Press release
Product Innovations In The OLED Market Trend: A Crucial Influence on the Organic Light Emitting Diode (OLED) Market's Transformation in 2025
Organic Light Emitting Diode (OLED) Market Size
The proliferation of smartphone usage is predicted to fuel the expansion of the OLED market. As portable electronic gadgets, smartphones provide users with the ability to surf the internet, send texts, and make phone calls. The OLED technology in smartphones promises advantages such as vibrant colors, deep blacks, energy efficiency, flexibility, and superior visual experiences. For example, the UK Office of Communications, an intergovernmental body based in the UK, reported in February 2023 that there were 71.8 million mobile connections in the UK at the start of 2022. This figure represented a 3.8% increase from 2021 (roughly 2.6 million) and was 4.2 million above the total population of the country. Moreover, by 2025, an estimated 65 million individuals in the UK will possess smartphones. Consequently, the escalating usage of smartphones is stimulating the OLED market's growth.
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What Is the projected market size and growth rate for the organic light emitting diode (oled) market?
In recent years, the size of the organic light emitting diode (OLED) market has seen a significant expansion. It's projected to rise from a market value of $47.23 billion in 2024 to $53.55 billion in 2025, with a compound annual growth rate (CAGR) of 13.4%. Factors such as consumer electronics demand, heightened investments, a decrease in production expenses, heightened market competition and the advent of flexible displays have driven growth during the historical period.
The market size of the organic light emitting diode (OLED) is predicted to experience a swift expansion in the coming years, reaching $86.49 billion by 2029 with a compound annual growth rate (CAGR) of 12.7%. The expected growth during the forecasted period can be linked to the upsurge in automotive display, health-related wearable technology, smart home applications, better energy competence, and heightened durability. The key trends during the forecast period are the incorporation of mini-led, advances in technology, artificial intelligence and smart assistant tools, eco-friendly manufacturing process, and the emergence of foldable OLED devices.
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What are the emerging trends shaping the future of the organic light emitting diode (oled) market?
The OLED market is witnessing an increasing trend towards product innovation. Major players within the OLED industry are manufacturing novel products to maintain their market position. For instance, Lenovo, a Chinese firm focused on the creation, production, and marketing of consumer electronics, launched the versatile dual-screen Yoga Book 9i device in January 2023. This is the first laptop that comes with a full-sized OLED dual screen containing unique features aimed at fostering creativity. It has dual-screen adaptability, multi-mode function, and expanded entertainment functionality. Its slim, lightweight convertible design enables an easy switch between laptop, tablet, and tent modes.
What major market segments define the scope and growth of the organic light emitting diode (oled) market?
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
Subsegments:
1) By Display: Televisions, Smartphones, Tablets, Laptops Or Computers, Wearable Devices, Digital Signage, Automotive Displays
2) By Lighting: General Lighting, Architectural Lighting, Automotive Lighting, Decorative Lighting, Commercial Lighting
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Which region dominates the organic light emitting diode (oled) market?
North America was the largest region in the OLED market in 2024. The regions covered in the organic light emitting diode (OLED) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the organic light emitting diode (oled) industry growth?
Major companies operating in the organic light emitting diode (OLED) market include Panasonic Corporation, 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, Samsung Display Co. Ltd.
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What Is Covered In The Organic Light Emitting Diode (OLED) Global Market Report?
• Market Size Forecast: Examine the organic light emitting diode (oled) market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the organic light emitting diode (oled) market for a structured understanding.
• Key Players Overview: Analyze major players in the organic light emitting diode (oled) market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the organic light emitting diode (oled) market.
• Segment Contributions: Evaluate how different segments drive overall growth in the organic light emitting diode (oled) market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the organic light emitting diode (oled) market.
• Industry Challenges: Identify potential risks and obstacles affecting the organic light emitting diode (oled) market.
• Competitive Landscape: Review strategic developments in the organic light emitting diode (oled) market, including expansions, agreements, and new product launches.
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