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Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Organic Light Emitting Diodes (OLEDs) Market size was over USD 67.6 billion in 2024 and is anticipated to cross USD 707.76 billion by 2037, growing at more than 19.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of OLEDs is estimated at USD 78.98 billion.
The growth of the market can be attributed to the advantageous properties of OLED, such as lightweight, flexibility, transparency and color tuning ability. Organic light emitting diodes comprise of a thin film of organic electroluminescent materials which can emit light when stimulated by electricity. Moreover, in OLED display, each pixel can change its state instantly, which makes them an ideal modern light source. Such factors are estimated to boost the market growth. Furthermore, the advancement in technology, along with rising demand for advanced electronic devices, are anticipated to fuel the market growth. For instance, it was observed that over 3.35 million units of OLED TV were shipped globally in 2020, registering a significant growth in demand for OLED displays.
Organic Light Emitting Diodes (OLEDs) Sector: Growth Drivers and Challenges
Growth Drivers
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Improved Video Display with OLED
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Growing Technological Advancement in Electronic Devices
Challenges
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High Cost Associated with Organic LED
Organic Light Emitting Diodes (OLEDs) Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
19.8% |
|
Base Year Market Size (2024) |
USD 67.6 billion |
|
Forecast Year Market Size (2037) |
USD 707.76 billion |
|
Regional Scope |
|
Organic Light Emitting Diodes (OLEDs) Segmentation
The market is segmented by end-user into retail, architecture, automotive, consumer electronics, security, and others, out of which, the consumer electronics segment is anticipated to hold the notable share in the global organic light emitting diodes (OLEDs) market over the forecast period on account of increasing consumer demand for OLED television screens, computer displays, smart phones, digital cameras, and others.
Our in-depth analysis of the global market includes the following segments:
|
By Technology |
|
|
By Application |
|
|
By End User |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Organic Light Emitting Diodes (OLEDs) Industry - Regional Synopsis
APAC Market Statistics
On the basis of geographical analysis, the global OLEDs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is likely to dominate majority revenue share by 2037, impelled by presence of major companies in the region. Moreover, the lower labor and raw material cost, and presence of large consumer base in the highly populated countries, are foreseen to provide massive growth opportunity for the market.
North America Market Analysis
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing investment in advanced electronic devices, along with constant advancement in technology. Moreover, the higher disposable income in the region is anticipated to boost the market growth.
Companies Dominating the Organic Light Emitting Diodes (OLEDs) Landscape
- LG Display Co., Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Samsung Display Co., Ltd.
- Futaba Corporation
- Universal Display Corporation
- RITEK Corporation
- Osram Licht AG
- OLEDWorks LLC
- Innolux Corporation
- Seiko Epson Corporation
- Koninklijke Philips N.V.
Recent Developments
-
December, 2021: LG Display, launched its new OLED TV technology ‘OLED EX’, which boosts the overall picture quality and brightness up to 30% compared to conventional OLED displays.
-
October, 2021: OLEDWorks, to partner up with Audil (Brazil), EnlightenHome (United States), Formpost (Russia), Lumilan (China), and Luxwerk (Germany), to expand product delivery in commercial and residential sectors in these countries.
- Report ID: 3883
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
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OLEDs Market Report Scope
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