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Global OLED Market Size, Share, Trends, Analysis, Forecast: By Product: Display, Lighting; By Technology: Active-matrix OLED, Passive-matrix OLED, Foldable OLED, White OLED, Transparent OLED, Others; By End Use: Consumer Electronics, Automotive, Retail, Industrial and Enterprise, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global OLED Market Outlook
The global OLED market attained a value of USD 60.23 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 21%.
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Rising Demand for Superior Display in Wearable Devices and Smartphones Boosting the Growth of OLED Industry
As OLED devices are self-emissive and extremely versatile, they are increasingly used in a variety of end-use applications. The rising smartphone ownership and the surging demand for superior smartphones are leading the industry growth. Active-matrix OLED (AMOLED) displays are increasingly used in smartphones and tablets to reach an excellent level of activation speed. Moreover, they consume comparatively less power than LCD, due to which they are preferred for extensive use in smartphones. In addition, the growing popularity of various wearable devices such as smartwatches and fitness bands are also propelling the industry growth. The rising demand for bright screen and automated display is providing further impetus to the market growth.
The presence of leading companies such as Samsung, Panasonic, and LG in the Asia Pacific region is leading to the robust growth of the market. The flourishing manufacturing activities in emerging economies such as China and India are further fuelling the market growth. Moreover, the rising research and development (R&D) activities and surging investments in OLED in South Korea are providing further impetus to the market growth. In addition, the rapid urbanisation and the emergence of the middle class population are increasing the demand for smartphones and televisions with better displays, which is further invigorating the market growth.
OLED: Market Segmentation
OLED, variously known as an organic light-emitting diode, is a technology that uses organic molecules to produce light. OLED enables better display than LCDs as each pixel is controlled individually and emits its light. Hence, it displays images in great quality and very high contrast. It is majorly used in high-end smartphones and televisions.
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The major products of OLED are:
- Display
- Lighting
The market can be broadly categorised on the basis of its technologies into:
- Active-matrix OLED (AMOLED)
- Passive-matrix OLED (PAMOLED)
- Foldable OLED
- White OLED
- Transparent OLED
- Others
Based on the end use, the market can be divided into:
- Consumer Electronics
- Automotive
- Retail
- Industrial and Enterprise
- Aerospace and Defence
- Healthcare
- Others
The EMR report looks into the regional markets of OLED like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements to Bolster the Growth of the OLED Industry
The increasing use of OLEDs due to their favourable properties is driving the market growth. Recent developments have enabled their use in virtual reality headsets (VR) owing to their reduced brightness levels and exceptional refresh rates, which are also accelerating the market growth. As most of the population is following stay-at-home orders due to the coronavirus pandemic, the demand for smart televisions with a wide range of colours and highlights is significantly rising for entertainment, hence contributing to the market growth. The development of flexible OLED screens, which can diminish the line between real and virtual, is also aiding the market growth. Major companies such as LG and Samsung are constantly developing displays by adopting the latest technology, which is expected to further propel the market growth.
Moreover, OLED is rapidly substituting monochrome LCD in various industrial applications, such as measurement equipment, instrumentation, benchtop equipment, current analysers, and industrial handheld monitors, among others. Emerging technologies, such as flexible OLED, which aids in the development of thinner, lighter, and durable displays, are expected to fuel the market growth. In addition, the launch and the development of foldable smartphones with flexible OLED display by various companies are expected to further enhance the market growth. Also, transparent OLED displays have huge potential in the automotive sector to offer futuristic facilities to passengers and drivers. This can further augment the market growth.
Key Industry Players in the Global OLED Market
The report presents a detailed analysis of the following key players in the global OLED market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- LG Electronics
- Samsung Electronics Co Ltd
- OSRAM GmbH
- OLEDWorks LLC
- Koninklijke Philips N.V.
- AU Optronics Corp
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global OLED Market Analysis
8.1 Key Industry Highlights
8.2 Global OLED Historical Market (2018-2023)
8.3 Global OLED Market Forecast (2024-2032)
8.4 Global OLED Market by Product
8.4.1 Display
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lighting
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global OLED Market by Technology
8.5.1 Active-matrix OLED (AMOLED)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Passive-matrix OLED (PAMOLED)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Foldable OLED
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 White OLED
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Transparent OLED
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global OLED Market by End Use
8.6.1 Consumer Electronics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Retail
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Industrial and Enterprise
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Aerospace and Defence
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Healthcare
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global OLED Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America OLED Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe OLED Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific OLED Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America OLED Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa OLED Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LG Electronics
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Samsung Electronics Co Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 OSRAM GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 OLEDWorks LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Koninklijke Philips N.V.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 AU Optronics Corp
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global OLED Market: Key Industry Highlights, 2018 and 2032
2. Global OLED Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global OLED Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global OLED Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global OLED Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global OLED Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global OLED Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global OLED Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global OLED Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America OLED Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America OLED Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe OLED Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe OLED Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific OLED Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific OLED Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America OLED Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America OLED Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa OLED Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa OLED Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global OLED Market Structure
Key Questions Answered in the Report
In 2023, the global OLED market attained a value of nearly USD 60.23 billion.
The market is projected to grow at a CAGR of 21% between 2024 and 2032.
The major market drivers include the surging preference for superior display in smartphones and wearable devices and the rising demand for bright screen and automated display.
The key trends augmenting the market growth include the surging industrial applications of OLED, the rising popularity of foldable smartphones and televisions, and rapid technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of OLED in the market are display and lighting.
The significant technologies considered in the market report are active-matrix OLED (AMOLED), passive-matrix OLED (PAMOLED), foldable OLED, white OLED, and transparent OLED, among others.
The leading end uses of OLED are consumer electronics, automotive, retail, industrial and enterprise, aerospace and defence, and healthcare, among others.
The major market players include LG Electronics, Samsung Electronics Co Ltd, OSRAM GmbH, OLEDWorks LLC, Koninklijke Philips N.V., and AU Optronics Corp., among others.
Analyst Review
The global OLED market attained a value of USD 60.23 billion in 2023, driven by the rising demand for superior displays in smartphones. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 21%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the OLED industry can be segmented into display and lighting. On the basis of technologies, the industry is divided into active-matrix OLED (AMOLED), passive-matrix OLED (PAMOLED), foldable OLED, white OLED, and transparent OLED, among others. By end uses, the market is classified into consumer electronics, automotive, retail, industrial and enterprise, aerospace and defence, and healthcare, among others. The major regional markets for OLED are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include LG Electronics, Samsung Electronics Co Ltd, AU Optronics Corp, OSRAM GmbH, OLEDWorks LLC, and Koninklijke Philips N.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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