Global Organic Light Emitting Diode (OLED) Displays Market Size By Display Panel Type (Rigid, Flexible), By Technology (AMOLED, PMOLED), By Application (Smartphones & Tablets, Smartwatches & Wearables), By Geographic Scope And Forecast

Organic Light Emitting Diode (OLED) Displays Market Size And Forecast

Organic Light Emitting Diode (OLED) Displays Market size was valued at USD 35.24 Billion in 2022 and is projected to reach USD 95.67 Billion by 2030, growing at a CAGR of 13.3% from 2023 to 2030.

The market for Organic Light Emitting Diode (OLED) Displays is expanding because of the rising popularity of digital signage applications and the development of quantum technology. The market for Organic Light Emitting Diode (OLED) Displays is expanding due to rising consumer and commercial product demand for items such as smartphones, TVs, signs, and others, as well as a rise in the desire for environmentally friendly goods. The Global Organic Light Emitting Diode (OLED) Displays Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Organic Light Emitting Diode (OLED) Displays Market Definition

The Organic Light Emitting Diode (OLED) is an organic substance that produces light in response to an electric current. It is an emissive electroluminescent layer. A sequence of organic thin films is sandwiched between two conductors to create organic light-emitting diode (OLED) displays. As emissive displays don’t need backlight, they emit bright light when current is supplied. Compared to LED displays, Organic Light Emitting Diode (OLED) screens are more efficient and smaller. These come in transparent, stretchy, and foldable varieties. They use less energy and provide more brightness, better contrast, a wider variety of colors, and a wider viewing angle.

These screens are highly robust and have a wide operating temperature range.OLED (Organic Light Emitting Diode) displays are organic displays since they are formed of hydrogen and carbon. As such, they are an example of green technology. Digital cameras, smartphones, computers, tablets, VR headsets, TVs, and other devices have embraced Organic Light Emitting Diode (OLED) Displays. The top or bottom emission determines the direction of the emitted light. Bottom emission refers to a system in which the light emitted goes through the substrate used to make the panel and the transparent bottom electrode.

Global Organic Light Emitting Diode (OLED) Displays Market Overview

The market for organic light emitting diode (OLED) displays is expanding due to rising demand and OLEDs’ better performance over conventional LEDs. The market for Organic Light Emitting Diode (OLED) Displays is expanding due to rising demand for different display-based consumer devices worldwide and growing interest in flexible energy-efficient technology. The Organic Light Emitting Diode (OLED) Displays Market is expanding quickly thanks to improved flexible displays and rising consumer demand for gadgets, including smartphones, tablets, laptops and PC monitors, televisions, vehicles, and public transportation.

The market for Organic Light Emitting Diode (OLED) Displays is expanding due to the growing number of electronic devices that use these displays because of their properties such as lightweight and flexible plastic substrates. OLED (Organic Light Emitting Diode) displays exemplify green technology since they do not include toxic metals. They are formed of hydrogen and carbon, hence the term “organic.” Because of this, the market for Organic Light Emitting Diode (OLED) Displays is expanding due to an increase in the adoption of green technologies. However, several industry improvements related to display technology and advances are anticipated to create enormous chances for the Organic Light Emitting Diode (OLED) Displays industry.

Global Organic Light Emitting Diode (OLED) Displays MarketSegmentation Analysis

The Global Organic Light Emitting Diode (OLED) Displays Market is segmented on the basis of Display Panel Type, Technology, Application, and Geography.

Organic Light Emitting Diode (OLED) Displays Market, By Display Panel Type

• Rigid
• Flexible
• Others

Based on Display Panel Type, The market is segmented into Rigid, Flexible, and Others. The Rigid segment is anticipated to dominate the market. OLED displays are becoming increasingly common in smartphones, significant investments have been made in new facilities to make them, there is an excellent desire for improved viewing experiences, and governments all over the globe have provided funding for OLED lighting research.

Organic Light Emitting Diode (OLED) Displays Market, By Technology

• AMOLED
• PMOLED

Based on Technology, The market is segmented into AMOLED and PMOLED. The AMOLED segment is anticipated to dominate the market. Manufacturers increasingly use AMOLED panels in mobile goods because of their superior attributes, such as thinness and brightness, which are anticipated to accelerate market growth.

Organic Light Emitting Diode (OLED) Displays Market, By Application

• Smartphones & Tablets
• Smartwatches & Wearables
• Television & Digital Signage Systems
• Others

Based on Application, The market is segmented into Smartphones & Tablets, Smartwatches & Wearables, Television & Digital Signage Systems, and Others. The main product categories driving consumer segment growth will be smartphones, TVs, and smart wearables (especially smartwatches and VR HMDs).

Organic Light Emitting Diode (OLED) Displays Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Organic Light Emitting Diode (OLED) Displays Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the largest market. The rise in demand for TV display panels and the use of OLED technology in smartphones, digital signs, and the automotive industry supports the market’s expansion.

Key Players

The “Global Organic Light Emitting Diode (OLED) Displays Market” study report will provide valuable insight emphasizing the global market. The major players in the market are 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, Emerson Electric Co., Advantech Co., Ltd., Planar, Rockwell Automation, Inc., Panasonic Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In November 2022, Samsung Malaysia Electronics announced the debut of Samsung OLED, the company’s maiden foray into the fascinating realm of OLED TVs. Samsung OLED leverages Samsung’s position as an industry leader in vivid display technology to produce a screen that pushes the frontiers of home entertainment. It has excellent graphics, a spotless sound design, and a sleek, fashionable aesthetic.
• In March 2022, For the Indian market, Panasonic unveiled a new line of 4K OLED televisions. The new Panasonic OLED TVs, which come in 55 and 65-inch sizes, have a 4K studio color engine, a 4K up converter, micro dimming, motion estimation and composition, a hexa chrome drive, support for HDR 10+, and Dolby Vision.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Organic Light Emitting Diode (OLED) Displays Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Organic Light Emitting Diode (OLED) Displays Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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