Oled Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Oled market in 2021?

The global Oled market is expected to reach a market size of USD 48.53 billion by the end of 2021 with a Compound Annual Growth Rate (CAGR) of 13.2% for the year.

COVID-19 Impact on the Oled Market

The COVID-19 pandemic has had a mixed impact on the Oled market. On one hand, there was a slowdown in manufacturing activities and disruptions in the supply chain, leading to a temporary decrease in market growth. On the other hand, the increased adoption of digital devices and displays during the pandemic has boosted the demand for Oled products, offsetting some of the negative effects of the crisis.

Oled Dynamics

Oled, or Organic Light Emitting Diode, is a display technology that uses organic compounds to emit light when an electric current is passed through them. Oled displays are known for their vibrant colors, high contrast ratios, and flexibility. The market for Oled displays is driven by the increasing demand for smartphones, televisions, and other electronic devices with high-quality screens.

Segments and Related Analysis

The Oled market can be segmented based on the type of device, including smartphones, televisions, smartwatches, and others. Each segment has its own growth dynamics and market trends, influenced by factors such as technological advancements, consumer preferences, and pricing.

By Region Analysis

The Oled market is geographically segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its own market size, growth potential, and key players contributing to the overall market dynamics.

Key Market Players and Competitive Landscape

Some of the key players in the Oled market include Samsung Electronics, LG Display, AU Optronics, BOE Technology Group, and Sony Corporation. These companies are at the forefront of innovation and competition in the Oled market, driving growth and new developments in technology.

Recent Happenings in the Oled Market

- Samsung Electronics announced the launch of a new line of Oled televisions with enhanced display technology. - LG Display unveiled a prototype of a rollable Oled display for use in flexible devices. - BOE Technology Group introduced a breakthrough in Oled panel manufacturing, increasing production efficiency and quality.