The Market Statsville Group (MSG) publishes the new report on the “OLED Panel Market by Type (Flexible, Rigid, and Transparent), by Display Address Scheme (PMOLED Display and AMOLED Display), by Size (Small–sized OLED Panel, Medium–sized OLED Panel, and Large–sized OLED Panel), by Product (Mobile and Tablet, Television, Automotive, Wearable, and Other Products), by Region – Global Share and Forecast to 2027“.
The global”OLED panel market size“ is projected grow at a CAGR of 13.6% and had a market of USD 38.4 billion in 2021 and is estimated to reach USD 82.5 billion by 2027. Display panels provide the bridge between consumers and the information universe. Asia has greatly contributed to OLED technology, production, and usage. The presence of OLED material, panel, and equipment manufacturers and their significant investments contributed to the region’s dominance in OLED technology. BOE, which announced that it is planning to build its fourth flexible OLED plant in China, is supported by the Chinese government and domestic companies, such as Huawei. Similarly, Visionox is also increasing its production capacity to mass–produce OLED smartphone displays to challenge the longstanding South Korean Market.
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Global OLED Panel Market Segmentation
The overall OLED panel market has been segmented into the component, waste type, method, application, and region.
- By Type (Flexible, Rigid, and Transparent), by Display Address Scheme (PMOLED Display and AMOLED Display)
- By Size (Small–sized OLED Panel, Medium–sized OLED Panel, and Large–sized OLED Panel)
- By Product (Mobile and Tablet, Television, Automotive, Wearable, and Other Products)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
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Small–sized OLED panels, by size, is estimated to hold the largest market share during the forecast period
Based on the size, the global OLED panel market is segmented into small–sized OLED panels, medium–sized OLED panels, and large–sized OLED panels. The small–sized OLED panels segment generated the highest revenue of 61.3% of the global OLED panel market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Consumer electronics being the biggest adopter of the small–sized display panels, growth in the segment is expected to fuel the demand for the small–sized displays over the forecast period. Small–sized OLED panels are used in smartphones, smartwatches, cameras, etc.
The increasing adoption of wearable devices that support OLED displays is expected to boost market growth over the forecast period. For instance, ZTE’s Nubia Alpha is a smart bracelet with a tall flexible OLED display – a 4” panel with a 192 x 960. Some of the prominent players in the market are investing in research and development activities which are expected to further the technology fueling the demand for OLED display panels over the forecast period.
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Asia Pacific accounts for the largest market share in OLED panel market 2020
Based on the regions, the global OLED panel market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific had the largest market revenue and accounted for 38.6% of the market share 2020. Asia–Pacific is one of the prominent regions for the market studied due to the rising urbanization and technological advancements in display screens. Due to major players across the region, increasing adoption of advanced technology, increasing capital investments, and rapidly growing economies, there is a huge potential for OLED panels in Asia–Pacific.
The OLED TV market in Asia–Pacific is nascent, and the technology is gaining momentum, with new technological advancements and declining prices. A large consumer base in the region is responsible for creating substantial business opportunities for OLED TV new entrants. OLED TVs (produced by LG, Sony, Panasonic, and other manufacturers) are considered the world’s best TVs. Manufacturers present in the region are emerging with new technologies and are spending huge amounts in R&D of OLED technology to attract more customers. For instance, LG Display recently developed a 77” flexible and transparent OLED display, which features 4K/UHD, an 80mm radius of curvature, and 40% transparency.
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This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the OLED panel market. It also consists of the profiles of leading companies such as Sony Corporation, Samsung Display Co. Ltd, LG Display Co. Ltd, Ritek Corporation, OSRAM OLED GmbH, Pioneer Corporation, WiseChip Semiconductor Inc., Raystar Optronics Inc., Winstar Display Co. Ltd, and Visionox Co. Ltd. These market players have focused on acquisitions and expansion to gain a larger market share in the OLED panel market.
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