PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567155
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567155
The Global OLED Displays Market is estimated to be valued at USD 41.23 Billion in 2024 and is expected to reach USD 104.24 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 41.23 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 14.20% | 2031 Value Projection: | US$ 104.24 Bn |
The OLED displays market is witnessing significant growth globally. OLED or organic light-emitting diode is a light-emitting technology that uses thin films made of organic compounds that emit light when electric current is applied. OLED displays are increasingly replacing LCD displays owing to their superior properties such as high contrast, wide viewing angles, vivid colors, thin size, and flexibility. Advancements in OLED technology have enabled their use across various industries including smartphones, televisions, laptops, signs & lighting, wearables, and others. The future prospects for the OLED display market remain bullish with analysts predicting double-digit growth rates over the next decade on the back of rising demand from diversifying end-use industries.
The global OLED displays market is being driven by factors such as the advent of OLED televisions, increasing demand for large-size & flexible displays, miniaturization of electronic devices, and innovations enabling new form factors. However, high manufacturing costs, limited lifespans, and challenges in mass production are some challenges dampening market growth. Opportunities lie in the adoption of transparent OLED displays in digital signage and development of transparent & wearable displays for augmented reality applications.
This report provides in-depth analysis of the global OLED displays market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include AU Optronics, BOE Technology Group, Canon Inc., LG Display, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Display, Sharp Corporation, Sony Corporation, Sumitomo Chemical Co., Ltd., Tianma Microelectronics, Universal Display Corporation, Visionox Technology Inc., Wistron NeWeb Corporation, and JOLED Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global OLED displays market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global OLED displays market.