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The global LED and OLED display market is expected to reach $121 billion in 2023
Oct 25, 2018

LED (LED) is a unique type of p-n junction diode that can emit incoherent light by injecting electroluminescence.Because of its cheap, rugged and durable properties, leds are ideal for local fiber networks.Also the first choice of LCD backlight.

OLED (organic light-emitting diode) is made by placing electroluminescent organic material (PPV) films between two conductors (one of which is transparent) with different power functions.OLED can be used for large-area and small-area flat flexible self-light displays in consumer electronics.

According to the type of organic materials, OLED is divided into small molecule OLED (SMOLED) devices and organic polymer device OLED (polymer).OLED displays have higher efficiency and lighter weight, making them comparable to LCD performance.

In addition, OLED displays can be used as transparent screens, which in turn can be used as window screens and computer screens.These displays can also be embedded in car windscreens for navigation while driving.

Market development factors include the growing popularity of leds in the commercial and residential sectors, the growing demand for flexible display products in the industry, and the implementation of government regulations such as mandatory implementation of OLED and LED lighting in public places.However, a lack of technical resources and complex manufacturing processes has hampered the rapid growth of the LED and OLED display markets.

Market segmentation

LED and OLED display markets can be roughly divided by category, display type, display size, and end users.

By category, the market can be divided into passive matrix OLED (PMOLED), active matrix OLED (AMOLED), organic LED (OLED), inorganic OLED, and high-brightness LED.

According to the display type, the market can be divided into flexible display, flat panel display and transparent panel display

According to the display size, the market can be divided into 20 inches, 20 inches to 50 inches and above.

According to end users, the market can be divided into business, automobile, consumer electronics, health care, enterprise, education, media and entertainment, industry, etc.

Regional analysis

The global LED and OLED display market is expected to achieve extremely rapid growth in the forecast period from 2017 to 2023.Geographic analysis of the LED and OLED display markets is conducted for North America, Europe, the asia-pacific region and the rest of the world.Due to the high acceptability of LED and OLED displays in consumer electronics products, the north American market is expected to take the main share of LED and OLED display markets in the forecast period.Existing market participants and a growing technological base are also driving the expansion of the north American market.

In addition, the rapid adoption of LED and OLED displays in countries and regions, including China's mainland and Taiwan, is expected to boost market share in the asia-pacific region.

Global LED and OLED display market ($1 billion)