Light emitting diode (LED) is referred to as a two-lead semiconductor light source that emits light when activated. When current is applied to the leads, the electrons recombine with electron holes, thus releasing energy in the form of photons. LEDs are small and optical components used to shape radiation pattern.
An organic light-emitting diode (OLED) is an LED where the emissive electroluminescent layer is composed of a film of an organic compound emitting light in the presence of an electric current. The organic layers are placed between two electrodes, with one electrode being transparent. OLEDs are used in television screens, mobile phones, computer monitors, PDAs and handheld game consoles to create a digital display. The market for LED and OLED display is expected to show a significant CAGR during the forecasted period (2018-2027). OLED is accepted among end users since they are lighter, thinner, brighter, more power efficient and also provide higher contrast compared to LCDs.
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Drivers and Restraints
The growing demand for flexible display products, acceptance of LED in commercial as well as residential sectors and government mandates to use LED and OLED lighting in public places have led to the market growth for the global LED and OLED display. Besides, LEDs and OLEDs are highly efficient, consumes low power, offers enhanced picture quality, durable and are light in weight. Also, the growing demand for eco-friendly products might act as a major growth opportunity. Display technology has evolved significantly over the past years. Flat panels, thinner and bigger screens, increased pixel density and curved display have enabled the growth in markets such as televisions, laptops, and smartphones.
Meanwhile, complex manufacturing procedures and lack of skilled employment are major factors restraining the growth of the market globally.
The global market for LED and OLED display can be segmented by type, application, technology, and region.
The market can be segmented into Passive-matrix OLED (PMOLED), Active-matrix OLED (AMOLED), high brightness LED, organic LED, inorganic LED, and others on the basis of type. AMOLED holds the largest market share as almost all smartphones manufactured comprises AMOLED displays.
The market can be also segmented into residential, commercial and industrial on the basis of application.
The market can be segmented as LED-backlit LCD, OLED, Quantum Dot LED, E-paper, Laser phosphor display (LPD), and Interferometric modulator display (IMOD) based on technology.
The market has also been segmented into North America, Europe, Asia Pacific and Res-of-the-World based on geography.
Some of the prominent players in the global LED and OLED Display Market comprises Samsung Electronics Co. Ltd. (South Korea), Panasonic Corporation (Japan), LG Electronics Inc.(South Korea), Corning (U.S.), OSRAM GmbH (Germany), and others. Samsung has launched “self-emitting” display technology that creates a wide range of colors using pixels that are composed of blue, red and green light-emitting diodes arrayed in the screen. This display technology can render 4K video, whose resolution is 4 times higher than current HD televisions.
With the largest market share due to the growing technical base and presence of market players, North America is dominating the market for LED and OLED display and is expected to show a steady growth by 2027. The market for LED and OLED Display in Asia Pacific and Europe is expected to grow by the end of 2027. North America and Europe are exposed to several opportunities as these regions hold the largest consumers of tablet PCs, smartphones, and TVs using OLED display technology.
LG Electronics USA Business Solutions is launching a brand new LED display, named the LG Transparent Color LED film display with unparalleled installation capabilities. The revolutionary display has the capacity to turn any glass surface or window into a customizable digital canvas. The LG Transparent Color LED film is 1.5 mm thin and showcases a variety of color range on it’s 24 mm pixel pitch display.
LIST OF TABLES
Table 1 LED & OLED Display Market, By Region, 2018–2023
Table 2 North America: LED & OLED Display Market, By Country, 2018–2023
Table 3 Europe: LED & OLED Display Market, By Country, 2018–2023
Table 4 Asia Pacific: LED & OLED Display Market, By Country, 2018–2023
Table 5 The Middle East & Africa: LED & OLED Display Market, By Country, 2018–2023
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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 2018, By Country (In %)
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