Global LED and OLED display market is expected to reach $121 billion in 2023

LED is a unique type of p-n junction diode that emits incoherent light by injecting electroluminescence. Due to its low cost, robustness and durability, LEDs are ideal for localized fiber optic networks. LCD The preferred choice for backlighting.

OLED (Organic Light Emitting Diode) is made by placing an electroluminescent organic material polyphenylene vinylene (PPV) film between two conductors with different work functions (one of which is transparent). OLED can be used for consumption. Large area in electronic products And small area flat flexible self-illumination monitor.

Depending on the type of organic material, OLEDs are classified into small molecule OLED (SMOLED) devices and organic polymer devices OLED (PLED). LED display Higher efficiency and lighter weight, so that it has no LCD Performance above and below.

In addition, OLED display The device can be used as a transparent screen, which can be used as a window screen as well as a computer screen. These displays can also be embedded in the car's windshield for navigation while driving.

Market development factors include LEDs becoming more popular in the commercial and residential sectors, industry-to-flexibility Display product Increasing demand and enforcement of government regulations such as OLED and LED lighting in public places. However, technical resources and complexity The lack of manufacturing processes has hindered the rapid growth of the LED and OLED display markets.

Market segmentation

The LED and OLED display markets can be roughly divided by category, display type, display size, and end user.

By market, this market segment can be passive matrix OLED (PMOLED), active matrix OLED (AMOLED ), organic LED (OLED), inorganic OLED and high brightness LED.

According to the type of display, the market can be divided into flexible displays. Flat panel display And transparent panel displays, etc.

Depending on the display size, the market can be divided into 20 inches, 20 inches - 50 inches and more than 50 inches.

According to the end user, the market can be divided into commercial, automotive, consumer electronics, healthcare, corporate, education, media and entertainment, industry, etc.

Regional Analysis

During the forecast period from 2017 to 2023, the global LED and OLED display market is expected to achieve extremely fast growth. The geographic analysis of the LED and OLED display markets is targeted at North America, Europe, Asia Pacific and other parts of the world. LED and OLED displays are highly accepted in consumer electronics, and the North American market is expected to account for a major share of the LED and OLED display market during the forecast period. Existing market players and a growing technology base are also a major expansion of the North American market. power.

In addition, the rapid adoption of LEDs and OLED displays in countries and regions including China and Taiwan is expected to boost market share in the Asia Pacific region.

Global LED and OLED display market ($1 billion)

From 2017 to 2023, the global LED and OLED display market is expected to reach $121 billion, with a CAGR of 24%.

Market is mainly involved in enterprises

Major players in the global LED and OLED display market include: LG Electronics, Corning, OSRAM, Samsung Electronics, Panasonic, Philips Electronics, US Microchip Technology, Sony and US General Display.

Other participating companies include AU Optronics , BOE, Shenzhen Huaxing Optoelectronic Technology Co., Ltd., CPT, USA eMagin, Hehui Optoelectronics , the German Industrial Research Institute (Fraunhofer-Gesellschaft) and Japan Futaba Electronics Industry Co., Ltd., etc.

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