How are Smartphone Sales Significant for Organic Light-Emitting Diode Materials Market Growth?


​The world has moved from conventional display technologies, such as cathode-ray tubes and liquid color display (LCD), to the light-emitting diode (LED) display technology, owing to its several benefits over other technologies. At the present time, the focus has been shifting towards organic light-emitting diode (OLED) technology, as OLEDs are even better than LEDs. OLED display panels are made from organic materials which emit light when electricity is passed through them. These displays are simpler to make, more efficient, thinner, and more flexible, as they do not need filters and a backlight like LCDs.

Substrates are electrical insulators or semiconductors that are utilized in several diodes and transistors. Lighting and display, including automotive, television & monitors, notebooks & tablets, and smartphones, are the two major application areas of OLED materials. These materials were more in demand for various display applications in the past. This is because of the rise in the manufacturing of television displays and smartphone displays. In fact, the growing demand for smartphones across the globe, due to the rising disposable income of people, is a key factor resulting in the increasing demand for OLED materials, as consumers are becoming more inclined towards products that have high quality display.
Other than this, car manufacturers are also shifting towards OLED display from the conventional LED displays because of their positive attributes, such as being lighter, thinner, and more flexible as compared to crystalline layers in LCD or LED. Industrial, commercial, and residential sectors are the major end users of OLED materials. Out of these, the residential sector crae5ted the largest demand for OLED materials in the past, which can be owing to the growing number of residential projects that are predicted to make use of OLED displays and lighting.
Geographically, Asia-Pacific has been the largest OLED materials market in the past. This is because of the surging population in the region driving the demand for residential facilities, which, in turn, are resulting in the increasing need for OLED materials for lighting and display purposes. In addition to this, because of the growth in disposable income of people in countries such as India and China, the demand for smartphones with enhanced display qualities is also increasing, which is further resulting in the rising need for OLED materials.
In conclusion, the benefits of OLED display, growing demand for smartphones, and increasing residentials projects are driving the requirement for OLED materials.

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