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Technavio’s market research report predicts that the global organic light-emitting diode (OLED) materials market will post a CAGR of nearly 6% during the forecast period. The increasing adoption of OLED in smartphones is one of the primary drivers for market growth. The rise in availability of low-cost smartphones has led to the growth of the market in developing countries. It has been observed that about 70% of world’s population owned a smartphone in 2016 and the market witnessed a shipment of more than a billion smartphones. Moreover, there is a rise in the penetration rates of OLEDs in key markets like China. Shipment rates of new players in the smartphone market such as OPPO and Vivo also witnessed impressive growth during 2016. With estimates showing that one in 10 smartphones shipped in the recent years included an OLED display, this increasing demand for smartphones will subsequently drive the market for OLED materials.
One of the latest trends that will gain traction in the global OLED materials market is the increased adoption of OLED in the automotive sector. Numerous applications such as dashboard displays, heads-up displays, internal lighting tail lights, and turn indicators utilize OLED displays and lighting systems in the automotive sector. Moreover, the growth of the OLED material market is also augmented by the rise in the use of OLED lighting panel systems in vehicles in the form of OLED-based front lighting systems like headlamps and day running lights.
The global OLED materials market is characterized by the presence of well-diversified international, regional, and local vendors. The regional vendors are finding it hard to compete with the international players based on quality, technology, and price as they are widening their presence in the market. Moreover, the competition is likely to grow higher with a rise in product/service extensions, innovations in technology, and M&As.
Key vendors in the market are:
Other prominent vendors include Doosan, The Dow Chemical Company, DUKSAN Hi-Metal, Hodagaya Chemical, Idemitsu Kosan, Konica Minolta, and LG Chem.
Anodes are mostly used in indium oxide (ITO) which is transparent to visible light and has a high work function. According to this market research report, the anode segment dominated the OLED materials market during 2016 and will continue its dominance over the next four years as well.
In terms of geography, APAC led the global OLED materials market during 2016 and is anticipated to continue the dominion during the forecast period. The presence of key players in the region and fast -growing urbanization that leads to new technological advancements, will be the major factors driving the growth of this market segment.
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OLED materials are more power efficient than LEDs and are used in both display and lighting applications. Due to its advantages, OLED is increasingly used to create digital displays in consumer electronics such as televisions, gaming consoles, and even smartphones. By aiming at helping clients gain a competitive edge and improve revenue shares, the global market research firm Technavio provides a comprehensive collection of industry research reports on the various aspects of the embedded systems sector. The market research reports from Technavio also provide information on the major vendors of the hardware and semiconductor industry including Analog Devices, Cree, Fujitsu Semiconductor, GE Lighting, Intel, OSRAM, Philips, Qualcomm Technologies, Samsung Semiconductor, and Texas Instruments.
To identify the industry’s growth prospects, research analysts at Technavio follow a mix of proven research techniques and consider factors such as the demand for various products across different geographical regions and market size. By taking into consideration various parameters such as the shift in customer preferences and products offered by competitors across the global and regional markets, our upcoming market research report on OLED materials for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the embedded systems sector.
This upcoming report on OLED materials also considers the growth of similar markets such as OLED and microdisplays, which are expected to grow at a CAGR of almost 15% and close to 24% during the period of 2016 to 2020. According to analysts, the increased adoption of OLED technology by automotive manufacturers for various applications such as in navigation dashboards, entertainment displays, and luminaires for interior lighting will drive the need for OLED materials. Based on client requirements, Technavio also offers to provide customized reports, which will help businesses enhance their market positions.
The upcoming industry research report for OLED materials also identifies and provides detailed information on all the key drivers, emerging trends, as well as the factors that currently challenge the growth of the embedded systems sector. It also presents insights into the changing market landscape and helps clients gain a realistic picture of the future direction of the hardware and semiconductor industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by material
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Tags: led lights, oled tv, digital display, lighting manufacturers, hardware and semiconductor market forecast, semiconductor equipment market trends,
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