OLED Display Market : Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )
The global OLED display market accounted for USD 34.1 Billion in 2019. Moreover, it is anticipated to flourish at a CAGR of 18.8% during the forecast period i.e. 2020-2025. Growing demand for energy-efficient and eco-friendly lighting products are expected to foster the growth of OLED display market in the years ahead.
Growth Drivers – OLED Displays Market
Increasing Adoption of OLED Displays in Casual Users
Owing to their advantages such as brighter, thinner, higher efficiency as compared to LCDs, OLED displays are being increasingly adopted in various end-use industries. Addition to this, OLED offers wide viewing angles, faster response time, higher contrast ratios and more saturated colours.
Rising demand for energy-efficient and eco-friendly lighting products is envisioned to positively drive the growth of the world OLED display market in years ahead. Also, rising investment and growing demand for the consumer electronics industry is anticipated to foster the growth of the global OLED display market.
Technological Advancements and Innovation
On the account of rapid technological developments, OLED technology has improved significantly in the past few years. Further, AMOLED displays are used extensively in smartphones and wearable devices. Rising use of wearable devices among people is resulting in increased demand for OLED displays in end-user industries.
OLED display market is witnessing various innovations and launch of new products. Companies are making a significant amount of investment in research and development process. For instance, in June 2019, LG Business Solutions announced the launch of G Transparent OLED digital signage display in the United States.
The research offers a comprehensive analysis of OLED display market with respect to following sub-markets:
On the basis of type, the report has been segmented into PMOLED (Passive-Matrix OLED) and AMOLED (Active-Matrix OLED). In 2019, AMOLED segment accounted for a significant share of global OLED display.
By application, the OLED display market has been segmented into mobile phones, desktops, tablet PCs, automotive, digital cameras, television display and others. In 2019, mobile phones accounted for the highest percentage of market share in the overall OLED display market.
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- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
- Sony Corporation
- LG Electronics Inc.
- Nokia Corporation
- Panasonic Corporation
- Newhaven Display International Inc.
- Mouser Electronics Inc.
- 4D Systems
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides a company’s positioning and market share in the OLED Display market.
Timeline Considered for Analysis:
• 2019- Base Year
• 2020 – Estimated Year
• 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global OLED Display market by the following segments:
Geographical Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global OLED Display Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have a high demand for a product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?