The latest IDTechEx report indicates the market size for plastic and flexible OLED displays will rise to $16bn by 2020. The report includes detailed 10-year forecast by market segments as well as by display type (AMOLED, PMOLED, etc.).
According to IDTechEx’s report OLED Display Forecasts 2014-2024: The Rise of Plastic and Flexible Displays, new market research distinguishes between rigid plastic displays and flexible displays. Rigid plastic displays are already commercialised in handsets such as the Samsung Galaxy Round or the LG G Flex with the OLED displays in these devices manufactured on a polyimide substrate, a plastic known for its resistance to high temperatures.
The industry is expected to shift to flexible OLED displays with the first flagship phone to ship in 2017. The market for plastic and flexible AMOLED displays will grow to $16bn within the next six years.
Market forecasts have been split between eight major market segments, including mobile phones, TVs, automotive, and wearable electronics.
In the wearable technology segment, the proliferation of smart watches and fitness bands is driving the sales of very small (below two inches) OLED panels.
The recently launched OLED TVs are critical for the growth of the OLED display market with key features including extended colour gamut, high contrast, ultra-thin form factor, and a curved panel. Though the market for OLED TV panels is currently relatively small, it is expected to grow strongly over the next ten years, with a CAGR of 42%.
The report also includes an extensive description of the technologies available with company profiles of key players in the value chain. Information derived from many years of tracking progress in the various components of OLED displays has been leveraged to critically assess the remaining technical challenges. The report also includes a chapter on the progress of printing in OLED display manufacturing.
OLED Display Forecasts 2014-2024: The Rise of Plastic and Flexible Displays is the most recent addition to the emerging materials and devices group of technology and market research reports by IDTechEx.
By Dr Guillaume Chansin, Technology Analyst, IDTechEx