Global Oled Panel Market is Expected to Show a Brisk Growth during the Forecast Period

envision
envision
The report "Global OLED Panel Market”: Segmentation By Application(Display And Lighting), By Panel Size (Small, Medium And Large), By Type (Pmoled Display, Amoled Displays, Traditional Lightening And Flexible Lightening), By Form (Flat Oled Panel And Flexible Oled Panel), By Product (Digital Signage, Wearables,Television, Automotive, Smart Phones And Watches And Others), By Geography (Asia Pacific, North America, Europe, Middle East And Africa, South America) - Forecast And Estimation (2018-2024). The Global OLED Market was marked at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. Get your free sample report at:https://www.envisioninteligence.com/industry-report/oled-panel-market/ An organic light-emitting diode is a light emitting diode (OLED) in which the emissive electroluminescent layer is a film of organic compound that emits light in response to an electric current. On the basis of application, the market is segmented in to display and lighting and the OLED displays are used in smart phones, smart watches, and some others. The major factors that are boosting the use of OLED displays in gadgets include the benefits offered by these displays such as energy-efficiency, sunlight readability, and easier recycling process than LCDs.The lighting segment is anticipated to grow with the highest CAGR during 2018-2024. On the basis of type, AMOLED displays have great contrast, as the light on the screen comes from each individual pixel rather than a backlight. When it needs to create a black color, it simply dims or turns off the relevant pixels, for a true, deep black, which consumes less power and the growth of the market for AMOLED technology-based display panels between 2017 and 2023 can be attributed to the increasing adoption in smartphones, smart watches, and TVs. Samsung is producing rigid and flexible display panels for smartphones, whereas LG is producing rigid and flexible display panels for TV and signage applications. On the basis of form, flat OLED panels is anticipated to have the largest OLED panel market share owing to the increasing usage of smart phones since these panels are fabricated on a metal or glass substrate. The flexible displays are anticipated to grow at a higher CAGR during the forecast period. The Asia-Pacific has the largest market share in terms of display panels owing to the presence of a large number of manufacturers around the region. The increasing share of APAC region is mainly due to the presence of key manufacturers in the region including Samsung, LG, Japan Display, AU OPTRONICS and Sharp Corporation. European government organizations are funding investments in order to carry out research on Organic Light Emitting Diodes. The United States also announced new solid-state lightning projects related to the light emitting diodes which propel the growth of the market. LG Display co., LTD, Samsung Electronics co., LTD, AU OPTRONICS CORP and some others are the major key players for the global OLED market. Follow us on LinkedIn to get more market updates