OLED Displays Market to Reach $10.6 Billion by 2020

Research and Markets has released the report, “Energy Efficient Displays Technologies to 2020 - Organic Light Emitting Diodes (OLED) Displays Set to Propel Growth of the Industry.”

The OLED displays research report includes the overview of global energy efficient displays market, market analysis and forecasts based on the geography, and competitive landscape. The display companies mentioned in the report are LG Display, Samsung Mobile Display, Sharp, Sony, AU Optronics, and Samsung.

According to the new report, the global OLED display market’s revenue is anticipated to reach $10.6 billion by the year 2020. During 2005-2009, the OLED displays market improved at a CAGR (Compound Annual Growth Rate) of 33.9%. The new use of OLED displays in desktops, monitors, and television sets is likely to result in higher demand. Till 2009, the main applications of OLED displays were mp3 players, digital cameras, mobile phones, and other small devices.

Mobiles phones are the OLED displays’ major revenue driver with a contribution of about 65% of overall revenues. The Liquid Crystal Display’s (LCD) development and the price reduction are slowing down the use of OLED displays. The display industry requires a blend of new technologies and applications to speed up the revenue growth.

Source: http://www.researchandmarkets.com/