The OLED Display Panel Market is segmented by Type (Rigid, Flexible, and Others), by Application Type (Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others])- COVID-19 Impact Analysis and Forecast to 2026.
The OLED Display Panel Market is segmented by Type (Rigid, Flexible, and Others), by Application Type (Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, and Others), and by Region...
“The OLED Display Panel Market is estimated to grow at a healthy CAGR of 12.7% during the forecast period”.
Market Dynamics
Introduction
An organic light-emitting diode (OLED), also referred to as an organic electroluminescent diode, is a kind of light-emitting diode (LED), wherein, the emissive electroluminescent layer is an organic compound film that 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.
Market Drivers
The OLED Display Panel market is primarily driven by various benefits such as viewing angles and black levels. OLEDs will likely replace LCDs in various 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. 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.
COVID-19 Impact
The COVID-19 pandemic has moderately affected the OLED display panel industry. Geopolitical changes, trade disputes, and the changing degrees of lockdowns imposed in different countries affected the production of OLED Display Panel and disrupted supply chains. Also, shutting down of industries, stores, and manufacturing sites, and halting transportation has resulted in a shortage of raw materials.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Application-Type Analysis
Smartphone, Tablet, Laptop & PC Monitor, Television, Vehicle & Public Transport, and Others
The smartphone segment accounted for the largest market share in 2020.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
North America is expected to remain the largest market during the forecast period.
By Application Type
“The smartphone segment accounted for the largest market share in 2020”.
The OLED display panel market has been classified into smartphone, tablet, laptop & pc monitor, television, vehicle & public transport, and others. The largest market share in 2020 was held by the smartphone segment. This is majorly attributed to the rising penetration of the internet in developing countries, increasing sales of smartphones, and high purchasing power.
Regional Analysis
"North American OLED market expects robust growth, while Asia Pacific anticipates healthy increase during the forecast period".
The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of region, the North American OLED Display Panel market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the forecast period. The OLED Display Panel market growth is mainly ascribed to the high demand for advanced automation tools in the end-use industries. In addition, high R&D investments in product development augment the regional market expansion.
TheAsia Pacific OLED Display Panel market is expected to grow at a healthy CAGRduring the review period due to the 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.
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Key Players
The following are the key players in the OLED Display Panel Market (arranged alphabetically)
AU Optronics (Taiwan)
Acuity Brands (US)
BOE Technology (China)
Konica Minolta Pioneer OLED (Japan)
LG Display (South Korea)
OLEDworks (US)
Royole Corporation (US)
Samsung Electronics (South Korea)
Tianma Microelectronics (China)
Universal Display Corporation (US).
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
in-depth Analysis of the OLED Display Panel Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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 to sales@stratviewresearch.com.
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The OLED Display Panel market is primarily driven by various benefits such as viewing angles and black levels. OLEDs 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.
The North American OLED Display Panel market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period.
The smartphone segment accounted for the largest market share in 2020. This is majorly attributed to the rising penetration of the internet in developing countries, increasing sales of smartphones, and high purchasing power.
