OLED Display Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Global OLED Display Market Is Estimated To Be Valued At USD 48.76 Billion In 2022, At A CAGR Of 22.56%.
OLED Display Market Overview:
OLED technology is being used in an increasing number of applications, which is expected to suggestively drive the market. The overall market is expected to benefit from increased investment and demand for consumer products using this technology, like mobile phones and cameras. Factors like growing demand for cost-effective and energy-efficient OLED lighting, government initiatives to increase OLED adoption, and development of the display and large-screen backlighting market are important drivers driving the global market for organic LED .
The OLED market is speculated to be driven by increasing R&D investment funding from both government and private organizations. Many developed and developing countries around the world are struggling to transition to energy-efficient lighting technologies. Experts expect that thanks to persistent research and development, OLED technology will meet the necessary productivity and pricing targets, enabling a seamless transition from traditional to efficient lighting alternatives.
OLED Display market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 200, with 2022 being considered as the base year. This report segments the global OLED Display market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- In January 2021, Samsung Display Co., Ltd. manufactures and sells display products and develops low-power organic light-emitting diode (OLED) panels for smartphones.
- In March 2021, Samsung Display, South Korea's largest display maker, invested $2.7 billion to build a new organic light-emitting diode (OLED) production line for small-sized panels used in smartphones and laptops.
- In February 2021, Apple partnered with TSMC to develop tiny OLED displays for augmented reality (AR) devices.
Major Segments Covered in the Global OLED Display Market:
Market Key Players:
SMD, LGD, SONY, Futaba Corporation, Sichuan CCO Display Technology, RITEK, Visionox, JOLED, EDO., And Others.
OLED Display Market by Types:
- Active-Matrix Organic Light-Emitting Diode(AMOLED Display)
- Passive Matrix OLED(PMOLED)
OLED Display Market by Applications:
- Smart Watch
- Wearable Device
- Digital Cameras
- TV Sets
- MP Players
- Radio Decks
OLED Display Market by Regions:
Asia Pacific is the largest market for OLED Displays as most of the major players including LG and Samsung have manufacturing plants in the region. In addition, several TV manufacturers, signage display manufacturers, and other suppliers are headquartered in the Asia-Pacific region.
Due to the trade war between the US and China, a large portion of the Chinese government's planned budget is penetrating the display industry. In contrast, the semiconductor industry, one of the intensive investment-attracting industries, foreshadows many difficulties.
Despite its small size, South Korea has invested in academic R&D of OLED technology. The country is witnessing huge investments from electronics giants such as LG and Samsung.
In addition, in August 2021, LG Display announced plans to invest. trillion won to expand production capacity for small and medium-sized OLED displays. According to the company, the investment will last until March 2024 and will be used in an OLED facility to manufacture sixth-generation (1,500mm x 1,850mm) substrates in South Korea.
China is a global manufacturing center. It is one of the largest exporters of consumer goods and the fastest-growing consumer market in the world. The country has one of the largest television markets in the world. For example, LG plans to expand its OLED panel business in cooperation with retailers and TV makers in China. Sales of OLED display panels in the region are expected to grow exponentially.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The lucrative advantages offered by OLED technology are expected to drive the growth of the global OLED display market over the forecast period. OLED technology offers many advantages, such as sharper image quality, crisp colors, better contrast and faster refresh rates. OLED displays are more compact, thinner, and offer better energy management because they run at optimal power. Additionally, the enhanced viewing angles of OLED displays provide an added benefit to consumers.
Increase in OLED display applications is expected to drive the growth of the global OLED display market over the forecast period. OLED-based devices have started to find applications in various fields around the world. OLED technology is being used in media players, digital cameras, mobile phones, TVs, wearable devices and other fields. Major market manufacturers such as Sony, Samsung, and LG have launched a variety of products using OLED displays to expand product portfolios and consolidate Gain a competitive advantage in the marketplace.
Falling prices for OLED TVs can present lucrative growth opportunities. The raw materials used to make OLEDs are expensive. Larger display sizes mean higher manufacturing costs. Currently, OLED TVs cost significantly more than other competing technologies. Advancement in OLED technology and reduction in cost of raw materials over the next few years are expected to reduce the cost of OLED TVs, thereby driving the market in the near future. Furthermore, the emergence of new market players and the mass production of OLED TVs will help to reduce the prices of OLED TVs and will drive the OLED display market.
The ongoing competition between OLED and LCD technologies can offer significant business opportunities. OLED technology offers numerous advantages, with energy efficiency and eco-friendliness being the main attributes. OLED displays are expected to achieve high penetration in the near future due to their biodegradability in developed countries. In addition, OLED displays are expected to reduce power consumption due to the widening global power demand and supply gap. Enhancements such as a wider color range increase the number of times the display redraws data per second, transparency, thinner dimensions, better flexibility and enhanced D adaptability. Increasing market share and popularity of active matrix OLED (AMOLED) is also expected to drive the global OLED display market.
High manufacturing cost of OLED displays is expected to restrain the growth of the global OELD displays market over the forecast period. OLED displays are very expensive to manufacture. In fact, the process steps required for the manufacture of OLEDs can significantly increase the overall cost of the final product compared to other modern technologies such as LCDs.
Low penetration of OLED technology is expected to hamper the growth of the global OLED display market over the forecast period. Because OLED displays are so tall, their penetration rate is very low compared to other contemporary technologies. Also, since LCD technology was initially introduced, customers often perceive OLED technology as quite complex and expensive compared to the former. This barrier to rapid adoption of the technology creates a gap between the volume production required to compete with other leading technologies.
Report Scope of Global OLED Display Market:
CAGR of 22.5% from 2022 to 2030.
Active-Matrix Organic Light-Emitting Diode(AMOLED Display), Passive Matrix OLED(PMOLED)
Smartphone, Smart Watch, Wearable Device, Digital Cameras, TV Sets, MP Players, Radio Decks
SMD, LGD, SONY, Futaba Corporation, Sichuan CCO Display Technology, RITEK, Visionox, JOLED, EDO.
Regions and Countries Covered
2017 to 2022
2022 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of OLED Display market?
The OLED Display Market is growing at a CAGR of 22.5% During Forecast Period.
What are the key types and applications of OLED Display market?
Types- Active-Matrix Organic Light-Emitting Diode(AMOLED Display), Passive Matrix OLED(PMOLED)
Applications- Smartphone, Smart Watch, Wearable Device, Digital Cameras, TV Sets, MP Players, Radio Decks
Who are the key players in OLED Display market?
SMD, LGD, SONY, Futaba Corporation, Sichuan CCO Display Technology, RITEK, Visionox, JOLED, EDO., And others.
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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.