Organic Light Emitting Diode (OLED) Market to 2025 by Technology, End-Use Verticals and Geogaphy

The Organic Light Emitting Diode (OLED) market was valued at US$ 12.5 Bn in 2015 and is projected to reach US$ 39.0 Bn in 2025; it is expected to grow at a CAGR of 12.2% from 2015 to 2025.

OLEDs are made up of polymers which emit light when a current is applied. There are various applications in which OLEDs are used such as retail, security, automotive, architecture and others. OLED technology is used in a wide range of consumer electronics including mobile phone displays, Bluetooth headsets, car audio displays, hand held game consoles, MP3 players, digital cameras, and in many other industrial applications. The two major application areas for OLEDs are in Lighting and Display. Presently, the 3 zones with major developmental efforts in flexible OLEDs are East Asia, Europe and North America.

The Organic Light Emitting Diode (OLED) market opportunity is constantly growing and significant capital investments are being made to facilitate competitively priced products in the coming years. The OLED displays available in the market today are still expensive but with the advancement of technology, the prices are expected to decrease. Present advancements to display performance have led to improved product competitiveness and it is anticipated that the demand for smaller displays, particularly smartphones, will grow at an instant rate. Whereas, for the large display market, the demand for flat televisions with OLED displays is expected to grow in the near future.

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The List of Companies

FUTABA CORPORATION
Samsung Electronics Co., Ltd.
Universal Display Corporation
Kunshan Visionox Display Technology Co., Ltd
DLC Display Co., Limited
Pioneer Corporation
Sony Corporation
Koninklijke Philips N.V
Acuity Brands Lighting Inc
SEIKO EPSON CORPORATION
Innolux Corporation
OLEDWorks LLC
LG Electronics Inc
OSRAM GmbH
RITEK Corporation

The OLED market is bifurcated on the basis on Geography into North America, Europe, APAC, SAM and MEA. The production of power saving displays including green technology is driving the growth of OLED market in almost every region. With increased public awareness for eco-friendly products, companies such as, Sony, Apple, Philips and Samsung are improving display efficacy with OLED. Knowing that LCD screens and plasma consume more energy, producers are also making developments with OLED displays that consumes less energy and provide flexibility. The present scenario in the global OLED market shows that APAC is dominating the market followed by North America. Two of the major OLED display manufacturing companies namely LG Display and Samsung Display are majorly concentrated in South Korea, and both the companies are continuously focusing on increasing their production capacity and to manufacture large size OLED panels. Other than the above mentioned companies, most of the OLED display manufacturing companies have their presence in APAC particularly, in Taiwan and China and are investing intensely in the R&D of OLED panels with an aim to enhance productivity by decreasing the cost incurred in the manufacturing process. The growth is expected to increase during the forecasted period with the emergence of new companies investing into OLED manufacturing business and the latest advancements taking place for the development of OLED technology.

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Product development is the commonly adopted strategy by companies to expand their product portfolio. Osram, OLEDWORKS, LG, Acuity Brands, among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global organic light emitting diode (OLED) market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

In 2014, Futaba Corporation announced capital and business alliance with SANKO GOSEI LTD, manufacturer and seller of molding dies and plastic molded products. This will facilitate the company in development of new products and technology, order increase and market exploitation, share facilities and to share practice about management and production.
In February 2016, Samsung announced that the company is developing OLED TV panels by investing around US$ 3 Bn for OLED TV production.

Organic Light Emitting Diode (OLED) Market Segmentation:

Organic Light Emitting Diode (OLED) market - By Type

Passive Matrix Organic Light Emitting Diode (PMOLED)
Active Matrix Organic Light Emitting Diode (AMOLED).

Organic Light Emitting Diode (OLED) market - By Application

OLED Displays
OLED Lighting

Organic Light Emitting Diode (OLED) market - By End-User

Retail Lighting
Security & Signage
Automotive
Consumer Products
Architecture
Others

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This release was published on openPR.