Glass-Based OLED Growth Slows

IDTechEx has revised its forecast for the global OLED displays market. The firm says that glass-based OLEDs are not growing as fast as expected (mostly due to Samsung’s ‘disappointing’ mobile phone sales). The market for products is expected to be worth $22.7 billion by 2022, down from an earlier forecast of $28.2 billion. However, optimism is higher around flexible OLEDs. The flexible OLED market will be worth almost $3 billion in 2016 (up from $1.5 billion this year), and more than $16 billion in 2020. Most flexible OLED panels will be used in mobile phones. IDTechEx also expects glass-based OLED prices to fall faster, now that more Chinese producers are entering the market.