The Market Size for Organic Light-Emitting Diode OLED Displays is projected to grow at a CAGR of 26.5% during the forecast period, from 2021 to 2028. This can be attributed to the increasing demand for smartphones and televisions with an OLED display in various regions such as North America, Latin America, Europe, and the Asia Pacific. However, the high cost of production associated with organic light-emitting diodes (OLEDs) may hamper growth prospects over the next few years.
Organic Light-Emitting Diode OLED Displays are a type of flat panel display that generates light in the form of organic compounds, rather than producing light using an external backlight. The most popular technologies for these displays are AMOLED (active matrix) and P-OLED (passive matrix). In recent years, more manufacturers have begun to shift away from LCD screens towards OLEDs because they can produce better images with deeper colors and richer contrast ratios.
On the basis of Types, the market is segmented into rigid, flexible, and other types.
Rigid OLED displays are made from a glass panel, and they can be folded to form a flexible display. They offer high resolution with contrast ratios that surpass LCD screens. Rigid OLEDs also deliver the superior image quality and power efficiency in comparison to the traditional AMOLED displays.
Flexible OLED Displays are screens that can be curved or bent to an infinite number of shapes. Flexible displays have been in research and development for many years before the first product came into production. These flexible screens offer a wide range of opportunities, including foldable displays - where you could roll up your smartphone like a newspaper when not in use. The term "flex display" is often used interchangeably with “polymer LED” (PLED) as both technologies rely on organic materials that emit light after being stimulated by electricity; however, polymer LEDs depend more heavily on their semiconducting properties rather than mechanical flexibility to produce images whereas flex displays make extensive use of their mechanical properties such as bending instead of relying simply on their semiconducting properties.
On the basis of Application, the market is segmented into terms of the smartphone, tablet, laptop & PC monitor, television, vehicle & public transport, and others.
OLED displays are used in smartphones for a variety of purposes such as displaying the handset's home screen and other apps. The use of OLED display not only improves battery efficiency but also enhances the viewing experience, allowing it to show deeper blacks and brighter colors than LCD screens.
OLEDs are used in tablets for both video and still images. OLED displays offer advantages over traditional LCD panels, such as a faster response time (which is necessary for displaying moving pictures) and lower power consumption than an LCD panel of comparable size. These factors make them ideal for the tablet environment where battery life can be problematic depending on usage patterns.
In addition to these technical benefits, there are design features that may appeal to consumers when they purchase their next tablet: sharper colors; less backlight glare which is overpowering or distracting from a text on the screen; better contrast ratio between light and dark areas of the display which improves readability under certain circumstances but also makes it easier to see details on photographs with half-lights, reflections, and glares.
The laptop & PC monitor segment accounted for about 20% of the total market share in 2018. The use of OLED displays is increasing as they offer superior image quality and good viewing angles. They are capable of providing sharper images with better contrast, creating a more immersive experience for users when compared to traditional LCD screens (which have poor color accuracy).
In addition, many manufacturers prefer relying on these panels due to their durability properties such as increased resistance against accidents or damage from various environmental factors including moisture, scratches, etc. This has led them to be widely used in laptops because it saves space and allows one-panel size across all models instead of being limited by screen sizes like smaller display panels that need two different types of backlighting technology (one type for the display and one type for the backlight).
Organic Light-Emitting Diode OLED Displays are the main module for vehicle & public transport. The use of organic light-emitting diodes in these is increasing owing to their high performance and low maintenance cost. Although, they have a comparatively lower efficiency as compared with other display technologies such as plasma or LCD displays it’s getting improved day by day because of which using Organic LED Display instead of traditional screens has become preferable across various industries.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Latin America. North American Market is the leading market for this display technology because of its high adoption in the automobile industry while the European region has also emerged as a major player due to recent development in Automobile Industry. Asia Pacific region is anticipated to show the fastest CAGR during the forecast period due to high penetration in developing countries such as India and China.
The growth of the Organic Light-Emitting Diode OLED Displays Market is driven by increasing demand for large displays in the television and automobile industries. Moreover, technological advancements & innovation during the past few years have made this display technology more efficient to manufacture. However, the high conversion cost associated with these products can affect its overall market share.
The demand for Organic Light-Emitting Diode OLED Displays in Television and Automobile Industries has increased due to large displays, which are more efficient as compared to LED LCDs and Plasma TVs. Moreover, technological advancements & innovation have made this display technology more cost-effective to manufacture.
Up Market Research published a new report titled “Organic Light Emitting Diode OLED Displays Market research report which is segmented by Types (Rigid, Flexible, Others), By Applications (Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, Others), By Players/Companies Samsung Electronics, LG Display, Universal Display Corporation, AU Optronics, BOE Technology, Tianma Microelectronics, Royole Corporation, Acuity Brands, Konica Minolta Pioneer OLED, OLEDworks, Lumiotec”.
|Report Attributes||Report Details|
|Report Title||Organic Light Emitting Diode OLED Displays Market Research Report|
|By Type||Rigid, Flexible, Others|
|By Application||Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, Others|
|By Companies||Samsung Electronics, LG Display, Universal Display Corporation, AU Optronics, BOE Technology, Tianma Microelectronics, Royole Corporation, Acuity Brands, Konica Minolta Pioneer OLED, OLEDworks, Lumiotec|
|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||236|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The market is segmented by Type Rigid, Flexible, Others and By Application Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, Others.
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Organic Light Emitting Diode OLED Displays 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.
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