HOME Top Market Reports OLED Market by Display Application (Smartphone, TV, Automotive, NTE), Panel Type (Rigid, Flexible), Technology, Size, Material (FMM RGB, WOLED), Lighting Application (General, Automotive), Panel Type, & Vertical, and Geography - Global Forecast to 2023

OLED Market by Display Application (Smartphone, TV, Automotive, NTE), Panel Type (Rigid, Flexible), Technology, Size, Material (FMM RGB, WOLED), Lighting Application (General, Automotive), Panel Type, & Vertical, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: SE 3346

 

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The global OLED market was valued at USD 16.58 billion in 2016 and is expected to grow at a CAGR of 15.2% between 2017 and 2023. The key factors driving the growth of the market include the rapid adoption of OLED displays in smartphones and the growing investments in technology and manufacturing facilities. The base year considered is 2016, and the forecast period for the market has been considered between 2017 and 2023.    

Market Dynamics

OLED Market

Growing investments in OLED technology and manufacturing facilities

OLED is a new and exciting technology providing thin, efficient, and bright displays and lighting solutions. Many industry experts believe OLEDs are set to replace existing technologies in display and lighting space. In a view of this, many companies started investing heavily in R&D of OLED. There are several players involved in the value chain of the market; these include companies researching on OLEDs and acquire important patents relating to OLED materials; chemical companies involved in the OLED material production; panel manufacturers, and customers that use OLEDs in their products such as smartphones, TVs, and other consumer electronic products.

For instance, in February 2015, LG Display announced its plan to invest USD 915 million for the OLED TV production capacity expansion. This expansion enabled LG Display to produce 0.6 and 1.5 million OLED panels for TV in 2015 and 2016, respectively.

Companies such as BOE Technology (China), Tianma Microelectronics (China), Truly Semiconductors (China), AU Optronics (Taiwan), EverDisplay Optronics (China), GoVisionox Optoelectronics (China), and JOLED (Japan) have already announced the OLED production capabilities with partial production in 2016 and mass production by 2018.

Objective Of The Study

  • To define, describe, and forecast the organic light emitting diodes (OLED) market, in terms of value, segmented on the basis of OLED display and OLED lighting
  • To define, describe, and forecast the OLED display market, in terms of value, segmented on the basis of application, technology, panel type, and panel size
  • To define, describe, and forecast the AMOLED display market segmented on the basis of material
  • To define, describe, and forecast the OLED display market, in terms of volume, segmented on the basis of application
  • To define, describe, and forecast the OLED lighting market segmented on the basis of application, panel type, and vertical
  • To define, describe, and forecast the OLED market for displays and lightings, in terms of value, with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To identify and analyze major factors influencing the growth of the OLED market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze key trends related to the OLED display market and the OLED lighting market that shape and influence the overall OLED market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
  • To analyze strategic developments such as mergers and acquisitions, expansions, product launches and developments, and R&Ds, among others, in the overall OLED market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders

Research Methodology

The research methodology includes the use of primary and secondary data. Both top-down and bottom-up approaches have been used to estimate and validate the size of the market, as well as the other dependent submarkets. Key players in the market have been identified through secondary research. Secondary sources include references such as annual reports, company press releases, Factiva, and investor presentations of companies; white papers, consumer electronics exhibitions, certified publications; websites; directories; and databases. All the percentage shares and breakdowns have been determined by using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The breakdown of the profiles of the primaries has been depicted in the figure below.

OLED Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights regarding the ecosystem of OLED market, such as research & development, material development, display and lightning panel manufacturing, device assembly and testing, distribution, marketing & post-sales service. Key players operating in the market include Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics Corp. (Taiwan), JOLED (Japan), and Universal Display Corp. (US). Other major players in the market are Foxconn (Sharp Corp. & Innolux Corp.), Pioneer Corporation (Japan), BOE Technology (China), Royole Corporation (US), Everdisplay Optronics (China), Acuity Brands (US), OSRAM (Germany), Kaneka Corporation (Japan), and OLEDWorks (US).

