Organic light-emitting diodes (OLEDs) have been gaining in market share over the past few years and there’s no sign of a slowdown, evidenced by MarketsandMarkets latest research report, “OLED Market by Display Application, Panel Type, Technology, Size, Material, Lighting Application, and Geography - Global Forecast to 2023.” The research firm claims the OLED market is expected to be valued at $48.81 Billion by 2023, growing at a CAGR of 15.2% between 2017 and 2023. Factors driving growth include rapid adoption of OLED displays in smartphones and growing investments in technology and manufacturing facilities.
Pertinent findings include:
- Smartphones held the largest size of the OLED display market in 2016
- Rigid display panels accounted for the largest share of the OLED display market in 2016
- Commercial vertical accounted for the largest share of the market for general OLED lighting in 2016
- APAC held the largest share of the OLED market in 2016
The report profiles top players operating in the OLED market; some of the leading players in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics Corp. (Taiwan), Universal Display Corp. (US), BOE Technology (China), Acuity Brands (US), OLEDWorks (US), Tianma Microelectronics (China), and Konica Minolta Pioneer OLED (Japan). The report also analyzes the trends in the market for each segment and their respective growth rates.
If your anxiety levels are soaring as a result of a need for more details, you browse the OLED market report. Of course, further information can be had b contacting the source: MarketsandMarkets Inc., Northbrook, IL. 888-600-6441 and/or [email protected]