OLED Market Is Predicted to Witness Rapid Growth in Worldwide Industry to grow at a CAGR 14.3% during 2023 and Market key Players Samsung Electronics, LG Display, Konica and others
OLED technology is predominantly used in gadgets where displays are needed, the prime examples are Mobiles, Laptops, Desktops, Automobiles and Smart watches
The different types of OLEDs are:
• Passive Matrix OLED (PMOLED)
• Active Matrix OLED (AMOLED)
• Transparent OLED
• Foldable OLED
• White OLED
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Global OLED Market was valued at USD 21.01 Billion in the year 2017. OLED market is further estimated to grow at a CAGR of 14.27% from 2018 to 2023 to reach USD 46.79 Billion. APAC region holds the highest market share in 2017 with European region is considered as the fastest growing market in the forecasted period. At a country level, South Korea is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.
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.
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Major points from Table of Contents for Global OLED Industry 2018 Market Research Report include:
1 OLED Market Overview
2 Global OLED Market Competition by Manufacturers
3 Global OLED Capacity, Production, Revenue (Value) by Region (2018-2015)
4 Global OLED Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global OLED Production, Revenue (Value), Price Trend by Type
6 Global OLED Market Analysis by Application
7 Global OLED Manufacturers Profiles/Analysis
8 OLED Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global OLED Market Forecast (2018-2025)
13 Research Findings and Conclusion
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• Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
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• GMI has a well proven Statistical Modeling System for estimates and forecasts.
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• Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
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