pOLED, short for plastic organic light-emitting diode, is a display technology that uses plastic organic materials to emit light through the application of an electric current. Like traditional OLED displays, pOLED relies on organic compounds that emit light when electrically stimulated. However, what distinguishes POLED panels is their flexible plastic substrates, which make them thinner, lighter, and more robust compared to OLEDs with glass substrates. These plastic materials emit light in various colors, resulting in vivid and captivating displays with high contrast ratios.
The fundamental structure of a POLED panel consists of several layers between two electrodes, including an anode, a hole transport layer, an emissive layer with organic materials, and a cathode. When an electric current is applied, the positive and negative charge carriers meet in the emissive layer, leading to light emission. The flexibility of the plastic substrate enables the creation of curved and flexible displays, making them ideal for innovative and unique designs in electronic devices.
POLED panels offer numerous advantages over other display technologies. One of the key benefits is their self-emissive property, meaning each pixel emits its light, eliminating the need for a separate backlight. This enhances energy efficiency as only active pixels consume power, making POLED panels more power-efficient than LCDs. Moreover, their lack of a backlight allows POLED panels to achieve deep blacks and improved contrast, resulting in superior image quality and sharper visuals. In addition, the flexibility of the plastic substrate opens up new possibilities for foldable and rollable displays, paving the way for exciting applications in consumer electronics, wearables, automotive displays, and smart clothing.
Despite these advantages, POLED panels face challenges related to the long-term stability of organic materials, which degrade over time and affect the display's longevity. Manufacturers are actively working on refining materials and technologies to overcome these issues and advance POLED panel technology further.
The POLED panel market analysis is expected to expand significantly during the forecast period owing to the increase in use of POLED panel in automotive industry, and surge in energy efficient POLED panel for wearables. In addition, during the forecast period, the POLED panel market is anticipated to benefit from surge in use of POLED panels for consumer electronics, and healthcare application. On the contrary, the high manufacturing costs and complex fabrication process associated with POLED panels is the restraint for POLED panel market growth during the forecast period.
The POLED panel market is segmented into type, application, and region. On the basis of type, the market is classified into flexible pOLED displays, foldable pOLED displays, and others. In 2022, the flexible pOLED displays segment dominated the market, and it is expected to acquire a major market share till 2032. Depending on application, the market is categorized into smartphones and wearables. The smartphones segment acquired the largest share in 2022 and wearables segment is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the POLED panel market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major POLED panel market players that have been provided in the report include LG DISPLAY CO., LTD., Motorola Mobility LLC (Lenovo), Google (Alphabet Inc.), and Apple Inc. The key strategies adopted by the major players of the POLED panel market are product launch and business expansion.
The fundamental structure of a POLED panel consists of several layers between two electrodes, including an anode, a hole transport layer, an emissive layer with organic materials, and a cathode. When an electric current is applied, the positive and negative charge carriers meet in the emissive layer, leading to light emission. The flexibility of the plastic substrate enables the creation of curved and flexible displays, making them ideal for innovative and unique designs in electronic devices.
POLED panels offer numerous advantages over other display technologies. One of the key benefits is their self-emissive property, meaning each pixel emits its light, eliminating the need for a separate backlight. This enhances energy efficiency as only active pixels consume power, making POLED panels more power-efficient than LCDs. Moreover, their lack of a backlight allows POLED panels to achieve deep blacks and improved contrast, resulting in superior image quality and sharper visuals. In addition, the flexibility of the plastic substrate opens up new possibilities for foldable and rollable displays, paving the way for exciting applications in consumer electronics, wearables, automotive displays, and smart clothing.
Despite these advantages, POLED panels face challenges related to the long-term stability of organic materials, which degrade over time and affect the display's longevity. Manufacturers are actively working on refining materials and technologies to overcome these issues and advance POLED panel technology further.
The POLED panel market analysis is expected to expand significantly during the forecast period owing to the increase in use of POLED panel in automotive industry, and surge in energy efficient POLED panel for wearables. In addition, during the forecast period, the POLED panel market is anticipated to benefit from surge in use of POLED panels for consumer electronics, and healthcare application. On the contrary, the high manufacturing costs and complex fabrication process associated with POLED panels is the restraint for POLED panel market growth during the forecast period.
The POLED panel market is segmented into type, application, and region. On the basis of type, the market is classified into flexible pOLED displays, foldable pOLED displays, and others. In 2022, the flexible pOLED displays segment dominated the market, and it is expected to acquire a major market share till 2032. Depending on application, the market is categorized into smartphones and wearables. The smartphones segment acquired the largest share in 2022 and wearables segment is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the POLED panel market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major POLED panel market players that have been provided in the report include LG DISPLAY CO., LTD., Motorola Mobility LLC (Lenovo), Google (Alphabet Inc.), and Apple Inc. The key strategies adopted by the major players of the POLED panel market are product launch and business expansion.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the poled panel market analysis from 2022 to 2032 to identify the prevailing poled panel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the poled panel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global poled panel market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Flexible pOLED Displays
- Foldable pOLED Displays
- Others
By Application
- Smartphones
- Wearables
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Apple Inc.
