OLED market is expected to grow US$ 38.96 billion by 2025 from US$ 12.51 billion in 2015. Rising demand of consumer and commercial products such as smartphones, TV, wearable electronics devices, digital signage in market will drive the OLED market during the forecast period. However, high manufacturing cost and short lifespan is obstructing the market growth in near future.
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OLED technology has ushered the new era of transparent, flexible, low energy consuming and large area display and lighting products. Till date, the flexible OLEDs are being utilized in wearable devices and smart phones providing curved designs to enhance its ergonomic features of the application. The fixed curved display facilitates a user with much contented experience when wearing or holding the device.
The global organic light emitting diode market on the basis of application has been segmented into OLED Displays and OLED Lighting. OLEDs are used to produce digital displays in devices such as TV screens, computer monitors, and portable devices such as handheld game consoles, mobile phones, and PDAs. An OLED display is capable of displaying deep black levels and is lighter and thinner in comparison to a LCD, as it does not have a backlight. OLEDs lights are comprised of semiconductor material layered between two electrodes. OLED is a combination of thin layers of green, blue, and red film to release a softer white light.
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Global OLED market has been categorized by technology into; Passive Matrix Organic Light Emitting Diode (PMOLED), and Active Matrix Organic Light Emitting Diode (AMOLED). AMOLEDs can be made used for larger display and have no restriction on size or resolution. AMOLED panels started emerging in 2007 and 2008 and soon captured market application in larger displays such as mobile video players, digital cameras, mobile phones main displays and even OLED TV sets.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the OLED industry
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The report segments the global OLED market as follows:
Global OLED Market – By Technology
Global OLED Market – By Application
Global OLED Market – By End-user Industry
Global OLED Market – By Geography
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