Albany, NY -- (SBWIRE) -- 03/20/2017 -- An OLED is a LED that emits light in response to an electric current. In an OLED, the emissive electroluminescent layer is a film of organic compounds, which is responsible for the emission of light on application of electricity. OLEDs are used to create digital displays in various electronic applications such as TV screens, PC monitors, mobile phones, and gaming consoles. OLED lights can display deeper black levels on screens and are lighter and thinner than LED lights. An OLED light achieves a higher contrast ratio than a LED light in low ambient light conditions such as in dark rooms. As OLED production lines are still small, costs of OLED production are high. The automotive OLED market is at a dormant stage currently, and it would require several years to develop and become mature.

Technavios analysts forecast the global automotive OLED market to grow at a CAGR of 16.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive OLED market for 2017-2021. To calculate the market size, the report covers the units produced for headlamps, rear lamps, fog lamps, side lamps, and interior displays panels.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Automotive OLED Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Astron FIAMM
LG Chem
OSRAM
Philips

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Other prominent vendors
GE
KONICA MINOLTA
NIPPON SEIKI
WINSTAR
Visteon

Market driver
Falling price of LED displays to incentivize higher sales of OLED systems.
For a full, detailed list, view our report

Market challenge
Intense vendor competition
For a full, detailed list, view our report

Market trend
OLED panel acting as a switch between sunroof and source of light
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?