Organic Light Emitting Diode (OLED) Market Snapshot
The OLED market opportunity is constantly growing and significant capital investments are being made to facilitate competitively priced products in the coming years. The OLED displays available in the market today are still expensive but with the advancement of technology, the prices are expected to decrease. Present advancements to display performance have led to improved product competitiveness and it is anticipated that the demand for smaller displays, particularly smartphones, will grow at an instant rate. Whereas, for the large display market, the demand for flat televisions with OLED displays is expected to grow in the near future.
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Leading Players : FUTABA CORPORATION, Samsung Electronics Co., Ltd., Universal Display Corporation, Kunshan Visionox Display Technology Co., Ltd, DLC Display Co., Limited., Pioneer Corporation, Sony Corporation, Koninklijke Philips N.V., Acuity Brands Lighting Inc., SEIKO EPSON CORPORATION, Innolux Corporation, OLEDWorks LLC, LG Electronics Inc., OSRAM GmbH, RITEK Corporation
OLED Market Insights
Rising demand for consumer and commercial products such as smartphones, TV, Signage, etc. will drive OLED Market
Organic Light Emitting Diode (OLED) being thin, flexible and cost-effective lighting solution is gaining popularity specifically in the backlight market comprising of consumer durables such as TV, smartphones and commercial advertising such as signage. Several consumer durable companies are looking forward to investing in this market. Rapid growth in the usage of smartphones worldwide is one of the major factor driving the market. The emergence of innovation in the smartphone industry is expected to subsequently bolster the demand for OLED display panels, as OLED display panels offer better quality and standards. Samsung is accounted to be the dominant provider of OLED display panels, because of high adoption in its smartphones and TV sets.
Increasing demand for Green products is fuelling OLED Market
The sustainable utilization of energy is one of the simplest and most cost-effective initiatives that can be taken to minimize costs and increase profitability. Most of the business globally are focusing on implementation of energy efficient practices as their environmental management strategies for attaining minimal risk and potentially high returns. Several major companies such as LG and Samsung are spending extensively on their R&D to offer highly efficient OLED integrated devices. OLED lights are not only mercury free, but also they are permanent, which makes them even more sustainable. These lights are potent to be incorporated into recent constructions, allowing further consideration for designer lightings. The OLED lights if replaced with CFLs in traditionally constructed buildings are capable of saving approximately five to ten trashed light bulbs yearly putting an end to electronic waste. Hence, the increasing adoption of green products would accelerate the OLED market growth.
OLED MARKET SEGMENTATION
- OLED Display
- OLED Lighting
By End-User Industry
- Security & Signage
- Consumer Electronics
- North America : U.S, Canada, Mexico
- Europe: France, Germany, Italy, Spain, U.K Rest of Europe
- Asia Pacific (APAC): Japan, China, India, Australia, Rest of APAC
- Middle East & Africa (MEA): Saudi Arabia, South Africa, UAE, Rest of MEA
- South America (SAM): Brazil, Rest of SAM
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