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Market Synopsis:According to Market Research Future (MRFR)’s latest report, the global LED & OLED display market is poised to register a CAGR of 24% during the forecast period 2019 to 2023. The market value is estimated to reach USD 121 Bn by the end of 2023. The focus towards durable, energy efficient, and inexpensive display technology has revolutionized the global market, and it is projected to continue the trend over the next couple of years.
LEDs are extensively used as a choice for backlight, which is projected to intensify its demand in the upcoming years. Meanwhile, the demand for OLED for widow and computer screen is estimated to witness an upswing which, in turn, is prognosticated to expedite the expansion of the global LED & OLED display market. The massive demand from the thriving consumer electronics market is another major factor responsible for driving the growth of the global market over the assessment period.
Other factors that are anticipated to favor the expansion of the LED & OLED display market include growing acceptance of LED in commercial and residential sectors, rising demand for flexible display products, government mandates regarding LEDs & OLEDs, etc. Nevertheless, a complex manufacturing process is expected to hinder the proliferation of the market in the forthcoming years.
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Competitive Dashboard:
Some of the key players profiled in this report are LG Electronics Inc. (South Korea), OSRAM GmbH (Germany), Panasonic Corporation (Japan), Microchip Technologies (U.S.), Universal Display Corporation (U.S.), AU Optronics Corp. (Taiwan), Shenzhen China Star Optoelectronics Technology Co., Ltd. (China), Chunghwa Picture Tubes, LTD. (Taiwan), eMagin, Inc. (U.S.), EverDisplay Optronics (Shanghai) Limited (China), Futaba Corporation (Japan), Corning (U.S.), Samsung Electronics Co. Ltd. (South Korea), Philips Electronics (Netherlands), Sony Corporation (Japan), BOE Technology Group Co., Ltd. (China), Dresden Microdisplay GmbH (Germany), Fraunhofer-Gesellschaft (Germany), and Newvision Corporation (China).
Regional Insights:
By region, the global LED & OLED display market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is likely to retain a dominant position towards the end of the forecast period. The regional LED & LED display market is expected to scale new heights owing to the large-scale use of LED and OLED displays in consumer electronics, consolidation of key players, and growing technical base among others.
Asia Pacific LED & OLED display market is estimated to exhibit swift proliferation in the upcoming years. The presence of major market participants in China and Taiwan is poised to have a favorable impact on the expansion of the market. Furthermore, the expanding customer base coupled with rising per capita income is projected to drive the growth of the regional LED & OLED display market over the assessment period.
Europe is a significant growth pocket and is likely to augment substantially during the review period. The growth of the major country-level markets in the region is likely to catalyze the growth of the LED & OLED display market.
Market Segmentation:
By type, the global LED & OLED Display Market has been segmented into passive-matrix OLED (PMOLED), active-matrix OLED (AMOLED), organic LED (OLED), inorganic OLED, and high brightness LED.
By display type, the LED & OLED display market has been segmented into flexible display, flat panel display, and transparent panel display.
By display size, the global LED & OLED display market is segmented into up to 20”, 20”-50”, and 50” above.
By end user, the LED & OLED display market is segmented into commercial, automotive, consumer electronics, healthcare, enterprise, education, media & entertainment, industrial, and others.
Industry News:
In October 2019, AU Optronics, Taiwan, has launched the highest resolution full-color TFT driven micro-LED display.
In October 2019, LG, a South Korean multinational electronics company, has launched 0.4mm transparent screen to cement its place in OLED display signage market.
In November 2019, Apple, based out of the U.S., has contracted display from LG, a South Korean company, for the production of OLED panels for iPhones.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued…….
LIST OF TABLES
Table 1 LED & OLED Display Market, By Region, 2019–2023
Table 2 North America: LED & OLED Display Market, By Country, 2019–2023
Table 3 Europe: LED & OLED Display Market, By Country, 2019–2023
Table 4 Asia Pacific: LED & OLED Display Market, By Country, 2019–2023
Table 5 The Middle East & Africa: LED & OLED Display Market, By Country, 2019–2023
Continued…….
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LIST OF FIGURES
FIGURE 1 Global LED & OLED Display Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global LED & OLED Display Market
FIGURE 4 Value Chain Of Global LED & OLED Display Market
FIGURE 5 Share Of LED & OLED Display Market In 2019, By Country (In %)
Continued…….
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