Organic Light Emitting Diode( OLED) Market to 2025 Introduction
Organic Light Emitting Diodes( OLED) are basically a solid-state devices composed of thin films of organic molecules that create light with the application of electricity. OLEDs can provide brighter, crisper displays on electronic devices and use less power than conventional light-emitting diodes( LEDs) or liquid crystal displays( LCDs). The major benefits from OLED type displays comes from the high level of control that can beexerted over each pixel. Pixels can be switched completely off, allowing for deep blacks and a high contrast ratio. Global OLED market is expected to grow from US $ 12.51 billion in 2015 to US $ 38.96 billion by 2025 at a CAGR of 12.2 % between 2015 and 2025.
The report focuses on an in-depth segmentation of this market based by type, application, and end-user industry. The geographic segmentation of the report covers six major regions including North Americas, Europe, Asia-Pacific( APAC), Middle East and Africa( MEA) and South America( SA). The regional market has been further bifurcated by respective countries. By end-user vertical, consumer electronics sector accounted for the largest share of the OLED market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
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