LED OLED Display Market

Rapid advances in OLED technology is driving the market growth

OLEDs have attracted a lot of attention from the scientific and business communities throughout the years. A vast variety of OLEDs have reached the market, focusing largely on passive and active matrix solutions and finding applications in many different industries. The development of white OLEDs with a long shelf life of more than 15,000 hours at a brightness level of 1,000 cd/m2 is the main area of research in the OLED market. Additionally, bendable, lightweight, indestructible electronics are now possible thanks to the development of flexible OLEDs with improved portability.

OLED displays, which use organic materials to emit light, do not need the backlighting or filtering devices typically seen in LCD displays.

OLEDs are anticipated to take the place of LCDs in the majority of applications over the course of the next ten years, including small displays for smartwatches and large displays for televisions. Compared to LCDs, OLED displays offer a simpler recycling process and are sunlight-readable. OLED displays feature excellent contrast because each pixel on the screen produces its own light, rather than using a backlight. When contrast is needed, the display simply dims or shuts off the necessary pixels for a real, deep black colour while using less electricity.

OLED displays are widely used in a variety of applications because of its high brightness, low power consumption, and higher contrast ratio.

Lighting accounts for roughly 15% of all energy usage worldwide. Additionally, lighting is responsible for about 5% of global carbon emissions. The United Nations Environment Programme (UNEP) has provided some guidance on energy-efficient lighting options in order to reduce carbon emissions. The demand for OLED-based lighting is expected to rise dramatically over the next two decades as a result of the rapid urbanisation and economic growth taking place in Europe and the Middle East.

Thus, it is projected that the global OLED lighting market would expand in the approaching years as a result of the requirement for more LED-based lighting to achieve effective cost and energy savings.

OLED products are utilised in numerous end-use settings. The sector is growing as a result of rising smartphone usage and skyrocketing consumer demand for improved handsets. Due to their excellent activation speed, active-matrix OLED (AMOLED) panels are being used on more smartphones and tablets. Furthermore, they consume significantly less power than LCD, which is another reason they are advised for broad use in smartphones. The industry's growth is also being aided by the rising popularity of various wearable technology devices like smartwatches and fitness bands. The market is expanding due to rising demand for automated and bright-screen displays.

Thus, driving the LED and OLED Display market revenue.

The Global LED and OLED Display Market Industry is poised for remarkable growth, with projections indicating a market value of 28.4 USD Billion in 2024 and an anticipated increase to 225.6 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 20.73% from 2025 to 2035, reflecting the increasing adoption of LED and OLED technologies across various sectors. The market's expansion is driven by factors such as technological advancements, rising demand for energy-efficient solutions, and the proliferation of smart devices. These dynamics indicate a robust future for the display market, as it adapts to changing consumer needs and technological innovations.

The proliferation of smart devices is a notable factor influencing the Global LED and OLED Display Market Industry. As smartphones, tablets, and smart TVs become increasingly integrated into daily life, the demand for high-quality displays continues to rise. OLED displays, in particular, are favored for their vibrant colors and deep blacks, enhancing the user experience. This trend is further supported by the growing Internet of Things (IoT) ecosystem, which necessitates advanced display technologies. The market's growth trajectory is underscored by a projected compound annual growth rate (CAGR) of 20.73% from 2025 to 2035, indicating robust future demand.

The Global LED and OLED Display Market Industry is experiencing rapid technological advancements, which are driving the adoption of these displays across various sectors. Innovations such as improved energy efficiency, enhanced color accuracy, and thinner designs are making LED and OLED displays more appealing to consumers and businesses alike. For instance, advancements in OLED technology have led to displays that offer superior contrast ratios and faster response times, which are particularly beneficial in high-definition applications. As a result, the market is projected to reach 28.4 USD Billion in 2024, reflecting the growing demand for cutting-edge display technologies.

The entertainment and gaming industry is a powerful driver of the Global LED and OLED Display Market Industry. As consumer preferences shift towards high-definition content and immersive experiences, the demand for superior display technologies is escalating. OLED displays, with their ability to deliver exceptional picture quality and fast refresh rates, are particularly sought after in gaming applications. The rise of esports and streaming services further fuels this demand, as consumers seek the best visual experiences. This trend is expected to contribute significantly to market growth, as the industry adapts to evolving consumer expectations and technological advancements.

