OLED market grows annually by 18.3%

The market research company Allied Market Research evaluates the organic light diode market (OLED) until the year 2020..........

at USD 37.2 bn (EUR 35.2 bn). For the period from 2015 to 2020 an annual growth rate of 18.3% is expected.

The report predicates that improved picture quality, a growing demand for environmentally-friendly products, the application of the technology in smartphones and TVs and growing government regulations are contributing to the growth of the OLED market.