The Global Organic LED Market Will Be Driven by Rapid Technological Advancements During the Forecast Period 2021-2026

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Expert Market Research’s new report titled ‘Global Organic LED Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global market organic LED market, assessing the market based on its segments such as types, products, technology, application, industry and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click request a sample report. The sample report will be delivered to you within 24 hours.

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Key highlights of the report include:

Market Overview (2016-2026)

• Historical market size (2020): 30 billion USD
• Forecast CAGR (2021-2026): 23.2%
• Projected market size (2026): 105 billion USD

The global organic LED industry is driven by the growing demand for environmentally friendly products, which could provide a significant opportunity for this industry to grow. The Asia-Pacific region dominates the organic LED industry, accounting for the majority of market revenue. Asia-Pacific leads the global organic LED market, followed by North America and Europe. High productivity, low power consumption, improved image quality, durability and light weight are major factors positively influencing the organic LED market.

Industry definition and major segments

Organic LED, also known as Organic Light Emitting Diode, is a flat light-emitting technology made by placing thin organic films between two conductors. It has the ability to provide energy efficient lighting and replace fluorescent tubes and incandescent bulbs.

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The Organic LED Market, based on Types, can be segmented into:

• Flexible OLED
• Rigid OLED

On the basis of products, the market can be divided into:

Display
Lighting

On the basis of technology, the industry can be segmented into:

• Passive matrix OLED (PMOLED)
• Active matrix OLED (AMOLED)
• Transparent OLED
• High emission OLED
• Foldable OLED
• White OLED

Based on application, the industry can be divided into:

Television and Monitors
• Smartphones
• Laptops and tablets
Automotive
• Others

According to the sector, the industry can be divided into:

Commercial
Residential
Industrial

Regional markets for organic LEDs include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Among these, Asia-Pacific accounts for the leading organic LED market share.

Market trends

The increasing use of OLED technology is gaining popularity with end users as it is thinner, brighter, lighter, more energy efficient and offers higher contrast than LCD displays. OLEDs offer wider viewing angles, faster response times, higher contrast ratios and more saturated colors to enhance end-user viewing experiences. They are more expensive than LED and LCD products. Rapid technological advancements and increasing government investments are expected to contribute significantly to the robust growth of the market over the forecast period.

Main market players

The major market players are Au Optronics Corp, Cambridge Display Technology Limited, Universal Display Corporation (NASDAQ:OLED), LG Electronics Inc., Koninklijke Philips NV, Osram GmbH, Samsung Electronics Co., Ltd. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.

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