"Price remains to be the biggest stumbling block that’s preventing the widespread adoption of OLED displays.”
In fact, price remains to be the biggest stumbling block that’s preventing the widespread adoption of OLED displays. If we were to compare similar-sized televisions using OLED and LCD displays, the OLED model will cost about 40% more. And according to IHS Research, it is estimated that it would cost manufacturers double to put an OLED display into a PC as opposed to an LCD display.
New technology is always costly to manufacture, partly because of immature manufacturing processes and also high R&D costs. This was the case for SSDs, too, but look at how affordable they are now. Thankfully, prices of OLED displays could come down in the next year or so. The technology is fairly mature now and volume manufacturing by key players in the industry looks set to take place in the near future.
LG has just invested US$ 380 million to build a new factory to ramp up production of OLED displays, which should help bring down the costs of OLED panels by a sizeable margin in time. Before LG’s investment, Samsung announced an even larger US$ 3.6 billion investment in February last year to build more OLED panels. Japan Display, another large producer of LCD panels, also announced that it would start mass production of OLED displays in 2018.
It seems that whatever hesitations manufacturers had about OLED technology have been allayed, and it’s likely that OLED could be the predominant display technology in the not-sodistant future.