Global Organic LED Market to 2028: Shifting Preference of Consumers Towards AMOLED Displays from LCDs Bolsters Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Organic LED Market by Product Type, Technology (Passive-Matrix OLED, Active-Matrix OLED, Transparent OLED, Top-Emitting OLED, White OLED), Application, End Use Sector, and Region 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global organic LED market size reached US$ 45.41 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 145.8 Billion by 2028, exhibiting a CAGR of 21.46% during 2022-2028.
Companies Mentioned
- AUO Corporation
- DuPont de Nemours Inc.
- Futaba Corporation
- LG Electronics Inc. (LG Corporation)
- OLEDWorks
- Osram Licht AG (ams AG)
- Panasonic Holdings Corporation
- RITEK Corporation
- Samsung Electronics Co. Ltd. (Samsung Group)
- Sony Group Corporation
- Toshiba Corporation
- Universal Display Corporation
- Visionox Technology Inc.
The shifting preference of consumers towards AMOLED displays, continual advancements in OLED technology, and the emerging trend of switching toward eco-friendly lighting solutions represent some of the key factors driving the market.
An organic light-emitting diode (OLED) refers to a flat light-emitting diode that offers superior power efficiency and brightness when compared to fluorescent tubes and incandescent bulbs. OLEDs are one of the most promising illumination technologies since their panels are made from organic materials that are energy efficient.
The technology was developed by placing thin organic films between two conductors in order for the organic molecules to produce light. The benefits of OLEDs include wide viewing angles, improved contrast ratios, fast response times, and more saturated colors for enhanced viewing experiences.
In comparison to LCDs, OLED panels are thinner, brighter, more transparent, lighter, and use lesser energy. As a result, OLEDs are extensively utilized in various devices, such as TV screens, computer monitors, smartphones, and handheld gaming consoles, to create flexible digital displays and lighting.
The shifting preference of consumers towards AMOLED displays from LCDs is one of the key factors driving the growth of the market. This can be attributed to the escalating demand for better visual experiences from television and smartphones. Also, the widespread adoption of various smart devices, including televisions, laptops, smartphones and tablets, is also acting as a significant growth-inducing factor for the market.
Moreover, the augmenting uptake of high-quality OLED displays, such as HUDs, central stack displays and instrument clusters, in luxury cars, along with the rising sales of automobiles, is fueling the market.
In addition to this, the rising investments by the major market players for the expansion of OLED display panel manufacturing facilities are providing an impetus to the market. Besides this, continual advancements in OLED technology, such as retina display technology and micro-LEDs, are creating lucrative growth opportunities.
Furthermore, considerable growth in the semiconductor industry resulting in the reduction of raw material costs is impacting the market positively. The market is further propelled by the emerging trend of switching toward eco-friendly lighting solutions as well as smart lighting systems from their conventional counterparts among the masses.
Some of the other factors creating a positive market outlook include rapid urbanization, a significant increase in various infrastructural development projects, and extensive research and development (R&D) activities conducted by key players.
Key Questions Answered in This Report:
- How has the global organic LED market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global organic LED market?
- What are the key regional markets?
- Which countries represent the most attractive organic LED markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on application?
- What is the breakup of the market based on end use sector?
- What is the competitive structure of the global organic LED market?
- Who are the key players/companies in the global organic LED market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Organic LED Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Display
6.2 Lighting
7 Market Breakup by Technology
7.1 Passive-Matrix OLED (PMOLED)
7.2 Active-Matrix OLED (AMOLED)
7.3 Transparent OLED
7.4 Top-Emitting OLED
7.5 White OLED
8 Market Breakup by Application
8.1 Television and Monitors
8.2 Smartphones
8.3 Laptops and Tablets
8.4 Automotive
8.5 Others
9 Market Breakup by End Use Sector
9.1 Commercial
9.2 Residential
9.3 Industrial
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/pijjhq
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