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

Global OLED Display Market was worth USD 45.8 billion in 2022 and is expected to grow to USD 111.82 billion by 2029 at a CAGR of 13.6%. An OLED (Organic Light Emitting Diode) display is a flat panel display technology that uses organic materials to emit light. OLED technology is considered to be better than that of LCD’s and is preferred worldwide due to its multiple advantages over LCDs such as better contrast, faster response time, and lower power consumption. It was also observed that the growth rate for the OLED display market was 22.6% for the year 2021-2022 due to the influence of COVID-19 and Russia-Ukraine war. The growth of the market is attributed to the increasing adoption of OLED displays in smartphones, televisions and multiple other consumer electronic devices. But there also lies a bar to the growth in this industry because of the falling market prices and longer life of the LCDs. Many such reasons halt the industry to grow any further unless fresh, better and cheaper technology arrives in the OLED Display market. Also, the industry is primarily focussed in the Asia-Pacific region for manufacturing because of reduced raw material and labour costs as well as cost effective production methodology.OLED Displays MarketTo know about the Research Methodology :- Request Free Sample Report

OLED Display Market Dynamics

The global OLED market has grown rapidly in recent years, owing to rising demand for OLED displays in consumer devices such as smartphones, televisions, and smartwatches. When compared to typical LCD displays, OLEDs have superior picture quality, better colour accuracy, stronger contrast, and faster response times, making them very appealing to consumers. Asia-Pacific is the dominant region in the global OLED market, owing to the presence of major OLED display manufacturers in countries like Japan, South Korea and China. These countries have been investing heavily in OLED technology, and as a result, they account for the largest share of OLED production and sales globally. Also, the automobile industry is expected to drive the growth of the OLED display market in the future years, as OLEDs are increasingly being used in car displays and lighting systems. OLED technology is particularly attractive for automotive lighting due to its high energy efficiency and low heat emission. Similarly, the OTT platform and the entertainment industry has led to a steady and steep growth in the OLED display market. According to recent studies conducted, internet video streaming contributes to 90% of the internet traffic. However, the market faces some challenges, such as high cost of production and the limited lifespan of OLED displays. Since, OLED displays have a shorter lifespan compared to traditional LCD displays, which may discourage some consumers from purchasing OLED based products which is a major restraint to the market. Nevertheless, ongoing research and development in OLED technology are expected to overcome these challenges and lead to further growth in the OLED market in the future.

OLED Display Market Segment Analysis

By Type: The OLED Display market is further segmented into multiple segments based on types such as flexible, transparent and rigid OLEDs. This distinction is primarily made on the basis of materials used for manufacturing. The flexible OLED display market is subjected to a higher growth rate compared to others. While the transparent OLED display market shows a growth rate of 44.7% in the recent years.OLED Displays Market1By Technology: The OLED display market is segmented on the basis of technology used into Passive-Matrix OLED (PMOLED), Active-Matrix OLED (AMOLED), Top-Emitting OLED (TEOLED), White OLED (WOLED), Red-Green-Blue OLED (RGB-OLED), Foldable OLED (F-OLED). With PMOLED being the foundation technology from which OLED display industry began its expansion. AMOLED stands out to be the technology of the future and projects highest growth rate in the segment. The increase in the demand curve for AMOLED display is very steady and steep inclining upwards. As AMOLEDs are preferred all across the globe and throughout every region. By End-User: The market is further divided into segments such as Consumer electronics, Automotive, Industrial, Retail and Advertising etc. The automotive sector of the market is projected to the highest growth rate because of the increase in demand for highly integrated electronic systems in automobiles. Also, the growth of various OTT platforms and entertainment industry have also led to a gradual expansion in the market of consumer electronics for smart OLED display systems.

OLED Display Market: Regional Insights

Asia-Pacific: The Asia-Pacific region is projected to be the largest market for OLED displays due to the presence of major manufacturers such as Samsung and LG. The region is also experiencing increase in demand for OLED displays in the consumer electronics, automotive, and industrial sectors. China, South Korea and Japan are the leading countries for the market in this region for their extensive research methodologies and innovations in this sector. North America: The North American OLED display market is expected to grow due to the increasing demand for smartphones, televisions, and other consumer electronics that use OLED displays. The region is also home to many OLED manufacturers, which is driving growth in the market. USA is the market leader in this region. Europe: This region is recently investing heavily in the research and development of new OLED display technologies to cut short on their trading and import expenses. The progress reports on UK, Germany and Spain show high on such investments. Middle East and Africa: The Middle East and Africa are expected to see growth in the OLED display market due to increasing demand for consumer electronics and investments in infrastructure development. South America: The Latin American market for OLED displays is expected to grow due to increasing demand for televisions and smartphones.

