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Choi Joo-sun, president and CEO of Samsung Display, attended the International Meeting of Information Display event earlier today and hosted a presentation on the display industry's future. Due to changes in the consumer electronics space, the CEO estimates that the self-luminous display market, i.e., OLED / QD-OLED and other variations based on similar technologies, will continue to grow. “I expect the self-luminous display market will grow rapidly to $100 billion by 2030,” said the CEO. (via TheKoreaTimes)
With more people working from home and increasingly relying on virtual platforms, demand is shifting towards self-luminous display technologies. Today's customers value better image quality and uninterrupted user experiences, and “this new trend is accelerating the era of self-luminous displays.” This year alone, the CEO estimates the self-luminous display segment to reach an estimated $40-45 billion.
Due to these changes, Samsung Display plans to increase its investments in eight-generation OLED manufacturing for IT devices as well as in-vehicle displays. The company recently reached an agreement with BMW to supply the German car manufacturer with OLED panels for in-car infotainment systems. Furthermore, Samsung will boost its spending in the virtual and augmented reality sector for the development of micro-displays.
In addition, Samsung is betting on QD-OLED display technology, which, according to the CEO, requires less energy and delivers a superior image quality compared to OLED and LCD panels. Samsung Display made new investments in material sciences and inkjet patterning technology for QD-OLED in order to increase image quality and improve production yields.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
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