Global OLED Market Analysis, Segmentation, Competitors Analysis, Product Research, Trends and Forecast Report by 2023
OLED Market is further estimated to grow at a CAGR of 14.27% from 2018 to 2023 to reach USD 46.79 Billion by year 2023.
(EMAILWIRE.COM, June 25, 2018 ) GLOBAL OLED MARKET was valued at USD 21.01 Billion in the year 2017. OLED Market is further estimated to grow at a CAGR of 14.27% from 2018 to 2023 to reach USD 46.79 Billion by year 2023. Asia Pacific region holds the highest market share in 2017 whereas European region is projected to be the fastest growing market during the forecasted period. At country level, South Korea is the leading market in 2017 and it is projected to grow at a gradual pace in the coming years. Because of the presence of key manufacturers in the South Korea.
Samsung Electronics, LG Display and Konica Minolta are some of the major manufacturers in the OLED market with Samsung Electronics holding the largest market share because of its better product portfolio, geographical presence. Increasing research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by top manufacturers in recent years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34277
Drivers:
Grants provided by governments of different Asian countries for OLED panel production
Introduction of Flexible Smartphones in the market
Restraints:
High investments required to achieve economies of scale
Opportunities:
Innovation and introduction of OLED lights in automotive sector
Challenges:
Introduction of substitute technology such as QLED
The commercial segment is expected to hold the highest market share during the forecast period. With the increasing number of smartphone users there is a demand for advanced technology in the display market. The Governments of different countries are also helping the local manufacturers of OLED by providing them resources. Thus, OLED has a strong potential across the major countries such as Taiwan.
On the other hand, automotive sector is expected to grow at the highest CAGR during year 2018-2023. As of now, OLEDs are being used in the rear lights of some top automotive manufacturers. It is predicted that OLEDs will be used extensively in the interiors of the cars in the coming years.
Key Benefits for Stakeholders
Lighting & Display manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34277
By Application
Smartphones
TV
Laptops
Others (Smart Watches & Vehicles)
By Product Type
AMOLED
PMOLED
Others (Transparent OLED, Foldable OLED)
By Industry Type
Commercial
Industrial
Automotive
Sports & Entertainment
Residential
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Samsung Electronics Co. Ltd.
LG Display Co. Ltd.
Universal Display Corporation
Koninklijke Philips N.V.
Osram GmbH
AU Optronics Corp.
BOE Technology Group Co.
Konica Minolta, Inc.
Acuity Brands, Inc.
Veeco Instruments, Inc.
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34277
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Samsung Electronics, LG Display and Konica Minolta are some of the major manufacturers in the OLED market with Samsung Electronics holding the largest market share because of its better product portfolio, geographical presence. Increasing research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by top manufacturers in recent years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34277
Drivers:
Grants provided by governments of different Asian countries for OLED panel production
Introduction of Flexible Smartphones in the market
Restraints:
High investments required to achieve economies of scale
Opportunities:
Innovation and introduction of OLED lights in automotive sector
Challenges:
Introduction of substitute technology such as QLED
The commercial segment is expected to hold the highest market share during the forecast period. With the increasing number of smartphone users there is a demand for advanced technology in the display market. The Governments of different countries are also helping the local manufacturers of OLED by providing them resources. Thus, OLED has a strong potential across the major countries such as Taiwan.
On the other hand, automotive sector is expected to grow at the highest CAGR during year 2018-2023. As of now, OLEDs are being used in the rear lights of some top automotive manufacturers. It is predicted that OLEDs will be used extensively in the interiors of the cars in the coming years.
Key Benefits for Stakeholders
Lighting & Display manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34277
By Application
Smartphones
TV
Laptops
Others (Smart Watches & Vehicles)
By Product Type
AMOLED
PMOLED
Others (Transparent OLED, Foldable OLED)
By Industry Type
Commercial
Industrial
Automotive
Sports & Entertainment
Residential
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Samsung Electronics Co. Ltd.
LG Display Co. Ltd.
Universal Display Corporation
Koninklijke Philips N.V.
Osram GmbH
AU Optronics Corp.
BOE Technology Group Co.
Konica Minolta, Inc.
Acuity Brands, Inc.
Veeco Instruments, Inc.
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34277
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results