LED and OLED Display Market  Research Report- Global Forecast to 2027

LED & OLED Display Market, Type (PMOLED, AMOLED, OLED), Display type (Flexible, Flat Panel, Transparent Panel), Display size (Up to 20‚ÄĚ, 20‚ÄĚ-50‚ÄĚ, 50‚ÄĚ Above), End User (Consumer Electronics, Industrial, Automotive, Healthcare) - Forecast till 2027

ID: MRFR/SEM/0590-HCR | 110 Pages | Published By Aarti Dhapte on March 2023         

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LED & OLED Display Market

LED and OLED display market can touch a tremendous valuation of 121 billion at a CAGR of 24% over the conjecture period (2017- 2023).

By Display Type Flexible Flat Panel Transparent Panel
By Display Size Up to 20” 20”-50” 50”
By End User Consumer Electronics Industrial Automotive Healthcare
Key Players
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    Digilent
Market Driving Forces   Expansion in cell phones and LED TVs    Increment in the populace    Expanding selection of wearable devices
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LED OLED Display Market Overview

In addition, the LED OLED display market has been projected to drive at a CAGR of 24% with a value of USD 121 billion over the estimated forecasting year of 2020-2027.

The OLED, also known as the organic light-emitting diode, is a flat light-emitting diode technology developed by placing thin organic films between two conductors. OLED is one of the most promising displays and lighting technologies that can offer power efficiency lighting and is superior to fluorescent tubes and incandescent bulbs. The OLED technology helps the end-user create flexible display and lighting panels.

The OLED continues to be a significant display technology trend, with larger screen sizes that improved 8K resolutions and relatively new form factors. Due to the multiple benefits of viewing angles and black levels. OLED televisions are surging in demand in several regions. According to the ICDM, in qualifying a TV resolution, contrast modulation is more critical than pure pixel count, and OLED TV displays cater to this specific demand. According to the market diffusion models, the flexible OLED is anticipated to observe the high market penetration in the foreseen period. With the maturity of smartphones in several significant markets like China, smartphone manufacturers are developing new foldable phone models that incorporate flexible OLEDs. They have a massive potential for growth over the next few years.

COVID 19 Analysis

The lockdown following the COVID-19 episode has prompted a financial emergency that has hit different businesses. While numerous business areas have borne the pandemic's brunt, the semiconductor business has been the most affected. Post the SARS-CoV-2 flare-up; various organizations were confronted with intense choices regarding account and cost-slicing measures to guarantee continuous progression of activities. 

The lockdown circumstance has been the transient effect that the novel Covid, influencing the assembling areas and bringing about a falling interest among buyer gadgets suppliers. The feeble part has had a domino impact through the semiconductor business, with the drop in the costs. The COVID-19 episode and the resultant lockdown have prompted the closing down of activities, just as the internet business and retail locations, making the stock chains frail and creating a giant hole among the organic market.

Market Dynamics

  • Drivers

The primary consideration driving the development of LED and OLED display market analysis and Materials Market size is the expansion in cell phones and LED TVs, an increment in the populace, and an ascent in shoppers' discretionary cashflow. Another significant driver for the global LED and OLED lighting market is expanding selection of wearable devices. OLED shows discover significant applications in keen gadgets and wearable contraptions. Different highlights of OLED shows, like ease, high strength, straightforwardness offered, and adaptability, comprise the primary considerations. They will build the appropriation of OLED shows and fundamentally add to the OLED show market's development during the gauge time frame.

  • Opportunities

LED and OLED display market growth is required to present helpful development openings for market players. OLEDs offer adaptability, straightforwardness, and surface light source. Central members on the lookout and new businesses offer LED and OLED items, which like this, are relied upon to present superb development openings for them. Besides, expansion of LED lighting items is expanding; however, its overall industry is not as much as the fuel-based lighting framework. This offers incredible freedom for LED lighting items makes.

  • Restraints

The significant expense related to LED and OLED display market share has moved buyer inclination towards LCDs. Even though LED and OLED display market outlook shows offer prevalent execution, buyers pick LCD because of its agreeable exhibition at a lower cost. This, thus, is required to limit the development of Africa LED and OLED shows and lighting items market during the conjecture time frame. Also, the absence of mindfulness concerning the advantages of present-day lighting arrangements among shoppers is relied upon to prevent market development over the gauge time frame.

  • Challenges

One of the significant difficulties for the OLED display market is gadget disappointment when presented to coordinate daylight. Nonetheless, merchants are persistently centered on acquiring enhancements OLED shows and are relied upon before conquering this test.

  • Cumulative Growth Analysis

APAC is required to observe the most elevated CAGR during the gauge time frame. Developing many display board-producing plants and the practical reception of the global LED, and OLED display market is instrumental in developing the market in the area. The expense of work is low in APAC, which decreases the general assembling expenses of show boards. This has pulled in different organizations to set up their new OLED and LCD board fabricating plants in this locale.

Value Chain Analysis

LED AND OLED display market industry lightings are utilized in business spaces like workplaces, emergency clinics, retail shops, shopping centers, and cafés, among others. A decrease in energy utilization has gotten an important goal for building proprietors, governments, utilities, and partners. Supplanting existing lights with intense state lighting or other energy-effective lighting is one way to decrease the enormous pool of energy use. 

