USD 56.35 billion
Report ID:
SQMIG45K2024 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
98
|Figures:
76
Global Organic Light Emitting Diode OLED Market size was valued at USD 56.35 billion in 2023 and is poised to grow from USD 67.45 billion in 2024 to USD 284.28 billion by 2032, growing at a CAGR of 19.7% during the forecast period (2025-2032).
In recent years, organic lightening has emerged as a new trend in the lightening industry. With the growing popularity of organic materials, industries are focusing on producing organic products. The modernization of lifestyles and the increased availability of technologically advanced products are driving up demand for OLED lighting panels. Consumers of lighting solutions, such as homes, businesses, and other private infrastructures, are becoming more accustomed to such new innovative lights. OLED lighting panels are light emitting panels that are used for a variety of lighting purposes. OLED demand is expected to rise over the forecast period because it is used to create an attractive and efficient display as well as large format lighting panels. The popularity of OLED lighting panels is growing due to their appealing appearance as thin films that emit light. OLED is an abbreviation for Organic Light Emitting Diodes. OLEDs are made of organic materials that emit light when powered by electricity. The organic materials used in OLED are carbon-based.
US Organic Light Emitting Diode OLED Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 56.35 billion
Largest Segment
OLED Displays
Fastest Growth
OLED Displays
Growth Rate
19.7% CAGR
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Global Organic Light Emitting Diode OLED Market is segmented by Product Type, Technology, End Use and region. Based on Product Type, the market is segmented into Display and Lighting. Based on Technology, the market is segmented into PMOLED (Passive Matrix OLED), AMOLED (Active Matrix OLED), Transparent OLED, Top-Emitting OLED, Foldable OLED and White OLED. Based on End Use, the market is segmented into Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace and Defense, Healthcare and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The global organic light emitting diode market has been divided into two types OLED Displays and OLED Lighting. OLEDs are used to make digital displays for TV screens, computer monitors, and portable devices such as handheld game consoles, mobile phones, and PDAs. As it lacks a backlight, an OLED display can display deep black levels and is lighter and thinner than an LCD. OLED lights are made of a semiconductor material that is layered between two electrodes. OLED is made up of thin layers of green, blue, and red film that emits a softer white light.
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Based on region, global organic light emitting diode market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. North America is expected to have the largest market share in the OLED market due to rising demand for TV display panels, as well as the incorporation of OLED displays in smartphones, digital signage, and automotive industries, all of which contribute to the market's growth. Because many key vendors, such as LG and Samsung, have manufacturing facilities in the region, Asia Pacific is expected to see significant growth in the OLED market. Furthermore, signage display manufacturing, TV manufacturing, and other vendors with regional headquarters—for example, the major manufacturer of OLED displays "Samsung Electronics" with its headquarters in South Korea. Furthermore, China is the OLED manufacturing hub, and it is the fastest-growing consumer goods market, which is expected to drive demand for OLED displays and drive market growth. Whereas Europe, as a leading luxury car manufacturer, is expected to see sustained growth in the OLED market, most luxury car manufacturers install high-quality OLED displays such as HUDs, instrument clusters, and central stack displays. This eventually generates demand for OLED displays and contributes to market growth.
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The global organic light emitting diode market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Organic Light Emitting Diode Market
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According to our global organic light emitting diode market analysis, the use of OLED lights for creating large area lighting panels is rapidly increasing because OLED lights produce better light than LEDs and fluorescent lights, which is one of the primary factors driving the growth of the OLED market. The flexible nature of OLED panels, as well as their eye-catching designs, are expected to increase demand for OLED from corporate and commercial infrastructures, and this is another factor driving the growth of the OLED market. Furthermore, the growing adoption of healthier lighting in developed countries such as the United States, Canada, the United Kingdom, Taiwan, and others is propelling the OLED market forward. Given the aforementioned factors, the OLED lighting panels market is expected to expand significantly over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 56.35 billion |
Market size value in 2032 | USD 284.28 billion |
Growth Rate | 19.7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Organic Light Emitting Diode OLED Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Light Emitting Diode OLED Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Light Emitting Diode OLED Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Light Emitting Diode OLED Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Global Organic Light Emitting Diode OLED Market size was valued at USD 56.35 billion in 2023 and is poised to grow from USD 67.45 billion in 2024 to USD 284.28 billion by 2032, growing at a CAGR of 19.7% during the forecast period (2025-2032).
The global organic light emitting diode market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Emerson Electric Co. (US) ', 'Advantech Co., Ltd. (Taiwan) ', 'Innolux Corporation (Taiwan) ', 'Pepperl+Fuchs SE (Germany) ', 'Planar (US) ', 'AU Optronics Corp. (Taiwan) ', 'LG Display Co., Ltd. (South Korea) ', 'Japan Display Inc. (Japan) ', 'General Digital Corporation (US) ', 'SAMSUNG (South Korea) ', 'Rockwell Automation, Inc. (US) ', 'Panasonic Corporation (Japan) ', 'Sharp NEC Display Solutions, Ltd. (Japan) ', 'Schneider Electric (France) ', 'Sony Corporation (Japan) ', 'Corning Incorporated (US) ', 'DuPont (US) ', 'Kateeva (US) ', 'FlexEnable Limited (UK) ', 'TOSHIBA CORPORATION (Japan)'
LED and OLED display market expansion is required to provide market participants with beneficial development opportunities. OLEDs provide adaptability, simplicity, and a surface light source. LED and OLED products are offered by central members on the lookout and new businesses, which are expected to provide excellent development opportunities for them. Furthermore, the growth of LED lighting items is increasing; however, its overall industry is not as large as the fuel-based lighting framework. This gives LED lighting manufacturers a lot of leeway.
Flexible OLED displays have an unbreakable surface and a plastic overlay window attached, making them lighter and stronger than standard glass. Furthermore, the growing demand for displays that can withstand external pressure and are more difficult to break than glass is expected to drive demand for flexible OLED displays. Furthermore, the increasing need to eliminate distortion and increase device flexibility is driving market revenue growth during the forecast period. Furthermore, the growing demand for ultra-thin, foldable, and transparent displays to provide higher image quality is expected to drive market revenue growth during the forecast period.
Based on region, global organic light emitting diode market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. North America is expected to have the largest market share in the OLED market due to rising demand for TV display panels, as well as the incorporation of OLED displays in smartphones, digital signage, and automotive industries, all of which contribute to the market's growth. Because many key vendors, such as LG and Samsung, have manufacturing facilities in the region, Asia Pacific is expected to see significant growth in the OLED market. Furthermore, signage display manufacturing, TV manufacturing, and other vendors with regional headquarters—for example, the major manufacturer of OLED displays "Samsung Electronics" with its headquarters in South Korea. Furthermore, China is the OLED manufacturing hub, and it is the fastest-growing consumer goods market, which is expected to drive demand for OLED displays and drive market growth. Whereas Europe, as a leading luxury car manufacturer, is expected to see sustained growth in the OLED market, most luxury car manufacturers install high-quality OLED displays such as HUDs, instrument clusters, and central stack displays. This eventually generates demand for OLED displays and contributes to market growth.
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Report ID: SQMIG45K2024
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