OLED Panel Market to worth USD 82.5 billion by 2027

The Market Statsville Group (MSGpublishes the new report on the "OLED Panel Market by Type (Flexible, Rigid, and Transparent), by Display Address Scheme (PMOLED Display and AMOLED Display), by Size (Small-sized OLED Panel, Medium-sized OLED Panel, and Large-sized OLED Panel), by Product (Mobile and Tablet, Television, Automotive, Wearable, and Other Products), by Region – Global Share and Forecast to 2027".

The global"OLED panel market size" is projected grow at a CAGR of 13.6and had a market of USD 38.4 billion in 2021 and is estimated to reach USD 82.5 billion by 2027Display panels provide the bridge between consumers and the information universeAsia has greatly contributed to OLED technology, production, and usageThe presence of OLED material, panel, and equipment manufacturers and their significant investments contributed to the regions dominance in OLED technologyBOE, which announced that it is planning to build its fourth flexible OLED plant in China, is supported by the Chinese government and domestic companies, such as HuaweiSimilarly, Visionox is also increasing its production capacity to mass-produce OLED smartphone displays to challenge the longstanding South Korean Market.

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Global OLED Panel Market Segmentation

The overall OLED panel market has been segmented into the component, waste type, method, application, and region.

  • By Type (Flexible, Rigid, and Transparent), by Display Address Scheme (PMOLED Display and AMOLED Display)
  • By Size (Small-sized OLED Panel, Medium-sized OLED Panel, and Large-sized OLED Panel)
  • By Product (Mobile and Tablet, Television, Automotive, Wearable, and Other Products)
  • By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

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Small-sized OLED panels, by size, is estimated to hold the largest market share during the forecast period

Based on the size, the global OLED panel market is segmented into small-sized OLED panels, medium-sized OLED panels, and large-sized OLED panelsThe small-sized OLED panels segment generated the highest revenue of 61.3of the global OLED panel market in 2020, and it is expected to register a significant CAGR from 2021 to 2027Consumer electronics being the biggest adopter of the small-sized display panels, growth in the segment is expected to fuel the demand for the small-sized displays over the forecast periodSmall-sized OLED panels are used in smartphones, smartwatches, cameras, etc.

The increasing adoption of wearable devices that support OLED displays is expected to boost market growth over the forecast periodFor instance, ZTEs Nubia Alpha is a smart bracelet with a tall flexible OLED display a 4panel with a 192 x 960Some of the prominent players in the market are investing in research and development activities which are expected to further the technology fueling the demand for OLED display panels over the forecast period.

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Asia Pacific accounts for the largest market share in OLED panel market 2020

Based on the regions, the global OLED panel market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & AfricaIn 2020, Asia Pacific had the largest market revenue and accounted for 38.6of the market share 2020Asia-Pacific is one of the prominent regions for the market studied due to the rising urbanization and technological advancements in display screensDue to major players across the region, increasing adoption of advanced technology, increasing capital investments, and rapidly growing economies, there is a huge potential for OLED panels in Asia-Pacific.

The OLED TV market in Asia-Pacific is nascent, and the technology is gaining momentum, with new technological advancements and declining pricesA large consumer base in the region is responsible for creating substantial business opportunities for OLED TV new entrantsOLED TVs (produced by LG, Sony, Panasonic, and other manufacturersare considered the world's best TVsManufacturers present in the region are emerging with new technologies and are spending huge amounts in R&D of OLED technology to attract more customersFor instance, LG Display recently developed a 77flexible and transparent OLED display, which features 4K/UHD, an 80mm radius of curvature, and 40transparency.

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This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the OLED panel marketIt also consists of the profiles of leading companies such as Sony Corporation, Samsung Display CoLtd, LG Display CoLtd, Ritek Corporation, OSRAM OLED GmbH, Pioneer Corporation, WiseChip Semiconductor Inc., Raystar Optronics Inc., Winstar Display CoLtd, and Visionox CoLtdThese market players have focused on acquisitions and expansion to gain a larger market share in the OLED panel market.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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