Global OLED Polarizer Market Size By Type (Square Polarizer, Circular Polarizer), By Application (Passive-matrix OLED, Active-matrix OLED), By Geographic Scope And Forecast

OLED Polarizer Market Size and Forecast

OLED Polarizer Market size is anticipated to be at USD 3.4 Billion in 2023, it is expected to reach USD 17.7 Billion by 2030, growing at a CAGR of 25.9% from 2024 to 2030.

The OLED displays are becoming more and more in demand for consumer electronics and automotive applications, which is the key factor that is driving the market expansion. The Global OLED Polarizer 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 that are playing a substantial role in the market.

Global OLED Polarizer Market Definition

The market for polarizers used in organic light-emitting diode (OLED) screens is referred to as the OLED Polarizer Market in the electronics sector. Polarizers are crucial parts of OLED displays because they regulate the polarization of the light generated by the OLEDs, enabling the display of clear, colorful pictures.

Manufacturers of polarizers, suppliers of raw materials, and businesses that incorporate OLED displays into their goods, such as producers of smartphones and televisions, are all included in the OLED Polarizer Market. Due to rising demand for high-quality displays across a number of industries, including consumer electronics, automotive, and healthcare, the market is anticipated to expand significantly in the next years.

Global OLED Polarizer Market Overview

Like many other sectors, the OLED polarizer business has been influenced by COVID-19. Global supply networks were disrupted by the epidemic, which resulted in a lack of raw materials and manufacturing delays. The industry, however, has proven resilient and is anticipated to rebound in the next years as a result of the need for high-quality displays across several sectors. The OLED polarizer industry is being stimulated by several factors. High-performance polarizers that can produce sharp, bright, and colorful pictures are becoming more and more necessary as customers continue to demand improved display quality in their electronic gadgets. Demand for high-performance polarizers that can satisfy the needs of next generation displays, particularly foldable and flexible panels, is being driven by the continued development of OLED technology.

OLED displays are widely used in the TV and smartphone sectors, and as these markets expand, so does the need for OLED polarizers. High-performance polarizers are in great demand since OLED displays are employed more often in automobile applications like instrument panels and infotainment systems. The need for OLED polarizers in the healthcare industry is anticipated to increase as OLED displays are used more often in applications such as medical equipment and diagnostic tools. There are a few obstacles that might impede the OLED Polarizer Market growth, despite its bright prospects. OLED polarizer manufacture calls for pricy raw materials and sophisticated manufacturing techniques, which can lead to high production costs. There are few suppliers of the essential raw materials used in OLED polarizers, which might cause supply chain disruptions and restrain the market’s expansion.

OLED displays and polarizers must be made from elements like indium and rare earth metals, which have negative environmental effects and raise questions about sustainability. These factors can slow the development of the OLED Polarizer Market, but long-term growth is anticipated to overcome these obstacles. OLED displays are becoming more and more common in a variety of sectors, such as consumer electronics, transportation, and healthcare, which presents growth prospects for the OLED Polarizer Market. New applications for polarizers and OLED displays are emerging in fields like augmented and virtual reality, which opens new growth prospects.

Global OLED Polarizer MarketSegmentation Analysis

The Global OLED Polarizer Market is segmented Based on Type, Application, and Geography.

OLED Polarizer Market, By Type

• Square Polarizer
• Circular Polarizer
• Others

Based on Types, the market is segmented into Square Polarizer, Circular Polarizer, and Others. The square polarizers are mainly used for the active-matrix OLED displays whereas the circular polarizers are used for passive-matrix OLED displays. In order to minimize the intensity of the light, square polarizers are used widely.

OLED Polarizer Market, By Application

• Passive-matrix OLED
• Active-matrix OLED

Based on Applications, the market is segmented into Passive-matrix OLED, Active-matrix OLED, and Others. The passive-matrix OLED holds the largest market share, and it is anticipated to continue its dominance in the OLED Polarizer Market globally. High brightness, enhanced color reproduction, lower price and power consumption are the main advantages that are boosting the growth of passive-matrix OLED polarizers.

OLED Polarizer Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global OLED Polarizer Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia-Pacific is dominating the OLED Polarizer Market globally. The increasing demand of high-quality display from different industries including medical & healthcare, consumer electronics, and automotive are elevating the growth of the OLED Polarizer Market in the Asia-Pacific region.

Key Players

The “Global OLED Polarizer Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are LGChem, Sumitomo, NITTO, Ace Digitech, POLATECHNO, Shinwha Oppler, Tianma Microelectronics, Fine-Chem, Optimax Technology, Samsung SDI, and BenQ Materials.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• April 2021, In order to increase the viewing angle and colour accuracy of OLED displays, LG Chem has created a new kind of polarizer.
• May 2021, A new form of OLED polarizer created by the University of Michigan researchers uses ultrathin metal layers to polarise light, which could result in more effective and reasonably priced OLED displays.
• July 2021, According to a press release from Nitto Denko Corporation, a new type of polarizer film for OLED displays has been created that is both thinner and more robust than current films.

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 Oled Polarizer Market. We cover the major impacting factors that are responsible for 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 behaviour 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 Oled Polarizer Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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