Global Organic LED Market Overview 2023-2028
Organic Light-Emitting Diodes (OLEDs) represent a cutting-edge technology harnessing organic compounds to produce light upon the application of an electric current. These devices comprise slim organic layers delicately positioned between a pair of electrodes, typically an anode and a cathode. Unlike conventional liquid crystal display (LCD) systems, OLEDs contain organic molecules or polymers and do not necessitate an external light source. Their unique feature lies in their ability to emit diffused and uniform illumination, rendering them ideal for scenarios demanding gentle and ambient lighting. Moreover, their lightweight and slim design render them well-suited for applications where spatial constraints and weight considerations are paramount.
The global organic LED market size reached US$ 45.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 145.8 Billion by 2028, exhibiting a growth rate (CAGR) of 20.84% during 2023-2028.
Global Organic LED Market Trends and Drivers:
Currently, the surging demand for OLEDs is being driven by several key factors. These include the ability to design OLEDs in a myriad of shapes and sizes, from expansive panels to intricate patterns, allowing for imaginative and aesthetically pleasing lighting concepts. Furthermore, the increasing integration of OLEDs into flexible and rollable displays is contributing to market expansion. Additionally, the growing popularity of OLEDs is attributable to their capacity to deliver efficient display quality characterized by high-contrast ratios, vivid colors, and deep blacks, thus fostering a positive market outlook. Furthermore, the escalating use of smartphones, tablets, and laptops for internet browsing and communication is further propelling market growth.
Global Organic LED Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AUO Corporation, DuPont de Nemours Inc., Futaba Corporation, LG Electronics Inc. (LG Corporation), OLEDWorks, Osram Licht AG (ams AG), Panasonic Holdings Corporation, RITEK Corporation, Samsung Electronics Co. Ltd. (Samsung Group), Sony Group Corporation, Toshiba Corporation, Universal Display Corporation, Visionox Technology Inc, etc.
The report segmented the market on the basis of region, type, technology, application and end use sector.
Product Type Insights
- Display
- Lighting
The report has provided a detailed breakup and analysis of the organic LED market based on the product type. This includes display and lighting. According to the report, display represented the largest segment.
Technology Insights
- Passive-Matrix OLED (PMOLED)
- Active-Matrix OLED (AMOLED)
- Transparent OLED
- Top-Emitting OLED
- White OLED
The report has provided a detailed breakup and analysis of the organic LED market based on the technology. This includes passive-matrix, active-matrix, transparent, top-emitting and white OLEDs, wherein Passive-Matrix OLED (PMOLED) exhibited a clear dominance in the market.
Application Insights
- Television and Monitors
- Smartphones
- Laptops and Tablets
- Automotive
- Others
The report has provided a detailed breakup and analysis of the organic LED market based on the application. This includes television and monitors, smartphones, laptops and tablets, automotive, and others. According to the report, television and monitors represented the largest segment.
End Use Sector Insights
- Commercial
- Residential
- Industrial
A detailed breakup and analysis of the organic LED market based on the end use sector has also been provided in the report. This includes commercial, residential, and industrial. According to the report, residential sector accounted for the largest market share.
Regional Insights
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for organic LEDs. Some of the factors driving the Asia Pacific organic LED market include rapid urbanization, inflating disposable income levels, considerable growth in the semiconductor industry, continual advancements in OLED technology, expanding number of OLED display panel manufacturing facilities, etc.
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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