Semiconductor & Electronics Market Research News

OLED market estimated to push growth margin by year 2023 according to new research report

Semiconductor and Electronics 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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Drivers:

Government grants to the upcoming technology

Introduction of Flexible Smartphones in the market

Restraints:

High Production cost of the raw materials

Opportunities:

Innovation and introduction of OLED lights in automotive sector

Challenges:

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.

Report: goo.gl/yF4jxJ Make an Inquiry about this news

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.

By Application

Smartphones                

TV       

Laptops

Others (Smart Watches & Vehicles)

By Product Type

AMOLED                       

PMOLED           

Others (Transparent OLED, Foldable OLED)

By Industry Type

Commercial

Industrial

Automotive       

Sports & Entertainment

Residential

By Region

North America

Europe

Asia-Pacific

ROW

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

Read Report Overview with Full TOC at goo.gl/EBRNEh Make an Inquiry about this news

News From

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