About Vehicle OLED Lighting
In-vehicle OLED the emissive electroluminescent layer is a film of organic composite that emits light in response to an electric current. Automotive OLED sensor is a type of advanced automotive lighting, that is located between two electrodes, one of which is transparent. OLEDs are used to create digital displays in devices such as television screens, computer monitors, mobile phones, and personal digital assistants (PDAs). An OLED display works without a backlight. There are some OLEDs that are used on the exterior of the vehicle and are as useful as headlights. The infotainment screen on the dashboard of the vehicle is made up of OLED display due to its special advantages over other lighting technology.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
AppleMango Co., Ltd., a South Korean provider of electric vehicle (EV) charger solutions, was acquired by LG Electronics (LG) in partnership with GS Energy and GS Neotek. With the acquisition, LG's EV charging solution business is anticipated to grow more quickly and it will be possible for the company to seize new business prospects. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Vehicle OLED Lighting market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LG Display Co., Ltd. (South Korea), OSRAM (Germany), Nippon Seik (Japan), HELLA GmbH & Co. KGaA (Germany), Koninklijke Philips N.V. (Netherlands), BASF (United States), AUTO JAW CO., LTD. (Taiwan), HARMAN International (United States), Raystar Optronics, Inc. (Taiwan), ZKW Group GmbH (Germany), OLEDWorks (United States) and Koito Manufacturing Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gu'an Yeolight Technology Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Vehicle OLED Lighting market by , Application (Dashboard Display, Head-Up Display, Internal Lighting, External Lighting and Digital Rear View Internal Mirror) and Region.
On the basis of geography, the market of Vehicle OLED Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Flexible will boost the Vehicle OLED Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Car will boost the Vehicle OLED Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Vehicle OLED Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Commercialization of Flexible OLED Displays Has Further Enabled Automotive Makers to Create a Design Revolution In Cars and Advanced Technologies and Solutions into Automobiles
Market Growth Drivers:
With more OLED capacity becoming available, OLED displays are gaining traction in the automotive market as they offer better display performance and superior design flexibility to attract more consumers.
Challenges:
Manufacturing Processes of Automotive OLED are Expensive
Restraints:
While OLEDs can last a long time, they are still subject to degradation over time. This can lead to a decrease in brightness and color accuracy, which may not be acceptable for use in vehicles.
Opportunities:
Constant Advancements in the Vehicle Safety and Infotainment System Features
Market Leaders and their expansionary development strategies
On January 9, 2020 - New Hella Electronics Joint Venture With Bhap Starts Series Production In China. Together with numerous high-ranking guests and customer representatives, the new electronics plant in the Chinese city of Zhenjiang has now been officially commissioned
On January 2, 2020 - LG Display to Introduce Latest Cutting-edge Displays that can be applied to people’s everyday lives in various settings such as in airplanes, automobiles, homes, hotels, offices, and commercial spaces
Key Target Audience
Manufacturers of Vehicle OLED, Suppliers of Vehicle OLED, Wholesalers, Distributors, and Retailers of Vehicle OLED, Automotive Industry, Governmental Bodies and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.