Earlier this year, Transparency Market Research released a report chronicling the agency’s outlook for the organic light-emitting diode (OLED) display market through 2018. The report bears great news for OLED and liquid crystal display or LCD module manufacturers like Microtips Technology, LLC. Among other things, analysts expect a massive growth in store for the OLED display market to the tune of $25.9 billion by 2018, from a meager $4.9 billion in 2012.
While the OLED market has seen some highs and lows, it’s still managed to perform quite well. With the use of OLED displays in smartphones, government backing in several countries, and a growing number of OLED wearables for the healthcare, transportation, and medical sectors, the market for OLED is on a steady growth path.