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.
