The Global Organic LED Market size is expected to reach $74.8 billion by 2026, rising at a market growth of 16% CAGR during the forecast period. OLEDs are designed to develop displays used in devices like computer & television screens, consoles, smartphones, and others. The simple usability and high comfort are making OLED highly popular in the electronics industry. OLED market has witnessed a massive investment due to the fact that OLED displays provide superior Image quality and allow future foldable and roll-able displays. Its properties like extra thin, self-emission and lightweight are paving the way for OLED technology. They are also utilized in the automobile industry to develop back-window alerts, rear-view mirrors, and dashboard displays. OLEDs are costlier in comparison to LED and LCD products, which could hamper the growth of the market in the next few years.
Hydrogen and carbon are used in the making of OLED displays and thus, known as organic LED. OLED displays are one of the examples of green technology as they do not have any hazardous metals. OLED displays are highly utilized in smartphones, tablets, cameras, laptops. VR sets, TVs, and others. Top or bottom emission is the direction that the emitted light goes towards. When the emitted light is able to pass through the transparent bottom electrode and substrate on which the panel was developed, the system is known as the bottom emission OLED display. Transparent contacts are used by transparent OLED displays on both sides of the device. Graded heterojunction OLED displays slowly reduce the ratio of electron holes to electron transporting chemicals. Pixel architecture is used by stacked OLED displays and it stacks the blue, green, and red subpixels on top of each other.
The OLED market would be fueled by the rising investment and demand for consumer electronics like mobile phones, cameras, etc. in which this technology is utilized. However, OLEDs provide better performance; reducing LCD costs would hamper the growth of the market. The life period of LCDs is relatively long; owing to this, they are in high demand in consumer durables. Due to the lesser price of raw materials and labor in the Asia Pacific, production activities are majorly concentrated in the region. Creating cost-efficient production methods is essential in order to overcome business limitations and declining overall costs.
Based on Product Type, the market is segmented into Display and Lighting. The display devices segment held the maximum revenue share of the global OLED market during the forecast period. Display panels are utilized for several applications such as smartphones, desktop PCs, notebooks, and TVs. There are different kinds of displays like transparent displays, flat panel displays, flexible displays, which are incorporated with technologies like an organic light-emitting diode (OLED), Quantum dot LED, LED-backlit LCD, E-paper, and others.
Based on Technology, the market is segmented into PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED and Others. The PMOLED market dominated the Global Organic LED Market by Technology 2019. The AMOLED market is experiencing a CAGR of 15.3% during (2020 - 2026). Additionally, The Transparent OLED market is expected to witness a CAGR of 17.2% during (2020 - 2026).
Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Commercial, Healthcare, Retail and Others. The Consumer Electronics segment would procure the major revenue share of the overall OLED market during the forecast period. The demand for smartphones has expanded substantially in the past few years, which has further improved the demand for technologically advanced displays. Several smartphone manufacturing enterprises are now aiming to develop smartphones embedded with technologically advanced displays, like AMOLED. Smartphones primarily utilize small displays (LCD or OLED).
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 32 Billion |
| Market size forecast in 2026 | USD 74.8 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 16% from 2020 to 2026 |
| Number of Pages | 256 |
| Number of Tables | 413 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Landscape |
| Segments covered | Product Type, Technology, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Organic LED Market to reach a market size of $74.8 Billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The considerable development of the European automotive sector is the primary driver for the growth of the OLED market in this region. Around the globe, Europe is known as a major luxury/premium car maker. As majority of the high-end car makers implement automotive OLED displays like instrument clusters, HUDs, central stack displays, that offer security features, the demand for OLED displays is expanding in the region. The UK, Germany, and France are collectively responsible for the largest advertising expenses through digital signage displays in Western Europe. In addition, the demand for OLED displays is increasing in Europe owing to the surge in the adoption of consumer electronic devices and augmented acceptance of OLED displays for automotive applications.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. is the major forerunner in the OLED Market. Companies such as Universal Display Corporation, OLEDWorks LLC, Konica Minolta, Inc., and Acuity Brands Lighting, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Panasonic Corporation, Universal Display Corporation, Konica Minolta, Inc., BOE Technology Group Co., Ltd., OSRAM GmbH, Acuity Brands Lighting, Inc., Organic LEDWorks LLC, and Tianma Microelectronics Co., Ltd.
» Partnerships, Collaborations, and Agreements:
» Acquisition and Mergers:
» Product Launches and Product Expansions:
By Product Type
By Technology
By End User
By Geography
The global organic LED market size is expected to reach $74.8 billion by 2026.
There are several reason that cause high demand of this market one of them is advancements in OLED technology.
Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Panasonic Corporation, Universal Display Corporation, Konica Minolta, Inc., BOE Technology Group Co., Ltd., OSRAM GmbH, Acuity Brands Lighting, Inc., Organic LEDWorks LLC, and Tianma Microelectronics Co., Ltd.
The expected CAGR of organic LED market is 16% from 2020 to 2026.
The consumer segment would garner maximum revenue share during the forecast period.
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