As indicated by the US (EIA) Energy Information Administration discoveries, the lighting control arrangements dependent on various innovations have been demonstrated to decrease lighting energy utilization in business structures by up to 70%. Factors like expense, intricacy, and pertinence have confined the utilization of these arrangements before. 

Segment Overview

  • By Product Types

According to product types, the market is segmented into Smartphones, Automotive Displays, Smart Wearables (AR HMD, VR HMD, Smartwatch), tablets, digital signage/large format displays, PC monitors & laptops, Television sets, and others. 

  • By Technology

The LED and OLED Display Market is segmented into various parts based on OLED, LCD, Direct-view LED, Micro-LED and others. 

  • By Panel Size

As per the panel size, the LED and OLED Display Market Size segmented into different segments such as Small and Medium-sized Panels, Large Panels, Microdisplays. 

Regional Analysis

Europe and North America are required to hold a significant piece of the pie in the Organic LED market because of the high selection of clever gadgets and trend-setting innovations. APEJ is required to develop at a critical development rate during the conjecture time frame because of the unusual move in non-industrial nations' economies and expanding selection of wearable gadgets. Merchants are likewise exceptionally centered around taking advantage of the developing business sectors of APEJ.

Competitive Landscape

The OLED panel market is entirely fragmented and competitive because many players conduct business on a national and an international scale. Also, panel manufacturers invest in alternative technologies for various players, which is showcasing an intense rivalry among the players. 

The Major Players in the Market 

  • Samsung Display Co. Ltd,¬†

  • LG Display Co. Ltd¬†

  • Sony Corporation.¬†

  • Raystar Optronics Inc.

  • Pioneer Corporation

  • Nokia

  • Panasonic Corporation¬†

  • Mouser Electronics

  • 4D Systems

  • Raystar

  • Digilent and others

Central members in the LED and OLED display market are appropriation development techniques like consolidations and acquisitions to acquire a serious edge on the lookout. For example, in July 2016, OSRAM GmbH procured Novità Technologies, a maker of electronic control frameworks for auto lighting applications, to extend its claim to the US market's fame lighting business. The organization is included different development techniques like limit extension, all together improve its market presence.

Recent Developments


In 2020, 476 million smartphone OLEDs were initially estimated to be shipped from Korea and 128 million from China, which would double China’s total from last year. Furthermore, the coronavirus outbreak causes a short-term setback for Chinese smartphone OLED makers.

However, with the electronic manufacturing services and original design manufacturing companies facing challenges regarding the lower number of workers returning, the market is expected to witness severe challenges in the second quarter and third quarter of 2020.

Report Overview

The report aggregates direct data, subjective and quantitative appraisal by industry examiners, just as contributions from industry specialists and industry members across the worth chain. According to sections, the report gives an inside and out investigation of parent market patterns, large-scale financial pointers, and overseeing factors alongside market appeal. The report likewise maps the subjective effect of different market factors on market portions and topographies.

OLED (organic light-emanating diodes) is a level light-radiating innovation made by setting a progression of natural slender movies between two conductors. The cell phone show applications are the most unique among different applications. Board producers are, as of now, showing their OLED boards for organizations wandering into foldable telephones and PCs, like Samsung, Lenovo, and Intel (PCs). The investigation manages the market patterns, development, and assessed quantities of the OLED display market. The LED and OLED display market report are divided by type (adaptable, inflexible, and straightforward) and topography, covering North America, Europe, Asia-Pacific, and the Rest of the World.

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 121 Billion
  CAGR   24%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Display Type, Display Size and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Samsung Display Co. Ltd, LG Display Co. Ltd, Sony Corporation, Raystar Optronics Inc., Pioneer Corporation, Nokia, Panasonic Corporation, Mouser Electronics, 4D Systems, Raystar, Digilent and others
  Key Market Opportunities

  • LED and OLED display market growth is required to present helpful development openings for market players
  • Expansion of LED lighting items
  •   Key Market Drivers

  • Expansion in cell phones and LED TVs
  • Increment in the populace
  • Expanding selection of wearable devices

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    Frequently Asked Questions (FAQ) :

    The global LED & OLED display market is anticipated to account for a significant revenue generation of USD 121 billion by 2024, expanding at a considerable CAGR of 10% over the review period (2017-2023).

    The major market players operating in the global LED & OLED display market include LG Electronics Inc. (South Korea), OSRAM GmbH (Germany), Corning (U.S.), Samsung Electronics Co. Ltd. (South Korea), Philips Electronics (Netherlands), Panasonic Corporation (Japan), Sony Corporation (Japan), Microchip Technologies (U.S.), and Universal Display Corporation (U.S.).

    The global LED & OLED display market segmentation is conducted based on type, display type, display size, and end-users.

    The regional analysis of the global LED & OLED display market is conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (covering the Middle East and Africa, and Latin America).

    The North American region in the global LED & OLED display market is poised to lead the market share over the review period, while the report projects the fastest growth in the Asia Pacific.