According to a new report, published by KBV research, The Global POLED Panel Market size is expected to reach $2.6 billion by 2030, rising at a market growth of 18.9% CAGR during the forecast period.
The Smartphones segment is leading the Global POLED Panel Market, by Application in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030. Applying POLED panels in smartphones has led to new features and capabilities that were difficult to achieve with traditional display technologies. POLEDs offer unique advantages, especially regarding flexibility, which have been leveraged in various ways in the smartphone sector. One of the most talked-about applications of POLED technology is in foldable smartphones.
The Foldable segment would register a CAGR of 19.1% during (2023 - 2030). Foldable POLED displays have gained much attention for their innovative capabilities, enabling devices to have flexible form factors that can be folded or unfolded for different uses. Foldable smartphones are the most prominent application of foldable POLED displays, allowing devices to expand into a larger screen or fold up for portability.
The North America region dominated the Global POLED Panel Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $880.3 million by 2030. The Europe region is poised to grow at a CAGR of 18.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 19.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/poled-panel-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of LG DISPLAY CO., LTD., Apple Inc., Google (Alphabet Inc.), Sumitomo Chemical Co., Ltd. and Motorola Mobility Holdings, Inc. (Lenovo Group Limited)
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