The Europe POLED Panel Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).
As flagship smartphones continue to seek differentiation factors, the demand for these panels, especially for foldable or rollable phones, will likely increase. The small, flexible nature of these panels makes them ideal for wearable technology, including smartwatches and fitness trackers. The automotive sector increasingly adopts digital interfaces for instrument clusters, infotainment, and even augmented reality HUDs.
The flexibility of these panels allows for curved displays that conform to the interior design of modern vehicles. Devices like rollable TVs and displays integrated into furniture or clothing could drive future demand. The cost of producing these panels has historically been higher than traditional LCD or glass-based OLED displays, but this is expected to change as the technology matures and scales up.
In the automotive industry, these panel displays find significant application in instrument clusters, infotainment systems, and heads-up displays (HUDs). The flexibility of these panels allows them to be integrated into curved surfaces and dashboards, optimizing space utilization while providing clear visuals for drivers and passengers. Additionally, their self-emissive property eliminates the need for a backlight, reducing power consumption and enhancing visibility in different lighting conditions. The surge in these panel adoption within the automotive sector is a primary catalyst that propels the growth of the market. Automakers embrace these displays to enhance user experience, integrate advanced features, and capitalize on their flexible, slim design that seamlessly integrates into various applications, including dashboards, infotainment systems, and heads-up displays. The rise in demand for these panels in the automotive industry augments the overall market expansion.
France has a well-established automotive industry. These panels can be used for in-car displays, including infotainment systems, instrument clusters, and heads-up displays. Collaborating with French automobile manufacturers could be a lucrative opportunity. POLEDs can be used for flexible and energy-efficient lighting solutions. French companies and municipalities may seek innovative, sustainable lighting options for urban areas, offices, and homes. French universities and research institutions are known for contributing to materials science and electronics. Collaborating on research projects or accessing government grants for R&D in POLED technology could be beneficial. With the growing adoption of POLED in various sectors in this region, the market is expected to expand.
The Germany market dominated the Europe POLED Panel Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $177,735.6 Thousands by 2030. The UK market is exhibiting a CAGR of 17.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 19.6% during (2023 - 2030).
Based on Application, the market is segmented into Smartphones, and Wearables. Based on Type, the market is segmented into Flexible, Foldable, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global POLED Panel Market will Hit $2.6 Billion by 2030, at a CAGR of 18.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include LG DISPLAY CO., LTD., Apple Inc., Google (Alphabet Inc.), Sumitomo Chemical Co., Ltd. and Motorola Mobility Holdings, Inc. (Lenovo Group Limited)
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