New York, NY, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Flexible OLED Market by Technology (AMOLED and PMOLED), by Application (Smartphones & Tablets, TV, Laptops & Monitors, Wearable, Lighting, and Others), by Panel Size (Up to 7 Inches, Between 7 and 20 Inches, Between 20 and 51 Inches, and More Than 51 Inches), and by End-Use Industry (Consumer Electronics, Automotive, Sports & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025”. According to the report, the global flexible OLED market accounted for USD 221 million in 2018 and is expected to reach USD 2,581 million by 2025, with a CAGR of around 42% between 2019 and 2025.
Organic light-emitting diodes or OLED’s are manufactured by placing numerous organic thin films (substrates) between two conductors. On applying an electric current between these conductors, light is emitted. Flexible OLEDs are the mostly used OLEDs in the market currently.
Browse through 86 Tables & 34 Figures spread over 148 Pages and in-depth TOC on “Global Flexible OLED Market Size & Share 2019 Report: By Technology, Types, Industry Growth, Analysis and Forecast, 2025”.
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The increasing use of OLED display panels in smartphones is anticipated to fuel the flexible OLED market growth in the future. Major smartphone manufacturers, such as Apple, Samsung, Huawei, Xiaomi, and Sony, manufacture smartphones with OLED displays. It is expected that the global smartphone shipments will reach 1.64 billion units by the end of 2022. Manufacturers are also focusing on introducing flexible smartphones by 2020, which is likely to further drive the flexible OLED market globally in the years ahead. Furthermore, the rising demand for OLED displays in laptops is likely to further drive the flexible OLED market in the years ahead. Major laptop manufacturers, such as HP, Apple, Lenovo, Samsung, and Dell, are using OLED displays. In 2017, Lenovo introduced “X1 Yoga”, its first OLED display laptop along with “Lenovo Transform”, a rollable laptop comprised of a flexible display.
The global flexible OLED market is divided on the basis of technology, application, panel size, and end-user industry. By technology, the global flexible OLED market is segmented into AMOLED and PMOLED. By application, the global flexible OLED market is segmented into smartphones and tablets, TVs, laptops and monitors, wearables, lighting, and others. Wearables are estimated to hold a significant share of the flexible OLED market over the forecast timeframe, owing to the increasing demand for technically advanced smartwatches and fitness bands. By panel size, this market includes up to 7 inches, between 7 and 20 inches, between 20 and 51 inches, and more than 51 inches. Between 7 and 20 inches segment is expected to grow notably in the future, owing to the rising demand for automotive displays. Consumer electronics, automotive, sports and entertainment, and others comprise the end-use industry segment of the global flexible OLED market.
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By region, North America is the most technologically developed and is likely to hold a significant share of the global flexible OLED market over the projected timeframe. This share can be attributed to the rising demand for OLED displays for smartphones and wearables in the U.S. Apple, Inc., which is based in the U.S., is focusing on utilizing flexible OLED displays for its devices. In 2017, the company ordered 70 million flexible OLED displays from Samsung, for its latest upcoming iPhones. With major laptop manufacturers, such as Dell and HP, headquartered in this region, the demand for flexible OLEDs is anticipated to rise in the future. This, in turn, is likely to fuel this regional market.
The increasing usage of OLEDs in vehicles is likely to drive the European flexible OLED market in the years ahead. OLEDs are used in lighting displays in vehicles. In 2017, about 19.6 million motor vehicles were manufactured in the European Union, i.e., about 20% of the global motor vehicle production. The introduction of autonomous vehicles is likely to boost the region’s demand for flexible OLEDs, as autonomous vehicles require superior quality displays.
Browse the full “Flexible OLED Market by Technology (AMOLED and PMOLED), by Application (Smartphones & Tablets, TV, Laptops & Monitors, Wearable, Lighting, and Others), by Panel Size (Up to 7 Inches, Between 7 and 20 Inches, Between 20 and 51 Inches, and More Than 51 Inches), and by End-Use Industry (Consumer Electronics, Automotive, Sports & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025” Report at https://www.zionmarketresearch.com/report/flexible-oled-market
The Asia Pacific region is likely to contribute a significant share to the flexible OLED market over the forecast time period. China and India are predicted to mainly fuel the Asia Pacific flexible OLED market expansion in the years ahead. This regional growth can be attributed to the presence of key OLED manufacturers, such as LG Display, Samsung Electronics, and Panasonic Corporation, and the growing demand for smartphones and TVs. In 2017, the region’s smartphones sales generated revenue of nearly USD 244.2 billion as compared to USD 232.6 billion in 2016. With flexible OLEDs adopted majorly in TVs and smartphones, this regional market is anticipated to be the most lucrative region in the upcoming years.
The Latin American region is anticipated to make a substantial contribution to the global flexible OLED market over the estimated time period, owing to the increasing demand for laptops. In Brazil, about 8,47,000 laptops were sold in the second quarter of 2017, i.e., a rise of about 14% from 2016. Thus, this region’s flexible OLED market is likely to witness an exponential rate of growth in the future.
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Some noticeable players of the global flexible OLED market include OSRAM GmbH, LG Display Co., Ltd., Panasonic Corporation, Samsung Electronics Co., Ltd., AU Optronics, BOE Technology, Universal Display Corporation, Pioneer OLED, Konica Minolta, and Acuity Brands, among others.
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This report segments the global flexible OLED market into:
Global Flexible OLED Market: Technology Analysis
- AMOLED
- PMOLED
Global Flexible OLED Market: Application Analysis
- Smartphones and Tablets
- TVs
- Laptops and Monitors
- Wearables
- Lighting
- Others
Global Flexible OLED Market: Panel Size Analysis
- Up to 7 Inches
- Between 7 and 20 Inches
- Between 20 and 51 Inches
- More Than 51 Inches
Global Flexible OLED Market: End-Use Industry Analysis
- Consumer Electronics
- Automotive
- Sports and Entertainment
- Others
Global Flexible OLED Market: Regional Analysis
-
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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