Target Audience

  • Display and lighting panel manufacturers
  • Material suppliers
  • Glass substrate manufacturers
  • Display manufacturing equipment suppliers
  • Electronics and semiconductor companies
  • Original brand manufacturers
  • Companies in solid state lighting (SSL), photonics, and optoelectronics markets
  • Research laboratories and IP companies
  • Systems integration specialists
  • Research institutes and organizations
  • Market research and consulting firms
  • Research Scope

The market covered in this report has been segmented as follows:

OLED Display Market, by Application:

  • Smartphone
  • Tablet
  • Laptop & PC Monitor
  • Television
  • Signage/Large Format Display
  • Vehicle & Public Transport
  • Smartwatch
  • Near-To-Eye (NTE) Device
  • Others

OLED Display Market, by Display Panel Type:

  • Rigid
  • Flexible
  • Others

OLED Display Market, by Display Panel Size:

  • Upto 6 Inches
  • 6–20 Inches
  • 20–50 Inches
  • More than 50 Inches

OLED Display Market, by Display Technology:

  • AMOLED
  • PMOLED

AMOLED Display Market, by Material

  • FMM RGB
  • WOLED

OLED Lighting Market, by Application

  • General Lighting
  • Automotive Lighting

OLED Lighting Market, by Panel Type

  • Rigid
  • Flexible

OLED Lighting Market, by Vertical:

  • Commercial
  • Automotive
  • Sports & Entertainment
  • Residential
  • Industrial

OLED Market, by Region:

  • Asia Pacific (APAC)
    • South Korea
    • China
    • Japan
    • Taiwan
    • India
    • Rest of APAC
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Finland
    • Rest of Europe
  • RoW
    • Middle East
    • Africa
    • South America

Key Questions

  • How much growth is expected in OLED market from smart wearables, and why OLED is essential for AR/VR growth?
  • Which are the top use cases/applications/industries of OLEDs to invest in, and what are the untapped opportunities?
  • Who are the major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
  • How the demand for OLED displays will shape in the next 5 years for newer and emerging applications?
  • Where will the current developments take the OLED supply chain in the mid to long term?

Available Customizations

With the given market data, MarketsandMarkets offers the following customization options available for the report.

Competitive Landscape

  • Detailed analysis and profiling of additional market players
  • Revenue impact of OLED growth on Samsung and LG Display
  • Detailed analysis and profiling of key input suppliers (material suppliers and manufacturing equipment suppliers) in OLED supply chain

Industry-Specific Data

  • Impact of OLED growth on LCD display panel market and unknown impact on LCD component/material suppliers
  • Opportunities offered by automotive and AR/VR in OLED market
  • Detailed analysis of specific industry and respective use cases or applications for OLED
  • Government regulations, compliances across industries, and major initiatives across different geographies in lighting space

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities for the Growth of the Overall OLED Market
    4.2 OLED Display Market, By Application
    4.3 OLED Display Market, By Panel Type
    4.4 Market for Flexible OLED Display Panels, By Application
    4.5 OLED Display Market for Smartphones, By Panel Type
    4.6 OLED Display Market for Smartwatches, By Panel Type
    4.7 OLED Display Market, By Panel Size
    4.8 OLED Display Market, By Geography
    4.9 OLED Display Market in APAC, By Application and Country
    4.10 OLED Lighting Market, By Application
    4.11 OLED Lighting Market, By Panel Type
    4.12 OLED Lighting Market, By Vertical
    4.13 OLED Lighting Market, By Geography

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapid Adoption of OLED Displays in Smartphones
                    5.2.1.2 Growing Investments in OLED Technology and Manufacturing Facilities
                    5.2.1.3 Positive User Experience of OLED Devices
                    5.2.1.4 OLED Technological Advancements and Features Offered By the Technology
                    5.2.1.5 Government Support for OLED Lighting Research
           5.2.2 Restraints
                    5.2.2.1 High Growth of Micro-Led and Direct-View Led Display Technology
                    5.2.2.2 Low Market Acceptance of OLED Lighting Fixtures Compared With Led Fixtures
           5.2.3 Opportunities
                    5.2.3.1 Increasing Number of Applications and Adoption in Ar/Vr Headsets
                    5.2.3.2 Increasing Potential for OLED Tvs
           5.2.4 Challenges
                    5.2.4.1 Complex Value Chain
                    5.2.4.2 Requirement of Huge Investment and Related Manufacturing Complexity

