Flexible OLED Market to Rise to $100 Million in 2014
Posted by: Timothy Tibbetts on 08/29/2013 09:37 AM
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The flexible OLED market has been something I have been watching closely. The technology is cool and cutting edge and should be the next “big thing” in televisions; it’s the price that is slowing it down. Frankly, I envision a day where we project on walls or even project anywhere in a room but until that happens this is it. Most of us can’t afford even the newest OLED screens, nonetheless flexible OLED. Now we have some numbers to see what kind of growth to expect from IHS Media Relations.
Global market revenue for flexible OLEDs will rise to $94.8 million in 2014, up from $21.9 million in 2013, according to a new report entitled “In-depth analysis for Technical Trends of Flexible OLED” from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.
The projected growth next year will equate to a 334 percent expansion from this year, as presented in the attached figure, paving the way for much larger sales in the future.
OLEDs represent a major segment of the larger flexible display market, which in the coming years will also include liquid-crystal display (LCD) and electronic paper (e-paper) technology.
“The buzz about flexible displays has been growing louder, ever since Samsung Display demonstrated its Youm line of bendable OLED products at the Consumer Electronics Show in January,” said Vinita Jakhanwal, director of mobile and emerging displays and technology at IHS. “Samsung is expected to begin shipping its first flexible OLED display—a 5-inch screen—in the second half of this year.”
Samsung’s initial product is likely to be a first-generation flexible display, employing a non-glass substrate that yields superior thinness and unbreakable ruggedness. However, such displays are flat and cannot be bent or rolled. Flexible displays are expected to eventually evolve into rollable and foldable OLED screens that are likely to be introduced after 2016.
Even so, it is too early for flexible OLED panels to fully replace conventional OLED screens. This is because the plastic substrate, thin-film encapsulation and other related technologies for flexible OLED remain immature for immediate application. Moreover, manufacturing processes are still being tested.
Global market revenue for flexible OLEDs will rise to $94.8 million in 2014, up from $21.9 million in 2013, according to a new report entitled “In-depth analysis for Technical Trends of Flexible OLED” from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.
The projected growth next year will equate to a 334 percent expansion from this year, as presented in the attached figure, paving the way for much larger sales in the future.
OLEDs represent a major segment of the larger flexible display market, which in the coming years will also include liquid-crystal display (LCD) and electronic paper (e-paper) technology.
“The buzz about flexible displays has been growing louder, ever since Samsung Display demonstrated its Youm line of bendable OLED products at the Consumer Electronics Show in January,” said Vinita Jakhanwal, director of mobile and emerging displays and technology at IHS. “Samsung is expected to begin shipping its first flexible OLED display—a 5-inch screen—in the second half of this year.”
Samsung’s initial product is likely to be a first-generation flexible display, employing a non-glass substrate that yields superior thinness and unbreakable ruggedness. However, such displays are flat and cannot be bent or rolled. Flexible displays are expected to eventually evolve into rollable and foldable OLED screens that are likely to be introduced after 2016.
Even so, it is too early for flexible OLED panels to fully replace conventional OLED screens. This is because the plastic substrate, thin-film encapsulation and other related technologies for flexible OLED remain immature for immediate application. Moreover, manufacturing processes are still being tested.
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