AMOLED market set to take off

tv58The global market for materials to construct active matrix organic light emitting (AMOLED) panels next year will grow by 27 percent.

That’s according to a report from IHS, which predicts the market will be worth an estimated $445 million in 2014.

The leader of the AMOLED pack is Samsung which has pioneered the technique over the last five years by making three inch to five inch smartphone panels, according to Doo Kim, a principal analyst at IHS.

However, Kim says other manufacturers will “cash in” on growing demand for smartphones, telephones and other gizmos.

This LG Display introduced a TV panel and a flexible AMOLED panel, but Taiwanese firm AU Optronics have also entered the game.  Increased production of panels means the market will be more diverse with Samsung facing competitive challenges.