ALBANY, N.Y. -- The latest report added to the database of Market Research Reports Search Engine (MRRSE) is titled “OLED Display Forecast 2015-2025: the Rise of Plastic and Flexible Displays” and delivers a bird’s-eye view of the OLED display market. According to the report, the global market for plastic and flexible AMOLED displays is expected to reach market revenue of US$16 billion by 2020.
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The report states that the global market for OLED display for TV panels will experience steady growth during the next decade, at an impressive 25% CAGR during the forecast period of 2015 to 2025.
OLED displays have gained a lot of popularity in the market due to their attributes such as being lighter and thinner and offering better color performance than backlit liquid crystal display (LCD). OLED displays are being mass produced for mobile phones and will continue to gain increasing market share compared to the LCD technology.
According to market analysts, the first flagship phone featuring a flexible display is expected to be shipped by 2017. The rise of plastic and flexible displays in the global OLED display market will be complemented by a shift from glass substrates to plastic substrates such as polyimide. Nevertheless, glass-based displays in the OLED display market will continue to be an important technology, particularly in TV applications, where scale-up and cost reduction continues to be a big challenge.
Furthermore, flat and curved OLED TVs were launched in the market recently by LG and Samsung. However, manufacturers are wagering by investing in LCD backlights enhanced with quantum dots. These quantum dot LCD might be positioned in the market as a more affordable upgrade to existing sets.
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The report from IDTechEX segments the global OLED display market in eight segments by application. These include automotive and aerospace, mobile phone displays, TV panels, tablet and notebook displays, industrial and professional displays, wearable electronics, microdisplays, and others.
The report forecasts that the automotive and aerospace application sectors will demonstrate the highest growth during the forecast period, followed by wearable electronics and TV. The application sector of microdisplays and tablets and notebook will also demonstrate a good growth rate. A moderate growth rate will be observed 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.
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