OLED Market By Application (Smartphones, TV, Laptops, Others (Smart Watches & Vehicles)), By Product Type (AMOLED, PMOLED, Others (Transparent OLED, Foldable OLED)).
Global OLED Market 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.
Government grants to the upcoming technology
Introduction of Flexible Smartphones in the market
High Production cost of the raw materials
Innovation and introduction of OLED lights in 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, automotive sector is expected to grow at the highest CAGR of X.X during 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.
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.
Others (Smart Watches & Vehicles)
By Product Type
Others (Transparent OLED, Foldable OLED)
By Industry Type
Sports & Entertainment
Key Market Players
Samsung Electronics Co. Ltd.
LG Display Co. Ltd.
Universal Display Corporation
Koninklijke Philips N.V.
AU Optronics Corp.
BOE Technology Group Co
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