The Global OLED Lighting Substrate Market size is expected to exhibit a CAGR of more than 10% from 2021 to 2028. The growth in the market can be attributed to factors such as increasing demand for energy-efficient products, technological advancements in OLEDs, and raising awareness about the benefits of green technologies.
Light-emitting Diodes or LEDs don't produce enough light for some purposes. In other cases where more than a single LED is needed to provide the desired level of illumination, such as in neon signs, it can be difficult to make each one emit just the right amount of light without overexposing any area and leaving others too dark. This problem has been solved by using an OLED Lighting Substrate which diffuses brightness uniformly across its surface. LEDs, photovoltaic cells for solar panels, thin-film transistors, and sensors are some applications where OLED lighting substrate is used. It can also be applied to different areas such as toys or medical equipment that require a display screen with high resolution.
On the basis of Type, the market is segmented into Plastic, Metal, and Fabric. The plastic segment accounted for the largest market share accounting for more than half of the global OLED lighting substrate volume share.
Plastic OLED substrate is made of organic LED and polymer materials. The plastic material makes the process more flexible than other substrates because it can be stretched to fit different shapes without breaking like glass or metal. LEDs are most commonly used in displays, lighting panels, backlights for TVs/LCDs, sensors as well as many other applications. Plastic OLED has a wide range of potential uses that make them an attractive option over traditional substrates such as metal and glass which have been traditionally used in these areas. For example, they may offer cost savings due to their flexibility if being applied on large surfaces where weight needs to be distributed evenly across regions with uneven ground.
Metal OLED Substrate is a display type that uses organic light-emitting compounds and metal electrodes to produce color images. The major advantages of Metal OLED are its high brightness, low power consumption, and excellent energy efficiency; moreover, the operating temperature can be adjusted from room temperature up to 100°C or higher depending on requirements.
Fabric LED substrate is a thin sheet of plastic that contains small ribbon-like conductors that emit light. Fabric LEDs are versatile and can be used in almost any application including clothing, lampshades, tablecloths, or curtains. A fabric LED substrate lights up when it receives an electric current just like a regular LED does but the luminescent material has been printed on the surface instead of being mixed into the plastic itself.
The advantage to this type of design is that you don't need to worry about heat dissipation because there isn't one - great for fabrics with delicate materials. The disadvantage however is they have limitations in terms of brightness so these types must only be used where ambient lighting might suffice.
On the basis of Application, the market is segmented into Commercial, Industrial, and Residential. The commercial segment accounted for the largest market share accounting for more than half of the global OLED lighting substrate volume share.
On the basis of Region, the market is segmented across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North American region led in terms of revenue owing to a huge adoption rate by commercial consumers as well as government initiatives such as the US Department of Energy's L Prize Competition which focuses on development related to OLED technology. On contrary to this trend European region lead with regard to growth prospects owing primarily due to the "Bold-First" scheme launched by China’s Ministry Of Science And Technology (MOST).
Europe, Asia Pacific, and Middle East & Africa are the fastest-growing regions in terms of OLED lighting substrate market volume. Sectors such as commercial, industrial, residential followed by emerging sectors like non-residential and transportation are expected to be leading contributors towards growth for the global OLED lighting substrate market during the forecast period.
Up Market Research published a new report titled “OLED Lighting Substrate Market research report which is segmented by Types (Plastic, Metal, Fabric), By Applications (Commercial, Industrial, Residential), By Players/Companies Philips Lighting, Konica Minolta, LG, OSRAM Light, Toshiba, GE, Universal Display, Ason Technology, First-O-Lite, Lumiotec, NEC Lighting, Panasonic, Samsung”.
|Report Attributes||Report Details|
|Report Title||OLED Lighting Substrate Market Research Report|
|By Type||Plastic, Metal, Fabric|
|By Application||Commercial, Industrial, Residential|
|By Companies||Philips Lighting, Konica Minolta, LG, OSRAM Light, Toshiba, GE, Universal Display, Ason Technology, First-O-Lite, Lumiotec, NEC Lighting, Panasonic, Samsung|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||233|
|Number of Tables & Figures||164|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Plastic, Metal, Fabric and By Application Commercial, Industrial, Residential.
Some of the companies that are profiled in this report are:
OLED Lighting Substrate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the OLED Lighting Substrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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