Home > Semiconductors & Electronics > Lighting > LED > OLED Market

OLED Market Trends

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

OLED Market Trends

Foldable and flexible OLED displays are revolutionizing the consumer electronics market, particularly in smartphones and wearables. Devices like foldable smartphones (e.g., Samsung Galaxy Fold) use flexible OLED technology to offer users larger screen sizes that can fold into more compact forms. This trend allows manufacturers to create innovative form factors that enhance user experience and portability. Flexible OLED screens are also being incorporated into smartwatches and other wearables, where curved and adaptable displays offer more comfortable and stylish designs. This trend is expected to continue driving growth as more brands adopt foldable designs across product categories.
 

OLED televisions are gaining popularity due to their superior picture quality, characterized by deep blacks, high contrast ratios, and vivid colors. Unlike traditional LED or LCD TVs, OLEDs don't require a backlight, which allows for thinner, more energy-efficient designs with better contrast performance. Premium OLED TVs, especially from brands like LG and Sony, are becoming the preferred choice for home entertainment enthusiasts and high-end consumers. As more manufacturers adopt OLED technology for larger screens, this segment is projected to witness strong growth. Additionally, declining prices and improvements in OLED panel longevity are making these TVs more accessible to a broader audience.

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.

OLED Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 359
  • Countries covered: 21
  • Pages: 200
 Download Free Sample