Organic LED Market predicted to show a Promising Growth during Forecast 2014 – 2020 | LG Electronics Inc., Koninklijke Philips N.V., OSRAM GmbH, Samsung Electronics Co. Ltd., Panasonic Corporation

OLED, also known as organic light emitting diode is a flat light emitting technology developed by placing thin organic films between two conductors. OLED technology is garnering more acceptance among end users since they are thinner, brighter, lighter in weight, more power efficient and offer higher contrast as compared to LCDs.

OLEDs offer wide viewing angles, faster response time, higher contrast ratios and more saturated colors to enhance viewing experience of end users. OLED is one of the most promising display and lighting technologies that has the capability of offering power efficiency lighting and is superior compared to the fluorescent tubes and incandescent bulbs. OLED technology helps the end user to create flexible display and lighting panels. OLEDs are more expensive as compared to LED and LCD products. However, the price of these products would decrease gradually once the products get more acceptance in the market.

Organic LED Market is expected to garner $37.2 billion by 2020, registering a CAGR of 18.3% during the forecast period 2015 - 2020.

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The World OLED technology market is predicted to show a promising growth during the forecast period owing to the increased demand for energy efficient and eco-friendly lighting products that would consume less energy. This is the major factor driving the world OLED market. OLEDs are primarily used for display and lighting functions. Based on the rapid technological developments taking place, OLED technology has shown drastic improvement in the past few years.

Geographically, the world OLED market is segmented into North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Asia-Pacific leads the world OLED market, accounting for majority of the total market share by revenue. It is followed by North America, Europe and LAMEA. Most of the key players including Samsung, LG, AUO, Panasonic and others, have their base in the Asia-Pacific region. These companies are not restricted to regional level but have a worldwide presence. These companies have adopted product launch, partnership and collaboration as their major growth strategies to stay competitive in the market. These strategies enable the company to enhance their overall business revenues and expand their consumer base.

The report segments the OLED market based on application, display type, applications of OLED display panel, end users and geography. Based on application, the OLED market is segmented into display and lighting. Based on display type, the OLED display market is segmented into AMOLED and PMOLED. Television and monitors, smartphones, notebooks and tablets, automotive and others are the major application areas of OLED display. Based on end users, the OLED lighting market is segmented into commercial, residential and industrial. Some of the key players profiled in the report are LG Electronics Inc., Koninklijke Philips N.V., OSRAM GmbH, Samsung Electronics Co. Ltd., Panasonic Corporation and Universal Display Corporation.

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ORGANIC LED MARKET SEGMENTS

The OLED market is segmented based on application, OLED display type, OLED display application, OLED lighting market by end users, and geography.

Oled Market By Application

Display
Lighting

Oled Display Market By Type

PMOLED
AMOLED

Oled Display Market By Application

Television and Monitors
Smartphones
Notebooks and Tablets
Automotive
Others

Oled Lighting Market By End Users

Commercial
Residential
Industrial

Oled Market By Geography

North America
Europe
Asia Pacific
LAMEA

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Posted by on Friday July 12 2019, 5:32 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Consumer & Retail, Featured Press Release, Media, Semiconductors, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks are open. Follow responses: RSS 2.0

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