Consumer & Luxury Goods Market Research News

Learn details of the OLED market to grow faster by 2023

Consumer Market Research

OLED Market By Application (Smartphones, TV, Laptops, Others (Smart Watches & Vehicles)), By Product Type (AMOLED, PMOLED, Others (Transparent OLED, Foldable OLED)).

Global OLED Market Make an Inquiry about this news was valued at USD 21.01 Billion in the year 2017. OLED market is further estimated to grow at a CAGR of 14.27% from 2018 to 2023 to reach USD 46.79 Billion. APAC region holds the highest market share in 2017 with European region is considered as the fastest growing market in the forecasted period.

At a country level, South Korea is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.

Samsung Electronics, LG Display, and Konica Minolta are some of the major manufacturers in the OLED market with Samsung Electronics holding the largest market share because of its better product portfolio, geographical presence. Increasing research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by top manufacturers in recent years.

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Government grants to the upcoming technology

Introduction of Flexible Smartphones in the market


The high Production cost of the raw materials


Innovation and introduction of OLED lights in the automotive sector


Introduction of substitute technology such as QLED

The commercial segment is expected to hold the highest market share during the forecast period. With the increasing number of smartphone users, there is a demand for advanced technology in the display market.

The Governments of different countries are also helping the local manufacturers of OLED by providing them resources. Thus, OLED has a strong potential across the major countries such as Taiwan.

On the other hand, the automotive sector is expected to grow at the highest CAGR of X.X during the year 2017-2022. As of now, OLEDs are being used in the rear lights of some top automotive manufacturers.

It is predicted that OLEDs will be used extensively in the interiors of the cars in the coming years.

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Key Benefits for Stakeholders

OLED Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Application




Others (Smart Watches & Vehicles)

By Product Type



Others (Transparent OLED, Foldable OLED)

By Industry Type




Sports & Entertainment


By Region

North America




Key Market Players

Samsung Electronics Co. Ltd.                  

LG Display Co. Ltd.                    

Universal Display Corporation                 

Koninklijke Philips N.V.              

Osram GmbH                

AU Optronics Corp.                    

BOE Technology Group Co.

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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