Commercial Roofing Materials Market Global Scenario Global Organic Light Emitting Diode Market

Global Organic Light Emitting Diode (OLED) Market is
Expected to Reach $28 Billion, by 2024, Says Variant Market
Research
Global OLED Market is expected to reach $28 billion by 2024; growing at a CAGR of
28.2% from 2016 to 2024. Organic light-emitting diodes (OLEDs) are light emitting
devices used in mobile, television, PCs, and other equipment for better picture quality
and to increase its durability. Organic LEDs are thinner, brighter, and faster than LCD
technologies. It does not require lighting like other display modes as the organic
materials used by OLED Pixel sites produce their own light. It is energy efficient and
inbuilt with more saturated colors which improve the viewing experience of individuals.
Cheap manufacturing costs of OLEDs in comparison to LCDs have increased its
preference among manufactures.
Browse Complete Report @: https://www.variantmarketresearch.com/report-
categories/semiconductor-electronics/organic-light-emitting-diode-oled-market
Increased demand for energy efficient and eco-friendly products is the major factors
driving the global OLED market. Moreover, rise in demand for OLED technology in the
automobile industry have also propelled the growth of global OLED market.
Technological advancement in automotive industry would provide several growth
opportunities for the market in coming years. However, high cost of OLED may hinder
the market growth.