Organic Light Emitting Diode (OLED) Market to 2025 by Technology, End-Use Verticals and Geogaphy

Organic Light Emitting Diode (OLED) Market to 2025 - Global Analysis and Forecast by Technology (AMOLED and PMOLED), Application (Display and Lighting), and End-User Industry (Retail, Architecture, Automotive, Consumer Electronics, Security & Signage and Others)

Publication Month : Nov 2016

  • Report Code : TIPTE100000132
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 173
Inquire Before Buy

PRICING

$4550

$2730

The Organic Light Emitting Diode (OLED) market was valued at US$ 12.5 Bn in 2015 and is projected to reach US$ 39.0 Bn in 2025; it is expected to grow at a CAGR of 12.2% from 2015 to 2025.

OLEDs are made up of polymers which emit light when a current is applied. There are various applications in which OLEDs are used such as retail, security, automotive, architecture and others. OLED technology is used in a wide range of consumer electronics including mobile phone displays, Bluetooth headsets, car audio displays, hand held game consoles, MP3 players, digital cameras, and in many other industrial applications. The two major application areas for OLEDs are in Lighting and Display. Presently, the 3 zones with major developmental efforts in flexible OLEDs are East Asia, Europe and North America.

The Organic Light Emitting Diode (OLED) market opportunity is constantly growing and significant capital investments are being made to facilitate competitively priced products in the coming years. The OLED displays available in the market today are still expensive but with the advancement of technology, the prices are expected to decrease. Present advancements to display performance have led to improved product competitiveness and it is anticipated that the demand for smaller displays, particularly smartphones, will grow at an instant rate. Whereas, for the large display market, the demand for flat televisions with OLED displays is expected to grow in the near future.

The OLED market is bifurcated on the basis on Geography into North America, Europe, APAC, SAM and MEA. The production of power saving displays including green technology is driving the growth of OLED market in almost every region. With increased public awareness for eco-friendly products, companies such as, Sony, Apple, Philips and Samsung are improving display efficacy with OLED. Knowing that LCD screens and plasma consume more energy, producers are also making developments with OLED displays that consumes less energy and provide flexibility. The present scenario in the global OLED market shows that APAC is dominating the market followed by North America. Two of the major OLED display manufacturing companies namely LG Display and Samsung Display are majorly concentrated in South Korea, and both the companies are continuously focusing on increasing their production capacity and to manufacture large size OLED panels. Other than the above mentioned companies, most of the OLED display manufacturing companies have their presence in APAC particularly, in Taiwan and China and are investing intensely in the R&D of OLED panels with an aim to enhance productivity by decreasing the cost incurred in the manufacturing process. The growth is expected to increase during the forecasted period with the emergence of new companies investing into OLED manufacturing business and the latest advancements taking place for the development of OLED technology.

Lucrative Regions for Organic Light Emitting Diode (OLED) Market

Lucrative Regions for Organic Light Emitting Diode (OLED) Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights

Increasing adoption of Micro-displays in various verticals

The display technology has become a ubiquitous fragment of our daily lives. A Micro-display is extremely small display measuring less than 25 mm when measured diagonally. These display units have high resolution and high density screens used by magnified display units. Micro displays were introduced approximately two decades ago. Micro displays are implemented in various industry verticals such as industrial, commercial, aerospace, military, automotive, medical and law enforcement and rescue.  Micro displays are majorly used in HMDs and HUDs for military and aerospace. Micro-OLED was the pioneer in offering OLED based micro displays to military and aerospace verticals. These display units enhance the resolution of image and consume less power.

Type-Based Market Insights

Organic Light Emitting Diodes (OLED’s) produce light when altered with electric currents. These devices consist mainly of polymers and other small molecules which are organic in nature, and remarkably promise multiple applications in flat displays replacing of obsolete technology of Cathode Ray Tubes (CRT). Global OLED market has been categorized majorly into two categories; Passive Matrix Organic Light Emitting Diode (PMOLED) and Active Matrix Organic Light Emitting Diode (AMOLED).

Application -Based Market Insights

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.

End-User – Based Market Insights

OLEDs flexibility facilitates manufacturers to create OLEDs using reel-to-reel manufacturing processes, and enables the production of flexible lighting and display products. OLEDs are commercially made on rigid glass substrates. Though, applications such as bent displays or watches with flexible OLEDs have come into the market recently. Further development of production processes and tools and better materials are required for the development of sufficiently flexible and durable OLEDs. The global market for OLEDs are segmented on the basis of end-user verticals into retail lighting, security & signage, automotive, consumer products, architecture and others (Industrial, Food, Medical etc.).

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Organic Light Emitting Diode (OLED) Market: Strategic Insights

organic-light-emitting-diode-oled-market
Market Size Value inUS$ 12.5 Billion in 2015
Market Size Value byUS$ 39.0 Billion by 2025
Growth rateCAGR of 12.2% from 2015 to 2025
Forecast Period2015-2025
Base Year2015
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Product development is the commonly adopted strategy by companies to expand their product portfolio. Osram, OLEDWORKS, LG, Acuity Brands, among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global organic light emitting diode (OLED) market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

  • In 2014, Futaba Corporation announced capital and business alliance with SANKO GOSEI LTD, manufacturer and seller of molding dies and plastic molded products. This will facilitate the company in development of new products and technology, order increase and market exploitation, share facilities and to share practice about management and production.
  • In February 2016, Samsung announced that the company is developing OLED TV panels by investing around US$ 3 Bn for OLED TV production.

Organic Light Emitting Diode (OLED) Market Segmentation:


Organic Light Emitting Diode (OLED) market - By Type

  • Passive Matrix Organic Light Emitting Diode (PMOLED)
  • Active Matrix Organic Light Emitting Diode (AMOLED).

Organic Light Emitting Diode (OLED) market - By Application

  • OLED Displays
  • OLED Lighting

Organic Light Emitting Diode (OLED) market - By End-User

  • Retail Lighting
  • Security & Signage
  • Automotive
  • Consumer Products
  • Architecture
  • Others

Organic Light Emitting Diode (OLED) market - Company Profiles

  • LG Display
  • Samsung Display Co., Ltd
  • Futaba Corporation
  • Universal Display Corporation
  • RITEK Corporation
  • OSRAM GmbH
  • OLEDWorks LLC
  • Innolux Corporation
  • SEIKO EPSON CORPORATION
  • Acuity Brands Lighting Inc.
  • Koninklijke Philips N.V
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology , Application , and End-User Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. FUTABA CORPORATION
  2. Samsung Electronics Co., Ltd.
  3. Universal Display Corporation
  4. Kunshan Visionox Display Technology Co., Ltd
  5. DLC Display Co., Limited
  6. Pioneer Corporation
  7. Sony Corporation
  8. Koninklijke Philips N.V
  9. Acuity Brands Lighting Inc
  10. SEIKO EPSON CORPORATION
  11. Innolux Corporation
  12. OLEDWorks LLC
  13. LG Electronics Inc
  14. OSRAM GmbH
  15. RITEK Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Organic Light Emitting Diode (OLED) Market