OLED Panel Market

OLED Panel Market by Display Address Scheme (PMOLED Displays and AMOLED Displays), Types (Rigid, Flexible, and Transparent), Size (Small-sized OLED Panels, Medium-sized OLED Panels, and Large-sized OLED Panels), Products (Television, Mobile & Tablet, Automotive, Wearable, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3164
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 58
  • No. Of Pages: 177
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The global OLED panel market size is expected to register a high CAGR during the forecast period, 2021–2028. An organic light-emitting diode (OLED or organic LED) is a light-emitting diode (LED) in which the emissive luminescent layer is a film of organic compound that produces light in response to an electric current. This organic layer is sandwiched between two electrodes, at least one of which is usually transparent. OLEDs are utilized in devices like television screens, computer monitors, and portable systems like smartphones and handheld gaming consoles to generate digital displays. The development of white OLED devices for use in solid-state lighting applications is a key field of study.

Global OLED Panel Market Key Takeaways

Today, OLEDs are mostly employed in mobile devices, with many high-end smartphones using them. Annually, over 500 million OLED panels are made by various display manufacturers, and the industry is rising because OLEDs provide superior picture quality, smaller form factors, and flexibility - all of which are difficult to achieve with LCDs. Over a billion OLED panels are estimated to be produced yearly by 2022.

According to Analysis, OLED displays will be found in 45% of all smartphones sold in 2021. On the other hand, this form of display is predicted to be found in 55 percent of all handsets sold in 2022.

One of the fundamental causes for the increase in market share of OLED-equipped smartphones is the greater adoption of AMOLED and OLED display technologies by major smartphone manufacturers like Apple and Samsung.

Samsung is developing a new type of television that tries to integrate two display technologies into one. It's a QD Display, which is a mix of OLED and quantum dots. According to Korea IT News, Samsung Display will stop producing LCD panels by the end of 2021 and switch to QD Display the next year. Samsung Electronics, on the other hand, might begin selling these revolutionary TVs as early as 2022.

AMOLED panels in laptops are becoming more popular. Samsung said earlier this year that it will deliver ten new OLED laptop displays in 2021, and sources claimed that the firm is considering creating a specialized 6-Gen or perhaps 8.5-Gen production line for laptop AMOLEDs.

Market Trends, Drivers, Restraints, and Opportunities

  • Increased demand for smart phone is expected to drive the market expansion in coming years.
  • Growing number of smart tv manufactures is projected to surge the demand for hydrocolloids market.
  • Rising disposable income due to rapid economic growth are anticipated to surge the market.
  • Properties of OLED such as flexibility, slim, and lightweight are expected to boost the market during the forecast period.
  • Increased adoption of OLED in cars is expected to fuel the market during the forecast period.
  • Rising demand for AMOLED display is key factors pushing the market growth in the coming years.
  • Rapid growth in electrical & electronic industry are major factors boosting the market.
  • High cost of OLED is expected to hinder the market.
  • OLED generally have shorter life span than LED this act as a challenge for the market growth.
  • Technological advancements and developments such as smart AMOLED and others are expected to create a lucrative opportunity for market players.

Scope of the Report

The report on the global OLED panel market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

OLED Panel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Display Address Scheme (PMOLED Displays and AMOLED Displays), Types (Rigid, Flexible, and Transparent), Size (Small-sized OLED Panels, Medium-sized OLED Panels, and Large-sized OLED Panels), Products (Television, Mobile & Tablet, Automotive, Wearable, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sony Corporation; Pioneer Corporation; Raystar Optronics Inc.; Samsung Display Co. Ltd; LG Display Co., Ltd

OLED Panel Market Segment Insights

The AMOLED displays segment is expected to expand at a rapid pace

In terms of display address scheme, the OLED panel market is segmented into PMOLED displays and AMOLED displays. The AMOLED displays segment is expected to hold a key share of the market in the coming years due to broad viewing angle, quick response time, and power efficiency AMOLED displays are ideal for devices with a high-power consumption, such as smartphones. AMOLED screens, for example, are used in various Apple watches, and the iPhone X includes an AMOLED screen.

The flexible segment is projected to constitute a key market share

Based on types, the OLED panel market is divided into rigid, flexible, and transparent. The flexible segment is expected to account for a key share of the market during the forecast period owing to it helps in manufacturing of screens or panels flex without breaking.

Global OLED Panel Market Types

The small-sized OLED Panels segment is expected register at a rapid pace

On the basis of sizes, the OLED panel market is segmented into small-sized OLED Panels, medium-sized OLED Panels, and large-sized OLED Panels. The small-sized OLED Panels segment is expected to grow at a rapid pace during the forecast period due to rising demand for wearable devices as due to thickness, flexibility, and appearance of small size OLED display, make it a favorable technology for wearable applications.

