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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Organic LED Market Outlook
The global organic LED market attained USD 55.93 billion in 2023. The global organic LED market is expected to grow in the forecast period of 2024-2032 at a CAGR of 23.2% to attain USD 367.22 billion by 2032.
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The growing demand for environmentally friendly goods can be a significant opportunity for this industry to expand. The Asia Pacific is leading the organic LED industry, accounting for the majority of the market revenue share.
Market Segmentation
Organic LED is a flat light emitting technology established by placing thin organic films between two conductors, also known as an organic light-emitting diode.
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The organic LED market can be broadly categorised based on types, products, technology, applications, and sectors:
Based on types, the industry can be divided into:
- Flexible OLED
- Rigid OLED
Based on products, the organic LED market can be divided into:
- Display
- Lighting
On the basis of technology, the industry can be segmented into:
- Passive Matrix OLED (PMOLED)
- Active Matrix OLED (AMOLED)
- Transparent OLED
- Top-Emitting OLED
- Foldable OLED
- White OLED
Based on application, the industry can be divided into:
- Television and Monitors
- Smartphones
- Laptops and Tablets
- Automotive
- Others
Based on the sector, the industry can be divided into:
- Commercial
- Residential
- Industrial
The EMR report looks into the regional markets of organic LED like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Favourable properties of the product like high productivity, low power utilisation, enhanced image quality, durability, and lightweight are the major factors affecting the organic LED market positively. The Asia-Pacific is leading the organic LED market globally, followed by North America and Europe.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global organic LED market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Au Optronics Corp. (TPE: 2409)
- Cambridge Display Technology Limited.
- Universal Display Corporation (NASDAQ: OLED)
- LG Electronics Inc. (KRX: 066570)
- Samsung Electronics Co., Ltd. (KRX: 005930)
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Sector |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global organic LED market reached a value of USD 55.93 billion in 2023.
The market is projected to grow at a CAGR of nearly 23.2% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 367.22 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and the product’s high productivity, low power utilisation, enhanced image quality, durability, and lightweight.
The rising demand for environmentally friendly goods is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major types of organic LED are flexible OLED and rigid OLED.
The leading products in the market are display and lighting.
The significant technologies of organic LED in the market are passive matrix OLED, active matrix OLED, transparent OLED, top-emitting OLED, foldable OLED, and white OLED.
The major application segments in the market are television and monitors, smartphones, laptops and tablets, and automotive, among others.
The leading sectors in the market are commercial, residential, and industrial.
The leading players in the market are Au Optronics Corp. (TPE: 2409), Cambridge Display Technology Limited, Universal Display Corporation (NASDAQ: OLED), LG Electronics Inc. (KRX: 066570), and Samsung Electronics Co., Ltd. (KRX: 005930), among others.
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