Global Organic LED Market Overview 2023-2028
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) are cutting-edge devices, consisting of organic compounds that emit light when an electric current is applied. OLEDs do not require a backlight, resulting in thinner and more flexible screens with vibrant colors and deep blacks. They are known for their exceptional color accuracy and vibrancy, as each pixel emits its own light, allowing for precise control over color reproduction. They are energy-efficient, as they only consume power when individual pixels are lit. As a result, they find extensive applications in smartphones, televisions, lighting, and wearable devices across the globe.
Global Organic LED Market Trends and Drivers:
At present, the rising demand for OLEDs in the consumer electronics industry represents one of the key factors supporting the growth of the market. Besides this, key smartphone manufacturers incorporate OLED screens into their flagship models, offering users sharper images, energy efficiency, and sleeker designs. Additionally, the growing number of OLED TV sales, as consumers seek immersive viewing experiences, is offering a favorable market outlook. Furthermore, the adoption of OLEDs in automotive displays and lighting is propelling the growth of the market. In line with this, the pursuit of energy-efficient solutions is leading to the integration of OLED technology in dashboard displays and exterior lighting systems, enhancing safety and aesthetics of the vehicle.
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
- Passive-Matrix OLED (PMOLED)
- Active-Matrix OLED (AMOLED)
- Transparent OLED
- Top-Emitting OLED
- White OLED
- Television and Monitors
- Laptops and Tablets
End Use Sector Insights
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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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