Global OLED Market Size, Growth, Trends, Industry Analysis and Forecast 2020

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Global OLED Market Size, Share, Global Insights, Analysis and
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Technavio Announces the Publication of its Research Report – Global OLED Market 2016-2020
Technavio recognizes the following companies as the key players in the global OLED market: LG, Samsung,
Konica Minolta, and Osram.
Other Prominent Vendors in the market are: Ason, AU Optronics, BOE, CSOT, First-o-lite, Futaba,
Lumiotec, NEC lighting, Nippon Seiki, OLEDWorks, Panasonic, Pioneer, RiTDisplay, Tohoku Pioneer,
Toshiba, Universal Display, and Visionox Display.
Commenting on the report, an analyst from Technavio’ s team said: “Shift toward unique display and
lighting designs will be a major trend for this market. In the display and lighting segments, vendors are
offering designs such as curved OLED displays placed on non-flat surfaces, transparent OLEDs embedded
in windows, and OLEDs in car windshields. In 2014, OSRAM developed a transparent lighting panel, also
known as transparent windows. In the daytime, these windows will allow sunlight through them, and
during the night, they will provide light. This product is known as Orbeos.
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According to the report, one driver spurring market growth is the advent of superior display quality with
low power consumption. OLED display panels are increasingly being adopted in smartphones, tablets, and
TVs because of their good display quality compared to LCD displays. OLED displays are made up of thin
films of organic molecules deposited with electroluminescent substances, which create light with the
application of electricity. Therefore, the absence of a backlight makes OLEDs thinner than LCDs and also
reduces power consumption.
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Further, the report states that one challenge affecting this market’ s growth potential is the high
production cost of AMOLEDs. The manufacturing cost of AMOLED TV panels is high compared to that of
LCDs of similar size. OLED display panels face the challenge of scaling to larger sizes. As of 2015, Gen 4.5
fabs are the largest AMOLED production lines and can process 730 mm x 920 mm glass sheets. However,
the OLED size constraint results from the different backplane production technology. Unlike the
mainstream amorphous silicon TFT LCDs, OLEDs use LTPS backplanes. These require more processing than
amorphous silicon does. The manufacturer has to set up a line that can process an LTPS LCD and then put
in additional equipment that deposits the OLED material and then processes the OLED part of the display.
The study was conducted using an objective combination of primary and secondary information including
inputs from key participants in the industry. The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors.
About the OLED Market
OLED panels are made of organic (carbon-based) materials that emit light when electricity is supplied
through them. OLEDs are more efficient, simpler to make, and much thinner than LCD displays, as they do
not require a backlight and filters. OLEDs provide good picture quality with brilliant colors, a fast response
rate, and a wide viewing angle compared to other display technologies. OLEDs are also used for lighting.
OLED
lighting
panels
are
thin,
efficient,
and
flat
surface
structures.
The basic structure of an OLED consists of a cathode that injects electrons, an emissive layer, and an
anode, which removes electrons. These lighting panels use flat surfaces, which allow an even distribution
of light over a wider space. OLEDs work in a similar way to traditional diodes and LEDs, but instead of
using n-type and p-type semiconductor layers, they use an organic substance to produce their electrons
and holes.
Technavio’ s analysts forecast the global OLED market to grow at a CAGR of 14.7% during the period 20162020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global OLED market for 20162020. To calculate the market size, Technavio considers the revenue generated from the sales of OLED
displays and lighting panels in the display panel and lighting panel. The report does not consider the
contribution of OLED materials while calculating the market size.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
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Technavio's report, Global OLED market 2016-2020, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the key vendors operating in
this market.
Key vendors
• LG
• Samsung
• Konica Minolta
• Osram
Other prominent vendors
• Ason
• AU Optronics
• BOE
• CSOT
• First-o-lite
• Futaba
• Lumiotec
• NEC lighting
• Nippon Seiki
• OLEDWorks
• Panasonic
• Pioneer
• RiTDisplay
• Tohoku Pioneer
• Toshiba
• Universal Display
• Visionox Display
Market driver
• Superior display quality with low power consumption
• For a full, detailed list, view our report
Market challenge
• High production cost of AMOLEDs
• For a full, detailed list, view our report
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Market trend
• Shift toward unique display and lighting designs
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Market Reports Center
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According to the report, one driver spurring market growth is the advent of superior display quality with low power consumption. OLED display panels are increasingly being adopted in smartphones, tablets, and TVs because of their good display quality compared to LCD displays.