Introduction and Background
Organic Light-Emitting Diode (OLED) display technology has been a buzzword in the electronics industry for several years now. OLED displays are brighter, crisper, and more flexible compared to the older Liquid Crystal Displays (LCD). OLED technology offers a broader range of colors and deeper blacks, making the display look more realistic. OLED displays have a better viewing angle, are faster, and consume less power than traditional LCD displays. Many major smartphone manufacturers use OLED displays for their devices. OLED technology is not limited to mobile devices; it is also expected to revolutionize the television industry. Want to dive even deeper into the topic? Wholesale OLED displays https://servicepack.online, we’ve crafted it just for you. In it, you’ll discover useful details to broaden your understanding of the subject.
The OLED market is expected to grow at a Compound Annual Growth Rate (CAGR) of over 21% between 2021 to 2026. The market size is expected to reach $48.8 billion by 2026. The growth in the market can be attributed to increased adoption of OLED displays by smartphone manufacturers and an increase in demand for OLED televisions worldwide. This article will provide an overview of some leading OLED display suppliers and their market share.
LG Display
LG Display is one of the leading OLED display manufacturers globally. It supplies OLED displays for mobiles, televisions, portable devices, and automotive purposes. LG Display commenced its first OLED display production in 2007 and has been at the forefront of this segment since then. The company has made significant investments in OLED technology and is a top choice for smartphone and television manufacturers worldwide. LG Display has collaborated with several smartphone manufacturers, including Apple, to supply OLED displays for their devices. LG Display has a market share of approximately 40% in the OLED TV market.
Samsung Display
Samsung Display is another major player in the OLED space. Samsung manufactures OLED displays for smartphones, televisions, and wearable devices. The company has invested heavily in OLED technology and is a dominant player worldwide. Samsung Display was the first company in the world to commence mass production of OLED display panels in 2007. Samsung’s own devices such as the Galaxy S and Galaxy Note series of smartphones use Samsung’s OLED displays. Samsung Display has a significant market share in the mobile and wearable OLED display markets.
BOE Technology Group Co. Ltd.
BOE Technology Group Co. Ltd. is another renowned global OLED supplier. They specialize in OLED displays for use in televisions, monitors, and automotive applications. BOE has been actively investing in OLED technology and is emerging as a leader in the display segment. The company has a market share of approximately 8% in the OLED TV market. BOE was the first company in mainland China to commence mass production of OLED displays.
JOLED Inc.
JOLED Inc is another major OLED manufacturer, specializing in OLED displays for industrial purposes. The company has sophisticated equipment that enables it to manufacture OLED displays for use in the automotive, medical, and other sectors. JOLED has partnerships with companies such as Panasonic and Sony to increase its market presence. The company is relatively new and was founded in 2014, but it has attracted significant investment, including from multinational corporations. Looking to broaden your understanding of the topic? Access this carefully selected external resource and discover additional information. OLED display for smartphones https://servicepack.online.
Conclusion
The OLED display market is predicted to grow drastically in the coming years. OLED technology is set to change the electronics industry, ranging from smartphones, televisions, and automotive applications. OLED display technology is expected to play a vital role in the development of foldable display devices. Despite OLED technology being expensive to produce, it has several advantages such as more energy-efficient and brighter displays over traditional display technologies. LG Display and Samsung Display are the major industry players in the OLED segment, with BOE Technology Group Co. Ltd and JOLED Inc emerging as market leaders. The continued growth of OLED display technology is set to impact people’s daily lives, revolutionizing the electronics industry as we know it.
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