China OLED Market By Type (Displays and Lighting), By Application (Smartphones, Tablets & Notebooks, Televisions Commercial, Residential, Automotive, Industrial and Others), Competition Forecast and Opportunities, 2011 – 2021
Growing demand for OLEDs in China can be attributed to increasing adoption in various end user applications such as smartphones, televisions, automotive, commercial, industrial, etc. In addition, rising investments in OLED research and development, coupled with increasing focus of manufacturers to boost production of various OLED display panels and lighting products is anticipated to boost China OLED market over the next five years. Moreover, increasing technological advancements and governmental support to OLED manufacturers is further contributing to the growth of the country’s OLED market. During 2016 - 2021, rising integration of OLED displays in various consumer electronic devices is expected to significantly increase demand for OLEDs in China.
According to “China OLED Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, the OLED market in China is projected to grow at a CAGR over 38% during 2016 - 2021. OLED displays accounted for the majority share in China’s OLED market, on account of their rising adoption in smartphones, tablets, MP3/MP4 players, automotive applications and defense sector. Light weight, better color performance, less power consumption, high brightness, etc., are few of the advantages driving increase in penetration of these OLED displays in China. In 2015, East China was the largest regional market for OLED in the country, due to presence of a large consumer base in the region. Few of the leading players operating in China OLED market include Samsung Display, LG Display, BOE Technology and Visionox, among others. “China OLED Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021” discusses the following aspects of OLED market in China: