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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