The anticipated growth in demand for OLED displays is being fueled by technological advancements and improvements in manufacturing processes and materials. Although there was a surge in consumer demand during the pandemic, the market is currently experiencing a decrease in demand. Challenges such as luminance, lifetime, and costs have hindered the industry, but the next generation of OLED technologies aims to address these issues to enable cost reductions.
A notable development in the OLED stack is the upcoming arrival of Phosphorescent OLED (PHOLED) Blue in 2024. This technology integrates printed red and green Quantum Dots (QD) with blue OLED to enhance display quality. Samsung Display has been at the forefront of this innovation with their QD-OLED technology. OLED displays are now being utilized in a wide range of applications including TV, IT, smartphones, automobiles, wearables, and VR.
Efforts to enhance OLED efficiency and reduce costs are also underway. Universal Display Corporation, for example, has been focusing on Phosphorescent OLED emitters that are expected to increase energy efficiency, extend lifetime, reduce heat dissipation, and lower product costs. Meanwhile, UDC is also conducting research on Plasmonic PHOLED technology to further enhance efficiency and the lifetime of OLED.
OLED suppliers are investing in Gen 8.7 fabs and high mobility IGZO backplane to enhance cost and address larger OLED panel requirements for tablets and IT. Additionally, alternative approaches for lower costs are being explored, such as eLEAP and ViP Process, which offer a more environmentally friendly and scalable OLED patterning technology.
Various companies and manufacturers are introducing new technologies to improve OLED brightness and display performance. LG Display, for example, has introduced OLED.EX technology and a 3rd generation OLED meta technology that maximizes light emission and enhances brightness. Similarly, Samsung Display has introduced QD OLED with hyper efficient EL material, advanced optimization algorithm InteliSense AI, graphite heat sink, and advanced Cd Free quantum conversion material.
Additionally, other developments such as Pixelligent’s PixClear and PixJET products, as well as OTI Lumionics’ CPM patterning, are contributing to improved OLED clarity, brightness, and efficiency.
Overall, OLED technology is making significant progress in addressing luminance and lifetime issues through the development of materials and manufacturing processes. If these advancements can successfully reduce costs, it is likely to drive strong demand growth in the future.
Sweta Dash, the founding president of Dash-Insights, a market research and consulting company specializing in the display industry, provided valuable insights and information about the future of OLED technology. For more information on this topic, please contact Sweta Dash at [email protected] or visit www.dash-insights.com.
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