OLED (Organic Light Emitting Diode) is an emerging display technology that uses electroluminescence from organic compounds to emit light. OLEDs offer brighter, thinner, and more flexible displays compared to traditional LCD screens. They consist of a series of thin organic layers sandwiched between an anode and cathode, which emit light when electric current is applied. While offering benefits like high contrast and low power consumption, OLEDs currently have drawbacks such as higher costs and limited lifespan.