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.