OLED Display Market Scope: Inquire before buying

OLED Display Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 45.8 Bn.
Forecast Period 2023 to 2029 CAGR: 13.6% Market Size in 2029: US $ 111.82 Bn.
Segments Covered: by Type • Flexible • Transparent • Rigid
by Technology • Passive-Matrix OLED(PMOLED) • Active-Matrix OLED(AMOLED) • Top-Emitting OLED(TEOLED) • White OLED(WOLED) • Red-Green-Blue OLED(RGB-OLED) • Foldable OLED(F-OLED)
by End User • Consumer electronics • Automotive • Industrial • Retail and Advertising

OLED Display Market Regional Insights:

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Competitive Landscape in OLED Display Industry

• Samsung Display • LG Display • BOE Technology Group • Sony Corporation • Universal Display Corporation • Tianma Microelectronics • JOLED Inc. • AU Optronics • Panasonic Corporation • Sharp Corporation • Konica Minolta • Visionox • Truly International • Royole Corporation • EDO Corporation • Raystar Optronics • RiTdisplay • Japan Display Inc. • Futaba Corporation • EverDisplay Optronics. FAQs: 1. What are the growth drivers for the OLED Display Market? Ans. Increasing demand for highly integrated automobile systems and the increasing popularity of OTT platforms are expected to be the major driver for the OLED Display Market. 2. What is the major restraint for the OLED Display Market growth? Ans. High cost of production, limited lifespan and price fluctuations are the major restraining factor for the OLED Display Market growth. 3. Which region is expected to lead the global OLED Display Market during the forecast period? Ans. Asia Pacific is expected to lead the global OLED Display Market during the forecast period, with a CAGR of 15%. 4. What is the projected market size & growth rate of the OLED Display Market? Ans. The OLED Display Market size was valued at USD 45.8 Billion in 2022 and the total OLED Display revenue is expected to grow at a CAGR of 13.6% from 2022 to 2029, reaching nearly USD 111.82 Billion. 5. What segments are covered in the OLED Display Market report? Ans. The segments covered in the OLED Display Market report are Type, Technology, End-user, and Region.
1. OLED Display Market: Research Methodology 2. OLED Display Market: Executive Summary 3. OLED Display Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. OLED Display Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. OLED Display Market: Segmentation (by Value USD and Volume Units) 5.1. OLED Display Market, by Type (2022-2029) 5.1.1. Flexible 5.1.2. Rigid 5.1.3. Transparent 5.2. OLED Display Market, by Technology (2022-2029) 5.2.1. Automotive 5.2.2. Passive-Matrix OLED(PMOLED) 5.2.3. Active-Matrix OLED(AMOLED) 5.2.4. Top-Emitting OLED(TEOLED) 5.2.5. White OLED(WOLED) 5.2.6. Red-Green-Blue OLED(RGB-OLED) 5.2.7. Foldable OLED(F-OLED) 5.3. OLED Display Market by End-User (2022-2029) 5.3.1. Consumer electronics 5.3.2. Automotive 5.3.3. Industrial 5.3.4. Advertising 6. North America OLED Display Market (by Value USD and Volume Units) 6.1. North America OLED Display Market, by Technology (2022-2029) 6.2. North America OLED Display Market, by End User (2022-2029) 6.3. North America OLED Display Market, by Country (2022-2029) 6.3.1. United States 6.3.2. Canada 6.3.3. Mexico 7. Europe OLED Display Market (by Value USD and Volume Units) 7.1. Europe OLED Display Market, by Technology (2022-2029) 7.2. Europe OLED Display Market, by End User (2022-2029) 7.3. Europe OLED Display Market, by Country (2022-2029) 7.3.1. UK 7.3.2. France 7.3.3. Germany 7.3.4. Italy 7.3.5. Spain 7.3.6. Sweden 7.3.7. Austria 7.3.8. Rest of Europe 8. Asia Pacific OLED Display Market (by Value USD and Volume Units) 8.1. Asia Pacific OLED Display Market, by Technology (2022-2029) 8.2. Asia Pacific OLED Display Market, by End User (2022-2029) 8.3. Asia Pacific OLED Display Market, by Country (2022-2029) 8.3.1. China 8.3.2. South Korea 8.3.3. Japan 8.3.4. India 8.3.5. Australia 8.3.6. Indonesia 8.3.7. Malaysia 8.3.8. Vietnam 8.3.9. Taiwan 8.3.10.Bangladesh 8.3.11.Pakistan 8.3.12.Rest of Asia Pacific 9. Middle East and Africa OLED Display Market (by Value USD and Volume Units) 9.1. Middle East and Africa OLED Display Market, by Technology (2022-2029) 9.2. Middle East and Africa OLED Display Market, by End User (2022-2029) 9.3. Middle East and Africa OLED Display Market, by Country (2022-2029) 9.3.1. South Africa 9.3.2. GCC 9.3.3. Egypt 9.3.4. Nigeria 9.3.5. Rest of ME&A 10. South America OLED Display Market (by Value USD and Volume Units) 10.1. South America OLED Display Market, by Technology (2022-2029) 10.2. South America OLED Display Market, by End User (2022-2029) 10.3. South America OLED Display Market, by Country (2022-2029) 10.3.1. Brazil 10.3.2. Argentina 10.3.3. Rest of South America 11. Company Profile: Key players 11.1. Samsung Display 11.2. LG Display 11.3. BOE Technology Group 11.4. Sony Corporation 11.5. Universal Display Corporation 11.6. Tianma Microelectronics 11.7. JOLED Inc. 11.8. AU Optronics 11.9. Panasonic Corporation 11.10. Sharp Corporation 11.11. Konica Minolta 11.12. Visionox 11.13. Truly International 11.14. Royole Corporation 11.15. EDO Corporation 11.16. Raystar Optronics 11.17. RiTdisplay 11.18. Japan Display Inc. 11.19. Futaba Corporation 11.20. EverDisplay Optronics. 12. Key Findings 13. Industry Recommendation
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