Large Number of OLED Display Manufacturers in China, Taiwan, and South Korea are accelerating the OLED market in the Asia Pacific Region!
- Vikas Kumar
- July 28, 2023
- ENERGY & POWER, NEWS
- Organic Light Emitting Diode (OLED) Market
- 0 Comments
The display panel industry is highly competitive in the Asia Pacific due to the large display manufacturers in countries such as China, Taiwan, South Korea, and Japan. The advancement in technology coupled with continuous pressure on manufacturers to reduce price margins are the driving accelerating the adoption of OLED displays in wide applications. Further, over the years, display manufacturers in the region have been producing TFT-LCD panels, however, surge in the global demand for OLED panels that have better durability, lighter weight, thinner dimensions, and unique software commands has shifted the market trend.
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Furthermore, the robust growth of OLED displays is linked to the region’s focused manufacturing as well as increased utilization coupled with the existence of a significant number of market participants in Japan, Korea, and Taiwan has further aided the Asia Pacific market. In addition, the Chinese government invests a significant proportion of the budget into the display industry. Similarly, South Korea is making investments in academic research and development activities for OLED technological advances are some of the factors accelerating the market size of OLED in the region.
Asia Pacific Organic Light Emitting Diode (OLED) Market Revenue (2020-2030)- USD Mn
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· Based on product type, the OLED market is bifurcated into display and lighting. The display segment caters extensive share of the market and is expected to grow at a significant rate in the forecasted period as well. The soaring demand for super high-contrast images and richer colors in electronic applications is escalating the market size of display OLEDs.
· Based on technology, the market is segmented into PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, and White OLED. The AMOLED segment caters extensive share of the market and is anticipated to grow at an influential CAGR in the forecasted period as well. AMOLED is majorly used for flexible display screens for smartphones and other personal electronic devices as it makes high-resolution screens at a low cost. For instance: In march 2022, Samsung launches three new AMOLED phones, the A33, A53, and the A73 that have a flexible AMOLED display and offers peak brightness.
Global Organic Light Emitting Diode (OLED) Market Segmentation
Market Insight, by Product Type
· Display
· Lighting
Market Insights, by Technology
· PMOLED
· AMOLED
· Transparent OLED
· Top-Emitting OLED
· Foldable OLED
· White OLED
Market Insights, by Display type
· Rigid
· Flexible
· Others
Market Insights, by End-Use
· PMOLED
· AMOLED
· Transparent OLED
· Top-Emitting OLED
· Foldable OLED
· White OLED
· Food Processing
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
· APAC
o China
o Japan
o India
o Taiwan
o Rest of APAC
· Rest of the World
Top Company Profiles
· Universal Display
· Advantech Co., Ltd.
· Innolux Corporation
· ams-OSRAM AG
· Planar
· AU Optronics Corp.
· LG Display Co., Ltd.
· Japan Display Inc.
· General Digital Corporation
· SAMSUNG
