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Friday, September 24, 2021

Global Organic LED Market to be Driven by the Rapid Technological Advancements in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Organic LED Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global organic LED market, assessing the market based on its segments like types, products, technology, application, sector and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 30 billion
• Forecast CAGR (2021-2026): 23.2%
• Forecast Market Size (2026): USD 105 billion

The global organic LED industry is being driven by the increasing demand for environmentally friendly goods may provide a significant opportunity for this industry to grow. The Asia Pacific region dominates the organic LED industry, accounting for most of the market revenue. Asia-Pacific leads the global organic LED market, followed by North America and Europe. High productivity, low power consumption, improved image quality, durability, and lightweight are major factors influencing the organic LED market positively.

Industry Definition and Major Segments

Organic LED, also known as an organic light-emitting diode, is a flat light-emitting technology manufactured by placing thin organic films between two conductors. It has the ability to provide energy-efficient lighting and substitute the fluorescent tubes and incandescent bulbs.

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The organic LED market, based on types, can be segmented into:

• Flexible OLED
• Rigid OLED

Based on products, the market can be divided into:

• Display
• Lighting

On the basis of technology, the industry can be segmented into:

• Passive Matrix OLED (PMOLED)
• Active Matrix OLED (AMOLED)
• Transparent OLED
• Top-Emitting OLED
• Foldable OLED
• White OLED

Based on application, the industry can be divided into:

• Television and Monitors
• Smartphones
• Laptops and Tablets
• Automotive
• Others

Based on the sector, the industry can be divided into:

• Commercial
• Residential
• Industrial

The regional markets for organic LED include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Among these, The Asia-Pacific represents the leading share in the organic LED market.

Market Trends

The rising usage of OLED technology is gaining popularity among end users because it is thinner, brighter, lighter in weight, more power efficient, and it offers higher contrast than LCDs. OLEDs provide wider viewing angles, faster response times, higher contrast ratios, and more saturated colours to improve end-user viewing experiences. They are more expensive than LED and LCD products. The rapid technological advancements and increasing investments by the government are anticipated to significantly contribute to robust market growth in the forecast period.

Key Market Players

The major players in the market, are Au Optronics Corp,Cambridge Display Technology Limited,Universal Display Corporation (NASDAQ: OLED),LG Electronics Inc.,Koninklijke Philips N.V,Osram GmbH,Samsung Electronics Co., Ltd.The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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