OLEDs Will Form the Largest Market Segment, Accounting for $15 Billion, While Quantum Dot LCDs Will Grow Fastest, Says Lux Research
BOSTON, MA--(Marketwired - Dec 8, 2015) - Driven by organic light-emitting diodes (OLEDs), the market for the top emerging display technologies will nearly triple to $21 billion by 2020, as ubiquitous liquid crystal displays (LCDs) lose market share, according to Lux Research.
OLEDs -- which enjoy a distinct advantage in mobile devices on account of performance in small form factors -- will create a $15 billion market, up from $6.2 million in 2015. Smartphones alone will account for $13 billion. The OLED market could grow as high as $26 billion if Apple were to switch to OLED for its iPhones and iPads and OLED manufacturers could further bring down costs to enable wider adoption.
"The display industry will become fragmented as emerging displays take advantage of LCDs' limitations," said Tony Sun, Lux Research Analyst and lead author of the report titled, "The Multi-Billion-Dollar Emerging Display Opportunities."
"Suppliers to the industry will need to diversify their product portfolio to fit individual technologies' needs," he added.
Lux Research analysts evaluated the emerging display technologies that will most impact traditional LCD market share, and quantified individual markets. Among their findings:
The report titled, "The Multi-Billion-Dollar Emerging Display Opportunities," is part of the Lux Research Wearable and Flexible Electronics Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
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Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com