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Value Chain Analysis: OLED Display
                    6.2.1.1 R&D
                    6.2.1.2 Manufacturing
                    6.2.1.3 Assembly, Packaging, and Integration
                    6.2.1.4 Material and Equipment Suppliers
           6.2.2 Value Chain Analysis: OLED Lighting
    6.3 Key Industry Trends
           6.3.1 Leading OLED Display Panel Suppliers – Current and Future Scenarios
           6.3.2 Samsung and LG: OLED Capacity and Technology Difference
           6.3.3 OLED Production Capacity Share, By Player
           6.3.4 OLED Production Capacity Share, By Country
           6.3.5 Flexible OLED Ip Portfolio
           6.3.6 Manufacturing Cost Comparison: Rigid vs Flexible OLED Panels
           6.3.7 Impact of OLED on Existing Suppliers in Display Value Chain
                    6.3.7.1 Positive Impact
                    6.3.7.2 Negative Impact

7 OLED Display Market, By Application (Page No. - 61)
    7.1 Introduction
    7.2 Smartphone
    7.3 Television
    7.4 Tablet
    7.5 Smartwatch
    7.6 Near-To-Eye (NTE) Device (Ar, Vr, Digital Camera)
    7.7 Vehicle & Public Transport
    7.8 Laptop & Pc Monitor
    7.9 Signage/Large Format Display
    7.10 Others

8 OLED Display Market, By Display Panel Type (Page No. - 78)
    8.1 Introduction
    8.2 Rigid Display Panel
    8.3 Flexible Display Panel
    8.4 Others

9 OLED Display Market, By Technology (Page No. - 84)
    9.1 Introduction
    9.2 PMOLED
    9.3 AMOLED

10 AMOLED Display Market, By Material (Page No. - 88)
     10.1 Introduction
     10.2 FMM RGB
     10.3 WOLED
     10.4 AMOLED Material Suppliers
             10.4.1 AMOLED Materials: Consumption Rate of WOLED vs FMM RGB

11 OLED Display Market, By Display Panel Size (Page No. - 94)
     11.1 Introduction
     11.2 Upto 6 Inches
     11.3 6–20 Inches
     11.4 20–50 Inches
     11.5 More Than 50 Inches

12 OLED Lighting Market, By Application and Panel Type (Page No. - 100)
     12.1 OLED Lighting Market, By Application
             12.1.1 Introduction
             12.1.2 General Lighting
             12.1.3 Automotive Lighting
     12.2 OLED Lighting Market, By Panel Type
             12.2.1 Introduction
             12.2.2 Rigid
             12.2.3 Flexible

13 OLED Lighting Market, By Vertical (Page No. - 106)
     13.1 Introduction
     13.2 Commercial
     13.3 Automotive
     13.4 Sports & Entertainment
     13.5 Residential
     13.6 Industrial

14 Geographical Analysis (Page No. - 113)
     14.1 Introduction
     14.2 Asia Pacific
             14.2.1 South Korea
             14.2.2 China
             14.2.3 Japan
             14.2.4 India
             14.2.5 Taiwan
             14.2.6 Rest of APAC
     14.3 North America
             14.3.1 Us
             14.3.2 Canada
             14.3.3 Mexico
     14.4 Europe
             14.4.1 Uk
             14.4.2 Germany
             14.4.3 France
             14.4.4 Finland
             14.4.5 Rest of Europe
     14.5 RoW
             14.5.1 Middle East
             14.5.2 Africa
             14.5.3 South America

15 Competitive Landscape (Page No. - 150)
     15.1 Overview
     15.2 Company Ranking Analysis
             15.2.1 OLED Display Market
             15.2.2 OLED Lighting Market
     15.3 Competitive Situations and Trends
             15.3.1 Product Launches, Developments, and Mass Production
             15.3.2 Partnerships, Agreements, Contracts, and Collaborations
             15.3.3 Expansions
             15.3.4 Mergers & Acquisitions

16 Company Profiles (Page No. - 158)
     16.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     16.2 Key Players
             16.2.1 Samsung Electronics
             16.2.2 LG Display
             16.2.3 Universal Display Corporation
             16.2.4 AU Optronics
             16.2.5 BOE Technology
             16.2.6 Tianma Microelectronics
             16.2.7 Osram
             16.2.8 Acuity Brands
             16.2.9 Konica Minolta Pioneer OLED
             16.2.10 OLEDworks
     16.3 Key Innovators
             16.3.1 Lumiotec
             16.3.2 Royole Corporation
             16.3.3 Kopin Corporation
             16.3.4 Pixelligent Technologies
             16.3.5 Luminescience Technology (Lumtec)

