An organic light-emitting diode, or OLED display, is a new display technology that utilizes light-emitting diodes (LEDs) to create images on a flat screen. The organic diodes emit light in response to a direct electric current running through them, just like an LED. Because of its unique manufacturing process, it is said to offer the best out of all display technologies - energy efficiency, reliability, and high contrast ratio. Unlike LCDs or projectors, OLED displays do not use liquid crystals. This eliminates the need for frequent clean-ups. In addition to eliminating the need for liquid crystals, OLED displays are also more durable than their counterparts. Compared to LCDs and other common display technologies, OLEDs have longer life spans and are much better when it comes to scratching and scuffing. In fact, even static electricity can be avoided with the help of an anti-static ribbon over sensitive display areas.
Market Dynamics
Increasing demand for AMOLED displays in AR/VR headset applications is expected to boost the global OLED displays market growth over the forecast period. AR/VR headsets have been used for numerous applications including simulation and training. Since these headsets provide an immersive experience, they have been used in the military for combat training, healthcare for surgical operations, and gaming as well. AMOLED refers to active-matrix organic light-emitting diodes and offers eye-searing contrast ratios, better off-axis viewing angles, and a brighter overall picture.
Moreover, growing financial supports from governments for OLED lighting research is expected to accelerate growth of the OLED displays market in the near future.
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