Organic Led Market Scope
Organic light emitting diodes (OLEDs) are electronic devices made by placing a thin film of an electroluminescent organic material between two conductors of different work functions. When an electrical voltage is applied, electrons and holes are inserted into the electroluminescent material. When these recombine, light is emitted. OLEDs can be used for large and small area flat panel flexible self-luminous displays in many consumer products. OLEDs are used to create digital displays in devices such as television screens, computer monitors and portable systems such as mobile phones, handheld game consoles and PDAs.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Research Analyst at AMA estimates that South Korean and Japanese Players will contribute to the maximum growth of Global Organic Led market throughout the predicted period.
LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), OSRAM GmbH (Germany), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Novaled GmbH (Germany), Thorn Lighting Limited (United Kingdom), Konica Minolta (Japan), Corning Incorporated (United States), Duksan Hi-Metal (South Korea), Au Optronics (Taiwan), First O-Lite, Inc. (China), Fluxim AG (Switzerland), Veeco Instruments Inc. (United States) and Ritek Corporation (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Visionox Company (China) and Beneq (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Organic Led market by Type (Passive-Matrix (PMOLED), Active-Matrix (AMOLED), Transparent, Foldable and White), by Application (Computer Monitors, Television Screens, Smartphones, Handheld Game Consoles and Others) and Region with country level break-up.
On the basis of geography, the market of Organic Led 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).
In Jun 2021, Samsung researchers announced the feasability of commercial strechable devices including screen displays that is manufactured from organic LED. Through this initiative the company aims to becomemore competent in the next generation products.
Market Trend
- Development of Organic LED Devices for Use in Solid-State Lighting Applications
- Increasing Focus of Organizations on Research Activities
Market Drivers
- Increasing Demand for Enhanced Picture Quality
- Increased Demand for Energy Efficient and Eco-Friendly Lighting Products
- Rapid Growth in the Usage of Smartphones
Opportunities
- Rapid Technological Developments in OLED
Restraints
- OLEDs are more expensive as compared to LED and LCD products
- Lack of Awareness among People about OLED
Challenges
- Manufacturing Processes are Expensive
- Water can Easily Damage OLEDs
Key Target Audience
Manufacturers of Organic LEDs, Suppliers of Organic LEDs, Wholesalers, distributers and retailers of Organic LEDs, Semiconductor Industry, Electronic Industry and Governmental Bodies