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

17 Appendix (Page No. - 201)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Introducing RT: Real-Time Market Intelligence
     17.4 Available Customizations
     17.5 Related Reports
     17.6 Author Details


List of Tables (75 Tables)

Table 1 List of Major Secondary Sources
Table 2 Rigid and Flexible OLED Capability, By Display Panel Supplier
Table 3 OLED Capacity: Samsung and LG
Table 4 OLED Display Market, By Application, 2014–2023 (Million Units)
Table 5 OLED Display Market, By Application, 2014–2023 (USD Million)
Table 6 OLED Display Market for Smartphones, By Display Panel Type , 2014–2023 (USD Million)
Table 7 OLED Display Market for Smartphones, By Region, 2014–2023 (USD Million)
Table 8 OLED Display Market for Televisions, By Display Panel Type , 2014–2023 (USD Million)
Table 9 OLED Display Market for Televisions, By Region, 2014–2023 (USD Million)
Table 10 OLED Display Market for Tablets, By Display Panel Type , 2014–2023 (USD Million)
Table 11 OLED Display Market for Tablets, By Region, 2014–2023 (USD Million)
Table 12 OLED Display Market for Smartwatches, By Display Panel Type , 2014–2023 (USD Million)
Table 13 OLED Display Market for Smartwatches, By Region, 2014–2023 (USD Million)
Table 14 Comparison of Various NTE Display Technologies
Table 15 OLED Display Market for Near-To-Eye (NTE) Devices, By Region, 2014–2023 (USD Million)
Table 16 OLED Display Market for Vehicles & Public Transports, By Display Panel Type, 2014–2023 (USD Million)
Table 17 OLED Display Market for Laptops & Pc Monitors, By Display Panel Type , 2014–2023 (USD Million)
Table 18 OLED Display Market for Laptops & Pc Monitors, By Region, 2014–2023 (USD Million)
Table 19 OLED Display Market for Signage/Large Format Displays, By Display Panel Type, 2014–2023 (USD Million)
Table 20 OLED Display Market for Signage/Large Format Displays, By Region, 2014–2023 (USD Million)
Table 21 OLED Display Market for Other Applications, By Display Panel Type , 2014–2023 (USD Million)
Table 22 OLED Display Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 23 OLED Display Market, By Display Panel Type, 2014–2023 (USD Million)
Table 24 Market for Rigid OLED Display Panels, By Application, 2014–2023 (USD Million)
Table 25 Market for Flexible OLED Panels, By Application, 2014–2023 (USD Million)
Table 26 Market for Other OLED Display Panels, By Application, 2014–2023 (USD Million)
Table 27 OLED Display Market, By Technology, 2014–2023 (USD Million)
Table 28 AMOLED Display Market, By Material, 2014–2023 (USD Million)
Table 29 OLED Display Market, By Display Panel Size, 2014–2023 (USD Million)
Table 30 OLED Lighting Market, By Application, 2014–2023 (USD Million)
Table 31 Market for General OLED Lighting, By Vertical, 2014–2023 (USD Million)
Table 32 Market for General OLED Lighting, By Region, 2014–2023 ( USD Million)
Table 33 Market for Automotive OLED Lighting, By Region, 2014–2023 (USD Million)
Table 34 OLED Lighting Market, By Panel Type, 2014–2023 ( USD Million)
