Us OLED Display Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
OLED Display Market was valued at USD 30 Billion in 2022 and is projected to reach USD 70 Billion by 2030, growing at a CAGR of 14% from 2024 to 2030.
The U.S. OLED display market is experiencing significant growth, driven by the increasing demand for high-quality, energy-efficient screens across various consumer electronics. In 2024, the global OLED market was valued at approximately USD 56.37 billion and is projected to reach USD 344.58 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 19.85% over the forecast period. The Asia Pacific region has emerged as a dominant force in the OLED market, driven by the presence of major manufacturers and a robust consumer base. In 2023, this region accounted for a significant share of the global market, with countries like South Korea, Japan, and China leading in production and adoption of OLED technology. Analyzing the market by product type, the display segment captured over 82% of the revenue share in 2022, underscoring the widespread application of OLED displays across various devices. In terms of technology, Passive-Matrix OLED (PMOLED) held a 28% revenue share in 2022, indicating its substantial role in the market. The consumer electronics sector was a major contributor, accounting for 31% of the market share in 2022, highlighting the extensive use of OLED technology in devices such as smartphones, tablets, and televisions. The rapid expansion of the OLED market is attributed to continuous technological advancements, increasing consumer demand for high-quality displays, and the versatility of OLED applications across multiple industries. As the market progresses, these factors are expected to drive further growth and innovation in OLED technology. Editor’s Choice The global OLED market size was valued at USD 56.37 billion in 2024 and is projected to reach USD 344.58 billion by 2034, growing at a CAGR of 19.85% from 2024 to 2034. The Asia Pacific OLED market size was USD 13.45 billion in 2024 and is expected to grow to USD 105.32 billion by 2034, with a CAGR of 20% from 2024 to 2034. The display segment captured over 82% of revenue share in 2022 and continues to dominate the market with the highest revenue share in 2023. The lighting segment held a market share of 18% in 2023 and is anticipated to grow at a remarkable CAGR during 2023 to 2032. Passive-Matrix OLED (PMOLED) technology accounted for 28% of the revenue share in 2022. The consumer electronics segment contributed 31% of the market share in 2022, driven by smartphones and televisions. Samsung Electronics announced a USD 3.14 billion investment in April 2023 to develop advanced OLED display panels for tablets and computers by 2026 in Asan, South Korea. Facts About Display Technology Consumers use a variety of devices daily, including smartphones, PCs, and TVs, all relying on display technology. Display technologies like OLED, AMOLED, and QLED are replacing older technologies such as LCD. Manufacturers continually innovate to improve display technologies for new devices like VR headsets and foldable smartphones. Cathode-ray tube (CRT) technology dominated the display market until the late 20th century. LCD technology became prominent due to its superior picture quality, size, and power efficiency compared to CRT. In 2023, BOE was the leading smartphone display vendor, shipping approximately 560 million panels. Other manufacturers like SDC, Tianma, and HKC also contributed to global smartphone display shipments. OLED displays are widely used in high-end smartphones, including the iPhone 15 models, and many smartwatches. OLED technology is essential for creating flexible and foldable displays for devices like Samsung Galaxy Fold and Google Pixel Fold. Foldable smartphones are expected to ship over 25 million units in 2024, boosting the foldable OLED display market. Display technologies like OLED, AMOLED, and QLED will dominate the market in the coming years. Rising smartphone penetration and an increasing number of TV viewers worldwide drive demand for innovative displays. The display market continues to grow as new consumer electronics require advanced and efficient display solutions. Manufacturers are actively developing technologies to support new device categories and maintain market growth. General OLED Display Statistics The contribution from smartphones to the OLED market in 2023 was USD 19.1 billion, representing 50% of the market share. Televisions contributed USD 9.6 billion, accounting for 25% of the market in 2023. Automotive displays, wearables, and other sectors collectively contributed USD 9.5 billion in 2023. The smartphone segment is expected to grow to USD 27.5 billion by 2026, maintaining a 45-50% market share. In 2023, 900 million consumer electronics units featuring OLED were sold, a 15% increase from 780 million units sold in 2022. By 2026, consumer electronics unit sales are projected to reach 1.1 billion, with the average selling price increasing from USD 500 in 2023 to USD 550. OLED televisions sold 8 million units in 2023, with projections to reach 12 million units by 2026. The average selling price of OLED TVs is expected to decrease from USD 1,200 in 2023 to USD 1,000 by 2026. Asia Pacific leads the OLED market, supported by strong manufacturing and high consumer demand. The display segment captured over 82% of the revenue share in 2022 and continues to dominate the market. The PMOLED segment accounted for 28% of revenue in 2022, showing its importance in the OLED technology market. The consumer electronics sector contributed 31% of the market share in 2022, driven by smartphones and televisions. Plastic and Flexible Display Revenue The global plastic and flexible OLED display market size is projected across various segments for 2016, 2018, and 2020. Mobile phones are forecasted to generate USD 10.6 billion in revenue in 2018. Market trends indicate strong growth in mobile phone adoption as a key segment for flexible OLED displays. The overall revenue growth reflects increasing demand across multiple industries. Quarterly OLED Display Panel Revenue South Korean companies dominated the OLED display panel market in 2018. They accounted for more than 97% of global market revenue. In Q2 2018, South Korea generated USD 6.28 billion in revenue. Other countries contributed less than 3% to the global OLED market. South Korea maintained its lead in OLED manufacturing throughout 2018. OLED Display Sales Revenue Global OLED display market revenue was USD 22.6 billion in 2017. Revenue increased to USD 28.6 billion in 2018. The market reached an estimated USD 32.2 billion in revenue by the end of 2019. Sales growth from 2017 to 2019 demonstrated a steady upward trend. The market experienced significant growth during this period, driven by increased adoption in consumer electronics. South Korean Display Manufacturers In 2023, South Korean display manufacturers held a 33% share in the global market. The market share has been declining since 2016, reaching its lowest points in 2021 and 2023.
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SMD
LGD
SONY
Futaba Corporation
Sichuan CCO Display Technology
RITEK
Visionox
JOLED
EDO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global OLED Display Market
Rigid OLED Panels
Flexible OLED Panels
Transparent OLED Panels
Foldable OLED Panels
Consumer Electronics
Automotive Displays
Commercial Displays
Medical Displays
Passive Matrix OLED (PMOLED)
Active Matrix OLED (AMOLED)
Transparent OLED Technology
White OLED Technology
Consumer Electronics
Healthcare
Retail
Automotive
Aerospace
Small Size Displays (Under 5 inches)
Medium Size Displays (5 to 15 inches)
Large Size Displays (Above 15 inches)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global OLED Display Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global OLED Display Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global OLED Display Market, By Type
6. Global OLED Display Market, By Application
7. Global OLED Display Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global OLED Display Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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