Growing Consumer Electronics Application will escalate the OLED Market at a CAGR of 12.2%Published Date: Nov 2016
OLED market has been seeing decent growth rate in coming year in almost all application areas especially in consumer electronics and automotive. The consumer electronics industry is expected to hold the largest market share and dominate the OLED market between 2016 and 2025. The increasing penetration of wearable electronics and smart phone flexible display applications are creating a huge demand for OLED within the consumer electronics segment. The industry shares more than 50% of the global OLED market with multiple applications in wearable, smart phones, Laptops, TV and so on. Also, the global market for OLED is segmented on the basis of end-user verticals into retail lighting, security & signage, automotive, consumer products, architecture and others (Industrial, Food, Medical etc.).
Rising demand of consumer and commercial products such as smartphones, TV, Signage etc. will drive OLED Market in near future. Also, increasing adoption of Micro-displays in various verticals will boost the market during the forecast period. However, high price and low lifespan will hinder the market growth to some extent. Recent launch of transparent OLED would create a niche yet profitable market opportunity for OLED luminaires. Since it is yet not price competitive, the demand for OLED specialty lighting products will show early traction as consumers are willing to pay a premium for cutting edge design and unique and futuristic applications of OLED lighting panels.
Global OLED Market has been segmented by types of OLED displays such as AMOLED and PMOLED, further the market has been classified by applications of OLED namely OLED Displays and OLED Lighting. The market is also estimated across different end user industries which include retail, consumer electronics, security and signage, architecture, automotive, and others. North America, Europe, APAC, Middle East & Africa, and South America are the 5 major geographical regions by which global OLED market has been bifurcated.
There has been constant development in OLED industry, recently, Samsung has introduced a contactless smart card with super thin OLED display. The card shows a rotating image of the holder after the activation of embedded chip on it, enabling proper identification of the holder. Also, a German company, Bundesdruckerei engaged in providing high-security ID products along with Samsung are working on a bendable, slim OLED passport. Besides this, LG has also launched its dual-view flat organic light emitting diode (OLED) display, which the company claims is the first digital signage solution to offer OLED technology commercially available in the U.S. Some of the leading OLED market players are Futaba Corporation, Samsung Electronics Co., Ltd., Universal Display Corporation, Kunshan Visionox and LG Display Co., Ltd, OSRAM Light AG, Philips, Sony Corporation and other global and local players.
The report segments the global OLED market as follows:
Global OLED Market – By Technology
Active Matrix Organic Light Emitting Diode (AMOLED)
Passive Matrix Organic Light Emitting Diode (PMOLED)
Global OLED Market – By Application
Global OLED Market – By End-user Industry
Security and Signage
Global OLED Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SA)
Rest of SA