Technavio, a tech-focused research firm, has published a new report on the global OLED material market, which is expected to grow at a CAGR of 21.5% from 2015-2019.
According to Technavio’s new report, OLED technology offers many advantages over traditional display and lighting technologies, which is expected to be a primary driver for market growth over the forecast period.
“The many advantages of OLED technology are making it an ideal choice for various display devices,” says Faisal Ghaus, Vice President of Technavio.
The Technavio report also emphasizes the huge potential for growth in this market, which has led big players like LG and Samsung to increase their investments in R&D. With the rise in R&D spending, vendors are able to develop a set of technology standards for every end-product.
“The increase in R&D spending has resulted in the development of advanced versions of OLED displays to be used for new applications,” says Ghaus.
OLED display manufacturers are focusing on rapid commercialization and are expected to target the automotive sector through the forecast period.
Market Scope and Calculation of Market Size
This report covers the present scenario and growth prospects of the global OLED material market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of OLED materials used in OLED displays and lighting.
Key Information Covered in the Report:
Key Vendors:
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E. I. du Pont de Nemours and Co. (DuPont)
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Merck KGaA
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Samsung SDI Co. Ltd.
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Sumitomo Chemical Co. Ltd.
Market Growth Drivers:
Market Challenges:
Market Trends:
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