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Organic Light Emitting Diode (OLED) Market Analysis, Trends, Growth, Research And Forecast 2032
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 as 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.
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 organic light emitting diode (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, Universal Display Corporation, Everdisplay Optronics (Shanghai) Co. Ltd., Futaba Corporation, Royole Corporation, Wisechip Semiconductor Inc., Kopin Corporation, Winstar Display Co. Ltd., OLEDWorks LLC, Newhaven Display International Inc, FlexEnable Limited, Luminescence Technology Corp., General Digital Corporation, Raystar Optronics Inc, Pixelligient Technologies LLC, Lumiotec Inc., Dresden Microdisplay GmbH, LXD Incorporated, and Samsung Display Co. Ltd.
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. The thin and light convertible form factor makes the user-friendly transition between laptop, tablet, and tent modes possible.
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The organic light emitting diode (OLED) market is segmented -
• By Product Type: Display, Lighting
• By Technology: Active-Matrix OLED, Passive-Matrix OLED, Foldable OLED, White OLED, Transparent OLED, Other Technologies
• By Display Panel Type: Rigid, Flexible, Other Display Panels
• By End-User: Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace And Defense, Healthcare, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the organic light emitting diode (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
……
32. Global Organic Light Emitting Diode (OLED) Market Competitive Benchmarking
33. Global Organic Light Emitting Diode (OLED) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Organic Light Emitting Diode (OLED) Market
35. Organic Light Emitting Diode (OLED) Market Future Outlook and Potential Analysis
36. Appendix
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