The growth of the market can be attributed to the adoption of organic light-emitting diode (OLED) technology in the display industry.
The global next-generation display materials market is expected to reach $182.83 billion by 2026.
There has been significant developments in the display industry in recent years. Many manufacturers have moved away from the well-established market of thin-film transistors – liquid crystal diode (TFT-LCD) and are heavily investing in new display technologies such as OLED, micro-LED, and mini-LED.
Due to this, the market for LCD is dropping and is rapidly being replaced by the mentioned technologies. Display giants like Samsung and LG have already halted the production of LCD and introduced OLED in their upcoming display for televisions and smartphones.
The global next-generation display materials market’s competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations.
Among all these strategies adopted, business expansion is the popular choice of the strategy implemented in the next-generation display materials market.
Some of the most prominent ecosystem players are Idemitsu Kosan Co. Ltd., Toray Industries Inc., Samsung SDI Co., Universal Display Corporation, Novaled, Nanosys, Nanoco Group PLC, Doosan Corporation, Quantum Materials Corporation, PPG Industries Inc., and DuPont Inc
The News Highlights
- Global Next-Generation Display Materials Markets 2021-2026
- Check the latest update on Gadgets news
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week