Organic light emitting diode (OLED) are electronic devices which emits light when an external electrical voltage is applied to it. Organic light emitting diode uses thin film organic electroluminescent materials, these material emit light when stimulated by electricity, and each pixel can change its state instantly. Organic light emitting diode have the exclusive properties such as lightweight, flexibility, transparency and color tuning ability that makes them an ideal modern light source.
Organic light emitting diode (OLED) have advantages over traditional LED in terms of good contrast ratio, good viewing angles, good motion blur pictures and fast response time. These are widely used as digital displays in devices such as T.V screens, computer monitor & portable systems like mobile phones, MP3 players and digital cameras. Organic light emitting diode are environmental friendly as it does not contains mercury elements, thus eliminating disposal and pollution problems associated with fluorescent lighting. Active matrix and passive matrix OLED’s are most widely used organic light emitting diodes.
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There are various factors which are driving the growth of organic light emitting diode market. Increasing demand and superior performance of organic light emitting diode (OLED) over traditional LED is one the key driver which is driving the organic light emitting diode market. These organic light emitting diode have replaced LED lightings that are being used in commercial and household lightings.
There are also other factors such as lower cost of raw material that would further drive organic light emitting diode (OLED) market. Also scientific research has been carried out on materials used in organic light emitting diodes in Asian laboratories in order to reduce its price and improve its efficiency. However there are certain factors which can hinder the growth of organic light emitting diode market.