The Market Statsville Group (MSGpublishes the new report on the "Organic LED Market by Product Type (Display and Lighting), by Technology (Passive-Matrix OLED (PMOLED), Active-Matrix OLED, Transparent OLED, Foldable OLED, Top-Emitting OLED, and White OLED), by End-Users (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others), by Region – Global Share and Forecast to 2027"The 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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Global Organic LED Market Segmentation

The organic LED market has been segmented into product type, technology, end-users, and region.

  • By Product Type (Display and Lighting)
  • By Technology (Passive-Matrix OLED (PMOLED), Active-Matrix OLED, Transparent OLED, Foldable OLED, Top-Emitting OLED, and White OLED
  • By End-Users (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others)
  • By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

PMOLED, by technology, is estimated to hold the largest market share during the forecast period

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The global organic LED market is analyzed based on technology as PMOLED, AMOLED, transparent OLED, top-emitting OLED, foldable OLED, and white OLEPMOLED has the largest market revenue and accounted for the 21.6of the market share in 2020Passive-matrix 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.

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, Asia-Pacific, 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 light-emitting 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 energy-efficient light sources such as light-emitting diodes (LEDand organic light-emitting 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 high-performance manufacturing products that focus on environmental factors and meet industry standardsAn increase in demand for eco-friendly 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 high-quality 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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