Organic Light Emitting Diode OLED Market Size, Share, Growth Analysis, By Product type(display, lighting), By Technology(PMOLED, AMOLED, Transparent OLED, Top emitting OLED), By End use(consumer electronics, automotive, retail, industrial), By Region - Industry Forecast 2024-2031

Global Organic Light Emitting Diode OLED Market size was valued at USD 38750.85 million in 2019 and is poised to grow from USD 43873.48 million in 2023 to USD 171826.55 million by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).

In recent years, organic lightening has emerged as a new trend in the lightening industry. With the growing popularity of organic materials, industries are focusing on producing organic products. The modernization of lifestyles and the increased availability of technologically advanced products are driving up demand for OLED lighting panels. Consumers of lighting solutions, such as homes, businesses, and other private infrastructures, are becoming more accustomed to such new innovative lights. OLED lighting panels are light emitting panels that are used for a variety of lighting purposes. OLED demand is expected to rise over the forecast period because it is used to create an attractive and efficient display as well as large format lighting panels. The popularity of OLED lighting panels is growing due to their appealing appearance as thin films that emit light. OLED is an abbreviation for Organic Light Emitting Diodes. OLEDs are made of organic materials that emit light when powered by electricity. The organic materials used in OLED are carbon-based.

US Organic Light Emitting Diode OLED Market is poised to grow at a sustainable CAGR for the next forecast year.