The analysts forecast global OLED display market to grow at a CAGR of 24.6% during the period 2018-2022. The latest trend gaining momentum in the market is enhancements in OLED displays.
OLED displays have been witnessing enhancements in terms of features and functionalities over the years.
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For instance, apart from being thin, (due to lack of backlight, like in LCDs), OLED displays are flexible and foldable in nature. Samsung Electronics and LG Display already produce flexible AMOLED displays that are used in mobile phones and wearable devices.
Samsung's Galaxy S7 Edge uses a 5.5-inch AMOLED on a plastic substrate, which bends around the edges. LG Display manufactures flexible AMOLED displays that are installed in Apple watches.
Major key players in the global OLED display market: LG Display, and Samsung Electronics.
According to the OLED display market report, one of the major drivers for this market is Superiority of OLED display over LCD. LCD and OLED display are two technologies that currently co-exist in the display market for smartphones and TV sets.
In LCD, white light passes through a color filter using liquid crystals to create a variety of colors. By manipulating the electric current sent to each sub-pixel, it is possible to control the amount of light that goes through, and therefore, control the subpixel’s color intensity.
All LCDs are required to have some form of backlight from white light, thus causing this display to be thick.
Further, the OLED display market report states that one of the major factors hindering the growth of this market is Threat of disruption of new technology. A display technology that is likely to disrupt the OLED display market is the introduction of micro-LED displays.
Micro-LED displays consist of arrays of microscopic LEDs forming individual pixel elements. Micro-LED is a promising display technology, as it has the potential to enable brighter and more efficient displays compared with OLEDs.
It is cheaper, but there are still technical challenges to overcome, and it is estimated that micro-LEDs will not be commercialized before 2020.
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Few Points from List of Exhibits:
Exhibit 1: Global display market
Exhibit 2: Global display market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global Year-over-year growth 2018-2022 (%)
Exhibit 10: Global OLED display market: Penetration in application segments 2017-2022 (% share)
Exhibit 11: Global Unit shipments and forecast 2017-2022 (millions of units)
Exhibit 12: Global Year-over-year growth for unit shipments 2018-2022 (%)
Exhibit 13: ASP of OLED display panels by application 2017
Exhibit 14: Global OLED display market: Area shipment 2016-2021 (millions of square meter)
Exhibit 15: Global Year-over-year growth for area shipment 2018-2022 (%)
Exhibit 16: ASP of area shipment of OLED display 2017-2022 ($ per square meter)
Exhibit 17: Five forces analysis 2017
Exhibit 18: Five forces analysis 2022
Exhibit 19: Bargaining power of buyers
Exhibit 20: Bargaining power of suppliers