Table 35 OLED Lighting Market, By Vertical, 2014–2023 ( USD Million)
Table 36 OLED Market, By Region, 2014–2023 (USD Billion)
Table 37 OLED Display Market, By Region, 2014–2023 (USD Billion)
Table 38 OLED Lighting Market, By Region, 2014–2023 (USD Million)
Table 39 OLED Display Market in APAC, By Application, 2014–2023 (USD Million)
Table 40 OLED Lighting Market in APAC, By Application, 2014–2023 (USD Million)
Table 41 OLED Market in APAC, By Country, 2014–2023 (USD Million)
Table 42 OLED Display Market in APAC, By Country, 2014–2023 (USD Million)
Table 43 OLED Lighting Market in APAC, By Country, 2014–2023 (USD Million)
Table 44 OLED Market in South Korea, By OLED Application, 2014–2023 (USD Million)
Table 45 OLED Market in China, By OLED Application, 2014–2023 (USD Million)
Table 46 OLED Market in Japan, By OLED Application, 2014–2023 (USD Million)
Table 47 Global OLED Market in India, By OLED Application, 2014–2023 (USD Million)
Table 48 OLED Market in Taiwan, By OLED Application, 2014–2023 (USD Million)
Table 49 OLED Market in Rest of APAC, By OLED Application, 2014–2023 (USD Million)
Table 50 OLED Display Market in North America, By Application, 2014–2023 (USD Million)
Table 51 OLED Lighting Market in North America, By Application, 2014–2023 (USD Million)
Table 52 OLED Market in North America, By Country, 2014–2023 (USD Million)
Table 53 OLED Display Market in North America, By Country, 2014–2023 (USD Million)
Table 54 OLED Lighting Market in North America, By Country, 2014–2023 (USD Million)
Table 55 OLED Market in Us, By OLED Application, 2014–2023 (USD Million)
Table 56 OLED Market in Canada, By OLED Application, 2014–2023 (USD Million)
Table 57 OLED Market in Mexico, By OLED Application, 2014–2023 (USD Million)
Table 58 OLED Display Market in Europe, By Application, 2014–2023 (USD Million)
Table 59 OLED Lighting Market in Europe, By Application, 2014–2023 (USD Million)
Table 60 OLED Market in Europe, By Country, 2014–2023 (USD Million)
Table 61 OLED Display Market in Europe, By Country, 2014–2023 (USD Million)
Table 62 OLED Lighting Market in Europe, By Country, 2014–2023 (USD Million)
Table 63 OLED Market in Uk, By OLED Application, 2014–2023 (USD Million)
Table 64 OLED Market in Germany, By OLED Application, 2014–2023 (USD Million)
Table 65 OLED Market in France, By OLED Application, 2014–2023 (USD Million)
Table 66 OLED Market in Finland, By OLED Application, 2014–2023 (USD Million)
Table 67 OLED Market in Rest of Europe, By OLED Application, 2014–2023 (USD Million)
Table 68 OLED Display Market in RoW, By Application, 2014–2023 (USD Million)
Table 69 OLED Market in RoW, By Region, 2014–2023 (USD Million)
Table 70 Key Player Market Ranking: OLED Display Market, 2016
Table 71 Key Player Market Ranking: OLED Lighting Market, 2016
Table 72 Product Launches, Developments, and Mass Production, 2014–2017
Table 73 Partnerships, Agreements, Contracts, and Collaborations, 2015–2017
Table 74 Expansions, 2015–2017
Table 75 Mergers & Acquisitions, 2015–2016


