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OLED Market (Techology - AMOLED and PMOLED; Panel Type - Rigid and Flexible; Application - Portable Systems, T.V, Desktop & Laptop, LED Lighting, and Automotive; Region - North America, Europe, Asia-Pacific, and Rest of the World): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : August, 2018

  • Rep Id : ICT0183

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the OLED Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the OLED Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of OLED Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on OLED market provides in-depth analysis of segments and sub-segments in global as well as regional OLED market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional OLED market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global OLED market. According to the report the global OLED market is projected to grow at a CAGR of 16.1% over the forecast period of 2018-2024.


Global OLED Market

 

Market insight

The organic Light emitting diode is one of the major display technologies. These are originated from the class of LED’s and works on the principle electroluminance. These OLEDs are used to create digital displays in devices such as TV screens, computer monitors, smartphones, cameras lighting, and wearable devices. OLEDs do not require a backlight and filters (like LCD displays do), they are more efficient, simpler to make, and much thinner - and in fact, can be made flexible and even rollable. There are two types of OLED technology: Passive-Matrix (PMOLED) and Active-Matrix (AMOLED). OLEDs have a great picture quality - brilliant colors, infinite contrast, fast response rate, and wide viewing angles. Samsung and LG were the first companies to introduce OLED T.V’s in the market.


OLED is widely used in TV displays, the use of OLED in T.V display’s provides the best quality image and provides better durability. The use of OLED also facilitates low power consumption and the displays can be made more transparent and flexible. In, addition increasing adoption of OLED in smartphones as it enhances the aesthetics of the product. These aforementioned factors are major driving the OLED market. The use of OLED displays in wearable is also fueling the growth of the OLED displays. Going further, increasing investments in OLED technology and manufacturing facilities are acting as a boon for market growth.  However, the high cost of OLED products acts as a restraint for the market growth.


Increase acceptance of OLED lighting fixtures can create lucrative opportunities for the OLED market. Also, the reduction in prices of OLED based products is anticipated to drive the OLED market in coming years. Geographically, Asia Pacific accounted for the highest market share in 2017 and is expected to remain dominant throughout the forecast period. The factor responsible for driving the growth in this region includes increase demand for consumer good products such as T.V, smartphones and wearable products coupled with rising disposable income. Also, Asia Pacific houses 60 % of the global population, with on-going steady growth in the economy in Asia-Pacific countries, the demand and affordability of the products such as T.V, smartphones, wearable’s and several other products will increase which in turn, will drive the growth in OLED market throughout the forecast period. 

 

Segment Covered

The report on global OLED market covers segments such as technology, panel type, and application. On the basis of technology, the global OLED market is categorized into AMOLED and PMOLED. On the basis of panel type, the global OLED market is categorized into rigid and flexible. On the basis of application, the global OLED market is categorized into portable systems, t.v, desktop & laptop, led lighting and automotive.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global OLED market such as OLEDWorks, Samsung Electronics, Tianma Micro-electronics, Acuity Brands, LG Display, Konica Minolta Pioneer OLED, Osram, AU Optronics and Universal Display Corporation.

 

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global OLED market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of OLED market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the OLED market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the OLED market to understand the present and future trends in this market and formulate their strategies accordingly.


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