OLED Panel Market Size, Changing Dynamics and Future Growth Trend 2025-2031

According to latest estimates, the Global OLED Panel market is expected to see a growth rate of 16% and may reach the market size of USD174 Billion by 2031, currently positioned at USD52.2 Billion. 

Organic light-emitting diodes or OLEDs, are created by sandwiching a number of organic thin films in between two conductors. Applying electrical current causes a brilliant light to be released. OLED displays are more efficient and thinner than LCD displays since they are emissive displays rather than requiring a white backlight. The term Organic Light-Emitting Diode, or OLED, refers to a technology that uses LEDs and produces light through the usage of organic molecules. The world’s top display panels are made possible by the usage of these organic LEDs. By surrounded by a number of organic thin films in between two conductors, OLED displays are created. An intense light is released upon application of an electrical current. a straightforward design that has numerous benefits over alternative display technologies.

The companies of OLED Panel are emphasizing research and development and new product development in order to maintain their competitive advantage in the Global OLED Panel market during the forecast period. In order to meet the increasing demand for OLED Panel, companies all over the world are looking for OLED Panel in order to expand their product portfolio and increase their sales strategies. Corning Incorporated (United States), Sony Corporation (Japan), SONY (Japan), TOSHIBA CORPORATION (Japan), Visionox Company (United States), Emerson Electric Co. (United States), FlexEnable Limited (United Kingdom), General Digital Corporation (United States), Innolux Corporation (Taiwan), Japan Display Inc. (Japan), Rockwell Automation, Inc. (United States), SAMSUNG (South Korea), Kateeva. (United States), LG Display Co., Ltd. (South Korea), OSRAM GmbH. (Germany), Panasonic Corporation (Japan), Pepperl+Fuchs SE (Germany), Planar (United States), RAYSTAR OPTRONICS, INC (Taiwan) are some of the key players profiled in the study.

Based on geography, the market of OLED Panel has been segmented into Global (North America, South America, Europe, Asia Pacific, MEA). Asia-Pacific, North America, Europe region held the largest market share in the year 2024. Additionally, the rising demand from SMEs and various industry verticals may give a cushion to market growth.

The market for OLED panels is significantly driven by the rising popularity of OLED TVs and the growing need for smartphones with high-quality displays. OLED panels outperform previous display technologies with their deep black depths, high contrast ratios, and great color reproduction. OLEDs are perfect for portable devices because of their extreme thinness and light weight. OLEDs are lighter and thinner than LCDs without compromising battery life or performance because they employ fewer layers. When it comes to color accuracy at different angles in front of the customer, OLEDs behave more like CRT monitors due to their superior viewing angles and contrast ratios. The success of OLED technology in smartphones, wearables, and other portable devices can be attributed to the thin and flexible nature of OLED screens, which enable creative and slim gadget designs.

Factors Impacting the Growth: High cost associated with OLED Panel. OLED displays may cost more overall due to the complicated and expensive production process of OLED panels. Compared to LCDs, AMOLEDs cost more money. Though new developments are starting to close the gap, OLED panels used to have a much shorter lifespan than conventional TFT LCD panels. This is because, compared to their inorganic equivalents, the particular organic elements utilized in each pixel are less stable over time and in the presence of humidity, which limits the market for OLED panels. Elevated temperatures shorten the life of OLEDs. If an OLED application must operate continuously at a high temperature—50, 60, or 80°C—a specialized solution might be required. This could have an impact on the market for OLED panels. The widespread use of OLED panels is hampered by competition from alternative display technologies like LCD (Liquid Crystal Display) and OLED.

Opportunities: The market for OLED panels may grow as a result of these developments, which could eventually result in extremely flexible OLED panels for lighting and display applications. This would guarantee that any surface, whether it be curved or flat, could support a light source. OLED technology a new era of large-area, transparent, flexible, and low-energy display and lighting products. OLEDs are primarily produced on rigid glass substrates for commercial purposes, but recently, first applications like watches or bent displays using flexible OLEDs have entered the market. OLEDs are a relatively new display technology, and its progress is still very rapid. Many flexible OLED panels are already in use today, but next-generation displays are under development and promise innovations like foldable devices, followed by rollable and stretchable displays.

In May 2023, Universal Display Corporation Acquires Merck KGaA, Darmstadt, Germany’s Phosphorescent OLED Emitter Intellectual Property Assets and Enters into Multi-Year Collaboration Agreement In May 2023, Japan Display Inc. Acquisition of JOLED OLED Business In May 2023, Samsung Display acquires US-based OLED microdisplay firm eMagin

In Sep. 2023, LG Display Expands IT Industry Presence with Mass-Production of 17-inch Foldable OLED Panel for Laptops In March 2023, Samsung Display Launches ‘OLED Finder’ Website Identifying Samsung OLED-equipped Products In Aug 2023, LG launches two UltraGear OLED monitors for a smoother gaming experience