Organic Light Emitting Diodes (OLEDs): Technologies and Global Markets
The global market for organic light emitting diodes (OLED) was about $2.1 billion and $2.5 billion in 2013 and 2014, respectively. This market is expected to reach nearly $3.1 billion in 2015 and $9.6 billion in 2020, registering a compound annual growth rate (CAGR) of 25.7% for the period 2015-2020.
- An overview of the global markets and technologies for organic light emitting diodes (OLEDs).
- Analyses of global market trends, with data from 2013 and 2014, estimates for 2015 and projections of CAGRs through 2020.
- Information with a focus on the two major market segments for OLEDs, electronic displays and solid-state lighting, as well as emerging markets such as sensors.
- Analysis of the economic, political and legal/regulatory environment within which the OLED industry will continue to develop.
- Details concerning industry structure.
- Technology trends and patent analysis.
- Profiles of major players in the industry.
The scope of this study includes discussion of the upcoming and present market trends of OLEDs. It examines the potential of OLEDs as well as their limitations, and discusses the mode of integration that seems most favored.
The OLED market is segmented into categories by the following:
- Technology: Passive-matrix OLED (PMOLED) and active-matrix OLED (AMOLED).
- Material: Electrode materials, emissive layer (EML) materials, hole transport layer (HTL) materials, electron transport layer (ETL) materials, and substrates.
- Application: Displays, sub-displays, and mobile phones.
- Region: North America, Europe, Asia-Pacific, and rest of world (RoW).
Gupta A.S. is an economist and has nearly 10 years of experience in researching the electronics market. He has authored many reports pertaining to semiconductors and electronic devices, and is currently mentoring a team of analysts from this domain.
The analyst has headed electronics domains in many research companies. Prior to this, he was an analyst with Frost & Sullivan, specializing in the display and electronic components industry in North America. He has published reports on flat-panel displays, LCDs, OLEDs, industrial and building automation, solid-state transformers, traction transformers, ceramic capacitors, electronic double-layer capacitors (EDLCs), and other subjects. He has also worked closely with the best practices team at Frost & Sullivan and with companies such as Schneider, ABB, Samsung, NEC, and AVX throughout his career.
Dr. SenGupta was also the head of the Department of Economic Affairs and Government Policy at the Automotive Components Manufacturers Association (ACMA) of India. He brings with him considerable knowledge and skills, having worked with a leading industry association in the automotive domain, and in the electronic components sector.
Dr. SenGupta was part of the ACMA delegation in the World Trade Organization (WTO) Hong Kong Ministerial Conference in December 2005. He is well versed in international policy and WTO affairs.
Global shipments of OLEDs totaled $3.2 billion in 2011 and $4.9 billion in 2012. Total OLED shipment value is expected to reach $20.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 32.6%.
Total organic light-emitting diode market shipments reached $3 billion approximately in 2010 and will increase to more than $3 billion by 2011. And this market is estimated to reach to $5.2 billion at a compound annual growth rate (CAGR) of 11.6%.
- The global market for organic light-emitting diodes was worth $4.5 billion in 2008, decreased to $3.9 billion in 2009, and is expected to increase to nearly $8.1 billion in 2014. The compound annual growth rate (CAGR) for the 5-year period would be 15.3%.
- OLED displays dominate the market, generating $3.5 billion in sales in 2008 but decreasing to $2.9 billion in 2009. Sales are expected to increase in the next 5 years to reach nearly $5.9 billion in 2014, for a CAGR of 14.9%.
- The OLED lights market amounted to more than $1 billion in 2008, and is projected to decrease slightly in 2009, but rebound to $2.2 billion in 2014, for a 5-year CAGR of 16.5%.
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