Global Automotive OLED Market Grow at a CAGR of 16.68 % during the Period 2017-2021
Market Research Hub ( MRH ) has recently announced the addition of a fresh report , titled “ Global Automotive OLED Market 2017-2021 ” to its report offerings . Global Automotive OLED Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . The report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
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An OLED is a LED that emits light in response to an electric current . In an OLED , the emissive electroluminescent layer is a film of organic compounds , which is responsible for the emission of light on application of electricity . OLEDs are used to create digital displays in various electronic applications such as TV screens , PC monitors , mobile phones , and gaming consoles . OLED lights can display deeper black levels on screens and are lighter and thinner than LED lights . An OLED light achieves a higher contrast ratio than a LED light in low ambient light conditions such as in dark rooms . As OLED production lines are still small , costs of OLED production are high . The automotive OLED market is at a dormant stage currently , and it would require several years to develop and become mature .
Technavios analysts forecast the global automotive OLED market to grow at a CAGR of 16.68 % during the period 2017-2021 .