Organic Light Emitting Diode (OLED) Market

By Type;

Rigid OLED and Flexible OLED

By Technology;

AMOLED and PMOLED

By Application;

Display, Lighting, Wearables, and Others

By End-User;

Consumer Electronics, Automotive, Healthcare, Industrial, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn120580050 Published Date: August, 2025

Organic Light-Emitting Diode (OLED) Market Overview

Organic Light-Emitting Diode (OLED) Market (USD Million)

Organic Light-Emitting Diode (OLED) Market was valued at USD 55,212.97 million in the year 2024. The size of this market is expected to increase to USD 133,147.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.4%.


Organic Light Emitting Diode (OLED) Market

*Market size in USD million

CAGR 13.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)13.4 %
Market Size (2024)USD 55,212.97 Million
Market Size (2031)USD 133,147.34 Million
Market ConcentrationLow
Report Pages327
55,212.97
2024
133,147.34
2031

Major Players

  • BOE Technology Group Co. Ltd.
  • Japan Display Inc.
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • Tianma Micro-electronics Co. Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Organic Light Emitting Diode (OLED) Market

Fragmented - Highly competitive market without dominant players


The Organic Light-Emitting Diode (OLED) Market is expanding rapidly, propelled by continuous advancements in technology. Close to 62% of display production is now shifting to OLED, driven by its superior contrast, flexibility, and ultra-thin design. These self-illuminating displays offer unmatched visual quality, making them increasingly popular across diverse electronic applications.

Growing Demand Across Consumer Electronics
OLED integration in consumer electronics is significantly shaping market dynamics. Nearly 48% of the latest smartphone models incorporate OLED displays, highlighting strong consumer preference for vibrant, high-definition visuals. Additionally, OLED adoption in wearable devices has surged to approximately 54%, as manufacturers cater to demand for lightweight, energy-efficient devices with exceptional display performance.

Automotive Industry Fueling OLED Adoption
The automotive sector is rapidly embracing OLED technology for next-generation vehicle interiors. About 35% of luxury automobiles now feature OLED screens in dashboards, infotainment units, and ambient lighting. The design flexibility and superior visibility of OLED panels enable automakers to create visually striking and user-friendly vehicle interiors.

Energy-Efficient and Eco-Friendly Attributes
OLED’s energy-saving and environmentally conscious characteristics are key growth drivers. These displays can reduce energy consumption by up to 40% compared to traditional LED-backlit alternatives. Moreover, OLED’s elimination of backlighting lowers material requirements, supporting sustainability initiatives and reducing environmental impact throughout production and usage.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Organic Light-Emitting Diode (OLED) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Surging demand for high-resolution displays
        2. Wider adoption in smartphones and TVs
        3. Superior image quality over LCD technology
        4. Flexible displays driving design innovation
      2. Restraints
        1. High production cost of OLED panels
        2. Limited lifespan of organic materials
        3. Burn-in issues in static screen elements
        4. Complex manufacturing and supply chain risks
      3. Opportunities
        1. Expansion in automotive display applications
        2. OLED integration in wearable technologies
        3. Growth in foldable and rollable screens
        4. Emerging demand for transparent OLED displays
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Organic Light-Emitting Diode (OLED) Market, By Type, 2021 - 2031 (USD Million)
      1. Rigid OLED
      2. Flexible OLED
    2. Organic Light-Emitting Diode (OLED) Market, By Technology, 2021 - 2031 (USD Million)

      1. AMOLED

      2. PMOLED

    3. Organic Light-Emitting Diode (OLED) Market, By Application, 2021 - 2031 (USD Million)

      1. Display

      2. Lighting

      3. Wearables

      4. Others

    4. Organic Light-Emitting Diode (OLED) Market, By End-User, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Automotive
      3. Healthcare
      4. Industrial
      5. Others
    5. Organic Light-Emitting Diode (OLED) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BOE Technology Group Co. Ltd.
      2. Japan Display Inc.
      3. LG Electronics Inc.
      4. Samsung Electronics Co. Ltd.
      5. Tianma Micro-electronics Co. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market