In recent years, LED technology has been the fastest growing in solid-state lighting, with a market penetration rate estimated to exceed 60 percent in 2014, according to LEDinside. Rapid improvement and the ever-increasing interest of large electronic manufacturers in OLED technology could lead OLEDs into the spotlight in 2017, analyzed LEDinside.
OLEDs currently are largely used in smartphone and TV displays today. The technology first made its way into phone display market in early 2001. It is now common in many high end smartphones, such as the Samsung Galaxy Note 3 and Blackberry Z30, both of which use Super AMOLED displays. The OLED TV market is still in the developmental stage, but shows rapid growth with companies such as LG, Panasonic, and Samsung all releasing OLED displays this year. The current market price for OLEDs remains around US$ 9,000. It is estimated that around 7 million OLED TVs will be sold by 2016, which encompasses less than 3 percent of the entire TV market, according to Forbes. However, at such high prices, it is unlikely OLED will become a replacement for less expensive LED and LCD TVs already on the market.