List of Figures (81 Figures)

Figure 1 Market Segmentation
Figure 2 OLED Market: Process Flow of Market Size Estimation
Figure 3 OLED Market: Research Design
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 OLED Display Market, 2014–2023 (USD Billion)
Figure 8 Smartphones to Hold the Largest Size of the OLED Display Market During the Forecast Period
Figure 9 Rigid Display Panels to Hold the Largest Size of the OLED Display Market During the Forecast Period
Figure 10 WOLED Materials to Hold the Largest Share of the AMOLED Display Market During the Forecast Period
Figure 11 OLED Lighting Market, 2014–2023 (USD Billion)
Figure 12 OLED Lighting Market, By Vertical, 2014–2023 (USD Million)
Figure 13 Overall OLED Market to Grow Significantly During the Forecast Period
Figure 14 Smartphones to Hold the Largest Share of the OLED Display Market During the Forecast Period
Figure 15 Rigid Display Panels Held the Largest Share of the OLED Display Market in 2016
Figure 16 Smartphones to Hold the Largest Size of the Market for Flexible OLED Display Panels During the Forecast Period
Figure 17 Flexible Display Panels to Grow at A Higher Rate in OLED Display Market for Smartphones During the Forecast Period
Figure 18 Flexible Display Panels to Hold A Larger Size of the OLED Display Market for Smartwatches By 2023
Figure 19 Up to 6 Inch Display Panels Held the Largest Share of the OLED Display Market in 2016
Figure 20 OLED Display Market in North America to Grow at the Highest Rate During the Forecast Period
Figure 21 APAC Held the Largest Share of the OLED Display Market in 2016
Figure 22 Smartphones Held the Largest Share of the OLED Display Market in APAC in 2016
Figure 23 General Lighting to Hold A Larger Share of the OLED Lighting Market During the Forecast Period
Figure 24 Market for Flexible OLED Lighting Panels to Grow at A Higher Rate During the Forecast Period
Figure 25 Commercial Vertical Held the Largest Share of the OLED Lighting Market in 2016
Figure 26 Europe Held the Largest Share of the OLED Lighting Market in 2016
Figure 27 Drivers, Restraints, Opportunities, and Challenges
Figure 28 Micro-Led Market, 2017–2025 (USD Billion)
Figure 29 Value Chain Analysis: OLED Display
Figure 30 Value Chain Analysis: OLED Lighting
Figure 31 Samsung: Customer Analysis, 2016–2019
Figure 32 OLED Panel Production Share of Samsung and LG Expected to Change Significantly Between 2011 and 2020
Figure 33 South Korea Expected to Hold the Largest Share in Terms of OLED Production Capacity By 2018
Figure 34 Samsung Dominated Flexible OLED Displays With Largest Ip Portfolio in 2016
Figure 35 Materials Account for Largest Share of Manufacturing Cost in Rigid and Flexible OLED Panels
Figure 36 OLED Display Market, By Application
Figure 37 OLED Display Market, By Application, 2014–2023
Figure 38 OLED Display Market, By Display Panel Type
Figure 39 OLED Display Market, By Technology
Figure 40 PMOLED Display Market 2017 vs 2023 (USD Million)
Figure 41 AMOLED Display Market 2017 vs 2023 (USD Billion)
Figure 42 AMOLED Display Market, By Material
Figure 43 AMOLED Display Market, By Material, 2017 vs 2023 (USD Million)
Figure 44 FMM RGB Material Market, 2014–2023 (USD Million)
Figure 45 WOLED Material Market, 2014–2023 (USD Million)
Figure 46 AMOLED Materials: Consumption Rate of WOLED vs FMM RGB, 2014–2023
Figure 47 OLED Market, By Display Panel Size
Figure 48 OLED Display Market, By Display Panel Size, 2017 and 2023 (USD Billion)
Figure 49 Market for Upto 6-Inch OLED Display Panels, 2017–2023 (USD Billion)
Figure 50 Market for 6–20-Inch OLED Display Panels, 2017–2023 (USD Million)
Figure 51 Market for 20–50-Inch OLED Display Panels, 2017–2023 (USD Million)
Figure 52 Market for More Than 50-Inch OLED Display Panels, 2017–2023 (USD Million)
Figure 53 OLED Lighting Market, By Application
Figure 54 OLED Lighting Market, By Panel Type
Figure 55 OLED Lighting Market, By Vertical
Figure 56 OLED Lighting Market for Commercial Vertical, 2014-2023 (USD Million)
Figure 57 OLED Lighting Market for Automotive Vertical, 2014-2023 (USD Million)
Figure 58 OLED Lighting Market for Sports & Entertainment Vertical, 2014–2023 (USD Million)
Figure 59 OLED Lighting Market for Residential Vertical, 2014–2023 (USD Million)
Figure 60 OLED Lighting Market for Industrial Vertical, 2014–2023 (USD Million)
Figure 61 OLED Market, By Region
Figure 62 OLED Market, By Region, 2017 vs 2023 (USD Billion)
Figure 63 OLED Display Market, By Region, 2017 vs 2023 (USD Billion)
Figure 64 OLED Lighting Market, By Region, 2017 vs 2023 (USD Million)
Figure 65 OLED Display Market in North America to Grow at the Highest Rate Between 2017 and 2023
Figure 66 Europe Held the Largest Share of the OLED Lighting Market in 2016
Figure 67 Geographic Snapshot of the OLED Display Market
Figure 68 Geographic Snapshot of the OLED Lighting Market
Figure 69 South Korea to Hold A Major Share of the OLED Market in APAC Between 2017 and 2023
Figure 70 US to Hold A Major Share of the OLED Market in North America Between 2017 and 2023
Figure 71 UK to Hold A Major Share of the OLED Market in Europe Between 2017 and 2023
Figure 72 Key Developments By Leading Players in the Market Between 2015 and 2017
Figure 73 Samsung Electronics: Company Snapshot
Figure 74 LG Display: Company Snapshot
Figure 75 Universal Display Corporation : Company Snapshot
Figure 76 AU Optronics: Company Snapshot
Figure 77 BOE Technology: Company Snapshot
Figure 78 Tianma Microelectronics: Company Snapshot
Figure 79 Osram: Company Snapshot
Figure 80 Acuity Brands: Company Snapshot
Figure 81 Konica Minolta Pioneer OLED: Company Snapshot

