Global OLEDoS Market Size to grow by USD 39.1 Bn in 2030.

Press Release

The global OLEDoS (organic light-emitting diode on silicon) market was valued at USD 12.5 Bn in 2021. The market is projected to grow USD 39.1 Bn in 2030, at a CAGR of 12.8%.

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High demand for cost-effective and energy-efficient OLED lighting, increased government pushes toward OLED adoption, and growth in the display and large-screen backlight markets are all important drivers of the organic LED market's global growth. However, the organic LED market is hampered to some extent by issues such as high technology costs and numerous technological restrictions. Furthermore, the growing demand for eco-friendly lighting solutions and the widespread implementation of smart lighting systems are likely to create a profitable organic LED market opportunity around the world.

High demand for cost-effective and energy-saving OLED lighting, increased government pushes toward OLED adoption, and growth in the display and large screen backlight industry are all major aspects influencing the worldwide organic LED market prediction.

The demand for energy-efficient lighting solutions is increasing in both emerging and developed nations, which is boosting market growth. OLED technology will be able to reach the desired performance and cost requirements in the future. Furthermore, the organic light emitting diode (OLED) industry benefits from increasing digitization, greater expenditures, increased consumer spending, and changes in lifestyle. Furthermore, in the projected period of 2022 to 2029, an increase in government and industry funding for research and development provides profitable prospects for market players. In addition, technological advancements and product releases will help to boost the industry.

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Various rising and developed economies are attempting to implement energy-efficient lighting solutions. Experts believe that, in the future, OLED technology will reach the essential performance and pricing criteria, allowing for a smooth transition from traditional to efficient lighting systems. Furthermore, financing for R&D from the government and industry is intended to speed up the process of overcoming the technological obstacles that the OLED lighting solution faces.

The flexible segment has dominated the market share of the global oledos (organic light-emitting diode on silicon) market in 2020 owing to its physical properties as it is strong and tough by its nature and can protect the goods in rough conditions. The amoled held the largest market share in 2020 of the global oledos (organic light-emitting diode on silicon) market attributing by increasing demand across retail and consumer goods sector is likely to propel the growth of the global oledos (organic light-emitting diode on silicon) market. . The consumer electronics held the largest market share in 2020 of the global oledos (organic light-emitting diode on silicon) market owing to the increasing number of electronics and their components across the world.

North America region is dominating the market share of global oledos (organic light-emitting diode on silicon) market owing to the presence of prominent manufacturing players that develop and distribute world-class oledos (organic light-emitting diode on silicon) modules.

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KEY INDUSTRY DEVELOPMENTS:

October 2021- MICROOLED Technologies has launched ActiveLook Eyewear which offers miniaturized and invisible augmented reality device that displays navigation information via a Head-up display.

July 2020- INT Tech launched 0.7” 2300 PPI Native RGB AMOLED micro-display solution into their product line for Extended Reality (XR) devices.

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