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

Oled Panel Market Size & CAGR in 2021

The global OLED panel market is expected to reach a market size of USD 57.2 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 12.3%.

COVID-19 Impact on the OLED Panel Market

The OLED panel market was significantly impacted by the COVID-19 pandemic. The global supply chain disruptions, production halts, and reduced consumer demand led to a decrease in market growth in 2020.

However, with the gradual recovery of the global economy and the increasing adoption of OLED technology in various industries, the OLED panel market has shown resilience and is projected to bounce back with a robust growth trajectory.

OLED Panel Dynamics

OLED panels are revolutionizing the display industry with their superior picture quality, energy efficiency, and flexible form factors. The increasing demand for smartphones, TVs, automotive displays, and wearable devices is driving the growth of the OLED panel market.

Technological advancements such as the development of foldable OLED screens, transparent OLED displays, and micro-LED integration are further propelling the market growth.

Segments and Related Analysis

By Application:

- Smartphones

- TVs

- Automotive Displays

- Wearable Devices

By Technology:

- AMOLED

- PMOLED

By End-Use Industry:

- Consumer Electronics

- Automotive

- Healthcare

- Others

By Region Analysis

North America

- The North American OLED panel market is driven by the strong presence of key market players, increasing demand for premium smartphones, and the adoption of OLED technology in automotive displays.

Europe

- Europe is witnessing significant growth in the OLED panel market due to the increasing investment in R&D, government initiatives promoting energy-efficient displays, and the surge in demand for OLED TVs.

Asia Pacific

- Asia Pacific dominates the global OLED panel market with countries like China, South Korea, and Japan leading in OLED panel production. The region's robust consumer electronics industry and rapid technological advancements are driving market growth.

Latin America

- The Latin American OLED panel market is witnessing steady growth, attributed to the increasing adoption of OLED technology in smartphones, TVs, and signage displays across the region.

Middle East and Africa

- The MEA region is experiencing a growing demand for OLED panels in the automotive sector and healthcare industry. The focus on enhancing display solutions and technological innovations is driving market expansion.

Key Market Players and Competitive Landscape

- Samsung Display

- LG Display

- BOE Technology Group

- Sony Corporation

- Panasonic Corporation

The OLED panel market is highly competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansions to gain a competitive edge.

Recent Happenings in the OLED Panel Market

- Samsung Display unveiled a new range of OLED panels with enhanced brightness and color accuracy for smartphones and tablets.

- LG Display announced a collaboration with automakers to integrate OLED displays in next-generation vehicles for enhanced infotainment and driver assistance systems.

- BOE Technology Group launched a series of flexible OLED displays for wearable devices and IoT applications, expanding its product portfolio in the OLED panel market.

- Sony Corporation introduced OLED TVs with advanced audio technologies and immersive viewing experiences, catering to the premium segment of the consumer electronics market.

- Panasonic Corporation partnered with healthcare providers to develop OLED displays for medical imaging systems and diagnostic equipment, demonstrating the versatility of OLED technology in the healthcare industry.