Cost Reductions to Light up the Organic LED Market

Marking a new era of lighting technology, organic LED revolutionizes the relevant industry. The wonders of lighting up a built-up substrate surface with minimal voltage potential opens up novice possibilities. Quite smoothly, the technology got adopted for developing electronic displays tapping all its favorable provisions. An expansive list of advantages to its account, market acceptance would seem obvious. The truth, however, is the high costs plus comparatively complex construction technique hinders its popularization. Industry experts, on the other hand, stay confident about the promising future for OLED devices.

Organic LEDs versus the others

Let’s take a walk through the organic LED glory lane. To start with, these devices are flexible in construction providing manufacturers with freedom of design. Fold it, bend it, twist it; derive aesthetically appealing designs for lights and damage-proof displays for portable devices.  Next, OLEDs are as efficient as its LED alternatives, saving up to 75% of power usage. In terms of luminescence, they are superior to other diffused lighting devices. Also, disposal of these devices are environment friendly. Recent innovations in OLED displays exhibit enhanced visibility at different viewing angles and high color contrast ratios delivering truest blacks for users. 

Confused, as to why this market has been lagging even when heavily equipped for war against LCDs and LEDs? Let us simplify the equation for you. Processing these devices in industries organic materials, which are not required in LEDs. Added to this, the substrate development techniques had not matured enough to meet precision requisites, leading to high rate of faults in products. Collectively, high production costs were induced, which limited consumer demand. Supply volumes remained restricted, further narrowing the bottleneck for profit flow. 

Positive focus for organic LED market

Organic LED market has raised hopes of expanding its market share with developments in display devices. Active matrix OLED in promises better power efficiency and consequent battery-saving for electronic devices. Leading smartphone companies have welcomed the change by implementing it into their new launches, iPhone and Samsung being the latest examples. Printing substrates onto glass or polymer surface using inkjet printers has been one among the various experiments.  Following the trend, manufacturing leaders registered an increase in number of patents filed for OLED development projects. If all goes well, tests on innovative substrates would render positive results coping with quick degradation rate of OLED and lower production costs to a new low. Industrial research is keen on bringing these advancements into lighting segment. 

Experts at Allied Market Research predict the Organic LED market to take over considerable shares in global scenario by 2020 in their recently published report on “World Organic LED Market Opportunities and Forecasts, 2014 – 2020.” The statistical analysis of market structure included in the report, considers the minutes of driving and restricting factors to outline profit-generating segments. Strategic company profiling reveals future business trends and investment opportunities for prospective investors. 

 

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