The latest research study “OLED Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global OLED panel market size reached US$ 35.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.0 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.
Organic light-emitting diode (OLED) panels are manufactured utilizing natural materials that radiate light when electricity is applied. They comprise a backplane, front plane, substrate, and encapsulation layer to avoid oxygen and moisture. OLED panels are thinner, more efficient, and flexible, owing to the elimination of filters and backlights compared to liquid-crystal display (LCD) panels. They offer fast response time, superior viewing angles, and small-size form factors. In addition, OLED panels provide bright colors, fast motion, enhanced image quality, and high contrast. As a result, these boards find widespread applications in handheld game consoles, computer monitors, televisions (TVs), smartphones, and personal digital assistants (PDAs).
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OLED Panel Market Trends and Drivers:
The escalating product demand among the masses, on account of the various advantages with viewing angles and black levels, is primarily driving the OLED panel market. Besides this, the rising utilization of these boards in manufacturing enhanced and foldable smartphones across the globe is further augmenting the market growth. Moreover, the leading players are increasingly investing in research and development (R&D) activities to install transparent OLED display panels as digital screens and incorporate active-matrix organic light-emitting diode (AMOLED) panels, which is also catalyzing the global market.
Apart from this, the growing popularity of consumer electronics, such as computers, laptops, smartphones, tablets, gaming consoles, wearables, digital cameras, and virtual reality (VR) and augmented reality (AR) devices, is acting as another significant growth-inducing factor. Furthermore, the rising awareness among the consumers toward the benefits of these boards, including energy efficiency, sunlight-readability, and easier recycling process compared to liquid-crystal displays (LCDs), is expected to bolster the OLED panel market in the coming years.
OLED Panel Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BOE Technology Group Co. Ltd., Innolux Corporation, Koninklijke Philips N.V., LG Display (LG Electronics Inc.), OSRAM OLED GmbH (OSRAM GmbH), Raystar Optronics Inc., RITEK Corporation, Samsung Display Co. Ltd. (Samsung Electronics Co., Ltd.), Sony Group Corporation, Universal Display Corporation, Visionox Co. Ltd, Winstar Display Co. Ltd. and WiseChip Semiconductor Inc.
The report has segmented the market on the basis of
Breakup by Type:
- Flexible
- Rigid
- Transparent
Breakup by Technology:
- PMOLED Display
- AMOLED Display
Breakup by Size:
- Small-sized OLED Panel
- Medium-sized OLED Panel
- Large-sized OLED Panel
Breakup by End User:
- Mobile and Tablet
- Television
- Automotive
- Wearable
- Others
Breakup by Region:
- 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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