According to a report by Nikkei Asia, Canon has successfully developed its own QD-OLED display technology, positioning itself as the second company to achieve this feat after Samsung Display. This significant development allows Canon to directly compete with Samsung, which currently dominates the market for QD-OLED TVs and monitors. However, it is not just the competition that makes this news noteworthy; there are additional factors that promise to delight QD-OLED enthusiasts.
Unlike Samsung's technology, which relies on the use of indium, a scarce material found exclusively in China, Canon's QD-OLED technology reportedly utilizes lead, a more widely available and consequently less expensive resource. The report from Nikkei Asia suggests that the amount of lead required for manufacturing QD-OLED panels using Canon's technology could cost a mere fraction of what is required for indium-based panels produced using Samsung's technology.
The potential implications of Canon's technological breakthrough are immense. The reduced manufacturing costs associated with QD-OLED panels created using Canon's technology could lead to significantly lower prices for such displays. This affordability would make QD-OLED TVs and monitors accessible to a broader audience, driving wider adoption of this advanced display technology. Additionally, Canon's innovative approach would also alleviate the industry's reliance on indium sourced from China, diversifying the supply chain and reducing dependence on rare materials.
At present, there is limited information available regarding Canon's plans for its newly-developed QD-OLED technology. One possibility is that the company may retain the technology for internal use, incorporating it into the manufacturing of viewfinders for its DSLR cameras. However, such a decision would overlook the transformative potential of Canon's QD-OLED technology, which has the power to reshape the OLED market and drive sustainability by reducing the consumption of rare materials. If Canon decides to enter the OLED market with its new technology, Samsung could face significant challenges in maintaining its position of dominance.