The automotive sector is emerging as a significant contributor to the Global LED and OLED Display Market Industry. With the rise of electric vehicles and advanced driver-assistance systems, there is a growing need for high-quality displays that provide critical information to drivers. OLED displays are particularly advantageous in automotive applications due to their flexibility and ability to create immersive user interfaces. As automotive manufacturers increasingly adopt these technologies, the market is poised for growth. This trend is likely to be a key driver in the coming years, as the automotive industry continues to innovate and integrate advanced display solutions.

In the context of the Global LED and OLED Display Market Industry, the increasing emphasis on energy efficiency is a significant driver. Governments and organizations worldwide are prioritizing sustainability, leading to a shift towards energy-efficient display technologies. LED and OLED displays consume considerably less power compared to traditional display technologies, which aligns with global energy conservation goals. This trend is evident in various sectors, including commercial, residential, and automotive applications. Consequently, the market is expected to witness substantial growth, with projections indicating a value of 225.6 USD Billion by 2035, driven by the demand for sustainable solutions.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America LED and OLED Display Market dominated this market in 2022 (45.80%). This is a result of the market's rising demand for TV display panels, as well as the use of OLED displays in smartphones, digital signs, and the automotive industry. Further, the U.S. LED and OLED Display market held the largest market share, and the Canada LED and OLED Display market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: LED and OLED Display Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe LED and OLED Display market accounted for the healthy market share in 2022. The majority of luxury automobile manufacturers install high-quality OLED displays in HUDs, instrument clusters, and central stack displays because the region is known for producing some of the industry's top luxury vehicles. Further, the German LED and OLED Display market held the largest market share, and the U.K LED and OLED Display market was the fastest growing market in the European region.

The Asia Pacific LED and OLED Display market is expected to register significant growth from 2023 to 2032. This can be attributable to the fact that several important vendors, like LG and Samsung, have manufacturing operations in the area. The region is also home to companies that manufacture TVs, TV sets, and other products. Samsung Electronics, a major OLED display manufacturer, has its headquarters in South Korea. Moreover, China’s LED and OLED Display market held the largest market share, and the Indian LED and OLED Display market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the LED and OLED Display market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, LED and OLED Display Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global LED and OLED Display Industry to benefit clients and increase the market sector. In recent years, the LED and OLED Display Industry has offered some of the most significant advantages to medicine. Major players in the LED and OLED Display market, including Samsung Display Co. Ltd, LG Display Co. Ltd, Sony Corporation, Raystar Optronics Inc., Pioneer Corporation Nokia, Panasonic Corporation, Mouser Electronics, 4D Systems, Raystar, and Digilent, are attempting to increase market demand by investing in research and development operations.

Formerly known as CenturyLink Inc., Lumen Technologies Inc. (Lumen Technologies) is a provider of managed services, cloud computing, network services, and communications. Local and long-distance, broadband, private line, managed hosting, data integration, ethernet, network access, video, wireless, voice, and other services are provided by the company. Additionally, it offers expert services and other support services. Federal, state, local, and business clients are all served. Through inbound call centres, direct sales reps, telemarketing, and third parties, such as merchants, door-to-door salespeople, satellite television providers, and digital marketing companies, the corporation offers its products.

Africa, the Middle East, Asia-Pacific, and North America are all regions in which the organisation conducts business. Monroe, Louisiana, in the US, is home to Lumen Technologies' main office. OLEDWorks and Lumenique LLC formed a partnership in November 2020. Lumenique, a manufacturer of illuminated art, rises to the top in the development of OLED lighting as a result of this relationship. The company will offer amazing portable illumination thanks to the newest OLED lighting panels.

Consumer electronics, information technology, mobile communications, and device solutions are all produced by Samsung Electronics Co. Ltd. (Samsung), a division of the Samsung Group. Televisions (TV), refrigerators, washing machines, air conditioners, medical equipment, printers, monitors, computers, network systems, and digital cameras are among the company's product offerings. In August 2019, Samsung Electronics announced that it had scaled back LCD production in preparation for a significant investment in quantum dot OLED panels, also known as (QD) OLED displays, which combine OLED and quantum dot technology.