Organic LED Market Dynamics, Future Trends, Market Growth, Regional Overview and Size Estimation By 2030 – Queen Anne and Mangolia News – Queen Anne and Mangolia News

The Market Statsville Group (MSGpublishes the new report on the Organic LED Market by Product Type (Display and Lighting), by Technology (PassiveMatrix OLED (PMOLED), ActiveMatrix OLED, Transparent OLED, Foldable OLED, TopEmitting OLED, and White OLED), by EndUsers (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others), by Region – Global Share and Forecast to 2027The global organic LED market size is expected to grow from USD 51,474.1 million in 2020 to USD 203,069.9 million by 2027, at a CAGR of 21.7during the forecast periodOLEDs are now gaining ground in terms of their applications in mobile appliancesOLEDs are LED applications expected to witness a surge in the coming yearsBacklighting applications revenue may decrease during the forecast period in terms of percentage increase in other sectors due to falling pricesHowever, it is one of the major application areas for OLEDsNewer backlighting applications are anticipated to emerge in the coming years, further boosting the growth of the OLED marketLarge screen TVs and laptops are primary devices that implement LED as backlightingIt has been quite some time since OLEDs were used as a backlight for mobile devices such as cellular phones, media devices, cameras, etcThe market sees growth in demand from large screen devices such as Large screen TVs and laptops.
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The organic LED market has been segmented into product type, technology, endusers, and region.
PMOLED, by technology, is estimated to hold the largest market share during the forecast period
The global organic LED market is analyzed based on technology as PMOLED, AMOLED, transparent OLED, topemitting OLED, foldable OLED, and white OLEPMOLED has the largest market revenue and accounted for the 21.6of the market share in 2020Passivematrix OLEDs (PMOLEDhave cathode strips, organic layers, and anode stripsPMOLED controls more power than other OLEDsThis is because PMOLED needs more power for external circuitryPMOLEDs are more efficient for text and icons and are best suited for small screens such as smartphonesPMOLED offers good visibility and a wide viewing angle from a considerable distanceMoreover, PMOLED devices offer high contrast, high color saturation, and low heat generation.
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The rise in the application of PMOLED displays in smartwatches, music players, automobiles, digital healthcare devices, and others majorly drives the growth of the PMOLED segmentHence, an increase in demand for smartwatches, fitness trackers, and mobile healthcare devices would directly boost the growth of the PMOLED display segment in the future.
North America accounts for the largest market share in the organic LED market in 2020
By region, the global organic LED market is analyzed across North America, AsiaPacific, Europe, South America, and the Middle East & AfricaIn 2020, North America was the highest market contributor to the market and had accounted for the 37.9of the market shareThe organic lightemitting diode is used in various digital displays and lighting solutions in this regionNorth America comprises developed countries such as the U.Sand CanadaThese countries have already discontinued their usage of incandescent lampsThese lamps are phasing out owing to the emergence of more energyefficient light sources such as lightemitting diodes (LEDand organic lightemitting diodes (OLED).
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OLEDs are predominantly used to display mobile screens, televisions, and wearables in the current business scenarioManufacturers in the region are developing competitive highperformance manufacturing products that focus on environmental factors and meet industry standardsAn increase in demand for ecofriendly displays and lighting solutions is one of the major factors driving the growth of the OLED market in the North America regionOLED displays are widely used in televisions and smartphones for highquality screen displays by the enhanced picture qualityThe rise in electricity consumption in this region also drives the growth of the OLED lighting market in North AmericaIncreased application of OLEDs in commercial, automobiles, and displays would supplement the growth of the OLED market in North America.
This research report covers an examination of the major firms’ development and marketing tactics and an examination of their product portfolios and winning methods in the organic LED marketThe prominent firms represented are OSRAM, Samsung Electronics, Philips, LG Electronics, AU Optronics, GE Lighting, Eaton, CREE, Panasonic Corporation, and Dialight PLCThese market competitors have concentrated on acquisitions and growth to achieve a greater market share in the organic LED industry.
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About Market Statsville Group
Market Statsville Group (MSGis a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USAMSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every needMSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insightsMSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impactFurthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planningIt helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 highgrowth potentials markets, 5,000 data sets, and more than 12,000 company profiles.