Global OLED Display Market to Reach 22% Growth Rate in 4 Years, Report Says

The global OLED display market will reach a compound annual growth rate of nearly 22 percent by 2021, driven by mobile devices, TVs and wearables, said a Technavio report. The three categories made up 86 percent of the market last year, it said. Manufacturers are shifting to OLED production due to falling profitability in LCDs and OLEDs’ low power consumption and consumer preferences for slimmer electronics, it said.