OLED Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 55.18 Billion
CAGR (2026-2031)	19.26%
Fastest Growing Segment	AMOLED
Largest Market	Asia Pacific
Market Size (2031)	USD 158.76 Billion

Market Overview

The Global OLED Market will grow from USD 55.18 Billion in 2025 to USD 158.76 Billion by 2031 at a 19.26% CAGR. Organic Light Emitting Diode technology utilizes organic compounds that emit light when electrified to create self-emissive displays with superior contrast and deep black levels without a backlight. The primary driver supporting market growth is the escalating demand for energy efficiency and high visual fidelity in premium consumer electronics which compels manufacturers to transition away from traditional liquid crystal technologies. According to the Korea Display Industry Association, in 2023, the global OLED market size was recorded at 42.4 billion dollars.

However, a significant challenge impeding broader market expansion is the prohibitive manufacturing cost associated with producing large panels. High production expenses and technical complexities often result in lower yield rates compared to established display alternatives and this limits widespread adoption in price sensitive sectors such as budget televisions and monitors.

Key Market Drivers

Rising penetration in laptops, tablets, and high-end IT peripherals is a primary catalyst for industry expansion, fundamentally shifting the revenue focus from smartphones to medium-sized screens. Manufacturers are aggressively scaling production capabilities to accommodate the demand for tandem-stack structures and higher refresh rates required by premium IT devices. This strategic pivot is exemplified by major capital expenditures aimed at dedicated manufacturing lines. According to The Chosun Daily, March 2024, in the 'Samsung Display to launch world's first 8.6-gen IT OLED line' article, Samsung Display confirmed a 3.1 billion dollar investment to establish an 8.6-generation production facility specifically tailored for IT OLED panels by 2026. Such infrastructure developments allow for superior cutting efficiency and cost reductions, directly addressing the supply constraints that previously hindered adoption in the computing sector.

Accelerated integration into automotive digital cockpits and infotainment systems serves as the second vital driver, pushing the technology beyond consumer electronics into the mobility sector. Modern software-defined vehicles increasingly utilize p-OLED and ATO solutions to create pillar-to-pillar displays that offer high visibility and design flexibility for curved dashboards. This trend is securing long-term revenue streams for panel makers as they collaborate directly with car manufacturers. According to LG Display, January 2024, in the 'LG Display Unveils the World's Largest Automotive Display to Advance Future Mobility at CES 2024' press release, the company secured ten premium global automakers across Europe, North America, and Korea as clients within four years of initiating mass production. This diversification is critical for overall market stability. According to the Korea Display Industry Association, in 2024, the OLED segment is projected to reach a 36.6% market share within the entire global display industry, highlighting the successful broadening of applications.

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Key Market Challenges

A significant challenge hindering the Global OLED Market is the prohibitive manufacturing cost associated with producing large panels. The production process for these expansive screens involves intricate deposition layers and requires high precision equipment, which significantly drives up operational expenses. Furthermore, maintaining consistent yield rates is technically difficult as a higher frequency of defects in large panels leads to substantial material waste and elevated unit costs. These economic factors compel manufacturers to maintain high price points to recover their investments, thereby alienating consumers with strict budget constraints.

Consequently, this cost barrier directly restricts the penetration of the technology into sectors sensitive to price such as mass market televisions and desktop monitors. While premium segments absorb these costs, the broader market remains dominated by more affordable alternatives. This pricing disparity limits the shipment volume potential compared to established display technologies. According to the Korea Display Industry Association, in 2024, the global OLED market size was valued at approximately 44.0 billion dollars. Although this figure indicates scale, the high expense of fabricating large panels continues to cap the potential expansion of the market into high volume categories.

Key Market Trends

The proliferation of Micro-OLED technology, specifically OLED on Silicon (OLEDoS), is redefining the visual experience in extended reality (XR) headsets. Unlike traditional panels, these displays utilize silicon wafers to achieve the ultra-high pixel densities required for immersive applications, effectively eliminating the screen-door effect. Manufacturers are accelerating the development of RGB OLEDoS to meet the stringent performance demands of next-generation spatial computing. According to Samsung Display, January 2024, in the 'Samsung Display Showcases Future Tech at CES 2024' press release, the company unveiled an RGB OLEDoS display featuring a pixel density of 3,500 PPI designed specifically for XR devices. This innovation enables the production of lighter, efficient wearables with high-fidelity visuals.

The emergence of transparent OLED solutions is simultaneously creating novel opportunities in commercial architecture and retail signage. This trend leverages the self-emissive nature of organic diodes to create screens that function as clear glass when inactive, offering spatial integration capabilities that opaque screens cannot match. The technology is scaling to accommodate large-scale installations in windows and partitions, seamlessly blending digital content with physical environments. According to LG Display, January 2024, in the 'LG Display Showcases Next-Generation Display Solutions at CES 2024' press release, the company introduced a 77-inch screen which features 40 percent transparency. This advancement facilitates versatile installation in commercial venues, driving adoption beyond traditional entertainment.

Segmental Insights

The Active Matrix Organic Light Emitting Diode (AMOLED) segment currently represents the fastest-expanding category within the global OLED market. This rapid development is primarily driven by the widespread integration of this technology into smartphones and wearable devices. Unlike passive matrix alternatives, AMOLED panels provide individual pixel control, which results in significant power efficiency and supports the production of thinner, flexible display formats. Consequently, major consumer electronics manufacturers are increasingly transitioning to this technology to meet the demand for energy-efficient devices, thereby fueling substantial segmental growth.

Regional Insights

Asia Pacific holds the leading position in the global OLED market, driven by extensive manufacturing capabilities in South Korea, China, and Japan. The region benefits from the presence of major industry players like Samsung Display and LG Display, who maintain large-scale production facilities. This dominance is supported by favorable industrial policies from agencies such as South Korea's Ministry of Trade, Industry and Energy, which encourage sector growth. Furthermore, high consumption of smartphones and televisions across the region provides consistent demand for display components, reinforcing the established local supply chain.

Recent Developments

In November 2024, TCL CSOT officially announced the mass production of its Inkjet Printing OLED technology during its global display ecosystem conference. The company successfully manufactured 21.6-inch 4K OLED panels using this innovative printing process, which offered superior image quality and enhanced power efficiency. This achievement represented a major milestone in the commercialization of printed OLEDs, providing a cost-effective alternative to traditional vacuum evaporation methods. The manufacturer also disclosed plans to expand the application of this technology to other sectors, such as medical displays, diversifying the technological options available within the global OLED industry.
In June 2024, LG Display announced the commencement of mass production for the industry's first Tandem OLED panels specifically tailored for laptop applications. These 13-inch displays were engineered to deliver double the lifespan and triple the brightness of conventional single-layer OLED screens, while simultaneously reducing power consumption by up to 40%. The company confirmed that these high-performance components would be integrated into new AI-enabled laptops, addressing the growing requirement for durable and energy-efficient displays in portable computing. This development further solidified the manufacturer's technological leadership in providing advanced OLED solutions for the expanding global IT device market.
In May 2024, a leading consumer electronics corporation launched its newest tablet series equipped with breakthrough Tandem OLED display technology. This product release utilized panels supplied by major manufacturers, including LG Display and Samsung Display, marking a pivotal transition to OLED in its premium lineup. The innovative dual-stack architecture combined two light-emitting layers to achieve higher brightness levels and significantly improved durability compared to single-layer alternatives. This adoption of advanced OLED screens in flagship portable devices signaled a broader trend toward integrating superior display technologies into the mainstream IT hardware market to enhance user visual experiences.
In March 2024, BOE Technology Group conducted a groundbreaking ceremony for its Generation 8.6 AMOLED production line in Chengdu, China. With a total investment of 63 billion Yuan, this facility was established to manufacture mid-sized OLED displays specifically for high-end laptops and tablets. The plant was designed to process 32,000 glass substrates per month while utilizing advanced low-temperature polycrystalline oxide technology to enhance energy efficiency. This strategic expansion underscored the company's commitment to strengthening its position in the semiconductor display industry and meeting the rising global demand for advanced IT OLED panels across the international market.

Key Market Players

Samsung Display Co., Ltd.
LG Display Co., Ltd.
BOE Technology Group Co., Ltd.
Universal Display Corporation
Tianma Micro‑electronics Co., Ltd.
AU Optronics Corporation
Japan Display Inc.
Visionox Co., Ltd.
EverDisplay Optronics Co., Ltd.
JOLED Inc.

By Application	By Technology	By Region
Display Panel Vs Lighting Panel	PMOLED Vs AMOLED	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global OLED Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

OLED Market, By Application:

Display Panel Vs Lighting Panel

OLED Market, By Technology:

PMOLED Vs AMOLED

OLED Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global OLED Market.

Available Customizations:

Global OLED Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global OLED Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global OLED Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Application (Display Panel Vs Lighting Panel)

5.2.2. By Technology (PMOLED Vs AMOLED)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America OLED Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Application

6.2.2. By Technology

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States OLED Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Application

6.3.1.2.2. By Technology

6.3.2. Canada OLED Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Application

6.3.2.2.2. By Technology

6.3.3. Mexico OLED Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Application

6.3.3.2.2. By Technology

7. Europe OLED Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Application

7.2.2. By Technology

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany OLED Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Application

7.3.1.2.2. By Technology

7.3.2. France OLED Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Application

7.3.2.2.2. By Technology

7.3.3. United Kingdom OLED Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Application

7.3.3.2.2. By Technology

7.3.4. Italy OLED Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Application

7.3.4.2.2. By Technology

7.3.5. Spain OLED Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Application

7.3.5.2.2. By Technology

8. Asia Pacific OLED Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By Technology

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China OLED Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By Technology

8.3.2. India OLED Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By Technology

8.3.3. Japan OLED Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By Technology

8.3.4. South Korea OLED Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Application

8.3.4.2.2. By Technology

8.3.5. Australia OLED Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Application

8.3.5.2.2. By Technology

9. Middle East & Africa OLED Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By Technology

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia OLED Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By Technology

9.3.2. UAE OLED Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By Technology

9.3.3. South Africa OLED Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By Technology

10. South America OLED Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By Technology

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil OLED Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By Technology

10.3.2. Colombia OLED Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By Technology

10.3.3. Argentina OLED Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By Technology

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global OLED Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Samsung Display Co., Ltd.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. LG Display Co., Ltd.

15.3. BOE Technology Group Co., Ltd.

15.4. Universal Display Corporation

15.5. Tianma Micro‑electronics Co., Ltd.

15.6. AU Optronics Corporation

15.7. Japan Display Inc.

15.8. Visionox Co., Ltd.

15.9. EverDisplay Optronics Co., Ltd.

15.10. JOLED Inc.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global OLED Market in 2025?

Which is the dominating region in the Global OLED Market?

Which is the fastest growing segment in the Global OLED Market?

What is the expected growth rate of the Global OLED Market?

Global OLED Market, By Application (Display Panel Vs Lighting Panel), By Technology (PMOLED Vs AMOLED), By Technology (PMOLED Vs AMOLED), Competition Forecast & Opportunities, 2021-2031F

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global OLED Market in 2025?

Which is the dominating region in the Global OLED Market?

Which is the fastest growing segment in the Global OLED Market?

What is the expected growth rate of the Global OLED Market?