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Global Organic LED Market to reach USD 281573.45 million by the end of 2030.

Global Organic LED Market Size study & Forecast, by Product Type (Display, Lighting), By Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, White OLED) By End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: EESC-15069559
Publish Date: 30-10-2023
Page: 200

Global Organic LED Market is valued approximately at USD 58514.98 million in 2022 and is anticipated to grow with a healthy growth rate of more than 21.7% over the forecast period 2023-2030. Organic Light-Emitting Diode is a display technology that utilizes organic compounds to emit light when an electric current is applied. It is a type of light-emitting diode that offers several advantages over traditional display technologies like LCD. The Organic LED market is expanding because of factors such as increasing demand of Consumer electronics and rising implementation of LED lights OLED displays have fast response times, which means they can quickly switch pixels on and off. This feature makes them well-suited for applications that require fast motion rendering, such as gaming or multimedia playback. Its importance has progressively increased during the forecast period 2023-2030.

According to Statista, the global consumer electronics market is expected to expand by USD 125.5 billion in between 2023 and 2028 and expected to reach a total USD 1.2 trillion by 2028. Furthermore, Consumer electronics retail sales in the United States will reach USD 485 billion in 2023 and OLED TVs are expected to generate USD 2.3 billion in revenue in 2023. Another important factor driving the Organic LED market is rising implementation of LED lights. LED lights have raised awareness and demand for energy-saving lighting solutions due to their energy efficiency and long lifespan. This has influenced the development of OLED technology, which also offers energy-efficient lighting options. The success and acceptance of LED lights have paved the way for OLED lights as an alternative and complementary lighting technology. In addition, as per Statista, LED lights should be installed in 93% of outdoor lighting and become the most common light source in all sectors by 2025. Moreover, growing demand for energy-saving lighting solutions and rising government initiatives towards adoption of OLED lights is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost associated to Organic LED and availability of counterfeit products stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Organic LED Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand in the TV display panel, implementation of OLED displays in smartphones. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as rising number of display manufacturing facilities such as China having fastest-growing market for consumer goods as well.

Major market player included in this report are:
Eaton Corporation
Osram (Ams Ag)
Cree, Inc.
General Electric
Samsung Electronics Co. Ltd.
Panasonic Corporation
Koninklijke Philips N.V.
Au Optronics Corporation
Universal Display Corporation
LG Innotek Co. Ltd

Recent Developments in the Market:
Ø In February 2023, LG Electronics America has announced the pricing and availability of its much-anticipated OLED televisions for 2023. This marks the introduction of the most advanced LG OLED television lineup to date. Customers can now look forward to experiencing cutting-edge technology and enhanced viewing experiences with these latest OLED TV models.
Global Organic LED Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Technology, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

By Technology:
Transparent OLED
Top-Emitting OLED
Foldable OLED
White OLED

By End Use:
Consumer Electronics
Aerospace & Defense

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Organic LED Market, by region, 2020-2030 (USD Million)
1.2.2. Organic LED Market, by Product Type, 2020-2030 (USD Million)
1.2.3. Organic LED Market, by Technology, 2020-2030 (USD Million)
1.2.4. Organic LED Market, by End Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Organic LED Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Organic LED Market Dynamics
3.1. Organic LED Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand of Consumer electronics Rising implementation of LED lights
3.1.2. Market Challenges High cost associated to organic LED Availability of counterfeit products
3.1.3. Market Opportunities Growing demand for energy-saving lighting solutions Rising government initiatives towards adoption of OLED lights
Chapter 4. Global Organic LED Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Organic LED Market, by Product Type
5.1. Market Snapshot
5.2. Global Organic LED Market by Product Type, Performance – Potential Analysis
5.3. Global Organic LED Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Organic LED Market, Sub Segment Analysis
5.4.1. Display
5.4.2. Lighting
Chapter 6. Global Organic LED Market, by Technology
6.1. Market Snapshot
6.2. Global Organic LED Market by Technology, Performance – Potential Analysis
6.3. Global Organic LED Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
6.4. Organic LED Market, Sub Segment Analysis
6.4.1. PMOLED
6.4.2. AMOLED
6.4.3. Transparent OLED
6.4.4. Top-Emitting OLED
6.4.5. Foldable OLED
6.4.6. White OLED
Chapter 7. Global Organic LED Market, by End Use
7.1. Market Snapshot
7.2. Global Organic LED Market by End Use, Performance – Potential Analysis
7.3. Global Organic LED Market Estimates & Forecasts by End Use 2020-2030 (USD Million)
7.4. Organic LED Market, Sub Segment Analysis
7.4.1. Consumer Electronics
7.4.2. Automotive
7.4.3. Retail
7.4.4. Industrial
7.4.5. Commercial
7.4.6. Aerospace & Defense
7.4.7. Healthcare
7.4.8. Others
Chapter 8. Global Organic LED Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Organic LED Market, Regional Market Snapshot
8.4. North America Organic LED Market
8.4.1. U.S. Organic LED Market Product Type breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Organic LED Market
8.5. Europe Organic LED Market Snapshot
8.5.1. U.K. Organic LED Market
8.5.2. Germany Organic LED Market
8.5.3. France Organic LED Market
8.5.4. Spain Organic LED Market
8.5.5. Italy Organic LED Market
8.5.6. Rest of Europe Organic LED Market
8.6. Asia-Pacific Organic LED Market Snapshot
8.6.1. China Organic LED Market
8.6.2. India Organic LED Market
8.6.3. Japan Organic LED Market
8.6.4. Australia Organic LED Market
8.6.5. South Korea Organic LED Market
8.6.6. Rest of Asia Pacific Organic LED Market
8.7. Latin America Organic LED Market Snapshot
8.7.1. Brazil Organic LED Market
8.7.2. Mexico Organic LED Market
8.8. Middle East & Africa Organic LED Market
8.8.1. Saudi Arabia Organic LED Market
8.8.2. South Africa Organic LED Market
8.8.3. Rest of Middle East & Africa Organic LED Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Eaton Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Osram (Ams Ag)
9.3.3. Cree, Inc.
9.3.4. General Electric
9.3.5. Samsung Electronics Co. Ltd.
9.3.6. Panasonic Corporation
9.3.7. Koninklijke Philips N.V.
9.3.8. Au Optronics Corporation
9.3.9. Universal Display Corporation
9.3.10. LG Innotek Co. Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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