Global Organic Light Emitting Diode (OLED) Market, By Product Type (Display, Lighting), Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, White OLED), End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace and Defense, Healthcare, Others) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Organic light emitting diode (OLED) is being widely deployed over traditional LED owing to various advantages, including good motion blur pictures, fast response time, good contrast ratio and good viewing angles. These are considered fit as digital displays in devices such as mobile phones, T.V screens, and digital cameras, among others.
OLED is known to be environmental friendly, and does not contains mercury elements. Global Organic Light Emitting Diode (OLED) Market was valued at USD 38,750.85 million in 2021 and is expected to reach USD 104,484.69 million by 2029, registering a CAGR of 13.20% during the forecast period of 2022-2029. Lighting accounts for the largest product type segment in the respective market owing to the need for power consumption. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Organic light emitting diode (OLED), also known as organic light emitting diode, refers to a flat light emitting diode technology. This technology is developed by placing thin organic films between two conductors. OLED possesses the capability of offering power efficiency lighting, and is preferred over fluorescent tubes and incandescent bulbs.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Display, Lighting), Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, White OLED), End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace and Defense, Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Emerson Electric Co. (US), Advantech Co., Ltd. (Taiwan), Innolux Corporation (Taiwan), Pepperl+Fuchs SE (Germany), Planar (US), AU Optronics Corp. (Taiwan), LG Display Co., Ltd. (South Korea), Japan Display Inc. (Japan), General Digital Corporation (US), SAMSUNG (South Korea), Rockwell Automation, Inc. (US), Panasonic Corporation (Japan), Sharp NEC Display Solutions, Ltd. (Japan), Schneider Electric (France), Sony Corporation (Japan), Corning Incorporated (US), DuPont (US), Kateeva. (US), FlexEnable Limited (UK) and TOSHIBA CORPORATION (Japan), among others
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Market Opportunities
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Organic Light Emitting Diode (OLED) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Preference for Organic Light Emitting Diode
The increase in the preference for organic light emitting diode over traditional LED due to its superior performance is one of the major factors driving the growth of organic light emitting diode (OLED) market.
- Household and Commercial Use
The increase in the replacement of LED lightings with organic light emitting diode across commercial and household lightings accelerate the market growth. The high adoption of these lights is due to their lower cost of raw material.
- Need For Energy Efficient Lighting Solutions
The rise in need for energy efficient lighting solutions across emerging and developed economies further influence the market growth. OLED technology is capable of meeting the required performance and pricing targets ahead.
Additionally, rapid digitization, surge in investments, increased consumer spending and change in lifestyle positively affect the organic light emitting diode (OLED) market.
Opportunities
Furthermore, rise in government and industry funding for research and development extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, advancement and product launches will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with the organic light emitting diode (OLED) technology is expected to obstruct market growth. The use of conductive polymer substances in the technology is expensive. Also, high competition among competitors is projected to challenge the organic light emitting diode (OLED) market in the forecast period of 2022-2029.
This organic light emitting diode (OLED) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on organic light emitting diode (OLED) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Organic Light Emitting Diode (OLED) Market
The COVID-19 has impacted organic light emitting diode (OLED) market. The limited investment costs and lack of employees hampered sales and production of organic light emitting diode (OLED) technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in sales of devices such as mobile phones, T.V screens, and digital cameras, among others across the globe is expected to further drive the market growth in the post-pandemic scenario.
Recent Developments
- LG Display showcased 'OLED EX', a next-generation panel in December’2021. OLED EX is Evolution and eXperience that utilizes a combination of new panel algorithm and deuterium to enhance brightness by “up to 30% in comparison with OLED displays.
Global Organic Light Emitting Diode (OLED) Market Scope and Market Size
The organic light emitting diode (OLED) market is segmented on the basis of product type, technology and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Display
- Lighting
On the basis of product type, the organic light emitting diode (OLED) market is segmented into display and lighting.
Technology
- PMOLED
- AMOLED
- Transparent OLED
- Top-Emitting OLED
- Foldable OLED
- White OLED
On the basis of technology, the organic light emitting diode (OLED) market is segmented into PMOLED, AMOLED, transparent OLED, top-emitting OLED, foldable OLED and white OLED.
End Use
- Consumer Electronics
- Automotive
- Retail
- Industrial
- Commercial
- Aerospace and Defense
- Healthcare
- Others
On the basis of end use, the organic light emitting diode (OLED) market is segmented into consumer electronics, automotive, retail, industrial, commercial, aerospace and defense, healthcare and others.
Organic Light Emitting Diode (OLED) Market Regional Analysis/Insights
The organic light emitting diode (OLED) market is analysed and market size insights and trends are provided by country, product type, technology and end use as referenced above.
The countries covered in the organic light emitting diode (OLED) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the organic light emitting diode (OLED) market because of the well-established and robust consumer within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the highest concentration of consumer electronic device manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Organic Light Emitting Diode (OLED) Market
The organic light emitting diode (OLED) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to organic light emitting diode (OLED) market.
Some of the major players operating in the organic light emitting diode (OLED) market are
- Emerson Electric Co. (US)
- Advantech Co., Ltd. (Taiwan)
- Innolux Corporation (Taiwan)
- Pepperl+Fuchs SE (Germany)
- Planar (US)
- AU Optronics Corp. (Taiwan)
- LG Display Co., Ltd. (South Korea)
- Japan Display Inc. (Japan)
- General Digital Corporation (US)
- SAMSUNG (South Korea)
- Rockwell Automation, Inc. (US)
- Panasonic Corporation (Japan)
- Sharp NEC Display Solutions, Ltd. (Japan)
- Schneider Electric (France)
- Sony Corporation (Japan)
- Corning Incorporated (US)
- DuPont (US), Kateeva. (US)
- FlexEnable Limited (UK)
- TOSHIBA CORPORATION (Japan)
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