According to a new market research report "OLED Market by Display Application (Type - AMOLED & PMOLED, Panel-Size - Small, Medium & Large, Product - Smartphones & Others, Geography), Lighting Application (Type - Traditional & Flexible, End-User, Geography), & Geography - Global Forecast to 2020", published by MarketsandMarkets, the total OLED Market is expected to reach $43.92 Billion by 2020, at a CAGR of 16% between 2014 and 2020.
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.
This report provides a detailed analysis of the overall OLED market and segments the same based on application and geography.
The objective of the research study was to analyze the market trends for each of the industries, growth rates of the various applications (display and lighting, types, and others, and the demand comparison for both (display & lighting) the industries.
Apart from the market segmentation, the report also covers the Porter's Five Forces analysis, the market's value chain with a detailed process flow diagram, and the market dynamics such as drivers, restraints, and opportunities in the overall OLED Market.
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