Global OLED Lighting Panel Consumption Industry to Gain Impetus from Rising Demand for Smartphones

Published on : Jun 01, 2016

Albany, New York, May 31, 2016 – Due to the growing environmental concerns, display technologies based on organic light-emitting diode (OLED) are slowly gaining traction in the market. OLED displays generate less energy costs, consume less energy, and are much thinner than backlit LCDs. According to a report recently added to vast repository of Market Research Hub, the rising use of OLED display panels in smartphones, desktops, televisions, and other electronics is expected to boost global OLED light panel consumption industry. The report is titled “Global OLED Lighting Panel Consumption Industry 2016 Market Research Report”. 

OLED technologies enable lighter, thinner, and printable displays since they are self-luminous thus providing a significant advantage over conventional displays. New end-user applications in smart watches, smartphones, digital cameras, and car audio systems are propelling the global OLED lighting panel consumption industry. Apart from these, the global OLED lighting panel consumption industry is also gaining from the rising disposable income of consumers. 

The introduction of soluble printing technology and flexible substrate, premium ensured on small and mid-sized panels, and discount offered on large OLED panels are other key factors driving the global OLED lighting panel consumption industry. However, the industry is still not free from a few technical bottlenecks, which, along with high cost incurred on manufacturing, hinder the growth of the industry to an extent. 

Through the leading vendors in the OLED lighting panel consumption industry have witnessed significant progress, they still witness concerns relating to the complexity of production process, short operating life, and high costs of OLED panels. The organic material used in the manufacture of OLED display panels are rather sensitive to humidity and oxygen, which can potentially damage the screen if not properly protected. Therefore, it is important for manufacturers to develop processes and materials to mitigate such existing concerns before attempting to produce full-color OLED displays in bulk and at reasonable costs. 

OLED lighting panels are available in the market at a much higher price than competing technologies such as LCDs and plasma display. According to experts, the OLED industry is still at a nascent stage and prices are expected to stabilize after commercialization. In order to achieve sustainable growth in the market, vendors should start focusing on energy efficiency, higher resolution, and better operating life of OLED displays. With the emerging technological developments, the industry veterans expect OLEDs to become a mainstay in the electronics industry. 

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Currently, the leading market players have taken recourse to connecting layers of OLED structures to enhance luminous efficiency of OLED panels. OLED displays are observed to create much stronger light if two dissimilar structured OLEDs are laminated together at the time of disposition. 

The report on the OLED lighting panel consumption industry presents a comprehensive overview of the various factors influencing the industry’s growth trajectory over the years. It presents insights into the growth drivers and restraints influencing the market. The impact of the recent development plans and policies on the overall operations of the market is also studied in detail. Additionally, the report segments the market based on various parameters and examines the various factors influencing demand from across these segments to present an executive-level blueprint of the industry. 

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