OLED Driver Panel Market — Demand for Rigid Display Panels Owing Growth

Posted by RASHMI on April 11th, 2019

Growing adoption of OLED displays in smartphones and the increasing investments in technology and manufacturing facilities are some of the fundamental factors driving the growth of the global OLED driver panel market. The demand for OLED driver panels is increasing owing to the various advantages provided by OLED driver panel displays such as sunlight readability, energy efficiency and easier recycling process as compared to LCDs.

The light in OLED driver panel simply dims or turns off the significant pixels when the light desires to create a black color, hence, the active-matrix OLED screens provide great contrast and it also consumes less power. Low power consumption and the more transparent and flexible displays can be achieved with the use of OLED driver panels.

Moreover, OLEDs enhances the aesthetics of the product, hence the adoption of OLED is growing in smartphones. These factors are some of the fundamental factors fueling the OLED driver panel market. The use of OLED panel displays in wearable is also driving the growth of the OLED displays. Advanced manufacturing facilities and increasing investments in OLED technology are also supplementing the market growth.

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The global OLED driver panel market can be segmented on the basis of type, size, application and geography. On the basis of type, the global OLED driver panel market can be segmented into rigid, flexible and transparent. The growing demand for rigid display panels owing to the increasing adoption in smartphones, smart watches, and TVs is supplementing the growth of the global OLED driver panel market.