OLED Display Panel Market, By Type (Rigid, Flexible, Others), By Application (Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
OLED Display Panel Market, By Type (Rigid, Flexible, Others), By Application (Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, Others), and Region - COVID-19 Impact Analysis and F...
The OLED Display Panel Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 12.7% during the forecast period.
OLED Display Panel Market- Research Scope
Base Year of Study
2020
Trend Period
2015-2019
Forecast Period
2021-2026
Region with the significant share
North America
Key Players
Samsung Electronics (South Korea), LG Display (South Korea), Universal Display Corporation (US), AU Optronics (Taiwan), BOE Technology (China), Tianma Microelectronics (China), Royole Corporation (US), Acuity Brands (US), Konica Minolta Pioneer OLED (Japan), OLEDworks (US).
An organic light-emitting diode (OLED), also referred to as as an organic electroluminescent diode, is a kind of light-emitting diode (LED), wherein, the emissive electroluminescent layer is an organic compound film which produces light in response to an electric current. OLED continues to be an astounding display technology trend, with larger screen sizes, improved 8K (7680 x 4320 pixels) resolution and relatively new form factors.
Covid-19 Impact Analysis
The COVID-19 pandemic has moderately affected the OLED display panel industry. Geopolitical changes and trade disputes, along with the changing degrees of lockdowns imposed in different countries affected the production of OLED Display Panel as well as disrupted supply chains. Also, shutting down of industries, stores, manufacturing sites, and halting of transportation has resulted in a shortage of raw materials.
Key Players
Key players operating in the OLED Display Panel Market are-
Samsung Electronics (South Korea)
LG Display (South Korea)
Universal Display Corporation (US)
AU Optronics (Taiwan)
BOE Technology (China)
Tianma Microelectronics (China)
Royole Corporation (US)
Acuity Brands (US)
Konica Minolta Pioneer OLED (Japan)
OLEDworks (US)
Market Dynamics
The OLED Display Panel market is primarily driven by various benefits such as viewing angles and black levels. OLED are likely to replace LCDs in varied applications in the coming years, from small screens for smartwatches to big displays for television sets. OLED displays are more sunlight-readable, energy-efficient, and recyclable than LCDs. These display panels exhibit high contrast as the light on the screen is generated by each pixel rather than by a backlight, and when contrast is required, it simply dims or shuts off the appropriate pixels for a real and deep black color while consuming less power. This, in turn, augments the product usage during the forecast timeline.
Segment’s Analysis
Application Trends
Based on application, the OLED display panel market has been classified into smartphone, tablet, laptop & pc monitor, television, vehicle & public transport, and others. The smartphone segment accounted for the largest market share in 2020. This is majorly attributed to rising penetration of internet in developing countries, increasing sales of smartphones, and high purchasing power.
Regional Trends
By region, the North America OLED Display Panel market accounted a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The OLED Display Panel market growth is mainly ascribed to high demand for advanced automation tools in the end-use industries. In addition, high R&D investments on product development augments the regional market expansion.
The Asia Pacific OLED Display Panel market is expected to grow at the healthy CAGR during the review period due to large presence of consumer electronics and semiconductor manufacturers in the region. Also, increasing purchasing power as well as strong product innovation and development in curved and flexible OLED panels further bolsters the regional market growth.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the OLED display panel market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.
What are the key trends in the OLED display panel market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on OLED display panel market?
What are the key strategies adopted by the major vendors to lead in the OLED display panel market?
What is the market share of the top vendors?
Target Audience
The target audience of OLED Display Panel Market includes-
OLED Display Panel Vendors
OLED Display Panel Manufacturers
OLED Display Panel Distributors
Organizations
Government Bodies.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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The OLED Display Panel Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 12.7% during the forecast period.
The OLED Display Panel market is primarily driven by various benefits such as viewing angles and black levels. OLED are likely to replace LCDs in varied applications in the coming years, from small screens for smartwatches to big displays for television sets. OLED displays are more sunlight-readable, energy-efficient, and recyclable than LCDs.
