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Organic light emitting diode (OLED) market set to grow according to forecasts

Organic light emitting diode (OLED) market set to grow according to forecasts

Organic Light-Emitting Diodes have always been seen as an elegant design elements and have attracted enormous attention in recent years because of their flat display, Solid state lightning.

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It is a display technology that is extremely thin, transparent, lightweight, flexible, and attractive and a fantastic quality of luminance is delivered.

The amazing flexibility offered by organic compound and by low cost fabrication techniques are making these devices more promising for the market. Organic light emitting diodes uses less power than conventional diodes or liquid crystal displays.

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Conventional light emitting diode gives a discomfort because it has a high blue content that it causes glare to human eyes and it generate more heat. To overcome this problem people are using OLED because of their flat surface lightning construction and it generate less heat then LEDs.

Some of the benefits that OLED have are OLED display do not require  any backlight, It uses very less power, OLED display has very wide viewing angle and its display are light in weight.

 

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The major driver fueling the growth of OLED are Increasing demand for energy efficient and ecofriendly product. OLED is highly promising as energy efficient lightning and in flat panels display and it consume less energy.

In addition to this there are several other factors which drives the market such as flexibility, Technological advancement in automobile industry has also propelled the growth of OLED market. However, high cost of OLED making the device expensive, smaller lifespan and blue pixel problem & deteriorating colors can act as a restraining factor in the market for OLED.

The OLED screen can be damaged through water. OLED are emerging in backlighting market which can add new opportunity in the market for OLED.

Organic light emitting diode is segmented on the basis of type such as AMOLED and PMOLED. Similarly the market is further segmented as application such as OLED display and OLED lightning and by end user such as retail, security & signage, automotive, consumer electronics, architecture and others.

The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, Japan, China, India, Australia, South Arabia, UAE, South Africa and Brazil.

Some of the key players which dominate wearable technology are Futaba Corporation, Samsung Electronics Co., Ltd., Kunshan Visionox Display Technology Co., Ltd, DLC Display Co., Limited, Pioneer Corporation, Sony Corporation, Koninklijke Philips N.V, Seiko Epson Corporation, Innolux Corporation and OLEDWorks LLC.

 

Browse market data tables and in-depth TOC of the Organic Light Emitting Diode (OLED) Market to 2025 @ www.theinsightpartners.com/reports…iode-oled-market

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