OLED Panel Markets to 2024: The Evolution of Quantum Dot Technology is Restraining Market Growth

DUBLIN, July 23, 2019 /PRNewswire/ -- The "OLED Panel Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The OLED panel market is expected to grow at a CAGR of 15.44% over the forecast period (2019-2024).

Key Highlights

    --  Display panels form a connection bridge between a consumer and the
        information universe. Not only on traditional technologies like
        television displays, but OLED also feature prominently in many
        significant technology trends, such as automotive, virtual reality, IoT,
        and connectivity.
    --  Samsung after working on the technology for so long is now making
        dual-curved displays incorporated in their high-end smartphones, which
        is not the case when compared to other Android-based smartphone
        manufacturers. Also, LG has been working on the technology too and has
        set its target to ship 2.8 million OLED TV panels in 2018, which is a
        64.7% increase from 2017.
    --  Although display technology in smartphones has been improving for years,
        a screen is an important feature in a smartphone but there is a lot more
        in a smartphone than just a screen. While prototypes have been in demand
        for a long time, no company is willing to take a risk and launch a
        smartphone with a fully flexible display.

Major Market Trends

Mobile & Tablet to Witness High Growth

    --  An organic light-emitting diode (OLED) requires no additional
        backlighting and is emissive due to which it overshadows the flat panel
        displays traditionally used in mobiles and tablets. Additionally, due to
        the superior properties like less thickness and bright output, mobile
        manufacturers have been increasingly incorporating OLED panels in their
        product, which is likely to drive the market growth.
    --  Specifically, the flexible OLED panels are expected to dominate the next
        generation of smartphones and tablets market due to several
        differentiating factors, such as lightweight, thinner, immersive screen,
        and bezel-less design.
    --  Apple one of the biggest smartphone producer, in its latest product,
        iPhone X, has utilized flexible AMOLED with super retina display
        technology which has compelled the shift in the smartphone industry.
        This is likely to exceedingly strengthen the adoption of these panels
        across the industry, thereby driving the market growth with a
        significant impact over the forecast period.
    --  Additionally, Samsung Electronics, one of the leaders in the OLED panels
        market incorporates AMOLED and Super AMOLED displays in most of its
        smartphones and is now focusing on flexible OLED panels than LCD.

Asia-Pacific Occupies the Largest Market Share

    --  Asia-Pacific is the biggest market for OLED panels as most of the key
        players including Samsung, LG, AUO, Panasonic among others, have their
        base and major manufacturing facilities in this region. Additionally,
        several tablet vendors, TV manufacturers, and signage display
        manufacturers, and other vendors have their headquarters in the APAC
        region.
    --  South Korea, despite its small size, currently has the most extensive
        network of academic R&D in OLED technology. The country has been
        witnessing huge investments, primarily from the electronics giants like
        Samsung and LG. Samsung has been investing an average of USD 5 billion
        per year for the development of OLED technology.
    --  China is the global hub for manufacturing. The country is the largest
        exporter of consumer goods and is the fastest-growing consumer market in
        the world. China boasts of the world's largest television market. LG is
        planning to collaborate with the retailers and TV makers in China to
        expand its OLED panel business, the sales of OLED display panels is
        expected to grow exponentially in this region.

Competitive Landscape

The OLED panel market is highly competitive and is mildly concentrated because of the presence of many players conducting business on a national as well as on an international scale. The major players in the market are Samsung Electronics, LG Display Co, Panasonic Corp, among others.

Noteworthy Developments

    --  December 2018 - Universal Display Corporation announced the signing of
        long-term OLED Agreements with BOE Technology Group Co. Ltd. Under the
        agreements, UDC is to supply phosphorescent OLED materials to BOE
        Technology.
    --  May 2018 - Samsung displayed technological advancements at the SID
        DisplayWeek, by showcasing its rollable and flexible OLED display. This
        is expected to help the company to garner a higher market share.

Key Topics Covered

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.3.1 Increasing Adoption of OLEDs in Smartphones
4.3.2 Technological Advances in Display Market
4.4 Market Restraints
4.4.1 Evolution of Quantum Dot Technology
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 TECHNOLOGY SNAPSHOT

6 MARKET SEGMENTATION
6.1 By Type
6.1.1 Flexible
6.1.2 Rigid
6.1.3 Transparent
6.2 By Display Address Scheme
6.2.1 PMOLED Display
6.2.2 AMOLED Display
6.3 By Size
6.3.1 Small-Sized OLED Panel
6.3.2 Medium-Sized OLED Panel
6.3.3 Large-Sized OLED Panel
6.4 By Product
6.4.1 Mobile and Tablet
6.4.2 Television
6.4.3 Automotive
6.4.4 Wearable
6.4.5 Other Products
6.5 Geography
6.5.1 North America
6.5.2 Europe
6.5.3 Asia-Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa

7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 LG Display Co. Ltd.
7.1.2 Samsung Electronics Co. Ltd.
7.1.3 AU Optronics Corp.
7.1.4 Innolux Corporation
7.1.5 Sharp Corporation
7.1.6 BOE Technology Group Co. Ltd.
7.1.7 Japan Display Inc.
7.1.8 Hannstar Display Corporation
7.1.9 Panasonic Corporation
7.1.10 Chunghwa Picture Tubes Ltd.
7.1.11 Koninklijke Philips N.V.
7.1.12 Pioneer Corporation
7.1.13 Universal Display Corporation
7.1.14 Ritek Corporation

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/td2fyk

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