2012-09-05 16:29:09 - OLED market to increase at a CAGR of 32.6%
The organic light-emitting diode (OLED) market has been forecast to increase at a compound annual growth rate (CAGR) of 32.6% over the next five years, to increase from a value of $4.9 billion in 2012, to be worth $20.3 billion in 2017.An OLED is a light-emitting diode (LED) in which the emissive electroluminescent layer is a film of organic compound which emits light in response to an electric current.OLED technology is used in commercial applications such as displays for mobile phones and portable digital media players, car radios and digital cameras among others.Such portable applications favour the high light output of OLEDs for readability in sunlight and their low power drain. Portable displays are also used intermittently, so the lower
lifespan of organic displays is less of an issue.The different manufacturing process of OLEDs lends itself to several advantages over flat panel displays made with LCD technology including; lower cost in the future, light weight & flexible plastic substrates, wider viewing angles & improved brightness, better power efficiency, and response time.Segment wise, displays represented the largest category in terms of cost, accounting for $3.2 billion in 2011 and $4.9 billion in 2012 and should total $19.6 billion in 2017, at a CAGR of 31.8%.Lighting accounted for a smaller share in 2011 and 2012, and is expected to be worth $700 million by 2017.For more information on the organic light-emitting diode market, see the latest research: Organic Light-Emitting Diode Market ReportFollow us on Twitter @CandMResearch
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