Global Organic Light Emitting Diode (OLED) Market Report, published
by Variant Market Research, forecast that the global market is expected to
reach $28 billion by 2024 from $4 billion in 2016, growing at a CAGR of 28.2%
from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow
at a CAGR of 33.8% and 27.1%, respectively, during the forecast period.
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Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/organic-light-emitting-diode-oled-market
The factors that have
propelled the growth of the OLED market are increased demand for OLED
technology in automobile sector and growing popularity of eco-friendly and
efficient products. Furthermore, development of advanced technologies for the
automobile industry could provide several growth opportunities in the forecast
period.
The global OLED market
is segmented into materials, technology, and application. Electrode materials,
hole transport layer materials (HTL), emissive layer materials (EML), electron
transport layer materials (ETL), and substrates are the various sub-segments of
OLED by materials. The segmentations by technology include PMOLED and AMOLED.
The application segment is further categorized into displays and lighting.
Displays dominated the application segment with the largest market share in
2016. AMOLED was the maximum revenue generating segment by technology.
Substrates accounted for the largest market share in the overall OLED market by
materials.
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Geographically, the
market is categorized into North America, Europe, Asia-Pacific and Rest of the
world. Asia-Pacific accounted for the largest market share of 42.9% in 2016; due
to the presence of prominent vendors such as Philips N.V. and Samsung
Electronics. Emergence of various Chinese vendors has also resulted in the
growth of Asia-Pacific OLED Market. Europe was the second largest market with a
total market share of 23.4% in 2016. In terms of growth, Asia-Pacific is
expected to attain the fastest CAGR of 33.8% during the forecast period from
2016 to 2024.
The key players in the
market include Panasonic Corporation, LG Electronics Inc., Toshiba, Philips
N.V., Samsung Electronics Co. Ltd., Universal Display Corporation, Konika
Minolta, Osram, Pioneer, OSRAM GmbH, and Ason, Lumiotec, among others.
For more information, Contact:
VARIANT MARKET
RESEARCH LLP
India Office
(Corporate Headquarter):
Office No. FL
No.7, Prakash Developers,
Survey no 34/A5,
Wadgaon Sheri,
Nagar Road, Pune
– 411014
Tel: +91 20
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649 Mission St.,
5th Floor, San
Francisco,
CA 94105, United
States.
Tel:
+1-415-680-2785
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