Global OLED Display Market to Grow at a CAGR of 21.8% by 2021
March 31, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global OLED Display Market 2017-2021" report to their offering. The global OLED display market to grow at a CAGR of 21.86% during the period 2017-2021.
The report, Global OLED Display Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
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.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.