The Asia Pacific Organic LED Market would witness market growth of 16.2% CAGR during the forecast period (2020-2026). Active Matrix OLED and Passive Matrix OLED are two technologies involved in OLED technologies.
As PMOLEDs was utilized initially for MP3 players, AMOLED is the desired technology being utilized currently for mobile phones and other displays. They are also utilized in portable gaming machines and face no size or resolution limitations. The aggregate selling prices of OLEDs are indirectly proportional to volume; thus, price decreases with rising manufacturing. OLEDs take low power and are utilized in various electronics and signage.
Mobile phones were the largest end-use category of OLEDs and procured the major share of the market. Utilization in television sets is also getting popular as technological developments have facilitated the development of displays of large size. OLEDs are utilized for various purposes in expensive automobiles in elements such as dashboard displays, rear-view mirrors, and back-window alerts. Other consumer products like microwave ovens and washing machines are also being integrated with OLEDs as they aid in making the product eco-friendlier.
The China market dominated the Asia Pacific Commercial Organic LED Market by Country 2019, growing at a CAGR of 15.9 % during the forecast period. The Japan market is showcasing a CAGR of 17.5% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 18.8% during (2020 - 2026).
The Display market dominated the South Korea Organic LED Market by Product Type 2019, thereby, achieving a market value of $1,724.6 million by 2026. The Lighting market is expected to witness a CAGR of 20.6% during (2020 - 2026).
Based on Product Type, the market is segmented into Display and Lighting. Based on Technology, the market is segmented into PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED and Others. Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Commercial, Healthcare, Retail and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Organic LED Market in Asia Pacific is expected to register a CAGR of 16.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Panasonic Corporation, Universal Display Corporation, Konica Minolta, Inc., BOE Technology Group Co., Ltd., OSRAM GmbH, Acuity Brands Lighting, Inc., Organic LEDWorks LLC, and Tianma Microelectronics Co., Ltd.
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