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LED and OLED Display Market Research Report Information By Type (Passive Matrix OLED (PMOLED), Active Matrix OLED (AMOLED), Organic LED (OLED), Inorganic OLED, and High Brightness LED), By Display Type (Flexible Display, Flat Panel Display, and Transparent Panel Display), By Display Size (Upto 20", 20"-50", and 50" and Above), By End User (Commercial, Automotive, Consumer Electronics, Healthcare, Enterprise, Education, Media & Entertainment, Industrial, & Others), and By Region – Industry Size, Share and Forecast Till 2032


ID: MRFR/SEM/0590-HCR | 110 Pages | Author: Aarti Dhapte| April 2024

Global LED and OLED Display Market Overview:


LED and OLED Display Market Size was valued at USD 18.5 Billion in 2022. The LED and OLED Display market End User is projected to grow from USD 22.9 Billion in 2023 to USD 128.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.00% during the forecast period (2023 - 2032). OLED technology is developing quickly, and there have been increases in cell phones and LED TVs as well as population growth and discretionary spending by consumers, are the key market drivers enhancing the market growth.


 LED OLED Display Market


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


LED and OLED Display Market Trends




  • 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.


LED and OLED Display Market Segment Insights:


LED and OLED Display Type Insights


The LED and OLED Display Market segmentation, based on Type, includes Passive Matrix OLED (PMOLED), Active Matrix OLED (AMOLED), Organic LED (OLED), Inorganic OLED, and High Brightness LED. Active matrix OLED (AMOLED) segment dominated the global market in 2022. Since the OLED screen is emissive and doesn't require any additional lighting, it outperforms the flat panel displays that are typically used in smartphones. Due to improved qualities including thinness and brightness, mobile manufacturers are implementing AMOLED panels into their products more frequently, which is expected to hasten market growth.


LED and OLED Display: Display Type Insights


The LED and OLED Display Market segmentation, based on display type, includes flexible display, flat panel display, and transparent panel display. Flat panel display segment dominated the LED and OLED Display Market in 2022. Governments from all over the world are investing in OLED lighting research, there is a huge demand for better viewing experiences, particularly among smartphone and television users, and the market for AMOLED displays for use in AR/VR headset applications is booming.


LED and OLED Display: Display Size Insights


The LED and OLED Display Market segmentation, based on display size, includes upto 20", 20"-50", and 50" and above. 20”-50” segment dominated the LED and OLED Display Market in 2022. This is explained by the increased disposable income in emerging and developing nations.


Figure 1: LED and OLED Display Market, by Display Size, 2022 & 2032 (USD Billion)


LED and OLED Display Market, by Display Size, 2022 & 2032


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


LED and OLED Display End User Insights


The LED and OLED Display Market segmentation, based on end user, includes commercial, automotive, consumer electronics, healthcare, enterprise, education, media & entertainment, industrial, and others. Consumer electronics segment dominated the global market in 2022. The rising global demand for consumer gadgets can be held responsible for this.


LED and OLED Display Regional Insights


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)


LED and OLED Display Market SHARE BY REGION 2022


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.


LED and OLED Display Key Market Players & Competitive Insights


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.


Key Companies in the LED and OLED Display market include




  • Samsung Display Co. Ltd




  • LG Display Co. Ltd




  • Sony Corporation.




  • Raystar Optronics Inc.




  • Pioneer Corporation Nokia




  • Panasonic Corporation




  • Mouser Electronics




  • 4D Systems




  • Raystar




  • Digilent




LED and OLED Display Industry Developments


August 2019: 17.3-inch OLED display with 120 Hz refresh rate, 12.1-inch full colour TFT powered Micro LED car display, 5.6-inch AMOLED display, and optical in cell fingerprint LTPS LCD were all introduced by AU Optronics.


LED and OLED Display Market Segmentation:


LED and OLED Display Type Outlook




  • Passive Matrix OLED (PMOLED)




  • Active Matrix OLED (AMOLED)




  • Organic LED (OLED)




  • Inorganic OLED




  • High Brightness LED




LED and OLED Display: Display Type Outlook




  • Flexible Display




  • Flat Panel Display




  • Transparent Panel Display




LED and OLED Display: Display Size Outlook




  • Upto 20"




  • 20"-50"




  • 50" and Above




LED and OLED Display End User Outlook




  • Commercial




  • Automotive




  • Consumer Electronics




  • Healthcare




  • Enterprise




  • Education




  • Media & Entertainment




  • Industrial




  • Others




LED and OLED Display Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




Report Attribute/Metric Details
Market Size 2022 USD 18.5 Billion
Market Size 2023 USD 22.9 Billion
Market Size 2032 USD 128.2 Billion
Compound Annual Growth Rate (CAGR) 24.00% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Display Type, Display Size, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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
Key Market Opportunities Increase in government initiatives towards OLED adoption
Key Market Dynamics Rapid advances in OLED technology, the expansion in cell phones and LED TVs, an increment in the populace, and an ascent in shoppers' discretionary cashflow


Frequently Asked Questions (FAQ) :

The LED and OLED Display Market size was valued at USD 18.5 Billion in 2022.

The global market is projected to grow at a CAGR of 24.00% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are 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

The Organic LED (OLED) Type dominated the market in 2022.

The Flat Panel Display, Display Type had the largest share in the global market.

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