The global organic light-emitting diode (OLED) market has been forecast to rise at an impressive compound annual growth rate (CAGR) of 43.42% through to 2015, to reach a market value of $3051.2 million.
Key factors contributing to growth within the global OLED market include the increasing adoption of smart devices along with the increase in investments in OLED manufacturing. However, the slow adoption of the technology could pose a challenge to the growth of this market.
OLEDs are self-illuminating flat panel displays where organic materials are stacked between conductors. OLEDs emit bright light on the application of electric current; and thus do not require a backlight. This means that OLEDs can be made thinner and more power-efficient than LCDs (liquid crystal displays).
Each sub-segment of the global OLED market is calculated for the four geographical regions of North America, Europe, Asia-Pacific, and ROW. Asia Pacific holds a 90.1% share of the global OLED market, followed by Europe with 6.2%. North America and Latin America (NA-LA) hold a 3.8% share. Asia Pacific also has the largest end-user market, accounting for the consumption of 65.2% of OLEDs on the whole, followed by Europe at 21.5% and North America with 13.3%.
The majority of major mobile handset manufacturers are now incorporating OLED technology in their handsets, especially smartphones. For instance, Samsung, HTC, LG, ASUS, Dell, Panasonic, Pantech, SEC, and Nokia use AMOLED display technology in their smartphones and tablet PCs. The other manufacturers are expected to follow suit in the next few years. This increased adoption of OLEDs by smart device manufacturers will foster the growth of the global OLED market.
For more information on the global OLED market, see the latest research: Global OLED Market
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