The demand for OLED panel market is anticipated to grow at a CAGR of 9.11% over the forecast period, the growth can be attributed to growing demands for OLED panels in display and lighting segments. The OLED has revolutionized the display industry by providing high clarity and larger screen displays ranging resolution up to 8K and available in new form factors such as flexible displays.
The Asia-Pacific region has emerged as a prominent market for OLED market in 2018, the region has the presence of a large number of OLED Manufacturer. The region has favorable manufacturing facilities, and research and development capabilities to manufacture OLED panels. The OLED displays are unique in terms of their lighting capacities as each individual pixel in the panel act as an individual light source for transmission of light, whereas in LED displays the display is dependent on liquid-crystals for transmissions of light.
The growing demand for thin panel television and smartphone displays has boosted the demand for OLEDs in the display market. These displays offer better clarity and picture quality compared to other conventional displays in the market. Companies are investing in the development of advanced OLED displays such as foldable OLED displays and transparent displays to use for specialized applications such as foldable smartphones and transparent smartphones.
- OLED Panel Market by technology
- PMOLED market
- AMOLED market
- OLED Panel Market by Panel Type
- Flexible panel
- Rigid panel
- OLED Panel Market by Application
- Smartphone display
- Tablet and notebook display
- Laptops and monitor display
- Smartwatches and wearable display
- Digital camera display
- Signage and large format display
- OLED Panel Market by end-use