Global Organic Light Emitting Diode Oled Market Share Analysis 2024, Forecast To 2033
8 Mar, 2024
The organic light emitting diode (OLED) market has witnessed rapid growth, escalating from $41.95 billion in 2023 to $47.99 billion in 2024, with a compound annual growth rate (CAGR) of 14.4%. This growth is driven by factors such as consumer electronics demand and reduced manufacturing costs. Looking forward, the market is expected to continue its rapid expansion, reaching $78.02 billion by 2028, with a CAGR of 12.9%. Emerging trends such as automotive display growth and smart home integration are expected to fuel this growth, alongside major trends including mini-LED integration and sustainable manufacturing.
Global Organic Light Emitting Diode OLED Market Key Driver
The increased use of smartphones is set to drive growth in the OLED market. As smartphone ownership becomes widespread, there is a growing demand for advanced display technology. Data from the UK Office of Communications illustrates the significant rise in smartphone connections, driving demand for OLED displays. Therefore, the surge in smartphone usage fuels the growth of the OLED market.
Get A Free Sample Of The Global Organic Light Emitting Diode OLED Market ReportGlobal Organic Light Emitting Diode OLED Market Segments
The organic light emitting diode (oled) market covered in this report is segmented –
1) Product Type:Display, Lighting
2) Technology:Active-Matrix OLED, Passive-Matrix OLED, Foldable OLED, White OLED, Transparent OLED, Other Technologies
3) Display Panel Type:Rigid, Flexible, Other Display Panels
4) End-User:Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace And Defense, Healthcare, Other End-Users
By Geography: The countries covered in the organic light emitting diode (oled) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the OLED market in 2023. The regions covered in the organic light emitting diode (oled) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Organic Light Emitting Diode OLED Industry Players
Panasonic Corporation; Schneider Electric SE; Toshiba Corporation; BOE Technology Group Co. Ltd.; LG Display Co. Ltd.; Corning Incorporated; DuPont de Nemours Inc.; AUO Corporation; Tianma Microelectronics Co. Ltd.; Japan Display Inc.; Truly Semiconductors Ltd; OSRAM Licht AG; Universal Display Corporation; Everdisplay Optronics (Shanghai) Co. Ltd.; Futaba Corporation; Royole Corporation; Wisechip Semiconductor Inc.; Kopin Corporation; Winstar Display Co. Ltd.; OLEDWorks LLC; Newhaven Display International Inc; FlexEnable Limited; Luminescence Technology Corp.; General Digital Corporation; Raystar Optronics Inc; Pixelligient Technologies LLC; Lumiotec Inc.; Dresden Microdisplay GmbH; LXD Incorporated; Samsung Display Co. Ltd.
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Organic Light Emitting Diode OLED Market Overview
OLEDs, known as organic light-emitting diodes, are solid-state monolithic devices with several organic thin films sandwiched between two thin-film conducting electrodes. OLEDs are employed in plasma screens, tablets, computers, photographic apparatus, and cellular phones that provide superior viewing angle.