Organic LED Market Size, Latest Trends, Industry Growth, Leading Companies, Forecast Report 2024-2032

No comments

The latest report by IMARC Group, titled “Organic LED Market by Product Type (Display, Lighting), Technology (Passive-Matrix OLED (PMOLED), Active-Matrix OLED (AMOLED), Transparent OLED, Top-Emitting OLED, White OLED), Application (Television and Monitors, Smartphones, Laptops and Tablets, Automotive, and Others), End Use Sector (Commercial, Residential, Industrial), and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the organic LED market report.

Organic LED Market Size & Trends:

The global organic LED market size reached US$ 45.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 145.8 Billion by 2028, exhibiting a growth rate (CAGR) of 20.84% during 2023-2028.

Factors Affecting the Growth of the Organic LED Industry:

  • Technological advancements:

OLED technology has evolved significantly, leading to improvements in efficiency, brightness, color accuracy, and durability. Manufacturers have made significant strides in developing innovative materials and production processes to enhance the performance and longevity of OLED displays. Concurrently, the development of new organic materials with improved electron transport properties has led to more efficient OLEDs with higher luminous efficiency and longer lifespans. Additionally, advancements in manufacturing techniques, such as inkjet printing and vacuum deposition, have enabled the production of larger and more cost-effective OLED displays. These technological breakthroughs have expanded the potential applications of OLEDs beyond consumer electronics to areas such as automotive lighting, healthcare, and signage, thereby driving market growth.

  • Increasing demand for OLED displays:

The growing demand for OLED displays across various end-use industries is another significant factor fueling market growth. OLED displays offer several advantages over traditional liquid crystal displays (LCDs), including thinner form factors, faster response times, wider viewing angles, and superior image quality with deeper blacks and vibrant colors. As a result, OLED displays are increasingly being adopted in smartphones, tablets, televisions, wearables, and automotive infotainment systems. Furthermore, the rising popularity of flexible and foldable OLED displays has opened up new opportunities in the consumer electronics market, driving demand for OLED panels. The shift towards energy-efficient and environmentally friendly display technologies has further bolstered the adoption of OLEDs, especially in applications where power consumption and carbon footprint are significant considerations.

Other Post You May Be Interested In

  • Growing investments in research and development (R&D):

Companies are investing heavily in R&D activities to develop next-generation OLED technologies, improve production processes, and explore novel applications. Government initiatives and funding support for OLED research are also contributing to advancements in the field. These investments are aimed at addressing key challenges such as improving efficiency, reducing manufacturing costs, enhancing reliability, and expanding the range of applications for OLEDs. Collaborative efforts between industry stakeholders, academic institutions, and research organizations are driving innovation and pushing the boundaries of OLED technology, thereby contributing to market growth.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/organic-led-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

  • AUO Corporation
  • DuPont de Nemours Inc.
  • Futaba Corporation
  • LG Electronics Inc. (LG Corporation)
  • OLEDWorks
  • Osram Licht AG (ams AG)
  • Panasonic Holdings Corporation
  • RITEK Corporation
  • Samsung Electronics Co. Ltd. (Samsung Group)
  • Sony Group Corporation
  • Toshiba Corporation
  • Universal Display Corporation
  • Visionox Technology Inc

Organic LED Market Report Segmentation:

By Product Type:

  • Display
  • Lighting

Display is the largest segment by product type due to increasing adoption in consumer electronics and signage applications.

By Technology:

  • Passive-Matrix OLED (PMOLED)
  • Active-Matrix OLED (AMOLED)
  • Transparent OLED
  • Top-Emitting OLED
  • White OLED

Passive-Matrix OLED (PMOLED) dominates the market by technology owing to its simplicity, lower cost, and suitability for small-sized displays.

By Application:

  • Television and Monitors
  • Smartphones
  • Laptops and Tablets
  • Automotive
  • Others

Television and monitors account for the majority of market share by application due to the rising demand for high-quality displays in home entertainment systems.

By End Use Sector:

  • Commercial
  • Residential
  • Industrial

The residential sector represents the biggest market share by end-use sector due to the growing popularity of OLED TVs and lighting solutions in homes.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific leads the market due to the presence of major manufacturers, high consumer demand, and rapid technological advancements in countries like South Korea, Japan, and China.

Global Organic LED Market Trends:

The increasing focus on sustainability and eco-friendly technologies as consumers become more environmentally conscious is boosting the demand for OLED displays and lighting solutions due to their energy efficiency, recyclability, and reduced carbon footprint compared to traditional technologies. In confluence with this, rising urbanization and the expansion of smart city initiatives aiming to enhance efficiency and sustainability, are boosting the demand for OLED lighting solutions in public spaces, buildings, and infrastructure projects. Furthermore, the proliferation of wearable technology and the Internet of Things (IoT) is further bolstering the demand for lightweight, flexible OLED displays that offer high resolution and low power consumption.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=6653&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

SHARE NOW

Leave a Reply

Your email address will not be published. Required fields are marked *