OLED Display Market: Global Industry Analysis and Forecast (2022-2029)

OLED Display Market size was valued at US$ 31.74 Billion in 2021 and the total OLED Display revenue is expected to grow at 13.8% through 2022 to 2029, reaching nearly US$ 89.28 Billion.
OLED Display Market Overview:
An organic light-emitting diode (OLED) is a type of light-emitting diode in which the emissive electroluminescent layer is a film of organic compounds that produces light in response to an electric current. In the display business, OLED technology has achieved a large market share in 2021. OLED displays are currently mass-produced for mobile phones, tablets, televisions, and wearable devices.

The global OLED display market is expected to grow considerably throughout the projected period (2022-2029). OLED technology is being employed in an expanding variety of applications, which is projected to push the market considerably over the next several years. Increasing investment and demand for consumer goods that utilize this technology, including mobile phones and cameras, are projected to benefit the sector. Although OLEDs outperform LCDs in terms of performance, falling LCD prices are projected to limit industry growth. LCDs also have a longer life duration; as a result, they are favored in consumer durables. Manufacturing activities were mostly focused in the Asia Pacific area due to reduced raw material and labor costs. It is critical to developing cost-effective production procedures to overcome business obstacles and lower total pricing.

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Global OLED Display Market Dynamics:
OLEDs are predicted to replace LCDs in most applications during the forecast period, from small screens for smart watches to big displays for television sets. OLED displays are more energy-efficient, sunlight-readable, and recyclable than LCDs. OLED displays' high brightness, low power consumption, and higher contrast ratio are driving factors in their widespread acceptance in a variety of applications. Similar benefits offered by alternative technologies such as micro-LED and direct-view LED are going to be a major restraint for the OLED market. For example, the market for Micro-LED technology-based display panels is predicted to grow fast due to the technology's benefits over other display technologies such as LCD and OLED. The technology provides benefits such as quicker reaction time, better brightness, and longer device run life, particularly for retail and business applications. According to a Cisco estimate, Internet video streaming accounted for 90% of internet traffic in 2021. Smart OLED TVs are altering the notion of entertainment and revolutionizing the entertainment business for these reasons. Increased disposable income as a result of global economic growth is projected to result in the widespread adoption of luxury items such as curved OLED TVs.
Global OLED Display Market Segment Analysis:
By Type: The market is sub-segmented into transparent, flexible, and rigid OLED displays. The distinction is made because of their substrate type. The flexible OLED sub-segment is projected to gain the highest market growth out of all other sub-segments. Transparent and Rigid OLED segments are projected to grow at CAGR of xx% and xx% respectively.



By Technology: Active Matrix OLED and Passive Matrix OLED are two types of OLED technology. While PMOLEDs was first utilized for MP3 players, AMOLED is now the standard technology for mobile phones and other screens. They are also utilized in portable gaming machines and are not limited in size or resolution. The market for AMOLED displays is growing by the day. Its imprint may be found in every part of the globe.

America, Europe, Asia-Pacific, and the rest of the globe are among the regions in which they operate. America, which encompasses North America (the United States and Canada) and South America, is the greatest center for the production and consumption of AMOLED microdisplays. This is due to the growing population and the resulting demand for improved consumer items.

The European area, which comprises Germany, the United Kingdom, France, Russia, and Italy, is likewise developing its AMOLED display market. This is due to an increase in the demand for smartphones, tablets, and monitor displays. The expanding car sector has also increased demand for AMOLED screens and associated items. AMOLED displays are used in the automobile play systems that are installed.

By End-Users: The market is further sub-segmented into consumer electronics, automobiles, industrial and professional equipment, and others. Consumer electronics are expected to take the lead. Mobile phones were the most prevalent end-use sector for OLEDs in 2021, accounting for more than half of the entire market share. Since technological advancements have aided in the manufacture of large-sized displays, their use in television sets is also gaining traction. OLEDs are used in a wide range of components in high-end consumer electronics products. Other electrical devices, such as microwave ovens and washing machines, employ OLEDs to help make the product more environmentally friendly.


Global OLED Display Market Regional Insights:
The Asia-Pacific region leads the OLED Display market in terms of market share due to strong demand for OLED display panels from smartphone vendors and OEMs in China, Japan, Taiwan, and South Korea. Furthermore, the bulk of display producers and numerous significant original brand manufacturers are headquartered in Asia-Pacific. Many activities linked to OLED displays, such as R&D, production, and assembly, are being relocated to China due to the cheap cost of logistics operations associated with the supply of final products in the OLED display industry.

China is also growing as a prominent consumer goods manufacturing base, with local businesses increasing their market share across the board. Because of the trade conflict between the United States and China, a big percentage of the Chinese government's budget is flowing into the display business. In contrast, the semiconductor business, which is one of the most aggressively promoted industries, foreshadows troubles.

Despite its modest size, South Korea invests in academic research and development for OLED technology. Electronics giants such as LG and Samsung are making significant investments in the country. In the middle of the COVID-19 scenario, many Chinese electronic manufacturing businesses are struggling to get appropriate production capacity from package suppliers. If this manufacturing slowdown continues for a lengthy time, these enterprises may be forced to file for bankruptcy or be acquired. Furthermore, the electronic manufacturing services and original design manufacturing industries are facing problems as a result of a decreased number of workers returning to work.

The objective of the report is to present a comprehensive analysis of the global OLED Display market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global OLED Display market dynamics, structure by analyzing the market segments and projecting the global OLED Display market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global OLED Display market make the report investor’s guide.
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Global OLED Display Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 31.74 Billion.


Forecast Period 2022 to 2029 CAGR:
13.8%
Market Size in 2029:
US $ 89.28 Billion.


 Segments Covered:
by Type
• Flexible
• Rigid
• Transparent


by Technology
• PMOLED Display
• AMOLED Display


by End-Users
• Consumer electronics
• Automotive
• Industrial and Professional Equipment
• Others



Global OLED Display Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global OLED Display Market Key Players
• Samsung Display
• Sharp Corp.
• Sony Corporation
• BOE Technology Group Co. Ltd.
• Innolux Corporation
• AU Optronics
• Beijing Opto-Electronics
• Chimei Innolux Corp.
• Dresden Microdisplay
• Japan Display Inc.
• LG Display Co. Ltd.
• Panasonic Corporation
• Novaled GmbH (Samsung SDI Co. Ltd.)
• Universal Display Corporation
• Visionox
• Winstar Display
• Wisechip Semiconductor

FAQs:

1. Which region has the largest share in Global OLED Display Market?
Ans: Asia Pacific region holds the highest share in 2021.

2. What is the growth rate of Global OLED Display Market?
Ans: The Global OLED Display Market is growing at a CAGR of 13.8% during forecasting period 2022-2029.

3. What is scope of the Global OLED Display market report?
Ans: Global OLED Display Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global OLED Display market?
Ans: The important key players in the Global OLED Display Market are – Samsung Display, Sharp Corp., Sony Corporation, BOE Technology Group Co. Ltd., Innolux Corporation, AU Optronics, Beijing Opto-Electronics, Chimei Innolux Corp., Dresden Microdisplay, Japan Display Inc., LG Display Co. Ltd., Panasonic Corporation, Novaled GmbH (Samsung SDI Co. Ltd.), Universal Display Corporation, Visionox, Winstar Display and Wisechip Semiconductor

5. What is the study period of this market?
Ans: The Global OLED Display Market is studied from 2021 to 2029.