Wilmington, Delaware , Nov. 08, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Organic LED Market by Product Type (Display and Lighting), Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, and White OLED) and End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027. The global organic LED market is expected to gain $203,069.9 million by 2027, having witnessed a value of $32,463.5 million in 2019, exhibiting a CAGR of 21.7% from 2020 to 2027. This market report provides an in-depth analysis of leading investment pockets, market size and forecasts, top market segments, market dynamics, competitive analysis, and regional analysis. It is an essential resource for the stakeholders, and prominent market players for strategic planning and enhancing their competitive scenario.
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- 350 – Tables
- 91 – Charts
- 116 – Pages
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Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2020-2027 |
| Base Year | 2019 |
| Market Size in 2019 | $32,463.5 Million |
| Market Size in 2027 | $203,069.9 Million |
| CAGR | 21.7% |
| No. of Pages in Report | 350 |
| Segments Covered | Product Type, Technology, End Use, and Region |
| Drivers | The demand for energy-efficient and cost-effective OLED Lighting |
| The rise in government initiatives to promote the adoption of organic light-emitting diodes (OLEDs) | |
| Growth in display and large screen backlight market | |
| Opportunities | The rise in demand for environmentally friendly lighting solutions |
| The increase in the adoption of smart lighting system | |
| Restraints | High costs |
| Technological limitations |
The global organic LED market is categorized into different segments based on product type, technology, end use, and region. It is offered in both graphical and tabular form, allowing an individual or a commercial organization to gain visibility into the highly profitable and swiftly expanding segments.
In terms of product type, the display segment held the highest market share in 2019, contributing to more than 90% of the global organic LED market revenue, and is projected to rule the roost by 2027. On the other hand, the lighting segment is anticipated to display the fastest CAGR of 28.4% during the forecast timeframe.
In terms of technology, the PMOLED segment held the largest market share in 2019, contributing to nearly one-fourth of the global organic LED industry revenue, and is expected to retain its lion's share during the forecast period. The foldable OLED segment, however, would showcase the fastest CAGR of 27.0% from 2020 to 2027. The top-emitting OLED, AMOLED, white OLED and transparent OLED segments are also discussed in the report.
In terms of end use, the consumer electronics segment held the major market share in 2019, holding nearly one-fourth of the global organic LED market revenue, and is estimated to lead the trail by 2027. The automotive segment, on the other hand, is projected to showcase the fastest CAGR of 29.8% from 2020 to 2027. The retail, industrial, commercial, aerospace & defense, healthcare, and others segment are also examined in the report.
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In terms of region, North America held the highest market share in 2019, garnering nearly two-fifths of the global organic LED market, and is expected to maintain its leadership status throughout the forecast period. On the other hand, the Asia-Pacific region would portray the fastest CAGR of 26.7% from 2020 to 2027. The other provinces studied in the report are LAMEA and Europe.
The report also shows an in-depth analysis of the leading players in the global organic LED market including SAMSUNG ELECTRONICS CO. LTD., KONINKLIJKE PHILIPS N.V., EATON CORPORATION, CREE, GENERAL ELECTRIC, UNIVERSAL DISPLAY CORPORATION, INC., LG INNOTEK CO. LTD., OSRAM (AMS AG), AU OPTRONICS CORPORATION, and PANASONIC CORPORATION.
Key Benefits For Stakeholders:
- As per the organic LED market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the organic LED market analysis from 2022 to 2032 to identify the prevailing organic LED market opportunities.
- The organic LED Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the organic LED market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global organic LED market trends, key players, market segments, application areas, and organic LED Market growth strategies.
Organic LED Key Segments:
By Product Type
- Display
- Lighting
By Technology
- Passive-Matrix OLED (PMOLED)
- Active-Matrix OLED (AMOLED)
- Transparent OLED
- Top-Emitting OLED
- Foldable OLED
- White OLED
By End Use
- Consumer Electronics
- Automotive
- Retail
- Industrial
- Commercial
- Aerospace & Defense
- Healthcare
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
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