OLED Deposition Equipment Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 12.7 Billion by 2030, growing at a CAGR of 15.5% from 2024 to 2030.
The OLED deposition equipment market has witnessed significant changes from 2018 to 2022, driven by advancements in display technology and a surge in demand for OLED displays across consumer electronics, automotive, and industrial sectors. In the past few years, OLED technology has evolved rapidly, positioning itself as the preferred choice for high-definition displays due to its superior contrast, color accuracy, and thin profile. As we assess the period between 2018 and 2022, it becomes clear that key trends such as increasing production capacity, growing demand for mobile devices, and the rising popularity of OLED TVs have shaped the market landscape.
During 2018 to 2022, the market for OLED deposition equipment experienced steady growth, supported by large investments in R&D, as well as manufacturers ramping up production to meet consumer demand. With major players like LG Display and Samsung Display leading the charge, the competition in OLED deposition technology also intensified. Notably, the demand from the smartphone sector played a key role in driving this expansion, alongside the rising demand for OLED TVs in developed markets. As a result, the market was estimated to have a CAGR of approximately 10-15% during this period.
The outlook for the OLED deposition equipment market from 2023 to 2033 is even more promising, with expectations for higher growth fueled by innovations in flexible OLED displays, wearable technology, and automotive applications. These sectors are anticipated to push the boundaries of OLED production further, creating new opportunities for equipment suppliers. Additionally, the adoption of OLED panels in the burgeoning foldable smartphone market is expected to fuel demand for specialized deposition equipment that can handle the intricate design requirements. The market is also set to benefit from a growing push for sustainability, as OLED technology offers lower power consumption compared to traditional LCD displays.
The global shift toward more advanced OLED manufacturing techniques, including organic vapor phase deposition (OVPD) and inkjet printing, will likely revolutionize the deposition equipment market, opening new avenues for growth and efficiency. Companies are expected to continue investing heavily in automation and AI-driven manufacturing processes, further boosting productivity and reducing production costs.
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Canon Tokki
AMAT
Avaco
Sunic System
ULVAC
SFA
Screen Holdings
Hitachi
Doosan
Aixtron
Veeco Instruments Inc.
Dainippon Screen Mfg. Co. Ltd.
ULVAC Inc.
SNU Precision Co. Ltd.
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 Deposition Equipment Market
National Defense
Automobile Industry
Medical Industry
Aerospace
Electronic Semiconductor
Based on Types the Market is categorized into Below types that held the largest OLED Deposition Equipment market share In 2023.
OVPD
PECVD
PVD
ALD
Other
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 Deposition Equipment 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 Deposition Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global OLED Deposition Equipment Market, By Type
6. Global OLED Deposition Equipment Market, By Application
7. Global OLED Deposition Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global OLED Deposition Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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