NanoMarkets sees OLED materials market expand to $4.6 billion by 2020
In its latest OLED materials market update, NanoMarkets quantifies the opportunities emerging for materials suppliers, where the key determinants of long-term success will be improving performance while also reducing the total cost of ownership. The report also analyzes recent developments in the OLED materials supply chain and discusses how the geographical center of OLEDs is shifting towards Korea.
In 2013, small and medium displays will account for over 99 percent of the total $450 million market for materials used in OLED displays. NanoMarkets forecasts that by the end of the forecast period in 2020, over 35 percent, or more than $1.6 billion, of the total market for OLED materials will be attributable to small and medium displays, like those found in smartphones and tablets.
The analysts estimate that while the contribution of OLED TVs to the total OLED materials market today is negligible, its size can grow to nearly half of the market value, or over $2.3 billion, by the end of the decade.
The value of the total market for OLED materials for lighting applications is less than $3 million today, and that it can grow to over $630 million by 2020. To get there, materials suppliers can help by developing products that enable manufacturers to reduce costs, improve yields, increase panel sizes, and improve lifetimes and efficiencies.
While quite a few OLED materials suppliers still exist, there have been important developments towards consolidation of power with respect to key OLED materials suppliers UDC and Novaled.
To access the study, visit https://www.nanomarkets.net
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
