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Global OLED Display Market Valued at US$ 33.72 Bn in 2021; Expected to Reach US$ 167.35 Bn by 2031 with a CAGR of 17.8%: Transparency Market Research

OLED Display Market

OLED Display Market

The Global OLED Display Market is set for robust growth, driven by rising consumer disposable income, rapid urbanization, and the increasing acceptance of OLED displays in smartphones and smart televisions. Analysts from Transparency Market Research project the market to expand at a compound annual growth rate (CAGR) of 17.8% from 2022 to 2031, reaching a staggering value of US$ 167.35 billion by the end of the forecast period.

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Market Dynamics and Growth Drivers
The OLED display market is experiencing significant growth due to technological advancements and the modernization of consumer electronics. The surge in demand for superior viewing experiences and the adoption of OLED technology in various devices, including smartphones and smart TVs, are primary growth drivers. Additionally, the increasing use of AMOLED displays in AR/VR headsets and government support for R&D activities are further propelling market expansion.

OLED Displays in Smart Televisions
One of the critical factors driving market growth is the rising usage of OLED displays in smart televisions. The superior image quality offered by OLED technology makes it a preferred choice for consumers. The proliferation of digital televisions with internet connectivity has bolstered the demand for OLED displays, enabling features like online interactive media, video streaming, and OTT content. This trend is expected to continue, significantly boosting the global OLED display market.

Companies Profiled
• Samsung Electronics
• AU Optronics Corp
• TDK Corporation
• Sony Corporation
• Rit Display
• LG Display
• Pioneer
• Visionox.
• BOE Display
• eMagin Corporation
• Universal Display Corporation

Semiconductor and Electronics Industry Impact
The growth and advancement of the semiconductor and electronics industries play a pivotal role in the OLED display market's expansion. OLED displays offer excellent performance reliability, durability, and cost-efficiency, making them ideal for various consumer electronics products, including mobile phones. The rising demand for mobile devices and the increasing number of mobile manufacturers are expected to drive further demand for OLED displays.

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Opportunities in Asia Pacific
Asia Pacific holds the largest share of the global OLED display market, attributed to rapid urbanization, increased production of electronic devices, and the presence of key manufacturers in the region. Countries like India and China are major contributors to the market growth due to their substantial consumer electronics demand and the growing popularity of online distribution channels and eCommerce platforms. Manufacturers in the region are focusing on R&D activities to enhance their product portfolios, further boosting market growth.

Market Segmentation
Type
• AMOLED
• PMOLED
End-use
• Mobile Phones
• TV Displays
• PC / Laptops
• Digital Cameras
• Automotive
• Others (Gaming Consoles, Media Players, etc.)

Regions Covered
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

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