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Organic Light Emitting Diode (OLED) Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Panasonic Corporation, Schneider Electric SE, Toshiba Corporation, BOE Technology Group Co. Ltd
Organic Light Emitting Diode (OLED) Global Market Report
The Business Research Company offers in-depth market insights through Organic Light Emitting Diode (OLED) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The organic light emitting diode (oled) market size has grown rapidly in recent years. It will grow from $41.95 billion in 2023 to $47.99 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to consumer electronics demand, increased investments, reduction in manufacturing costs, market competition, flexible displays.
The organic light emitting diode (oled) market size is expected to see rapid growth in the next few years. It will grow to $78.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to automotive display growth, healthcare and wearables, smart home integration, improved energy efficiency, enhanced durability. Major trends in the forecast period include mini-led integration, technological advancements, ai and smart assistants, sustainable manufacturing, foldable oled devices.
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Market Segmentation:
The organic light emitting diode (oled) market covered in this report 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
Major Driver - Smartphone Boom Fuels Surge In Oled Market Growth
The increased use of smartphones is expected to propel the growth of the OLED market going forward. 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. Further, by 2025, 65 million people in the UK are expected to have smartphones. Therefore, the increased use of smartphones is driving the growth of the OLED market.
Competitive Landscape:
Major companies operating in the organic light emitting diode (oled) market report 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, Samsung Display Co. Ltd.
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Top Trend - Product Innovations In The Oled Market
Product innovation is a key trend gaining popularity in the OLED market. 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.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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