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Report: OLED market expected to grow by 14%, meaning more OLED phones

According to a market analysis performed by UBI Research( via Display Daily ), the overall OLED market is expected to grow by around 13.8 percent this year, to reach $32.2 billion in annual revenue.

This expected growth is going to largely be driven by the slow rollout of flexible OLED panels in smartphones, TVs, and other products. We foresee learning more about the foldable smartphone from Samsung next week, which is expected to be used in a brand-new smartphone trend.

With more and more OLED panels get made and sold, we can also expect two things to happen: the cost of OLED panels will go down and more smartphones will be implemented by those cheaper OLED panels.

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With most smartphones, there are mainly two selections for presentation engineering: LCD and OLED. LCD panels are cheaper and more power-efficient but don’t grow the same crisp blacks and high-contrast images as OLED panels can deliver. Since OLED displays expense more, they are generally get used only in higher-end smartphones like the Samsung Galaxy S and Galaxy Note series, the Google Pixel 3, the Huawei Mate 20 Pro, etc.

With OLED revenue increasing we can expect some smartphone lines that currently stray away from the technology to perhaps borrow it this year or the next. This could include telephones like the next iteration of the Pocophone, the Razer Phone 3, and future Nokia-branded smartphones.

Rumor has it that this year’s upcoming sequel to the iPhone XR will be the last iPhone with LCD engineering. All iPhones after that will feature OLED panels.

NEXT: 7 best AMOLED-friendly dark mode apps on Android

Read more: androidauthority.com

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