- LG DISPLAY CO., LTD.
- Google (Alphabet Inc.)
- Motorola Mobility LLC (Lenovo)
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLED PANEL MARKET, BY TYPE
CHAPTER 5: POLED PANEL MARKET, BY APPLICATION
CHAPTER 6: POLED PANEL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the poled panel market was valued at $836.82 million in 2022, and is estimated to reach $5.2 billion by 2032, growing at a CAGR of 20.1% from 2023 to 2032.The POLED panel market is likely to experience a significant growth rate of 20.1% from 2023-2032 owing to increase in use of POLED panel in applications such as smartphones and wearables
A Plastic Organic Light Emitting Diode (POLED) panel is an advanced display technology that combines the advantages of organic light-emitting diodes (OLED) with a flexible plastic base. OLEDs are electronic components that emit light when an electric current passes through them, showcasing features like independent pixel illumination for deep blacks, vibrant colors, and high contrast. POLED panels stand out due to their use of flexible plastic instead of the traditional rigid glass substrate. This results in a slimmer, lighter design that can be curved or bent, sparking creativity in designing curved, foldable, or even rollable displays for devices such as smartphones, TVs, and wearables. POLED panels maintain OLED's outstanding image quality while enhancing design options with their adaptable, lightweight nature.
The creation of POLED panels involves applying multiple organic layers onto the plastic substrate. These organic layers contain diverse materials that effectively transport and emit electrons and holes, generating light when an electric current flows through them. The specific organic components used in POLED panels can be customized to emit distinct colors, contributing to the panel's capability to reproduce precise and lively colors. Incorporating plastic substrates empowers these panels to endure bending and curving without compromising performance. Nonetheless, challenges related to longevity and durability compared to conventional glass-based OLED panels exist, as plastic substrates might be more susceptible to wear and tear over time. Nevertheless, POLED technology remains a significant contender in the evolution of display technology, offering aesthetic and practical benefits in the constantly expanding realm of electronic devices.
Key drivers behind the expansion of the POLED panel market encompass rising requests for inventive and adaptable display resolutions in consumer electronics, spanning smartphones, televisions, and wearables. The distinct amalgamation of organic light-emitting diode advancements with pliable plastic substrates facilitates the formation of curved, foldable, and rollable screens, enriching user interaction and creative design potentials. Furthermore, the prospect of lightweight and energy-frugal displays, along with progressions in organic components and production methodologies, additionally accelerate the uptake of POLED panels in diverse sectors, nurturing a vibrant market milieu.
The pOLED (Plastic OLED) display market is poised for growth during the forecast period, driven by the increase in the use of POLED panels in consumer electronics and healthcare sectors. The flexible and lightweight design of POLED panels makes them well-suited for incorporation into smartphones, tablets, wearables, and other portable devices, contributing to the rise in popularity of consumer electronics. Consumers' demand for visually stunning and immersive displays drives the market's expansion in this sector. Simultaneously, the healthcare industry has experienced a surge in the use of POLED panels in wearable medical devices, benefiting from their flexibility and thin form factor, which enhance patient comfort and enable longer wear times. POLED panels find applications in medical imaging devices and diagnostic equipment. While these opportunities exist, challenges like high manufacturing costs and complex fabrication processes hinder widespread adoption, necessitating further advancements to fully unlock the market's potential.
The market for POLED panels holds promising opportunities for its main participants, given the escalating need for cutting-edge display technologies such as plastic organic light-emitting diode (POLED) panels. With their adaptability, lightness, and ability to generate curved and foldable displays, POLED panels address a wide array of uses including smartphones, TVs, wearables, and beyond. This developing scenario provides a favorable setting for key players in the industry to leverage the growing market, tapping into the potential for enduring expansion and advancement.
The POLED panel display market is analyzed by type, application, and region. On the basis of type, the market is segmented into curved POLED panel displays, flexible POLED panel displays, foldable POLED panel displays, and others. Depending on application, the market is categorized into smartphones, and wearables.
Region-wise, the POLED panel market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global POLED panel market players that have been provided in the report LG DISPLAY CO., LTD., Motorola Mobility LLC (Lenovo), Google (Alphabet Inc.), and Apple Inc. For instance, in June 2023, Motorola announced the launch of Moto Razr+, and Moto Razr its next series of folding phones. The display panel of these smartphones are made from pOLED display.
Key Market Insights
The global poled panel market was valued at $836.82 million in 2022.The flexible poled displays segment was the highest revenue contributor to the market, with $637.35 million in 2022, and is estimated to reach $4.12 billion by 2032, with a CAGR of 20.56%.
The smartphones segment was the highest revenue contributor to the market.
North America was the highest revenue contributor, accounting for $322.93 million in 2022, and is estimated to reach $1.98 billion by 2032, with a CAGR of 19.95%. Europe is estimated to reach $1.51 billion by 2032, at a significant CAGR of 20.42%.
Companies Mentioned
- Apple Inc.
- LG DISPLAY CO., LTD.
- Google (Alphabet Inc.)
- Motorola Mobility LLC (Lenovo)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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