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Exploring the Exciting Prospects of the Organic Light Emitting Diode (OLED) Market to Set New Revenue Growth by 2032 || Panasonic Corporation, Schneider Electric SE, Toshiba Corporation
Organic Light Emitting Diode (OLED) Market
The Business Research Company's Organic Light Emitting Diode (OLED) Global Market Report 2023 identifies the increased use of smartphones is the major driver for the organic light emitting diode (OLED) market's growth in the forecast period. Smartphones are portable electronic devices that let users browse the internet, send text messages, and make phone calls. OLED smartphone technology offers benefits, including vivid colors, deep blacks, power efficiency, flexibility, and enhanced visual experiences. For instance, in February 2023, according to the UK Office of Communications, a UK-based intergovernmental organization, there were 71.8 million mobile connections in the UK at the beginning of 2022, representing a rise of 3.8% from 2021 (about 2.6 million) and 4.2 million higher than the country's total population.
The global OLED market is expected to grow from $36.59 billion in 2022 to $41.95 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The OLED market is expected to reach $69.06 billion in 2027 at a CAGR of 13.3%.
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Major competitors in the OLED market are Panasonic Corporation, Schneider Electric SE, Toshiba Corporation, BOE Technology Group Co. Ltd., LG Display Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., AUO Corporation, Tianma Microelectronics Co. Ltd., Japan Display Inc., Truly Semiconductors Ltd, OSRAM Licht AG.
A key trend in the organic light emitting diode (OLED) market includes product innovation. Major companies operating in the OLED market are developing innovative products to sustain their position in the market. For instance, in January 2023, Lenovo, a China-based company specializing in creating, producing, and promoting consumer electronics, unveiled the versatile dual-screen Yoga Book 9i gadget. It is the first laptop with a full-sized OLED dual screen and has unique capabilities designed to support creativity. These features include twin-screen flexibility, multi-mode functionality, and enhanced entertainment possibilities.
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The organic light emitting diode (OLED) market is segmented -
1) By Product Type: Display, Lighting
2) By Technology: Active-Matrix OLED, Passive-Matrix OLED, Foldable OLED, White OLED, Transparent OLED, Other Technologies
3) By Display Panel Type: Rigid, Flexible, Other Display Panels
4) By End-User: Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace And Defense, Healthcare, Other End-Users
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the OLED market.
The Business Research Company's "Global Organic Light Emitting Diode (OLED) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Organic Light Emitting Diode (OLED) Market Include:
1. Executive Summary
2. Organic Light Emitting Diode (OLED) Market Characteristics
3. Organic Light Emitting Diode (OLED) Market Trends And Strategies
4. Organic Light Emitting Diode (OLED) Market - Macro Economic Scenario
5. Organic Light Emitting Diode (OLED) Market Size And Growth
……………
27. Organic Light Emitting Diode (OLED) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Organic Light Emitting Diode (OLED) Market
29. Organic Light Emitting Diode (OLED) Market Future Outlook And Potential Analysis
30. Appendix
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