OLED Market Information, Figures and Analytical Insights 2029

The global OLED Market has experienced a significant upswing, reaching a substantial valuation of US$ 36.24 billion in 2022. Forecasts indicate a robust Compound Annual Growth Rate (CAGR) of 13.9%, propelling the market towards an estimated US$ 90.13 billion by 2029. This surge is attributed to the soaring demand for OLED displays, particularly in smartphones, wearables, laptops, and televisions. Key players like Samsung have played a pivotal role, with a 59.9% market share, shipping out 2.35 million OLED panels in 2022.

Report Scope and Research Methodology

The comprehensive report provides valuable insights into the OLED market's dynamics, encompassing the base year 2022. The research methodology incorporates real market numbers, industry trends over the past five years, and projections from 2023 to 2029. This analysis considers the impact of external factors, including COVID-19, and internal industry dynamics.

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Market Dynamics and Drivers

The OLED technology landscape is evolving rapidly, driven by a surge in demand for more efficient materials and technologies. The market has witnessed significant interest from scientific and industrial communities worldwide, with applications in smartphones and televisions taking center stage. OLED displays offer superior energy efficiency, sunlight readability, and recyclability compared to LCD displays, contributing to their widespread adoption.

Government initiatives globally to promote OLED usage, especially in lighting technology, are further propelling market growth. Notably, Germany offers subsidies for adopting OLED lighting technology in public assets, emphasizing the growing environmental consciousness. The cost-effectiveness and energy efficiency of OLED lighting have also fueled demand, particularly in regions like Europe and the Middle East.

Challenges and Competing Technologies

The OLED market faces challenges from alternative technologies such as micro-LED and direct-view LED, which offer similar benefits. Micro-LEDs, with their smaller size and power efficiency, are anticipated to be a game-changer, especially in display and lighting applications. The report underscores the competitive landscape, acknowledging the potential impact of these emerging technologies on the OLED market.

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Segment Analysis

by Application

Smartphone
Laptop & Pc Monitor
Single/large Format Display
Tablets
Smart Watch
Vehicle & Public Transport
Television
Others

by Display Panel Size

Upto-6inches
6-20inches
20-50inches
More than 50inches

by Technology

AMOLED (Active-Martix OLED)
PMOLED (Passive-Matrix OLED)

The AMOLED and PMOLED segments of the market are divided according on technology. In 2022, the active matrix OLED segment will hold the biggest market share. Consumers select cellphones composed of natural and organic materials. OLED panels are superior to AMOLED screens in terms of brightness, thinness, and other attributes, therefore producers of smartphones do not need to add extra backlighting to their products.

The consumer electronics industry is expanding quickly due to incredible technology advancements like smartphones and larger-screen TVs with better picture quality. OLED technology makes these cutting-edge gadgets conceivable. Global economic expansion and technological advancements in consumer electronics are driving customer demand for OLED products. OLED screens are frequently utilized in

By Material

WOLED Materials (White OLED)
FMM RGB Materials
AMOLED Materials

by End-User

Industrial
Residential
Commerical
Sports & Entertainment
Automotive

The market is subdivided into industrial, residential, commercial, sports and entertainment, and automotive segments based on the end-user. OLED technology's increased performance and wide light source coverage are making it more popular for use in general lighting applications. Green buildings employ OLED lighting because it is ecologically benign and energy-efficient. The bulk of the OLED lighting market is expected to remain in the general lighting sector throughout the forecast period. In contrast, a stronger compound annual growth rate (CAGR) is anticipated for the vehicle lighting sector between 2022 and 2029. The sector for automotive lighting has experienced growth due to the rising demand from luxury automobile manufacturers for high-quality lighting and the growing number of OLED producers working together.

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Regional Insights

Asia-Pacific leads the OLED market with the highest market size in 2022, housing key players like LG and Samsung. The continuous trade war between the US and China has prompted substantial investments in display technology by the Chinese government. South Korea is also actively investing in research and development for OLED technology. The report provides a detailed regional analysis, highlighting key trends and factors influencing market dynamics in different regions.

Key Players

1.Acuity Brands
2. OLED works
3. Kopin Corporation
4. Pixelligient Technologies
5. BOE Technology
6. LG Display
7. Osram
8. AU Optronics
9. Tianma Microelectronics
10. Samsung Electronics
11. Universal Display Corporation
12. Lumiotec
13. Royole Corporation
14. Konica Minolta Pioneer OLED
15. China Star Optoelectronics Technolog
16. Emagin Corporation
17. JOLED
18. Raystar Optronics
19. Panasonic
20. Truly International
21. Visionox
22. Winstar Display
23. Wisechip Semiconductor

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Table of content for the OLED Market includes:

Part 01: Executive Summary

Part 02: Scope of the OLED Market Report

Part 03: Global OLED Market Landscape

Part 04: Global OLED Market Sizing

Part 05: Global OLED Market Segmentation

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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