London, 05 May 2015 – Technavio has published new industry analysis on the global OLED display market, which is expected to grow at a CAGR of 18.7% from 2015-2019.
The new market research report by Technavio draws attention towards the inherent advantages of OLED technologies, which are expected to drive growth in this segment. OLED displays offer sharper images, better contrast, crisp colors and faster refresh rates than any existing display technology. OLED screens, especially in TVs, also offer a viewing angle of 180 degrees.
“The benefits of OLED displays have become more prominent, which is the key factor boosting demand for OLED manufacturing equipment over the projected period,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also emphasizes leading market vendors like Samsung Display and LG Display that have increased their investment in the R&D of OLED display modules. Vendors are developing a set of technology standards for every end-product through an effective R&D process.
“The increased R&D spending has led to the development of advanced versions of OLED display that are used for new applications, thus increasing vendors profits,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
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