Organic light-emitting diode (OLED) emerged as an advanced and self-emitting display technology for efficient, bright, flexible, and thin display panels. OLED displays are made from organic light-emitting materials and do not require any backlight panel. Since 2015, OLEDs have witnessed rapid adoption in smartphones and wearables.  The global OLED market was valued at USD 16.58 billion in 2016 and is expected to reach USD 48.81 billion by 2023, at a CAGR of 15.2% between 2017 and 2023. The key factors driving the growth of market include the rapid adoption of OLED displays in smartphones and the huge investments in the technology and manufacturing facilities.

Smartphones accounted for major share of 83.5% in OLED display panel market in 2016. The major factors that are boosting the use of OLED displays in smartphones include the benefits offered by OLED including energy-efficiency, high brightness, and thin form factor compared with LCD display panels. AMOLED screens have great contrast, as the light on the screen comes from each individual pixel rather than an LED backlight; when it needs to create a black color, it simply dims or turns off the relevant pixels, for a true, deep black, which consumes less power. Televisions are likely to account for the second-largest share of the display market by 2023. The OLED lighting market is at the early phase of growth and is expected to grow at a high CAGR during the forecast period.

Flexible display panels held a lower market share compared rigid ones in 2016; however, the market for flexible display panels is expected to grow at a higher rate during the forecast period. With the increasing use of flexible display panels in smartphones and smart wearable devices, and their potential use in other applications such as TVs, signage displays, and vehicles, flexible displays are expected to drive the growth of the market during the forecast period.

Fine metal mask (FMM) RGB materials are used to manufacture small display panels for smartphones and tablets; these materials accounted for a larger share of the market for AMOLED displays in 2016. However, the market share of FMM RGB is expected to decline owing to the increasing adoption of WOLED materials by LG Display for use in TVs. Large display panels are used in TVs, which require more OLED materials compared with smartphones and tablets. The full-fledged production of WOLED-based large-sized display panels started in 2015–2016 when LG launched TV and signage displays based on the OLED technology. The consumption of materials for use in large-sized white OLED panels is expected to increase rapidly each year throughout the forecast period.

General lighting accounted for a major share of OLED lighting market in 2016; however, the market for automotive lighting is expected to grow at a higher rate between 2017 and 2023. The high growth in automotive lighting can be attributed to the expected demand from luxury car manufacturers for premium quality lightings, along with the collaboration among OLED manufacturers and leading automotive companies for the development of flexible lightings for vehicles.

OLED Market

Asia Pacific accounted for the highest demand in OLED market in 2016, especially from South Korea, China, and Japan as major original brand manufacturers are based in these countries. The display market in North America is expected to grow at a high CAGR during the forecast period owing to the increasing adoption of OLED display panels by Apple in its smartphones. Early adoption of OLED lighting panels by leading automotive players in Europe is expected to propel the growth of the lighting market in Europe. Automotive players such as BMW and Audi have used OLED lighting solutions in their cars.

Factors such as high growth of the market for micro-LED and direct-view LED display technologies, and low market acceptance of OLED lighting fixtures are restricting the growth of the market. Samsung Display (South Korea) and LG Display (South Korea) are the leading players in the market; however, various players such as AU Optronics (Taiwan), JOLED (Japan), and BOE Technology (China) are expected to increase their market share in the coming years by constructing new OLED manufacturing plants and acquiring newer customers. The leading players in OLED lighting market are LG Display (South Korea), Acuity Brands (US), OSRAM (Germany), Kaneka Corporation (Japan), Universal Display Corp. (US), and OLEDWorks (US).

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