Automotive OLED Market — Comprehensive Evaluation of Regional Markets, Technology, Types and Applications Demands Growth

Market-Research

Automotive OLED (Organic Light-Emitting Diode) in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current. Automotive OLED is a type of advanced automotive lighting. This layer of organic semiconductor is located between two electrodes, one of which is transparent. OLEDs are used to create digital displays in devices such as television screens, computer monitors, mobile phones, and personal digital assistants (PDAs).

An OLED display works without a backlight. There are some OLEDs which are used on exterior of the vehicle and are as useful as headlights. Infotainment screen on the dashboard of the vehicle is made up of OLED display due to its special advantages over other lighting technology.

Consumers of market are demanding more for the vehicles integrated with more specialty features. Vehicle manufacturers are focusing on developing lighting features inside vehicles. OLEDs are extensively used in these lighting system due to their size and variability. Furthermore, the ever-increasing production of lightweight, luxurious vehicles are projected to boost the automotive OLED market during the forecast period.

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By taking safety of the consumer into account automotive makers are concentrating more on the safety measures and OLEDs are useful in providing the adaptive front lighting for the vehicle. Infotainment systems provide information about the health of various component of vehicle and provide application such as global positioning system (GPS) along with entertainment. OLED is extensively employed in premium cars as infotainment displays. Lifespan of OLEDs is shorter than laser and LED. They also consume more power. These factors are likely to inhibit the market during the forecast period.