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 share, size, trends, and growth 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, or OLEDs, represent state-of-the-art technology. These devices are composed of organic compounds that generate light upon the application of an electrical current. What sets OLEDs apart is their independence from a backlight, which leads to screens that are thinner and more flexible, featuring vivid colors and deep blacks. OLEDs are renowned for their remarkable color precision and brilliance, as each pixel emits its own light, enabling precise control over color reproduction. Moreover, they are energy-efficient, only consuming power when individual pixels are active. This quality has made them highly versatile, with extensive use in smartphones, televisions, lighting, and wearable devices worldwide.
Global Organic LED Market Trends and Drivers:
Currently, the surging demand for OLEDs within the consumer electronics sector serves as a pivotal catalyst driving market expansion. Furthermore, prominent smartphone manufacturers are incorporating OLED screens into their flagship models, presenting users with crisper imagery, improved energy efficiency, and more streamlined aesthetics. Moreover, the escalating sales of OLED TVs, driven by consumers seeking immersive viewing experiences, paint a promising picture for the market. Additionally, the increasing utilization of OLEDs in automotive displays and lighting is powering market growth. In sync with this trend, the quest for energy-efficient solutions is pushing the integration of OLED technology into dashboard displays and exterior lighting systems, elevating both vehicle safety and aesthetics.
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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