OLED market worth $43.92 Billion by 2020

Posted March 15, 2017 by Rajesh

OLEDs which are made from carbon containing materials have the potential to revolutionize the future of display and lighting technologies.

OLEDs which are made from carbon containing materials have the potential to revolutionize the future of display and lighting technologies. Organic LEDs have diverse applications in various sectors including healthcare, consumer electronics, automotive, clothing, medical devices, lighting, and transport industries, among others. The AMOLED technology is used in television displays as they are brighter, thinner, and sharper. LG Corporation (South Korea) aims to mass produce AMOLED TVs in 2015.

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The automotive industry is expected to adopt OLED displays and lighting in cars for dashboard displays, internal lighting, digital rear-view internal mirrors, and heads-up displays among others.

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Factors that are driving the OLED market in display and lighting industries include the adoption of OLED displays in smartphones by major mobile manufacturers, the government support for OLED lighting in various countries, and several initiatives from leading Asian companies for the development of the AMOLED technology. However, major restraints for the growth of the market are the presence of complementary technologies such as LED and quantum dot, and low market acceptance for OLED lighting fixtures due to high costs, low efficacy, and short shelf life. The increasing usage of OLEDs in a wide range of applications is expected to create a lot of opportunities for the growth of the said market.

This report profiles all major companies involved in the OLED market such as Acuity Brands Lighting, Inc. (U.S.), AU Optronics Corporation (Taiwan), the BOE Technology Group Co., Ltd. (Taiwan), InnoLux Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), LG Display Co., Ltd. (South Korea), OSRAM Licht AG (Germany), Pioneer Corporation (Japan), RITEK Corporation (Taiwan), and Samsung Electronics Co., Ltd. (South Korea).

Scope of the report:

This report categorizes the global market for OLED on the basis of application and geography.

Market segmentation by application:

The OLED market, based on application, has been segmented into two types, namely, display and lighting.

Market segmentation by display application:

The display application of the OLED market includes type, panel-size, and product. The display application based on the type is categorized into PMOLED and AMOLED; based on the panel-size it is segmented into small, medium, and large-sized OLED panels; and based on products it is further segmented into smartphones, televisions, notebooks and tablets, wearables, automotive, and others.

Market segmentation by lighting application:

The lighting applications of the OLED market have been categorized into type and end-user. The lighting application type is segmented into traditional and flexible, whereas end-user is categorized into architectural, commercial, industrial, automotive, and others.

Market segmentation by geography:

The geographic analysis covers the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report provides an in-depth insight into regional markets.
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Issued By Mr. Rohan
Website OLED market worth $43.92 Billion by 2020
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Country India
Categories Technology
Tags OLED Market
Last Updated March 15, 2017