OLED Market to face rise in demand by the end of year 2023
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Samsung Electronics, LG Display, and Konica Minolta are some of the key manufacturers in the OLED market with Samsung Electronics holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, collaboration, and expansion of the distribution network were a few techniques adopted by most of the top manufacturers in recent years.
Grants provided by governments of different Asian countries for OLED panel production
Introduction to flexible smartphones & wearable devices
High investments required to achieve economies of scale
Adoption of OLED lighting by top automotive manufacturers
Introduction of substitute technology like QLED
The commercial segment is expected to hold the highest market share during the forecast period. With the increasing number of smartphone users, there is a demand for advanced technology in the display market. The governments of different countries are also helping the local & top manufacturers of OLED by providing them resources. Thus, OLED has a strong potential across the major countries.
On the other hand, the automotive sector is expected to grow at the highest CAGR during the year 2018-2023. As of now, OLEDs are being used in the rear lights of some top automotive manufacturers. It is predicted that OLEDs will be used extensively in the interiors of the cars in the coming years.
Key Benefits for Stakeholders
• Lighting & Display manufacturers, distributors, and retailers
• Research and Consulting organization
• Electronics & Semiconductor manufacturers
• Display-screen glass manufacturers
• End-use industries
• Regulatory bodies, policy actors, and consumers.
• Others (Smart Watches & Vehicles)
By Product Type
• Others (Transparent OLED, Foldable OLED)
By Industry Type
• Sports & Entertainment
• North America
Key Market Players
• Samsung Electronics Co. Ltd.
• LG Display Co. Ltd.
• Universal Display Corporation
• Koninklijke Philips N.V.
• Osram GmbH
• AU Optronics Corp.
• BOE Technology Group Co
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