29 Apr

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OLED Market Poised to Grow at a CAGR of 16.1% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on OLED Market. The report presents analysis of global as well as regional markets of OLED market over the period of 2016 to 2024. 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 electro luminance. These OLEDs are used to 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 first companies to introduce OLED T.V’s in the market.

 

OLED are widely used in 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 in 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 boon for the market growth.  However, high cost of OLED products acts as restraint for the market growth.

 

Increase acceptance of OLED lighting fixtures can create lucrative opportunities for the OLED market. Also, 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 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global OLED market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global OLED market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1550

 

The recent report identified that Asia Pacific dominated the global OLED market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the OLED market worldwide.


The report segments the global OLED market on the basis of Techology, Panel Type and Application.

 

Global OLED Market by Techology

·         Amoled

·         Pmoled

 

Global OLED Market by Panel Type

·         Rigid

·         Flexible

 

Global OLED Market by Application

·         Portable Systems

·         T.V

·         Desktop & Laptop

·         LED Lighting

·         Automotive

 

Companies Profiled in the Report

·         OLEDworks

·         Samsung Electronics

·         Tianma Microelectronics

·         Acuity Brands

·          LG Display

·         Konica Minolta Pioneer OLED

·         Osram

·         AU Optronics

·          Universal Display Corporation

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.