The mobile & tablet segment is anticipated to register rapid CAGR

In terms of products, the OLED panel market is divided into television, mobile & tablet, automotive, wearable, and others. The mobile & tablet segment is expected to constitute a key share of the market during the forecast period due to continuous evolving technology and rising demand for high resolution and enhance display quality smart phones and tables.

Asia Pacific is anticipated to dominate the market

On the basis of regions, the OLED panel market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rapid growth of disposable income and rising number of consumers in the region.

Global OLED Panel Market Regions

Segments

The global OLED panel market has been segmented on the basis of

Display Address Scheme

  • PMOLED Displays
  • AMOLED Displays

 Types

  • Rigid
  • Flexible
  • Transparent

 Size

  • Small-sized OLED Panels
  • Medium-sized OLED Panels
  • Large-sized OLED Panels

 Products

  • Television
  • Mobile & Tablet
  • Automotive
  • Wearable
  • Others

Regions

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

Key Players

  • Sony Corporation
  • Pioneer Corporation
  • Raystar Optronics Inc.
  • Samsung Display Co. Ltd
  • LG Display Co., Ltd

Competitive Landscape

Key players competing in the OLED panel market include Sony Corporation; Pioneer Corporation; Raystar Optronics Inc.; Samsung Display Co. Ltd; LG Display Co., Ltd.

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
On, June 2019 LG Display launched a transparent OLED commercial display in the United States It's a see-through display with a razor-thin thickness that's meant to provide a unique consumer experience in commercial applications like retail and hospitality signs.

Global OLED Panel Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. OLED Panel Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. OLED Panel Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. OLED Panel Market - Supply Chain
  4.5. Global OLED Panel Market Forecast
     4.5.1. OLED Panel Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. OLED Panel Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. OLED Panel Market Absolute $ Opportunity
5. Global OLED Panel Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. OLED Panel Market Size and Volume Forecast by Applications
     5.3.1. Rigid Flexible Transparent
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global OLED Panel Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. OLED Panel Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global OLED Panel Demand Share Forecast, 2019-2026
7. North America OLED Panel Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America OLED Panel Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America OLED Panel Market Size and Volume Forecast by Applications
     7.4.1. Rigid Flexible Transparent
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America OLED Panel Demand Share Forecast, 2019-2026
8. Latin America OLED Panel Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America OLED Panel Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America OLED Panel Market Size and Volume Forecast by Applications
     8.4.1. Rigid Flexible Transparent
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America OLED Panel Demand Share Forecast, 2019-2026
9. Europe OLED Panel Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe OLED Panel Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe OLED Panel Market Size and Volume Forecast by Applications
     9.4.1. Rigid Flexible Transparent
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe OLED Panel Demand Share Forecast, 2019-2026
10. Asia Pacific OLED Panel Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific OLED Panel Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific OLED Panel Market Size and Volume Forecast by Applications
     10.4.1. Rigid Flexible Transparent
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific OLED Panel Demand Share Forecast, 2019-2026
11. Middle East & Africa OLED Panel Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa OLED Panel Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa OLED Panel Market Size and Volume Forecast by Applications
     11.4.1. Rigid Flexible Transparent
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa OLED Panel Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global OLED Panel Market: Market Share Analysis
  12.2. OLED Panel Distributors and Customers
  12.3. OLED Panel Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sony Corporation Pioneer Corporation Raystar Optronics Inc. Samsung Display Co. Ltd LG Display Co., Ltd
The global OLED panel market has been segmented on the basis of

Display Address Scheme

  • PMOLED Displays
  • AMOLED Displays

 Types

  • Rigid
  • Flexible
  • Transparent

 Size

  • Small-sized OLED Panels
  • Medium-sized OLED Panels
  • Large-sized OLED Panels

 Products

  • Television
  • Mobile & Tablet
  • Automotive
  • Wearable
  • Others

Regions

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

Key Players

  • Sony Corporation
  • Pioneer Corporation
  • Raystar Optronics Inc.
  • Samsung Display Co. Ltd
  • LG Display Co., Ltd

Key players competing in the OLED panel market include Sony Corporation; Pioneer Corporation; Raystar Optronics Inc.; Samsung Display Co. Ltd; LG Display Co., Ltd.

Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
On, June 2019 LG Display launched a transparent OLED commercial display in the United States It's a see-through display with a razor-thin thickness that's meant to provide a unique consumer experience in commercial applications like retail and hospitality signs.

Global OLED Panel Market Key Players

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