Global Organic LED Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Organic LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global organic LED market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global organic LED market size reached US$ 45.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 145.8 Billion by 2028, exhibiting a growth rate (CAGR) of 20.84% during 2023-2028.
Organic light-emitting diodes (OLEDs) represent state-of-the-art technology, utilizing organic compounds to produce light upon the application of an electric current. Unlike traditional displays, OLEDs eliminate the need for a backlight, resulting in sleeker, more flexible screens with vivid colors and deep blacks. Their hallmark features include outstanding color precision and vibrancy, with each pixel independently emitting light, enabling meticulous control over color rendition. Moreover, OLEDs are energy-efficient, consuming power only when specific pixels are illuminated, making them highly efficient. Consequently, they have found widespread use in smartphones, televisions, lighting, and wearable devices on a global scale.
Global Organic LED Market Trends and Drivers:
Currently, the surging demand for OLEDs within the consumer electronics sector is a significant driver for market expansion. Moreover, prominent smartphone manufacturers are incorporating OLED screens in their flagship models, providing users with crisper visuals, energy efficiency, and sleeker designs. Additionally, the increasing sales of OLED TVs, driven by consumer preferences for immersive viewing experiences, contribute to a positive market outlook. The adoption of OLEDs in automotive displays and lighting further fuels market growth. In alignment with this trend, the pursuit of energy-efficient solutions leads to the integration of OLED technology in dashboard displays and external lighting systems, augmenting both the safety and aesthetics of vehicles.
Global Organic LED Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are 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, etc.
The report segmented the market on the basis of region, product type, technology, application and end use sector.
Product Type Insights
- Display
- Lighting
Technology Insights
- Passive-Matrix OLED (PMOLED)
- Active-Matrix OLED (AMOLED)
- Transparent OLED
- Top-Emitting OLED
- White OLED
Application Insights
- Television and Monitors
- Smartphones
- Laptops and Tablets
- Automotive
- Others
End Use Sector Insights
- Commercial
- Residential
- Industrial
Regional Insights
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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