Organic Light Emitting Diode Market Expected to Grow USD 30.40 Billion | BOE Technology Group Co.Ltd. and Innolux Corp. among the main suppliers

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NEW YORK, January 12, 2022 /PRNewswire/ — Some of the key growth drivers for this market are the growing number of patent-related activities by market vendors, growing investments in manufacturing facilities, and the rising popularity of digital signage applications, according to a Technavio senior analyst.

Attractive Opportunities in Organic Light Emitting Diode Market by Product, Type and Geography – Forecast and Analysis 2021-2025

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the organic light emitting diode market the size should increase by $30.40 billion from 2020 to 2025. The year-over-year growth rate of the market in 2021 is 12.72%.

Some key suppliers and their offers

  • BOE Technology Group Co.Ltd. – The company offers both LCDs and small glass-based OLEDs. It also produces LCD backlight units and solar panels. Some of the OLEDs include Chengdu B7 6-Gen factory, OLED 6-Gen factory.

  • Innolux Corp. – The company offers advanced display integration solutions, including ultra-high resolution 4K2K, naked-eye 3D, IGZO, LTPS, AMOLED, OLED and touch control display solutions used with innovative and differentiated technology .

  • Japan Display Inc. – The company offers next-generation self-luminescent OLED display technology such as Advanced-LTPS (backplane) technology and Advanced-SBS (front-plane) technology which aims to achieve ultra-high resolution image quality.

  • Konica Minolta Inc. – The Company offers different OLED lighting products, including white color panels and red color panels.

  • LG Electronics Inc. – The company offers a wide range of OLED signage products in Transparent OLED, Flat OLED and Curvable OLED categories.

Market Segmentation Highlights

  • By product, the organic light-emitting diode market has been categorized into two segments, namely OLED display and OLED lighting. The OLED display market segment will account for the highest market share in the coming years. Growing applications of OLED displays in smartphones and consumer electronics will drive the growth of the market segment in the coming years.

  • By type, the market has been segmented into rigid OLED and flexible OLED.

Regional analysis

  • By geography, the organic light emitting diode market has been segmented into five regions, namely APAC, North America, Europe, South America, and MEA).

  • 76% of growth will come from APAC.

  • China, South Korea (Republic of Korea), Japan, and Taiwan are some of the key countries for the organic light emitting diode market in APAC.

  • Market growth in this region will be faster that market growth in North America, Europe, South Americaand MEA.

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Remarks:

  • Organic Light Emitting Diode Market Size is Expected accelerate at a CAGR of 13.44% over the forecast period.

  • The market is fragmented due to the presence of many vendors with a large market share.

  • The research report offers information on several market vendors including BOE Technology Group Co. Ltd., Innolux Corp., Japan Display Inc., Konica Minolta Inc., LG Electronics Inc., Nippon Seiki Co. Ltd., OSRAM GmbH, Samsung Electronics Co. Ltd., Tianma Microelectronics Co. Ltd. , and Universal Display Corp.

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Scope of the Organic Light Emitting Diodes Market

Cover of the report

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 13%

Market Growth 2021-2025

$30.40 billion

Market structure

Fragmented

Annual growth (%)

12.72

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

Asia-Pacific at 76%

Main consumer countries

China, United States, South Korea (Republic of Korea), Japan and Taiwan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

BOE Technology Group Co. Ltd., Innolux Corp., Japan Display Inc., Konica Minolta Inc., LG Electronics Inc., Nippon Seiki Co. Ltd., OSRAM GmbH, Samsung Electronics Co. Ltd., Tianma Microelectronics Co. Ltd. , and Universal Display Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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