MarketsandMarkets: OLED market with high growth
The OLED market has witnessed highs and lows; however, it has managed to register a healthy growth rate. This market is expected to exhibit a high growth in the next five years. The adoption of OLED displays in smartphones, government support for OLED lighting in various countries, and increasing number of applications of organic LEDs in wearables, healthcare, transportation, lighting, television, and medical devices, among others are primary factors that are contributing to the growth of this market. Growing investments in the OLED market and increasing potential for AMOLED TVs are expected to propel the market in the future.
According to a new market research report “OLED Market by Display Application, Lighting Application & Geography—Global Forecast to 2020”, the total OLED market is expected to reach USD 43.92 billion by 2020, at a CAGR of 16 percent between 2014 and 2020.