OLED Panel News

Recent industry report about OLED Panel company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ OLED Panel Market industry experts.

OLED Panel News

  • January 2023: At CES 2023, LG Display, a pioneer in display technology, unveiled the third-generation OLED TV panel. The latest OLED TV panel from the manufacturer, based on "META Technology," offers the best possible image quality. The company's most recent OLED displays utilize META Technology to produce pictures that are 60% brighter than those produced by standard OLED productions and with viewing angles that are 30% broader.
  • January 2023: Samsung Display announced it will produce a 77-inch Quantum Dot OLED panel. This company makes Quantum Dot OLED TVs for Samsung Electronics, Sony, and maybe other TV companies eager to adopt the technology.
  • June 2022: LG Electronics introduced the CineBeam Projector and the UltraFine Display OLED in India. The company's two new products claim to provide an exceptional viewing experience with cutting-edge features and an interior-friendly design. LG's WebOS operating system powers the new LG CineBeam HU715Q projector. The 32EP950 UltraFine OLED Pro is a professional-grade monitor with actual 10-bit color, 99 percent DCI-P3 color gamut coverage, and 99 percent Adobe RGB color gamut coverage.
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  • June 2024: SCHOTT has shipped the last segment blanks for the Extremely Large Telescope's (ELT) primary mirror, crafted from its proprietary glass-ceramic, ZERODUR. With a diameter of 39 meters, the ELT's segmented M1 mirror is set to become the most enormous optical telescope mirror ever constructed. Over six years, including four years dedicated to serial production, SCHOTT produced the ZERODUR glass-ceramic mirror substrates at its Mainz, Germany headquarters as a critical contributor to this monumental megaproject.
  • May 2024: Edmund Optics and Quartus Engineering have forged a strategic partnership to deliver sophisticated optomechanical solutions. This collaboration seeks to enhance customer technologies and expedite their market entry. Both companies aim to co-create innovative opto-mechanical designs and systems by pooling their vast engineering and manufacturing expertise. Their joint efforts will also pave the way for new optically-driven products tailored for advanced applications. The partnership will prioritize developing mission-critical solutions, especially in areas demanding high-precision lenses, optical sensors, and vision-enabled automation products.
  • May 2024: Carrier Airconditioning & Refrigeration Limited (Carrier India) unveiled the Made in India – 30 RB Air-Cooled Modular Scroll Chiller. Designed specifically for the evolving demands of the Indian market, this chiller sets new cooling efficiency and reliability standards. It brings added value to sectors, including railways, MES, and metro. This chiller significantly bolsters the Government of India's Vocal for Local Initiatives by prioritizing the diverse requirements of various industrial processes.
  • March 2024: Daikin Industries launched an upgraded Navigator WWV water-cooled screw chiller, utilizing the low-global warming potential (GWP) R-513A refrigerant. This new chiller boasts industry-leading performance and can be paired with the optional Templifier TWV water heater, offering an energy-efficient and cost-effective heat recovery solution. Building owners and operators can reduce utility expenses and expedite their sustainability and decarbonization initiatives by integrating a low-GWP refrigerant with a heat recovery setup.
  • May 2024: Pfeiffer Vacuum and Busch Denmark collaborated to host a Vacuum Day at the Technical University of Denmark (DTU) in Copenhagen. This event offered participants a deep dive into fundamental technologies for vacuum generation and measurement alongside practical applications of these products in experiments. For instance, participants discovered the straightforward maintenance process of Pfeiffer Vacuum's HiPace turbomolecular vacuum pump and HiScroll vacuum pumps. A key highlight was the discussion on energy savings made possible by the innovative HiScroll fitting.
  • March 2024: Pfeiffer Vacuum's HiCube Neo vacuum pumping station, boasting pumping speeds from 80 to 800 l/s, is designed for high and ultra-high vacuum applications. The HiCube Neo's versatility shines through its compatibility with various backing pumps, including diaphragm, rotary vane, scroll, and multi-stage Roots pumps. This adaptability positions the turbo pumping station as an ideal choice for both industrial and research & development applications. Typical applications encompass gas analysis, vacuum gauge calibration, cryostat pumping, and operation in vacuum furnaces. Whether as a compact desktop solution or a standalone unit, the HiCube Neo seamlessly meets diverse requirements.
  • May 2024: Daikin announced its plan to build a new custom HVAC and computer room AHU manufacturing facility in Tijuana, Mexico. It will be built in partnership with its subsidiary, Alliance Air Products. The new 460,000-square-foot facility will help Daikin expand its presence in Mexico. This, in turn, will allow the company to serve customers in Mexico for end-to-end HVAC solutions. The production of the USD 121 million facility is expected to be completed.
  • April 2024: Hartell, a prominent pump manufacturer based in the US, launched its venture into the Latin American market. Leveraging over six decades of experience, Hartell, known for its industrial and commercial pump innovations, is entering Latin America through a strategic collaboration with Mr. German Beroes of HVAC Global representative. Hartell specializes in crafting condensate removal pumps, utility sink pumps, and OEM icemaker replacement pumps tailored for the HVAC, plumbing, refrigeration, and icemaking sectors.
