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OLED Market Size

Report ID: GMI12386
Published Date: Nov 2024
Report Format: PDF

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OLED Market Size

The global OLED market was valued at USD 50.8 billion in 2023 and is anticipated to grow at a CAGR of 13.7% between 2024 and 2032.

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The integration of advanced technologies like artificial intelligence and OLED displays. AI enhances picture quality, sound, and personalization, offering a more immersive and tailored user experience. This aligns with consumer demand for innovative, high-performance home entertainment systems. As AI and OLED technology converge, manufacturers can differentiate their products, driving OLED industry growth and increasing adoption across various consumer segments.

OLED Market Report Attributes
Report Attribute	Details
Base Year:	2023
OLED Market Size in 2023:	USD 50.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	13.7%
2032 Value Projection:	USD 157.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	200
Tables, Charts & Figures:	359
Segments covered:	Product type, technology, end-use industry
Growth Drivers:	Increasing demand for high-quality smartphone displays Technological advancements and AI integration in OLED displays Flexible and foldable display innovation surge Growing automotive display and lighting applications Energy-efficient and thinner OLED lighting solutions
Pitfalls & Challenges:	Challenges in large-scale OLED lighting adoption Burn-in issues in OLED displays

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For instance, in May 2024, LG Electronics introduced its latest lineup of AI-powered televisions featuring OLED and QNED technology, ranging from 43-inches to 97-inches. These TVs boast advanced AI features for improved picture quality and sound, gaming innovations, personalized user experiences, and enhanced accessibility and connectivity options, catering to a wide range of consumers. Thus, the market continues to evolve with ongoing technological advancements and AI integration, shaping the future of display technology.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for OLED was valued at approximately USD 50.8 billion in 2023 and is expected to reach around USD 157.9 billion by 2032, driven by a CAGR of 13.7% from 2024 to 2032.

The AMOLED segment is projected to reach a value of USD 60 billion by 2032, driven by its superior contrast, deeper blacks, and vibrant colors.

The North America market accounted for a share of 32.3% of the global market in 2023, driven by its robust ecosystem of innovative companies, research institutions, and advanced manufacturing capabilities.

Major players in the industry include AU Optronics (AUO), BOE Technology Group, CSOT (China Star Optoelectronics Technology), Japan Display Inc. (JDI), LG Display, Samsung Display, and Visionox.