OLED Market size was valued at USD 40.75 Bn. in 2023 and is expected to reach USD 108.66 Bn. by 2030, at a CAGR of 15.04%.
OLED Market Overview
Organic Light Emitting Diodes (OLEDs) are advanced display technologies composed of organic thin films situated between two conductive electrodes. When an electric current is applied, charge carriers migrate through the organic layers, forming excitons that emit light through electroluminescence. Since their inception, OLED displays have gained traction in handheld devices and continue to thrive in the mobile sector, being utilized in gaming, audiovisual applications, and various consumer electronics, including smartphones, cameras, wearables, and small TVs. The benefits of OLED technology, such as low energy consumption and superior display quality, make it ideal for portable devices. Major vendors like LG, Samsung, Sony, Panasonic, and Vizio offer OLED TVs, with LG Display being a key global leader in OLED panel production.
OLED Market Report Scope and Research Methodology
The report analyzes the strategies of the top players in the OLED industry. It gives insight into different market segments and regions. Market dynamics like drivers, restraints, opportunities, and challenges are analyzed both regionally and by segment. The OLED Market report uses a bottom-up approach to estimate the market size globally and regionally. SWOT and descriptive analyses provide key information. The study aims to deliver important insights on the OLED Market. Data is collected using qualitative and quantitative methods to track market trends. The future market outlook is evaluated considering R&D projects, innovative practices, and market consolidations.
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Market Dynamics
Advancements Driving OLED Market Growth: The OLED market is expanding due to rapid technological advancements. For instance, Samsung Display introduced QD-OLED panels, which use a blue OLED layer combined with Quantum Dots to convert blue light into red and green, improving color accuracy and efficiency compared to traditional OLEDs. OLED displays are renowned for their vibrant colors, high contrast ratios, and quick response times, surpassing traditional LCDs. Innovations such as flexible and transparent OLEDs, as well as next-generation technologies like Micro-OLED and QD-OLED, are poised to transform the display industry, fueling further growth in the OLED market.
New Developments: LG Display's recent advancements include ultra-high brightness OLEDs for virtual reality (VR) and 4K OLEDs for smartwatches with glasses-free 3D technology. Notable introductions also include 83-inch OLED TVs with META Technology 2.0 offering 3,000 nits brightness and 27-inch 480 Hz QHD Gaming OLED panels. Additionally, advancements in automotive displays, including thin OLEDs and Tandem OLED technology, are enhancing display solutions in vehicles.
OLED Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the OLED market status in various countries. The OLED market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
OLED Market Segmentation
By Technology: The Active-Matrix OLED (AMOLED) segment led the OLED market in 2023 and is expected to maintain its lead. AMOLED technology is favored for its high brightness, low power consumption, and excellent display quality, making it suitable for a range of devices including media players, mobile phones, and digital cameras. The growth in AMOLED adoption is further supported by continuous innovations from major players like Samsung Electronics, which has launched devices such as the Galaxy A51 5G and Galaxy A71 5G featuring Super AMOLED displays.
By Type: The display segment is anticipated to grow rapidly, driven by the increasing application of OLED technology in digital displays for devices like computer monitors, TVs, and portable electronics. The rise of near-to-eye display applications, including electronic viewfinders (EVFs), head-up displays (HUDs), and virtual reality (VR) headsets, is expected to propel market expansion. Additionally, significant investments in OLED production, such as LG Display’s $9 billion investment in an OLED TV plant and Apple's anticipated OLED display sourcing from Samsung, further indicate robust market growth.
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OLED Market Key Players
Asia Pacific OLED Manufacturers
FUTABA CORPORATION (Japan)
Samsung Electronics Co., Ltd. (South Korea)
DLC Display Co., Limited (China)
Sony Corporation (Japan)
Kunshan Visionox Display Technology Co., Ltd (China)
SEIKO EPSON CORPORATION (Japan)
Innolux Corporation (Taiwan)
LG Electronics Inc. (South Korea)
RITEK Corporation (Taiwan)
Panasonic (Japan)
North America OLED Leading Companies
Universal Display Corporation (USA)
Acuity Brands Lighting Inc. (USA)
OLEDWorks LLC (USA)
Europe OLED Key Players
OSRAM GmbH (Germany)
Nokia (Finland)
Koninklijke Philips N.V. (Netherlands)
Others
Key questions answered in the OLED Market are:
- What is OLED?
- What was the OLED market size in 2023?
- What is the growth rate of the OLED Market?
- Which are the factors expected to drive the OLED market growth?
- What are the different segments of the OLED Market?
- What growth strategies are the players considering to increase their presence in OLED?
- What are the upcoming industry applications and trends for the OLED Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the OLED Market?
- What segments are covered in the OLED Market?
- Who are the leading companies and what are their portfolios in OLED Market?
- What segments are covered in the OLED Market?
- Who are the key players in the OLED market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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