  • April 2024: Major airports in India, such as those in Delhi, Mumbai, and Bengaluru, trialed full-body scanners to streamline passenger movement. Initially slated for installation at airports with over 10 million annual passengers, the rollout faced delays due to equipment import holdups. Despite this setback, Delhi and Bengaluru airports are leading the charge, with Delhi targeting a complete installation by the FY 2024 second half, while Bengaluru is in the trial phase. These scanners are anticipated to slash passenger screening times by half, potentially reducing the 30-second manual frisking process to 15 seconds.
  • January 2024: Liberty Defense secured a contract to deploy its HEXWAVE security portal at an international airport in the Philippines, marking its debut in the Asia-Pacific airport market. According to the agreement, the screening will be conducted at the terminal's forecourt, screening people as they enter.
  • August 2024: Apple has developed an innovative head-mounted design featuring adjustable sidewall structures. These sidewalls darken when the user views content and revert to transparency when not in use. This head-mounted device boasts adjustable sidewall structures that seamlessly switch between opaque, transparent, and partially transparent modes. The opaque mode prevents ambient light from entering the head-mounted device, ensuring users remain unaware of their surrounding environment. This feature enhances the user's immersive experience. Additionally, the device incorporates front-facing cameras and other sensors to monitor and gather information about its surrounding environment.
  • January 2024: Sony Corporation has introduced its development of an advanced spatial content creation system. This system features an XR head-mounted display, boasting high-performance 4K OLED Microdisplays*2 and a video see-through function. Accompanying the display are controllers designed for intuitive 3D object interaction and accurate pointing. Targeting creators, this system is set to elevate the standards of 3D content creation. Furthermore, Sony is set to partner with diverse developers of 3D production software, spanning both entertainment and industrial design sectors.
  • September 2024: Siemens Limited launched private industrial 5G user equipment, marking a pivotal step for the manufacturing industry's digital transformation. Siemens introduced its inaugural industrial 5G routers, Scalance MUM856-1 and MUM853-1, designed to bolster mobile broadband transmission, facilitate massive machine-type communication, and ensure ultra-reliable low latencies.
  • February 2024: Robustel expanded its 5G router lineup with the R5010 High Speed 5G Router. This router supports both 5G NSA (non-standalone) and 5G SA (standalone) networks, and is compatible with 3GPP Release 16. Measuring just 10cm, the R5010 boasts a compact design, offers multiple power supply options (PoE & USB), and features an Ethernet/USB Modem Mode, making it ideal for enterprises seeking high bandwidth Fixed Wireless Access or mobile internet.
  • August 2024: ABB has inked a deal to acquire the Fodisch Group, known for its advanced measurement and analysis solutions designed for the energy and industrial sectors. This move bolsters ABB's Continuous Emission Monitoring Systems (CEMS) offerings and amplifies its edge in technology and innovation. With this acquisition, ABB is set to expand its portfolio, addressing even its clientele's most stringent measurement challenges.
  • July 2024: Digitization and Verification of Marine Live Emission Data (DIVMALDA) is the title of a groundbreaking research and development initiative spearheaded by a consortium led by SICK AG. In collaboration with its partners, SICK AG has unveiled a pioneering project focused on the automated and verified real-time measurement of ship emissions. The consortium's unified objective is to craft a solution that facilitates the real-time digital collection and official verification of ship emissions data. This innovation promises to establish the data as a trustworthy foundation for various processes, including reporting, monitoring, and emissions trading.
  • February 2024: Samsung Display presented robust foldable panels and introduced Flex Magic Pixel OLED technology, which collaborates with AI-enabled smart devices to enhance security measures. The artwork 'Mr. OLEDboy,' created by the esteemed London-based fashion illustrator Mr. Slowboy, imagines the future shaped by OLED technology.
  • January 2024: Apple announced the introduction of a new midrange iPhone model. According to a report, the forthcoming iPhone SE 4, which represents the fourth generation of the 'Special Edition' iPhone, is anticipated to include an OLED display produced by a Chinese manufacturer.
  • August 2023: Oriental Motor announced the release of the new electric gripper, the EH Series 3-Finger Type. This new 3-Finger Type electric gripper can gently grip irregularly shaped objects, such as spheres, cylinders, and human fingertips. It is equipped with an αSTEP AZ Series Motor, suitable for gripping cylinders, complex shapes, and sphere-shaped objects. It is compact and lightweight and available with an installation cover (gripper arms are not included).
  • July 2023: MOONS' Electric Co. Ltd inaugurated its manufacturing facility in the VSIP Industrial Park in Haiphong, Vietnam's third largest city. This state-of-the-art plant primarily produces stepper motors, wiring harnesses, and other supporting components. The successful commencement of operations at this facility represents a significant milestone in MOONS' endeavor to establish international manufacturing hubs. Such increasing developments are expected to drive the growth of the market.

OLED Panel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)