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OLED, often known as an organic LED, stands for organic light-emitting diode. For consumer electronics ranging from wearables to TVs, it serves as an alternative to LCDs.
OLED is a kind of panel, similar to LCD, that permits the displays on device screens.
Millions of small, individual LEDs that make up an OLED display’s individual pixels are alternately turned on and off to create the image displayed there.
Contrast this with LCD, which uses a liquid crystal sandwiched between two pieces of glass and an always-on backlight to project light.
An electrical current that excites the liquid crystal causes it to open like a shutter, allowing each pixel’s light to pass through.
The Global OLED TV Panel Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
BoE, a Chinese company, has been producing a lot of small OLED panels recently, mostly for the mobile phone industry. BoE’s OLED display was as far away from a smartphone as a panel with a native 8K resolution could get.
However, BoE appears committed to producing such enormous panels on a commercial scale. It is not difficult to see that such a change would be advantageous for OLED buyers.
Since there are more panel providers, there will likely be more competition, which often results in lower pricing and increased innovation.
