OLED is a new technology for bright, efficient, flexible and thin displays as well as for lighting panels. OLED driver panels are used in numerous applications, such as desktop monitor, mobile phone, TV, notebook PC, automotive, tablet, digital signage, and others. The panel industry is growing rapidly due to the increasing technological changes and rising deployment of OLED panels. Passive-matrix OLED and active-matrix OLED are basically two types of OLED technology. Active-matrix OLED is perfect for smartphone screens and other larger as well as medium displays, including in consumer and automotive applications. OLEDs are lightweight, slim and flexible. Also the acceptance of OLED display manufacturing by multiple vendors is increasing gradually.
Some of the key players are:
LG Display, Universal Display Corp., Samsung Electronics, BOE Technology, AU
Optronics Corp., Acuity Brands, Tianma Microelectronics, Konica Minolta Pioneer
OLED and OLEDWorks among others.
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Growing adoption of OLED displays in smartphones and the
increasing investments in technology and manufacturing facilities are some of
the fundamental factors driving the growth of the global OLED driver panel
market. The demand for OLED driver panels is increasing owing to the various
advantages provided by OLED driver panel displays such as sunlight readability,
energy efficiency and easier recycling process as compared to LCDs. The light
in OLED driver panel simply dims or turns off the significant pixels when the
light desires to create a black color, hence, the active-matrix OLED screens
provide great contrast and it also consumes less power. Low power consumption
and the more transparent and flexible displays can be achieved with the use of
OLED driver panels. Moreover, OLEDs enhances the aesthetics of the product,
hence the adoption of OLED is growing in smartphones. These factors are some of
the fundamental factors fueling the OLED driver panel market.
The use of OLED panel displays in wearable is also driving
the growth of the OLED displays. Advanced manufacturing facilities and
increasing investments in OLED technology are also supplementing the market
growth. LEDs are expected to increase the demand for OLED panels in the coming
years as it widely used as a choice for backlight. In the meantime, the demand
for OLED for computer screen and widow is anticipated to witness an upsurge.
The huge demand from the flourishing consumer electronics market is the other
factor positively influencing the growth of the global market throughout the
forecast period. Additionally, various factors such as rising demand for
flexible display products and growing acceptance in residential and commercial
sectors are helping the global OLED driver panel market growth. However, high
cost associated with OLED products may hamper the growth of the global OLED
driver panel market.
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