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Organic Light Emitting Diode (OLED) Market Forecast Value Projected to Expand by 2028

The Organic Light Emitting Diode (OLED) market was valued at US$ 12.5 Bn in 2015 and is projected to reach US$ 39.0 Bn in 2025; it is expected to grow at a CAGR of 12.2% from 2015 to 2025.


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nisha awate

2 months ago | 3 min read

The Organic Light Emitting Diode (OLED) Market - Global Analysis and Forecast to 2025, a recent research report from The Insight Partners, projects that the global OLED market will reach US$ 39.0 billion in 2025, growing at a CAGR of 12.2% from 2015 to 2025.

OLED displays and OLED lights are the two application-based segments of the global OLED market. Although prices for organic displays are still high in the market, they are getting cheaper as technology advances and production levels rise. It is anticipated that as a result of recent advancements in display performance and increased product competitiveness, there would be a steady increase in the market for smaller OLEDs for mobile devices, particularly smartphones.

Get More Information @ https://www.theinsightpartners.com/reports/organic-light-emitting-diode-oled-market

The greatest revenue share in 2015—more than one-third of the entire market share—was accounted for by Asia-Pacific, followed by North America.

The massive end-user adoption and lengthy life-span are major contributors to the growth in the Asia-Pacific area.

A new era of transparent, flexible, energy-efficient, large-area display, and lighting goods has arrived thanks to OLED technology. In order to improve the ergonomic aspects of the application, flexible OLEDs are currently used in smartphones and wearable technology. When wearing or carrying the device, the user has a very satisfied experience because to the fixed curved display. By giving adequate flat room for better arrangement of the other components, such as the battery and circuits, the technical elements of the bendable OLED are also taken care of in addition to enhanced utility. OLEDs may be created utilising the roll-to-roll manufacturing process because of their flexibility. Better materials and systematic tool and manufacturing process improvement are required for the production of durable OLEDs. To shield the plastic substrate from oxygen and moisture, barrier layers for flexible plastic substrates must be improved. A thin encapsulation is also required to make a flexible glass and metal-based OLED. The market for effective, transparent, and bright OLEDs is anticipated to expand, and various consumer goods businesses are focusing on R&D to keep up with the rapidly shifting consumer landscape.

Key findings of the study:

  • Asia Pacific is anticipated to account the largest market share of the OLED market and is expected to register a CAGR of 13.2%
  • Based on the type, the AMOLED segment is expected to witness high year on year growth during the forecast period
  • Countries such as China and India are expected to be the most attractive market by the end of the forecast period

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The second-largest market share is held by North America. Due to the population's ability to spend money and the US's sophisticated economy, which makes it an early user of cutting-edge technology, the US commands the largest revenue share in North America. It is estimated that the nation would maintain its leadership over the forecast period by grabbing 51.3% of the entire North American market, which is expected to develop at a high CAGR.

FUTABA Corporation, Samsung Electronics Co., Ltd., Universal Display Corporation, Kunshan Visionox Display Technology Co., Ltd, DLC Display Co., Limited, Pioneer Corporation, Sony Corporation, Koninklijke Philips N.V., Acuity Brands Lighting Inc., SEIKO EPSON CORPORATION, Innolux Corporation, OLEDWorks LLC, LG Electronics Inc., OSRAM GmbH, and RITEK Corporation are some of the major businesses profiled in this

Browse More Related Reports by the insight partners:

Smart Lighting Market

https://www.theinsightpartners.com/reports/smart-lighting-market

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876



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