OLED Market

Introduction:

Organic Light Emitting Diode (OLED) technology has captured the imagination of consumers and industry experts alike in recent years. Vibrant colors, deeper blacks and energy-efficient OLED screens have revolutionized the visual experience of various electronic devices. This blog explores the dynamic landscape of the OLED market, delving into its evolution, technological advances and various applications. From smartphones and televisions to portable and automotive displays, OLED devices are setting new standards for display quality and versatility. 

OLED Market

Size, by Product, - (USD Billion)

Active-Matrix Organic Light-Emitting Diode(AMOLED Display)

Passive Matrix OLED(PMOLED)

Others

Other Products

The Market will Grow

At the CAGR of:

19.4%

The Forecast Market

Size for in USD:

$63.15 Billion

Global OLED market Size Was Estimated At USD 45.95 Billion In 2023 And Is Projected To Reach USD 63.15 Billion By 2032, At CAGR Of 19.4% (2024-2032)

Through the complex world of OLED technology, we reveal the forces behind its rapid adoption, the key players shaping its future and the transformative impact it will have on the consumer electronics industry. Whether you're a techie, industry professional or just curious about the future of display technology, this blog aims to shed light on the exciting developments and opportunities in the OLED market.

Market Overview:

The OLED market report represents the collected information about the industry or the market of different industries. The OLED market report includes both quantitative and qualitative data analysis and the forecast period of the report extends from 2023 to 2030. Various factors such as product prices, distribution of products or services both in the country and in the region are considered while preparing a report levels, country GDP, market dynamics of parent and sub markets, end application industry, key players, consumer buying behavior, economic, political, social scenarios of countries and many others. The report is divided into various segments to provide a detailed analysis of the market from all possible aspects. The overall report focuses on key sections such as - market segments, market outlook, competitive landscape and company profiles. Segments provide details on various aspects such as end-use industry, product or service types, and any other relevant segmentation as per the current market scenario, which includes various aspects to carry out downstream marketing activities. The market outlook section includes a detailed analysis of market developments, growth drivers, restraints, opportunities and challenges, Porter's 5 Force framework, macroeconomic analysis, value chain analysis and pricing analysis that directly affect the market currently and during the forecast period.

Market Trends:

• Growing demand in consumer electronics
• Expansion in automotive displays
• Technological advancements (e.g., foldable displays)
• Shift towards larger OLED panels in TVs
• Competitive landscape among major players
• Environmental benefits and sustainability

Market Drivers:

• Superior image quality
• Flexible and thin form factor
• Energy efficiency
• Growing demand in premium products
• Technological advancements
• Competitive pricing
• Environmental considerations

Market Restraining Factors:

High manufacturing costs: OLED displays can be more expensive to manufacture compared to traditional LCD displays, limiting mass adoption in lower-cost consumer electronics.

Limited production capacity: There have been problems ramping up production capacity for OLED displays, which has limited supply and affected prices.

Lifespan and burn-in issues: OLED displays can experience issues over time, such as screen burn-in, that affect their longevity and reliability, especially in applications that require the continuous display of still images.

Competing LCD technology: LCDs continue to dominate the market due to their established manufacturing infrastructure and lower costs, which is a competitive challenge for OLED adoption, especially for mid-range products.

OLED Market

Share, by end user, (USD Billion)

45.95 Billion %

Smartphone

Smart Watch

Wearable Device

Digital Cameras

Other End-Users

63.15 Billion

Total Market Size

USD (Billion),

19.4%

CAGR

-

Technical challenges: Despite progress, challenges such as improving the efficiency of blue OLEDs and improving the durability of flexible OLEDs remain, affecting their widespread use in certain applications.

Market Opportunities:

• Healthcare applications
• AR/VR devices
• Emerging markets
• Automotive innovations
• Industrial and IoT applications
• Advancements in large-area OLEDs
• Customization and personalization

Key Players:

• Samsung Electronics
• AU Optronics Corp.
• LG Display Co. Ltd.
• Japan Display Inc.
• Innolux Corp.
• E Ink Holdings, Inc.
• Sharp Corp.
• BOE Technology Group Co., Ltd
• Corning Incorporated
• Visionox Corporation

Recent Development:

• July 10 2024, Samsung Electronics will host Galaxy Unpacked in Paris — where the iconic cultural nexus and trend epicenter becomes the perfect backdrop for the rollout of our latest cutting-edge innovations. The event will be streamed live on Samsung.com, Samsung Newsroom and Samsung’s YouTube channel at 3 p.m. CEST, 6 a.m. PDT, 9 a.m. EDT.
• June 24, 2024 – LG Display, the world’s leading innovator of display technologies, announced today that it has started mass production of the industry’s first 13-inch Tandem OLED panel for laptops.

OLED Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

19.4%

The Forecast Market

Size for in USD:

$63.15 Billion

Market Insights:

Technology Adoption: OLED technology is gaining ground in consumer electronics due to its superior display quality and energy efficiency compared to traditional liquid crystal displays.

Competitive Dynamics: Major players such as Samsung Display and LG Display dominate the OLED market, driving innovation and influencing pricing and supply dynamics.

Consumer preferences: Consumers increasingly prefer OLED displays in smartphones, TVs and mobile devices due to their vibrant colors, high contrast and slim form factors.

Industry Trends: Automakers are increasingly incorporating OLED displays into vehicles due to their design flexibility and advanced lighting capabilities that improve user experience and safety.

Innovative Applications: OLED technology is expanding beyond conventional displays into areas such as foldable displays, transparent displays and lighting solutions, paving the way for new product categories and user experiences.

Research Methodology

The qualitative and quantitative data of the OLED Display Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

• Company websites, annual reports, financial reports, investor presentations and SEC filings
• Internal and external proprietary databases, relevant patent, and regulatory databases
• National government documents, statistical databases, and market reports
• News articles, press releases and web-casts specific to the companies operating in the market
• Paid database

Market Segmentation:

By Type

Active-Matrix Organic Light-Emitting Diode(AMOLED Display)

Passive Matrix OLED(PMOLED)

By Application

• Smartphone
• Smart Watch
• Wearable Device
• Digital Cameras
• TV Sets
• MP3 Players
• Radio Decks

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa

• Latin America

  OLED Market TO (USD BN)

  

  CAGR OF

  19.4%

  OLED Market

  

  63.15 Billion %

Stakeholders For OLED market: 

• OLED Display Manufacturers
• Consumer Electronics Brands
• Automotive Manufacturers
• Component Suppliers
• Research Institutions and Universities
• Government Agencies and Regulatory Bodies
• Industry Associations

FAQ (Frequently Asked Questions):

Q.1 How big is the OLED Market?

Ans: - OLED market Size Was Estimated At USD 45.95 Billion In 2023 And Is Projected To Reach USD 63.15 Billion By 2032, At CAGR Of 19.4%.

Q.2 Who are the major players in the OLED Market?

Ans: - Samsung Electronics, AU Optronics Corp., LG Display Co. Ltd., Japan Display Inc., Innolux Corp., E Ink Holdings, Inc., Sharp Corp., BOE Technology Group Co., Ltd, Corning Incorporated, Visionox Corporation

Q.3 Which segments are covered in the report of OLED Market?

Ans: - The OLED Market is Segmented On The Basis Of Type, Application, And Geography.

Q.4 Which regions are covered in the report that having a potential scope for the OLED Market?

Ans: - On the basis of Geography, The OLED Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.