Press release
Organic Light Emitting Diode (OLED) Market Size, Current Trends And Forecast To 2033
Organic Light Emitting Diode (OLED) Market Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12231&type=smp
According to The Business Research Company's, 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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/organic-light-emitting-diode-oled-global-market-report
Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Organic Light Emitting Diode (OLED) Market 2024 Key Insights:
• 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%.
• Smartphone Boom Fuels Surge In Oled Market Growth
• Product Innovations In The Oled Market
• North America was the largest region in the OLED market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12231&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Organic Light Emitting Diode (OLED) Market Size, Current Trends And Forecast To 2033 here
News-ID: 3759262 • Views: …
More Releases from The Business research company
Boost In Renewable Energy Adoption To Accelerate Growth In Ocean Energy Market D …
What Are the Projected Growth and Market Size Trends for the Ocean Energy Market?_x000D_
The market size for ocean energy has seen significant expansion in the recent past. It's projected to increase from $0.83 billion in 2024 to $1.02 billion in 2025, propelled by a compound annual growth rate (CAGR) of 23.5%. The noteworthy growth in the past can be linked to the escalating pressure to reduce carbon emissions to tackle…
Next Generation Drug Conjugates Market Outlook 2025-2034: Key Trends, Growth Dri …
How Big Is the Next Generation Drug Conjugates Market Expected to Be, and What Will Its Growth Rate Be?_x000D_
The market for next-generation drug conjugates has experienced significant expansion in the past few years. The growth projection shows the market size is set to elevate from $2.15 billion in 2024 to $2.5 billion in 2025, embodied a robust compound annual growth rate (CAGR) of 16.3%. Factors contributing to this growth, during…
Emerging Multi-Cloud Optimization Tools Market Trend 2025-2034: SaaS-Based Multi …
How Is the Multi-Cloud Optimization Tools Market Projected to Grow, and What Is Its Market Size?_x000D_
The market for multi-cloud optimization tools has expanded at a fast pace over the past few years. Its market size is expected to escalate from $16.26 billion in 2024 to $19.27 billion in 2025, with an anticipated compound annual growth rate (CAGR) of 18.5%. This significant growth in the past can be credited to factors…
Rising Prevalence Of Chronic Diseases Drives mHealth Market: A Key Factor Shapin …
What Are the Projections for the Size and Growth Rate of the Mobile Health (mHealth) Market?_x000D_
The expansion of the mobile health (mhealth) market has been swift and substantial in the last few years, and this trend is expected to continue. The market size is set to increase from $84.99 billion in 2024 to $99.72 billion in 2025, marking a compound annual growth rate (CAGR) of 17.3%. The surge during the…
More Releases for OLED
Major Trends in OLED
How the ncreased demand for AR/VR headsets acts as an opportunity for the market?
OLED displays are lighter, thinner, and more flexible as compared to displays based on existing technologies. They emit bright colors. These displays are used in different applications in different sectors. They are used in mobile phones, TVs, wearable devices, etc. Samsung Galaxy series, Huawei P9 Plus, Oppo R9 Plus, Vivo X7 Plus, Xiaomi Redmi 3S, Lenovo Phab2…
OLED Display Market Analysis, Trends, Forecast, 2018 to 2028(Segmentation By Typ …
OLED Display Market: Introduction
Various features of OLED displays, such as light weight and flexible plastic substrates, are increasing its application in various electronic gadgets and significantly contributing to the growth of the global OLED display market. An organic light emitting diode (OLED) is an emissive electroluminescent layer of organic compound that emits light in response to an electric current. OLED displays are flat light emitting systems created by placing a…
Rising Usage of OLED in Mobile Phones to Surge Demand in Global OLED Lighting De …
The surging demand for OLED innovation in the car market is probably going to push the OLED market development in the coming years. The car makers are experiencing a gigantic change concerning the utilization of OLED innovation in display and lighting items in vehicles. These producers are sending OLED dashboards for the purpose of navigation and OLED video displays for entertainment in vehicles for better picture quality. Additionally, with the…
OLED- OLED Global Market 2017: Key Players Samsung Electronics, LG Display, Univ …
In this report, the global OLED market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of OLED for these regions, from 2012 to 2022 (forecast), covering
United…
Global OLED Lighting Market Research Report 2017- OLED, Konica Minolta, LG Chem, …
Global OLED Lighting Market Report 2017 presents a professional and deep analysis on the present state of OLED Lighting Market 2017.
In the first part, OLED Lighting Market study deals with the comprehensive overview of the OLED Lighting market, which consists of definitions, a wide range of applications, classifications and a complete OLED Lighting industry chain structure. The global OLED Lighting market analysis further consists…
OLED Display Market - Inherent Advantages of OLED Displays to Override Higher Co …
The competitive landscape of the global OLED displays market is highly oligopolistic in nature, according to Transparency Market Research (TMR). Samsung Electronics, which has been one of the pioneers when it comes to advances in LED and OLED technology, held over 70% of the market in 2011 and collectively accounted for 84.4% of the market along with Visionox and WiseChip.
The wide-ranging operation spectrum of Samsung Electronics has allowed the…
