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OLED Display Market to Grow at 21.86% CAGR to 2021

Monday, April 10, 2017 1:16
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The market research report ‘Global OLED Display Market 2017-2021’aims to offer insights into new business opportunities for companies such as LG Display and Samsung Display. adds new global OLED Display market: report that lists top active companies as LG Display and Samsung Display.

Other Prominent Vendors in the market are: AU Optronics, BOE Technology, CSOT, EverDisplay Optronics (EDO), Japan Display, RiTdisplay, Universal Display, and Visionox.

Research Analysts forecast the global OLED Display market to grow at a CAGR of 21.86% during the period 2017-2021.


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Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is technological advances in augmented reality. Apple partnered with Carl Zeiss, a German optics manufacturer, for the development of smart glasses set to be launched in the 2018. Based on patents released by Apple in June 2016, it used foldable TAMOLED display that can be wrapped around on the user’s head. Apple’s US patent No. 9,367,093 titled Transparent Electronic Device and patent No. 9,367,095 titled Electronic Device with Wrap Around Display would also have AR by incorporating TOLED.

The listed pricing for this OLED Display Market report starts at $ 3500.
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According to the report, one of the major drivers for this market is reducing profitability of LCD displays. Samsung Display had shut down Gen-5 LCD line in Cheonan and L 7 production line in South Chungcheong Province that makes Gen-7 LCD displays in 2016. It is rumored that Samsung Display would shift focus on OLED displays due to the growing demand from end-users, especially from Apple.

Further, the report states that one of the major factors hindering the growth of this market is high cost of production and ASP. The raw materials and encapsulation equipment needed for manufacturing OLED screens are highly expensive. Since the market does not have sufficient sales in the initial years of the forecast period, the fall of ASP would be slow. Vendors in the market are expected to realize economies of scale only by the end of the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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