OLEDs Market Size

Organic Light Emitting Diodes (OLEDs) Market size was over USD 56.43 billion in 2023 and is anticipated to reach USD 590.81 billion by the end of 2036, growing at around 19.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of OLEDs is assessed at USD 65.37 billion.

The growth of the market can be attributed to the advantageous properties of OLED, such as lightweight, flexibility, transparency and color tuning ability. Organic light emitting diodes comprise of a thin film of organic electroluminescent materials which can emit light when stimulated by electricity. Moreover, in OLED display, each pixel can change its state instantly, which makes them an ideal modern light source. Such factors are estimated to boost the market growth. Furthermore, the advancement in technology, along with rising demand for advanced electronic devices, are anticipated to fuel the market growth. For instance, it was observed that over 3.35 million units of OLED TV were shipped globally in 2020, registering a significant growth in demand for OLED displays.

Frequently Asked Questions (FAQ)

Increasing advancement in consumer electronics is estimated to drive the growth of the market.

The market is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2022 â€“ 2031.

The Asia Pacific region is anticipated to provide more business opportunities over the forecast period owing to the growing consumer demand for advanced electronic devices.

The major players in the market are Samsung Display Co., Ltd., Futaba Corporation, Universal Display Corporation, RITEK Corporation, Osram Licht AG, OLEDWorks LLC, Innolux Corporation, Seiko Epson Corporation, Koninklijke Philips N.V., and others.

OLEDs Market Size