About the OLED Market
OLED panels are made of organic (carbon-based) materials that emit light when electricity is supplied through them. OLEDs are more efficient, simpler to make, and much thinner than LCD displays, as they do not require a backlight and filters. OLEDs provide good picture quality with brilliant colors, a fast response rate, and a wide viewing angle compared to other display technologies. OLEDs are also used for lighting. OLED lighting panels are thin, efficient, and flat surface structures. The basic structure of an OLED consists of a cathode that injects electrons, an emissive layer, and an anode, which removes electrons. These lighting panels use flat surfaces, which allow an even distribution of light over a wider space. OLEDs work in a similar way to traditional diodes and LEDs, but instead of using n-type and p-type semiconductor layers, they use an organic substance to produce their electrons and holes.
Technavio’s analysts forecast the global OLED market to grow at a CAGR of 14.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global OLED market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of OLED displays and lighting panels in the display panel and lighting panel. The report does not consider the contribution of OLED materials while calculating the market size. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global OLED Market 2016-2020
Technavio recognizes the following companies as the key players in the global OLED market: LG, Samsung, Konica Minolta, and Osram.
Other Prominent Vendors in the market are: Ason, AU Optronics, BOE, CSOT, First-o-lite, Futaba, Lumiotec, NEC lighting, Nippon Seiki, OLEDWorks, Panasonic, Pioneer, RiTDisplay, Tohoku Pioneer, Toshiba, Universal Display, and Visionox Display.
Commenting on the report, an analyst from Technavio’s team said: “Shift toward unique display and lighting designs will be a major trend for this market. In the display and lighting segments, vendors are offering designs such as curved OLED displays placed on non-flat surfaces, transparent OLEDs embedded in windows, and OLEDs in car windshields. In 2014, OSRAM developed a transparent lighting panel, also known as transparent windows. In the daytime, these windows will allow sunlight through them, and during the night, they will provide light. This product is known as Orbeos.”
According to the report, one driver spurring market growth is the advent of superior display quality with low power consumption. OLED display panels are increasingly being adopted in smartphones, tablets, and TVs because of their good display quality compared to LCD displays. OLED displays are made up of thin films of organic molecules deposited with electroluminescent substances, which create light with the application of electricity. Therefore, the absence of a backlight makes OLEDs thinner than LCDs and also reduces power consumption.
Further, the report states that one challenge affecting this market’s growth potential is the high production cost of AMOLEDs. The manufacturing cost of AMOLED TV panels is high compared to that of LCDs of similar size. OLED display panels face the challenge of scaling to larger sizes. As of 2015, Gen 4.5 fabs are the largest AMOLED production lines and can process 730 mm x 920 mm glass sheets. However, the OLED size constraint results from the different backplane production technology. Unlike the mainstream amorphous silicon TFT LCDs, OLEDs use LTPS backplanes. These require more processing than amorphous silicon does. The manufacturer has to set up a line that can process an LTPS LCD and then put in additional equipment that deposits the OLED material and then processes the OLED part of the display.
LG, Samsung, Konica Minolta, Osram, Ason, AU Optronics, BOE, CSOT, First-o-lite, Futaba, Lumiotec, NEC lighting, Nippon Seiki, OLEDWorks, Panasonic, Pioneer, RiTDisplay, Tohoku Pioneer, Toshiba, Universal Display, Visionox Display.