High demand for cost-effective & energy-saving OLED Lighting, surge in government initiatives for OLED adoption, and rise of display and large screen backlight industry drive the growth of the global organic LED market. However, high costs involved and limitations related to implementation of technology hinder the market growth. Contrarily, surge in demand for eco-friendly solutions and adoption of smart lighting system create new opportunities in coming years.
The global organic LED market generated $32.46 billion in 2019, and is estimated to reach $203.06 billion by 2027, growing at a CAGR of 21.7% from 2020 to 2027. The report offers a detailed analysis of changing market trends, market size & estimations, top winning strategies, major segments, and business performance.
Based on product type, the display segment accounted for more than 90% of the total share in 2019, and is expected to maintain its lion’s share based on revenue throughout the forecast period. However, the lighting segment is expected to portray the highest CAGR of 28.4% from 2020 to 2027.
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Based on technology, the PMOLED segment contributed to the highest market share with nearly one-fourth of the total market share in 2019, and is projected to continue its leadership position throughout the forecast period. On the other hand, the foldable OLED segment is estimated to portray the highest CAGR of 27.0% from 2020 to 2027. The research also analyzes segments including AMOLED, transparent OLED, top-emitting OLED, and white OLED.
Based on end use, the consumer electronics segment held the highest market share with nearly one-fourth of the total share in 2019, and is estimated to maintain its highest contribution by 2027. However, the automotive segment is expected to witness the highest CAGR of 29.8% from 2020 to 2027.
Based on region, North America contributed to the largest share in terms of revenue, holding nearly two-fifths of the total market share in 2019, and is projected to maintain its dominance in terms of revenue throughout the forecast period. On the other hand, Asia-Pacific is estimated to register the highest CAGR of 26.7% from 2020 to 2027.
Key market players analyzed in the research include LG Electronics, OSRAM, Philips, Panasonic Corporation, Samsung Electronics, CREE, AU Optronics, Eaton, GE Lighting, and Universal Display Corporation.
Whether you want to buy a new TV or just want to learn about the modern technologies used in TVs, you will get the relevant answers to your questions regarding this topic.
Let’s get started.The display technology is the main concern while buying a TV as it makes a lot of difference in what quality of picture you will get.The main highlights OLEDUtilizes light-emitting diodes via organic layersEvery pixel can laminate independently4K resolutionPretty costly when compared with the same size TVs that use other technologyColor contrast is pretty highLEDUtilizes only light-emitting diodesAffordableCan support up to 4K, but can be fewerMight be an LCD TVMostly doesn’t support HDROLED vs. LCD an overviewAs you read that both displays utilize light-emitting diodes, still there are some significant differences.
Moreover, OLED can independently manipulate its every pixel that results in better quality.
The OLED displays are pretty good in portraying dark and light scenes in a video or image.
Whereas you can still get excellent picture quality in 4K LED possibly on the par with OLED, some LED TVs are not truly LED.
Instead, some companies sell LCD TVs that have LED backlights by telling customers that they are buying an LED screen.
As per the research by Market Research Future Reports (MRFR), the global foldable display market is estimated to thrive at a CAGR of 62%, valuing USD 1,549.4 million during the review period.
The increasing demand for smartphones is the most significant factor driving the global foldable display market 2020.
The incorporation of flexible displays in smartwatches is projected to be an important factor in driving the market growth.The continuous development in technologies is a crucial factor leading to market expansion.
We will provide COVID-19 impact analysis with the report.Key Players The forefront players of the global foldable display market are LG Display Co., Ltd (South Korea), Samsung Electronics Co., Ltd (South Korea), BOE Technology Group Co. (China), Royole Corporation (China), Applied Materials, Inc. (US), Visionox Technology Inc. (US), Semiconductor Energy Laboratory Co., Ltd (Japan), C3Nano, Inc. (the US), Tianma Microelectronics Co., Ltd (China), Altenergy Power System, Inc. (the US).
Apart from these players, Apple Inc. (US), M Company (US), AGC Inc. (Japan), Ares Materials, Inc. (US), DuPont (US), Huawei Technologies Co. Ltd (China), FUJIFILM Holdings Corporation (Japan), and a few more are the players that contribute 35-40% in the foldable display market.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7675 Market Segmentation The global foldable display market can be segregated on the basis of application, type, and region.Based on application, the worldwide foldable display market can be classified into Based on type, the worldwide foldable display market can be classified into OLED, LED, and AMOLED.Based on the region, the worldwide foldable display market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World.Regional Analysis The regional study of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been conducted.
The region consists of established players such as Samsung Electronics and LG Displays.
