The global POLED panel market revenue was around US$ 0.8 billion in 2022 and is estimated to reach US$ 5.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 20.1% during the forecast period from 2023 to 2032.
A POLED (Plastic Organic Light Emitting Diode) display is an OLED technology that utilizes polymer materials rather than small molecules for the organic radiating layer. This results in expanded flexibility and decreased production costs. The flexible and thin polymer layer makes POLEDs appropriate for different applications. POLED panels are utilized in tablets, smartphones, wearables, and televisions due to their flexibility, letting bendable and curved screens, leading to exceptional designs in wearables and mobile devices. Also, these displays deliver high contrast ratios, exceptional color reproduction, and quick response times, delivering an engaging visual experience for users.
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Factors Influencing Market Growth
– The POLED panel market is anticipated to notice notable growth during the forecast period because of the surge in energy-efficient POLED panels for wearables and the increased usage of POLED panels in the automotive industry.
– The complicated fabrication process and high manufacturing costs are the limitations for the growth of the POLED panel market during the forecast period.
– The rise in usage of POLED panels for healthcare applications and consumer electronics is anticipated to deliver lucrative opportunities for the growth of the global POLED panel market during the forecast period.
Impact of COVID-19
The impact of the COVID-19 pandemic had a moderate influence on the global POLED panel market due to the augmented demand for medical devices and consumer electronics. Prime vendors like Motorola and LG Display shifted their revenue to research and development of POLED panel displays, which witnessed an increase in the usage of new foldable displays for billboards, smartphones, and televisions.
In 2022, North America dominated the global POLED panel market in terms of revenue. Also, the Asia-Pacific region is anticipated to notice the fastest growth rate during the forecast period because of the rise in awareness of smartphones and wearables due to the miniaturization of the technology.
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The leading prominent companies profiled in the global POLED panel market are: –
– LG DISPLAY CO., LTD.
– Motorola Mobility LLC (Lenovo)
– Google (Alphabet Inc.)
– Apple Inc.
– Other prominent key players
The global POLED panel market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
– Flexible POLED Displays
– Foldable POLED Displays
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Segmentation based on Application
Segmentation based on Region
– North America
– The U.S.
– Rest of Europe
– South Korea
– Rest Of Asia-Pacific
– Latin America
– Middle East
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviors, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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