The global organic LED market size is anticipated to reach around US$ 156 Bn by 2027 and growing at a CAGR of around 22% in terms of revenue during the forecast period 2020 – 2027.

Organic light emitting diode (OLED) are organic material-based diodes which generate light without an outside source of light for projection. Demand from both OLED lighting and OLED displays are included in organic-emitting diode (OLED) market analysis.

Market Insights

The major factors driving the growth of global organic OLED market due to increasing adoption of OLED and improved performance of organic light emitting diode (OLED) over traditional LED. An organic light emitting diode has replaced LED lighting used in industrial and domestic illuminations. Other factors, including reduced raw material costs, also add to the demand for organic light diode (OLED) that are likely to flourish the growth of market. In order to lower its prices and increase its performance, experimental work has also been carried out on materials used in organic light emitting diodes in Asian laboratories. However, certain factors are likely to hinder the development of the diode market for organic light. Ink-jet technology is used in the development and distribution of the organic light emitting diode. This process is costly as it uses costly leading polymer compounds. In addition, increasing demand for environmentally sustainable goods may provide this sector with significant growth opportunities.

High-demand for cost-effective and energy-saving OLED Lighting

Approximately 15% of the global overall electricity usage is absorbed by lighting. In addition, around 5% of global carbon emissions are produced by lights. Furthermore, a set of guidelines on energy-saving lighting approaches to the carbon emissions were issued by the United Nations Environment Program (UNEP). The region illumination sector is estimated to expand rapidly over the next two decades as a result of increasing urbanization and fast economic development over Europe and the Middle East and OLED lighting demand increases. More LED-based lighting is therefore expected to drive global growth in the OLED lighting market in the coming years for improved energy consumption and cost reductions.

Report coverage

The market research study on “Organic LED Market (By Product Type: Display, Lighting; By Technology: Passive-Matrix OLED (PMOLED, Active-Matrix OLED (AMOLED), Transparent OLED, Top-Emitting OLED, Foldable OLED, White OLED; By Application: Smart phones & Tablets, Television, Laptop, and PC Display, Cameras, Residential and Commercial Lighting, Others By End-Use: Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global organic LED market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global organic LED market are product type, technology, application, end-use, and major geographic regions. The organic LED market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America accounted to hold a major market share of global organic OLED market due to increasing adoption of high brightness LEDs in automotive, signage, and signals. Major mobile companies like Apple Incorporation have implemented in their mobile telephones Organic LEDs (O-LED) which contribute to the growth of the demand for LEDs. Asia Pacific is projected to grow during forecast period due to its contribution to the electronics industry. This is mainly due to the growing consumer electronics industry in countries like India, China, South Korea and Japan, which, due to the large customer base available in the highly populated world, will ensure steady demand for organic electronics in the coming years.

Key Players

Major players included in this report Samsung Electronics, Philips, Eaton, LG Electronics, OSRAM, GE Lighting, Panasonic Corporation, AU Optronics, CREE, Universal Display Corporation. and others.

The global organic LED market is segmented as below:

Market Segmentation

Organic LED Market By Product Type

• Display
• Lighting

Organic LED Market By Technology

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

Organic LED Market By Application

• Smart phones & Tablets
• Television, Laptop, and PC Display
• Cameras
• Residential and Commercial Lighting
• Others

Organic LED Market By End-Use

• Consumer Electronics
• Automotive
• Retail
• Industrial
• Commercial
• Aerospace & Defense
• Healthcare
• Others

Organic LED Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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