Organic Light Emitting Diode (OLED) Market to 2025 by Technology (AMOLED and PMOLED), Application (Display and Lighting), and End-User Industry (Retail, Architecture, Automotive, Consumer Electronics, Security & Signage and Others)- Global Analysis and Forecast
OLED market is expected to grow US$ 38.27 billion by 2025 from US$ 12.51 billion in 2015. Rising demand of consumer and commercial products such as smartphones, TV, wearable electronics devices, digital signage in market will drive the OLED market during the forecast period. However, high manufacturing cost and short lifespan is obstructing the market growth in near future.
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OLED technology has ushered the new era of transparent, flexible, low energy consuming and large area display and lighting products. Till date, the flexible OLEDs are being utilized in wearable devices and smart phones providing curved designs to enhance its ergonomic features of the application. The fixed curved display facilitates a user with much contented experience when wearing or holding the device.
The global organic light emitting diode market on the basis of application has been segmented into OLED Displays and OLED Lighting. OLEDs are used to produce digital displays in devices such as TV