Global Organic Light Emitting Diode (OLED) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Semiconductor & Electronics Date : February 21st, 2019
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The global organic light emitting diode market is anticipated to reach USD 39.85 billion by 2024. The market is likely to grow at a CAGR of 12.05% during the forecast period. Factors attributing to the market growth include; growing demand for energy efficient lighting products, rising adoption of electronic devices and gadgets, and increasing application of OLED in many end-use industries. Furthermore, the increasing demand for slimmer and lighter bodies of smart phones and smart watches with various designs is further augmenting the growth of the market. The years used for the assessment are as follows:

  • Historical year : 2014, 2015 and 2016
  • Base year : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total OLED market  and it various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global OLED market.
  •  Finalizing the overall size and share for the global organic light emitting diode market

OBJECTIVES:

  • To classify the global OLED market into segments on the basis of technology, application, end-use, and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the global organic light emitting diode market
  • Profiling key companies operating in the global OLED market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global organic light emitting diode market is as follows:

  • By Technology
    • Passive Matrix OLED (PMOLED)
    • Active Matrix OLED (AMOLED)
  • By Application
    • Smart phones & Tablets
    • Television, Laptop, and PC Display
    • Cameras
    • Residential and Commercial Lighting
    • Others
  • By End-use
    • Consumer Electronics
    • Healthcare
    • Automobile
    • Defense
    • Others
  • By Region:
    • North America
    • Europe
    • Asia-Pacific (APAC)
    • Rest of the World (RoW)

The global organic light emitting diode market is anticipated to reach USD 39.85 billion by 2024. The market is likely to grow at a CAGR of 12.05% during the forecast period. Factors attributing to the market growth include; growing demand for energy efficient lighting products, rising adoption of electronic devices and gadgets, technological advancements, and increasing application of OLED in many end-use industries. Furthermore, the increasing demand for slimmer and lighter bodies of smart phones and smart watches with various designs is further augmenting the growth of the market. Although, there has been a rise in OLED based consumer goods, yet the relatively high cost associated with OLED may hamper the market growth.

OLED offers an environment friendly technology that enables energy savings upto maximum level. The transition to efficient lighting sources will significantly aim in energy reduction. In addition, OLEDs can operate without a backlight, as they emit visible light, making OLED display thinner and lighter in contrast to the liquid crystal display (LCD). The advancement in OLED technology is further driven by  global investment in process technology, material science, and infrastructure.  In addition, growing R&D activities is creating long-term jobs, owing to the high degree of technical expertise and required specialization.

Geographically, the global organic light emitting diode market is bifurcated in North America, Asia-Pacific, Europe, and Rest of the World. Asia-Pacific (APAC) held the largest market share in 2017, due to the presence of major key players in the region, increasing capital investments, increasing adoption of advanced technology, and rapidly growing economies among others. The region is further anticipated to grow at a significant CAGR over the forecast period. Also, surging demand for cell phones is further propelling the demand for OLED in the region.

Major players operating in the global organic light emitting diode (OLED) market include Universal Display; LG Electronics; SAMSUNG SDI Co., Ltd.; AU Optronics Corp.; Samsung Electronics Co., Ltd.; OLEDWorks; Acuity Brands; LG Display Co., Ltd.; Novaled GmbH; OSRAM GmbH; and DLC Display Co., Limited among others.Organic Light Emitting Diode Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Organic Light Emitting Diode (OLED)- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global OLED market

3.4. Market opportunities & trends

        3.4.1. Significant growth opportunities in developing economies

3.5. Market dynamics

3.5.1. Market driver analysis

   3.5.1.1. Growing demand for energy efficient lighting products

   3.5.1.2. Rising adoption of electronic devices and gadgets

   3.5.1.3. Increasing application of OLED in many end-use industries

       3.5.2. Market restraint analysis

                  3.5.2.1. High associated cost

       3.5.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analyses

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Organic Light Emitting Diode Market Size and Forecast (2014 – 2024)

5.1. Global OLED Market, By Technology (USD Billion)

5.1.1. Passive Matrix OLED (PMOLED)

5.1.2. Active Matrix OLED (AMOLED)

5.2. Global OLED Market, By Application (USD Billion)

5.2.1. Smart phones & Tablets

5.2.2. Television, Laptop, and PC Display

5.2.3. Cameras

5.2.4. Residential and Commercial Lighting

5.2.5. Others

5.3. Global OLED Market, By End-Use (USD Billion)

5.3.1. Consumer Electronics

5.3.2. Healthcare

5.3.3. Automobile

5.3.4. Defense

5.3.5. Others

CHAPTER 6. Global Organic Light Emitting Diode Market Size and Forecast, By Geography (2014-2024)

6.1. North America Organic Light Emitting Diode (OLED) Market

6.1.1. North America OLED Market, By Technology (USD Billion)

6.1.2. North America OLED Market, By Application (USD Billion)

6.1.3. North America OLED Market, By End-Use (USD Billion)

6.1.4. North America OLED Market, By Country (USD Billion)

  6.1.4.1. U.S.

  6.1.4.2. Canada

  6.1.4.3. Mexico

6.2. Europe Organic Light Emitting Diode (OLED) Market

6.2.1. Europe OLED Market, By Technology (USD Billion)

6.2.2. Europe OLED Market, By Application (USD Billion)

6.2.3. Europe OLED Market, By End-Use (USD Billion)

6.2.4. Europe OLED Market, By Country (USD Billion)

  6.2.4.1. UK

  6.2.4.2. Germany

  6.2.4.3. France

  6.2.4.4. Spain

  6.2.4.5. Rest of Europe

6.3. Asia-Pacific Organic Light Emitting Diode (OLED) Market

6.3.1. Asia-Pacific OLED Market, By Technology (USD Billion)

6.3.2. Asia-Pacific OLED Market, By Application (USD Billion)

6.3.3. Asia-Pacific OLED Market, By End-Use (USD Billion)

6.3.4. Asia-Pacific OLED Market, By Country (USD Billion)

  6.3.4.1. China

  6.3.4.2. Japan

  6.3.4.3. India

  6.3.4.4. South Korea

  6.3.4.5. Rest of Asia-Pacific

6.4. Rest of the WORLD (RoW) Organic Light Emitting Diode (OLED) Market

6.4.1. Rest of the World OLED Market, By Technology (USD Billion)

6.4.2. Rest of the World OLED Market, By Application (USD Billion)

6.4.3. Rest of the World OLED Market, By End-Use (USD Billion)

6.4.4. Rest of the World OLED Market, By Region (USD Billion)

  6.4.4.1. South America

  6.4.4.2. Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Universal Display

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. LG Electronics

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. SAMSUNG SDI Co., Ltd.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. AU Optronics Corp.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Samsung Electronics Co., Ltd.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Novaled GmbH

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. OSRAM GmbH

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. OLEDWorks

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Acuity Brands

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. LG Display Co., Ltd.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. DLC Display Co., Limited

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

Global Organic Light Emitting Diode Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024