For users, few things are as important on their electronics devices as the display. For mobile devices, touch screens control the device in addition to being the visual center for information. For consumer electronics such as televisions, the display is almost the only thing that matters.
Display technologies are not necessarily locked in a battle for dominance although older technologies such as TFT LCDs are declining in use and price while newer developments such as OLED are increasing. However, so much has been invested in the LCD infrastructure that ongoing use of the technology is a significant concern to vendors. Also, each technology has attributes that make them ideal for specific applications.
The global TFT LCD display market is still predicted to grow at a CAGR of 3.62% over the period 2014-2019, according to "Global TFT LCD Display Market 2015-2019". TFT LCD is a type of LCD that provides good optical properties such as picture contrast. TFT LCDs form the display panel for LCD TVs, desktop PCs, and mobile computing devices. An LCD panel is made up of a number of layers containing different components such as a polarizer, a color filter, and an LCD glass substrate. The LCD glass substrates used in display devices are very thin (0.3-0.7 mm).
The reduced thickness of LCD glass substrates is leading vendors to focus on manufacturing slimmer and lightweight devices. In the past, manufacturing thin LCD glass was expensive. However, currently slim TFT LCDs are easily available in the market, which enable the manufacture of thin LCD glass substrates. Corning introduced its EAGLE XG glass substrate, which excludes heavy metals such as barium, arsenic, halogen compounds, and antimony, making it eco-friendly and cost-efficient. The LCD module can also be reduced up to 10% by reducing the thickness.
According to the report, LCDs have gained popularity in the market as they are more cost-effective than conventional CRT displays. Features such as their light weight, reduced panel width, ability to be mounted on walls, and low power consumption make them more user-friendly than conventional display systems. With the advent of flat panels, several new devices such as LCD TVs, LED-backlit LCD TVs, and OLED TVs have been introduced to the market. Among these display devices, LCD FPDs have the highest penetration rate, which is expected to foster market growth.
However, increased competition from alternative technologies such as OLED is affecting the demand for TFT LCDs.
The global OLED market is expected to reach $43.92 billion by 2020, at a CAGR of 16% between 2014 and 2020, according to the report "OLED Market by Display Application, Lighting Application, & Geography - Global Forecast to 2020." OLED displays consume a lot less power than LCDs, can be manufactured on flexible substrates and provide their own backlighting. The adoption of OLED displays in smartphones, along with the government support for OLED lighting in various countries is the major driving force for the growth of the OLED market.
In the industry segment of the OLED market, the display application is expected to have a higher market size compared to the lighting application. The large market size of the display application is due to OLEDs finding applications in various sectors such as wearables, healthcare, transportation, lighting, television, and medical devices, among others.
The global OLED market has been segmented into two categories- application and geography. The application segment includes display and lighting applications. The display application is further segmented based on type, panel-size, and product; whereas, the lighting application is categorized into type and end-user.
Major players that offer various products in the OLED market are Acuity Brands Lighting, Inc. (U.S.), AU Optronics Corporation (Taiwan), the BOE Technology Group Co., Ltd. (Taiwan), InnoLux Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), LG Display Co., Ltd. (South Korea), OSRAM Licht AG (Germany), Pioneer Corporation (Japan), RITEK Corporation (Taiwan), and Samsung Electronics Co., Ltd. (South Korea).
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