Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

LED OLED Display Market Trends

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

Global LED and OLED Display Market Overview:

LED and OLED Display Market Size was valued at USD 22.9 Billion in 2023. The LED and OLED Display market End User is projected to grow from USD 28.396 Billion in 2024 to USD 128.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.73% during the forecast period (2024 - 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 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

January 2024: In preparation for the Consumer Electronics Show (CES) 2024, Samsung Electronics has just released its most recent QLED, MICRO LED, OLED, and Lifestyle display lineups. The launch of a next-generation artificial intelligence processor that is ready to revolutionize the notion of smart display capabilities was another function of the announcement, which helped to start off the age of artificial intelligence screens. In addition to bringing about improvements in image and sound quality, the new lines offer customers features that are driven by artificial intelligence and are protected by Samsung Knox. These features are centered on motivating and enabling individuals to live their own lives.

It is no longer sufficient to just provide high-quality visual experiences now that we are living in an age that is characterized by hyperconnectivity. The President and Head of Visual Display Business of Samsung Electronics, SW Yong, said that displays should improve our lives in both ways, both on and off the screen where they are shown. "Samsung's artificial intelligence displays, which are driven by on-device artificial intelligence technology, are intended to serve as the focal point of customers' homes. They link all associated gadgets in order to provide consumers with a lifestyle that is more adaptable and varied.

The newest Neo QLED 8K and 4K televisions from Samsung provide the whole package, which includes image quality that is as realistic as possible, superior audio technology, and a wide variety of applications and services. The 2024 Neo QLED 8K is equipped with Samsung's most cutting-edge and cutting-edge TV processor to date, which is the NQ8 AI Gen3 processor. This processor has a neural processing unit (NPU) that is twice as fast as the one that was used in the previous model. Additionally, the number of neural networks has expanded by a factor of eight, going from 64 to 512, which enables everything on the screen to be portrayed in clear and precise detail. The 2024 series is loaded with performance enhancements that have never been seen before that are made possible by this cutting-edge technology.

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

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.