Saturday, Jun 10, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Exports Of Oled Displays Forecast To Hit New High This Year

Exports of OLED displays forecast to hit new high this year

Overseas shipments of OLED panels are projected to soar 19.6 per cent on-year to $13 billion this year, accounting for more than 70 per cent of overall display exports, according to the industry ministry and the Korea Display Industry Association.

By IANS
Updated On - 01:55 PM, Wed - 13 January 21
Exports of OLED displays forecast to hit new high this year
whatsapp facebook twitter telegram

Seoul: South Korea’s exports of organic light-emitting diode (OLED) displays are expected to jump nearly 20 per cent (on-year) to an all-time high in 2021 on growing global demand, sources said on Wednesday.

Overseas shipments of OLED panels are projected to soar 19.6 per cent on-year to $13 billion this year, accounting for more than 70 per cent of overall display exports, according to the industry ministry and the Korea Display Industry Association.

Bolstered by the sharp increase, South Korea’s overall display exports are forecast to come to $18.4 billion this year, up 2.4 percent from the previous year.

The expected increase reverses the downtrend for the past three years. South Korea’s display exports fell to $18 billion last year from $20.5 billion in 2019 and $24.7 billion in 2018, reports Yonhap news agency.

Last year, OLED display exports rose 6.4 perc ent on-year to a new high of $10.9 billion, reaching the $10 billion mark for the third year on end. South Korea also retained the top spot in the global OLED market in 2020.

OLED is highlighted by self-illuminating pixels that do not require a separate light source, allowing manufacturers to produce lightweight, thin and flexible display products.

The rosy outlook comes as the global display market is projected to post resilient growth this year amid the coronavirus pandemic.

According to market researcher Omdia, the world display market is likely to grow 13.8 per cent to $139.8 billion this year.

  • Follow Us :
  • Tags
  • growing global demand
  • OLED
  • organic light-emitting diode
  • Seoul

Related News

  • Rajshri Deshpande’s next film ‘Privacy’ selected in South Korea’s Bucheon International Film Festival

    Rajshri Deshpande’s next film ‘Privacy’ selected in South Korea’s Bucheon International Film Festival

  • Indian national strikes jackpot in Squid Game-themed event, wins SGD 18,888 cash prize

    Indian national strikes jackpot in Squid Game-themed event, wins SGD 18,888 cash prize

  • South Korean passenger plane flies with open door, lands safely

    South Korean passenger plane flies with open door, lands safely

  • South Korea, US troops hold large live-fire drills near border with North Korea

    South Korea, US troops hold large live-fire drills near border with North Korea

  • Seoul city to turn purple to celebrate 10th anniversary of BTS next month

    Seoul city to turn purple to celebrate 10th anniversary of BTS next month

  • Hiroshima: Japan PM, S Korea prez pray at memorial for Korean atomic bomb victims

    Hiroshima: Japan PM, S Korea prez pray at memorial for Korean atomic bomb victims

Latest News

  • Shanmukha shares lead with three others at Brilliant Trophy Chess tournament

    37 seconds ago
  • Rains bring respite from heat in Telangana

    12 mins ago
  • Football: Imran Ali scores hat-trick as Abbas Union down Hyderabad Sporting

    15 mins ago
  • WhatsApp rolling out new interface for group settings screen on iOS

    30 mins ago
  • Zelenskyy says ‘counteroffensive, defensive actions’ taking place in Ukraine

    45 mins ago
  • French Open: Iga Swiatek beats Karolina Muchova to win third title

    13 mins ago
  • Hanamkonda: KUC Inspector Dayakar suspended over involvement in land dispute

    53 mins ago
  • Odisha train accident: Trains won’t stop at Bahanaga station till CBI’s green signal

    60 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam