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Mar 13, 2024

POLED Panel Market to Reach $5.2 Billion, Globally, by 2032 at 20.1% CAGR: Allied Market Research

New Castle, Delaware, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “ POLED P anel Market by Type (Flexible pOLED Displays, Foldable pOLED Displays, and Others),

New Castle, Delaware, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “ POLED P anel Market by Type (Flexible pOLED Displays, Foldable pOLED Displays, and Others), and Application (Smartphones, and Wearables): Global Opportunity Analysis and Industry Forecast, 2023–2032”. According to the report, the global POLED panel industry generated $0.8 billion in 2022, and is projected to reach $5.2 billion by 2032, registering a CAGR of 20.1% from 2023 to 2032.

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A POLED (Plastic Organic Light Emitting Diode) display is an OLED technology which has increased flexibility and reduced production costs. the fact that glass is rigid while plastic is easier to form into new shapes, the demand for POLED is increasing rapidly.

Prime D eterminants of G rowth

The POLED panel market is expected to witness notable growth during the forecast period, owing to an increase in use of POLED panel display in automotive industry and surge in energy efficient POLED panel display for wearables. Moreover, increase in use of POLED panel displays for consumer electronics, and healthcare application is expected to provide lucrative opportunities for the growth of the POLED panel display market during the forecast period. On the contrary, high manufacturing costs and complex fabrication process is the restraint for POLED panel display market growth during the forecast period.

Report Coverage & Details:

Covid-19 Scenario

The F lexible pOLED Displays Segment to M aintain its L eadership Status Throughout the Forecast Period.

Based on type, the flexible pOLED displays segment held the highest market share in 2022, accounting for more than three-fourths of the global POLED panel market revenue, and is estimated to maintain its leadership status throughout the forecast period. As it is known for its small size & flexibility, and it is widely used in cameras, and billboards. Moreover, the flexible pOLED displays segment is projected to manifest the highest CAGR of 20.56% from 2023 to 2032, driven by growing adoption of smartphones screen manufacturers such as Motorola and Samsung.

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The Smartphones Segment to M aintain its L eadership Status Throughout the Forecast Period

Based on application, the smartphones segment held the highest market share in 2022, accounting for more than three-fifths of the POLED panel market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the wearables segment is projected to manifest the highest CAGR of 20.76% from 2023 to 2032 due to increase in use of wearables to detect heart rate, and monitor SpO2 of the user which can be directed to physicians for further consultation with the physicians.

North America to M aintain its D ominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global POLED panel market revenue. Asia-Pacific region is expected to witness the fastest CAGR of 21.11% from 2023 to 2032, owing to the increase in awareness of wearables and smartphones due to miniaturization of the technology.

Leading Market Players:

The report provides a detailed analysis of these key players of the POLED panel market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Key Benefits for Stakeholders

POLED P anel Market Key Segments:

By Type

By Application

By Region

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of " Market Research Reports " and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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