OLED Market Analysis, Applications, Segmentations & Forecast by 2024

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OLED Industry, Business Development Analysis and
Future Challenges by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of OLED Market

• Government support for the development of low
  power-reliant technologies is a major driver to
  the OLED market growth in the Europe region. For
  instance, in January 2017, the EU launched
  project LO LOMID (Large cost-effective OLED
  micro-displays and their applications) that aims
  to develop next-generation micro-displays for VR
  and AR applications.
• The Asia Pacific OLED market is anticipated to
  exhibit the highest growth owing to the presence
  of key players such as Samsung and LG
  corporation. Additionally, rapid
  industrialization has aided in the increase in
  the economic conditions of countries in the
  region, allowing consumers to increase their
  spending on luxury products and high-end
  technologies.

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• Application Analysis of OLED Market
• Display applications include smartphones,
  laptops, television and monitors, and tablets.
  The high adoption of the display application
  sub-segment is due to the increasing penetration
  of smartphone devices which has experienced a
  high growth in the recent years due to aggressive
  marketing strategies by leading players, such as
  Apple and Samsung, and its rising applications in
  various fields such as payments and shopping. In
  2016, Chinas population of approximately 1.35
  billion was reported to own over 500 million
  smartphones with approximately 49 owning a
  smartphone.
• The OLED market segmented on the basis of
  technology type is bifurcated into rigid display
  and flexible display panels. The application of
  flexible screens in smart wearable devices such
  as watches and in signage displays is anticipated
  to contribute to the significant growth of this
  segment.

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Competitive Market Share of OLED Market

• Players operating in the OLED market include
  Samsung Electronics, OLEDworks, LG Display.
  Osram, Universal Display Corporation, Pixelligent
  Technologies, Panasonic Corp, Acuity Brands
  Lighting, and Acuity Brands Lighting.
• The OLED market is currently in the nascent stage
  and industry vendors are required to invest in
  strategies such as mergers, partnerships, and
  product developments to sustain substantial
  growth over the forecast timespan.
• For instance, Panasonic Corp entered the industry
  in July 2017 with the launch of its 4K OLED TV in
  the Viera series.

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