The Europe Organic LED Market would witness market growth of 15.9% CAGR during the forecast period (2020-2026). OLED is also termed as organic light-emitting diode. It is considered as a flat light-emitting diode technology created by putting thin organic films between two conductors.
OLED is the prominent lighting and display technology that is able to provide power efficiency lighting. This technology is better in comparison to fluorescent tubes and incandescent bulbs. OLED technology helps the end-users to develop flexible display and lighting panels. Moreover, the OLED displays offer a superior image quality, durability, and have a less consumption rate in comparison to LCD displays.
OLED technology is gaining high adoption and would grow more in the display and lighting market in the next few years. Presently, OLED technology is in its developmental phase; though, with the emerging technological advancements, it will soon acquire a considerable position. On the basis of the features provided by the OLED technology, it is highly preferable among consumers. Few benefits of the OLED technology are less power consumption, improved efficiency, superior image quality, and flexibility. Moreover, the market would be boosted by the surge in awareness among end-users and growing demand for environment friendly lighting products. On the other hand, the growth of the OLED market would be hampered by the high cost of OLED technology. Technological developments would assist the OLED light manufacturing enterprises to cut down the overall cost of manufacturing an OLED.
The Germany market dominated the Europe Transparent OLED Market by Country 2019, growing at a CAGR of 16 % during the forecast period. The UK market is exhibiting a CAGR of 16.3% during (2020 - 2026). Additionally, The France market is anticipated to witness a CAGR of 18% during (2020 - 2026).
The Consumer Electronics market dominated the Spain Organic LED Market by End User 2019, thereby, achieving a market value of $489.8 million by 2026. The Automotive market is estimated to grow at a CAGR of 16.3% during (2020 - 2026). The Industrial market is showcasing a CAGR of 19.6% during (2020 - 2026). Additionally, The Commercial market is expected to witness a CAGR of 19.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Organic LED Market in Europe is expected to register a CAGR of 15.9% 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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