OLED, short for organic light-emitting diode, technology is widely expected to play a greater role in the evolution of the tech scene as well as the Ultra High Definition Panel Market during the next few decades. This is largely down to the fact that it enables a diverse range of contrast ratios from displays which are extremely thin. Such a form factor and superior performance has led to numerous companies adopting the technology in an aggressive manner.

According to IndustryARC observations, the turning point for the Ultra High Definition Panel Market and the technology it produces was the $100 million Kodak deal. In 2009, the sale of the OLED’s intellectual property to LG was largely uncompetitive as many players didn’t realize the potential and were not too sure of the long-term pay-off. This has transformed LG into the single most important player in the world OLED panels.

Currently, LG and Panasonic are the only key players in the OLED segment of the Ultra High Definition Panel Market. LG has not rested on its competitive edge and set about reducing the cost of creating its panels by organizing crystals in a more efficient manner. Eventually, its competitors, especially the players from China, are expected to catch up with LG in terms of technological prowess. Once this happens, OLED panels are expected to come along with big discounts and innovative services for differentiation.

The Ultra High Definition Panel Market has long anticipated that the biggest competitor for OLED technology, especially in smartphones, would be LCD technology. The major factor where OLED shines through is the flexibility it provides in arranging its panels in an innovative designs. They also function without any sort of backlight and don’t require a square form factor. LG has pushed the envelope even further by allowing individual screen to bend and turn at various angles and curves.

Another big factor contributing to the proliferation of OLED technology is its relatively tiny footprint: width as well as bezels. At the 2016 Consumer Electronics Show, LG, a key player in the Ultra High Definition Panel Market, gave a glimpse of the future by handing out OLED “papers”. These papers were basically screens which could be easily held in the hand and bent around. The mind-boggling thing is that these papers had a depth of just 0.18mm. The immediate reaction on various social media platforms was that this futuristic technology could easily be a tablet display which is portable in nature. It can basically be rolled up and fitted into the pocket.

If we stretch the technology a little further, then OLED wearables seems the end-point in the journey. Smaller, flexible sheets can be made to suit wrists and information can be displayed constantly. Such a wearable would even have a great battery life if it can make the most of OLED’s power saving capabilities. With OLED technology invading the consumer market to a greater extent, the race is on in the Ultra High Definition Panel Market to bring down manufacturing costs and create innovative applications.