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Global OLED Market 2016-2020

About the OLED Market

OLED panels are made of organic (carbon-based) materials that emit light when electricity is supplied through them. OLEDs are more efficient, simpler to make, and much thinner than LCD displays, as they do not require a backlight and filters. OLEDs provide good picture quality with brilliant colors, a fast response rate, and a wide viewing angle compared to other display technologies. OLEDs are also used for lighting. OLED lighting panels are thin, efficient, and flat surface structures. The basic structure of an OLED consists of a cathode that injects electrons, an emissive layer, and an anode, which removes electrons. These lighting panels use flat surfaces, which allow an even distribution of light over a wider space. OLEDs work in a similar way to traditional diodes and LEDs, but instead of using n-type and p-type semiconductor layers, they use an organic substance to produce their electrons and holes.

Technavio’s analysts forecast the global OLED market to grow at a CAGR of 14.7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global OLED market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of OLED displays and lighting panels in the display panel and lighting panel. The report does not consider the contribution of OLED materials while calculating the market size. The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global OLED market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • LG
  • Samsung
  • Konica Minolta
  • Osram
Other prominent vendors
  • Ason
  • AU Optronics
  • BOE
  • CSOT
  • First-o-lite
  • Futaba
  • Lumiotec
  • NEC lighting
  • Nippon Seiki
  • OLEDWorks
  • Panasonic
  • Pioneer
  • RiTDisplay
  • Tohoku Pioneer
  • Toshiba
  • Universal Display
  • Visionox Display
Market driver
  • Superior display quality with low power consumption
  • For a full, detailed list, view our report
Market challenge
  • High production cost of AMOLEDs
  • For a full, detailed list, view our report
Market trend
  • Shift toward unique display and lighting designs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global OLED Market 2016-2020

Technavio recognizes the following companies as the key players in the global OLED market: LG, Samsung, Konica Minolta, and Osram.

Other Prominent Vendors in the market are: Ason, AU Optronics, BOE, CSOT, First-o-lite, Futaba, Lumiotec, NEC lighting, Nippon Seiki, OLEDWorks, Panasonic, Pioneer, RiTDisplay, Tohoku Pioneer, Toshiba, Universal Display, and Visionox Display.

Commenting on the report, an analyst from Technavio’s team said: “Shift toward unique display and lighting designs will be a major trend for this market. In the display and lighting segments, vendors are offering designs such as curved OLED displays placed on non-flat surfaces, transparent OLEDs embedded in windows, and OLEDs in car windshields. In 2014, OSRAM developed a transparent lighting panel, also known as transparent windows. In the daytime, these windows will allow sunlight through them, and during the night, they will provide light. This product is known as Orbeos.”

According to the report, one driver spurring market growth is the advent of superior display quality with low power consumption. OLED display panels are increasingly being adopted in smartphones, tablets, and TVs because of their good display quality compared to LCD displays. OLED displays are made up of thin films of organic molecules deposited with electroluminescent substances, which create light with the application of electricity. Therefore, the absence of a backlight makes OLEDs thinner than LCDs and also reduces power consumption.

Further, the report states that one challenge affecting this market’s growth potential is the high production cost of AMOLEDs. The manufacturing cost of AMOLED TV panels is high compared to that of LCDs of similar size. OLED display panels face the challenge of scaling to larger sizes. As of 2015, Gen 4.5 fabs are the largest AMOLED production lines and can process 730 mm x 920 mm glass sheets. However, the OLED size constraint results from the different backplane production technology. Unlike the mainstream amorphous silicon TFT LCDs, OLEDs use LTPS backplanes. These require more processing than amorphous silicon does. The manufacturer has to set up a line that can process an LTPS LCD and then put in additional equipment that deposits the OLED material and then processes the OLED part of the display.



Companies Mentioned

LG, Samsung, Konica Minolta, Osram, Ason, AU Optronics, BOE, CSOT, First-o-lite, Futaba, Lumiotec, NEC lighting, Nippon Seiki, OLEDWorks, Panasonic, Pioneer, RiTDisplay, Tohoku Pioneer, Toshiba, Universal Display, Visionox Display.

  • Executive summary
    • Market snapshot
      • Table Market summary of global OLED market 2015-2020
    • Highlights
  • Scope of the report
    • Report coverage
      • Table Global OLED market 2015-2020
    • Geographical segmentation
      • Table Geographical segmentation
    • Common currency conversion rates
      • Table Common currency conversion rates used in report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Diagram of a simple OLED
    • Comparison of different display technologies
      • Table Comparison among prominent display technologies
    • Types of OLED
      • Table Advantages and disadvantages of OLED display
    • Product lifecycle of OLED technology
      • Table Product lifecycle of OLED technology
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global OLED market 2016-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global OLED market by application
      • Table Global OLED market by application 2015 (% share)
      • Table Global OLED market by application 2015-2020 (% share)
      • Table Global OLED market by application 2015-2020 ($ billions)
    • Display panel
      • Table Global OLED market by display panel 2015-2020 ($ billions)
      • Table Global smartphone market by shipments 2015-2020 (billions of units)
      • Table OLED display panel segment by application 2015-2020 (% share)
      • Table OLED display panel segment by application 2015-2020 ($ billions)
      • Table Flexible and stretchable display penetration in wearable segment 2015-2020
    • Lighting panel
      • Table Global OLED market by lighting panel 2015-2020 ($ millions)
      • Table OLED lighting panel segment by application 2015-2020 (% share)
      • Table OLED lighting panel segment by application 2015-2020 ($ millions)
  • Market segmentation by technology
    • Global OLED market by technology
      • Table Global OLED market by technology 2015 (% share)
      • Table Global OLED market by technology 2015-2020 (% share)
      • Table Global OLED market by technology 2015-2020 ($ billions)
  • Market segmentation by type
    • Global OLED market by type
      • Table Global OLED market by type 2015-2020 (% share)
  • Geographical segmentation
    • Global OLED market by geography
      • Table Global OLED market by geography 2015-2020 (% share)
      • Table Global OLED market by geography 2015-2020 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Competitive scenario
      • Table LG Display: Worldwide market share of large-sized display panels 2013-2015 (% share)
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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