Global OLED Market – Size, Outlook, Trends and Forecast (2024

Global OLED Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

OLED (Organic Light Emitting Diode) is a flat display technology formed by placing the series of thin organic films. OLEDs are being extensively used in the mobile phones, TVs, cameras and other consumer electronic devices. OLED displays offer sharer, high contrast ratio, crisp colour and enhanced quality display when compared to the other display technologies. Additionally, these displays also offer efficient energy management and are capable of offering 180 degrees viewing angle.

OLED Market Size & Growth:

Global OLED market value is projected to reach $50.56 billion by 2025 with a CAGR of 14.26% in 2019 – 2025 from $XX billion in 2017. OLED shipments grew by nearly 30% in H1, 2018 when compared to the previous year owing to the rise in OLED TV shipments. The market growth is attributed mainly because of the growing demand from the

Global OLED Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

smartphones sector there has been a continuous rise in technological innovations, need for the better functionalities, reduced material usage and advanced display capabilities are likely to propel the market growth during the forecast period. The continuous decline in the prices of LCDs is negatively impacting the market growth. However, the loftier performance of OLEDs has been sustaining in the competitive environment with LCDs. Universal Displays Corporation CEO described 2019 as the critical year for the OLED as a large number of OLED panel manufacturers are expanding their business operations to meet the growing demand for these displays.

Global OLED Market Segments Share:

Global OLEDs market is segmented by display panel type, display panel size, technology, material, application, end user and geography. By application, the market is segregated into smartphones, PCs, tablets, entertainment and infotainment systems, TVs and so on devices. Smartphones are likely to continue its dominance with the market share of over 75% during 2019 – 2025 owing to the significant investments from crucial companies to upgrade display functionalities. As per the recent industrial publications, over 58% of the smartphone display shipment will be OLED. OLED market is yet to notice strong with Japan, Korea

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Global OLED Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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