Flexible OLED Market
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.
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. The escalating demand for OLED TVs is playing a crucial role in boosting the flexible OLED market across the globe. However, consumers are facing major issues related to OLED displays, which might adversely impact the flexible OLED market over the estimated timeframe.
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. The AMOLED segment is expected to hold a substantial share of the flexible OLED market in the future, due to increasing OLED usage in consumer electronics. By application, the global flexible OLED market is segmented into smartphones and tablets, TVs, laptops and monitors, wearables, lighting, and others. TVs are estimated to register a lucrative rate of growth over the projected timeframe, owing to the increasing adoption of flexible OLEDs in TVs. 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. Consumer electronics, automotive, sports and entertainment, and others comprise the end-use industry segment of the global flexible OLED market.
By region, Asia Pacific is projected to hold a significant share of the global flexible OLED market in the future. This share can be attributed to the rising demand for technically advanced consumer electronics products and the presence of key market players, such as LG Display Co. Ltd., Samsung Electronics Co. Ltd., and Panasonic Corporation, in the region. 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. Increasing usage of OLEDs in vehicles is likely to drive the European flexible OLED market in the years ahead.
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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