 2021 

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According to TechSci Research report, "China OLED Market in China By Type, By End Application, Competition Forecast and Opportunities, 2011 - 2021", the OLEDs market in China is projected to register a CAGR of over 38% during 2016 - 2021, on account of increasing usage of OLEDs in allied industries such as smartphones, televisions, tablets & notebooks, automotive, etc. In addition, growing integration of OLEDs in lighting applications in commercial, industrial, residential, etc. segments is also projected to propel growth in China OLED market in the coming years. Increasing technological advancements and rising governmental support are anticipated to increase penetration of OLEDs in the country during 2016 - 2021.

OLED displays accounted for a lion's share in China OLED market, due to rising use of these displays in smartphones, tablets and notebooks. Anticipated growth in demand for consumer electronics in the coming years is projected to increase the deployment of AMOLEDs. Although traditional lighting accounted for a major share in China OLED lighting market, flexible lighting segment is projected to witness robust growth due to high brightness and less power consumption compared to others lighting devices. In 2015, East China region was the largest regional market for OLEDs in China, on the account of large population base in the region. Few of the major companies operating in China OLED market include Samsung Displays, LG Displays, BOE Technology, Visionox, etc.

"A growing number of car manufacturers have started deploying OLED technology in display and lighting products used in vehicles. Car manufacturers are increasingly deploying OLED dashboards for navigation purpose, OLED video entertainment displays, etc., for better image quality and customer experience. OLEDs provide automobile manufacturers with the ability to use improved luminaires and lamp designs in vehicles for tail light, head light, and interior lighting applications. Additionally, smart wearables such as smartwatches and smart glasses are expected to witness increasing OLED adoption in the coming years in China.'’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"China OLED Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of China OLED market and provides statistics and information on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the China OLED market.

About TechSci Research: 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

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SOURCE TechSci Research