OLED Technology Market Size, Share, Opportunities, And Trends By Application [Display (Television, Smartphones, Notebooks, Tablets, Automotive), Lighting (Commercial, Industrial, Residential)], By Display Technology (Amoled, Pmoled), And By Geography - Forecasts From 2025 To 2030

Organic Light Emitting Diode (OLED) technology market is expected to grow from US$47.07 billion in 2025 to US$91.65 billion in 2030 at a CAGR of 14.26% during this period. 

Organic Light Emitting Diode (OLED) is a light-emitting diode featuring a film of organic compounds that emits light when an electric current passes through it. The organic layer is positioned between two electrodes. OLEDs are used to create digital displays for television screens, computers, smartphones, and gaming devices. They are made up of small molecules or polymers. OLEDs function without a backlight, enabling them to display deep black levels while being thinner and lighter than LCDs.

A major reason for the growth of the OLED market is the increase in smartphone users and the innovation of foldable phones. Countries are witnessing substantial growth in the adoption of smartphones and wearable devices. As of 2025, North America maintains the highest penetration of smartphones. The number of smartphone users is surging in the Asia Pacific region, which is also investing heavily in the electronic device industry. OLEDs are extensively used in smartphones, and this growth in users is expected to drive the OLED market. Japan, China, and South Korea are projected to account for the largest share of the organic light-emitting diode market in the Asia Pacific region. Additionally, many companies have launched foldable smartphones using flexible OLED panels, with more expected to introduce such devices in 2025 and beyond. The rise in investment is anticipated to boost demand for this market through the forecast period.

The OLED market has experienced significant investment due to its convenient usability, superior image quality, and rollable displays. It is extra thin, enables self-emission, and is lightweight. Moreover, it consists of hydrogen and carbon, making it organic. These qualities, combined with rapidly increasing investment, are expected to fuel the growth of the OLED market. The availability of low-cost inputs in the Asia Pacific region and urbanization in Europe are anticipated to further propel this market’s expansion.

The cheap labor and lower prices of raw materials in the Asia Pacific region are projected to contribute to the efficient production of OLEDs. This is expected to heighten competition in the global market. Market participants are forming partnerships to increase productivity and offer cost-efficient solutions. Additionally, with growing urbanization in European countries, the lighting industry is poised for growth, which in turn will drive the expansion of OLEDs in the global market.

The rising need for energy-saving alternatives is also projected to positively impact OLED sales. OLEDs are highly cost-efficient and energy-saving; they emit light themselves, and the intensity of each pixel can be adjusted by altering the power output. As a result, darker portions of an image consume less power compared to brighter areas. Due to these features, the OLED market is expected to grow.

Various initiatives undertaken by governments across the globe are also expected to influence this market. To promote and develop OLEDs in the electronics sector, several measures have been implemented. For instance, as of 2024, the Indian government has introduced incentive schemes to establish display fabrication facilities in India. In Germany, the government provides subsidies to municipalities replacing public lighting with OLED technology. Additionally, Middle Eastern countries have an association called the Middle East Lighting Association, which works to promote energy-efficient lighting practices. Similarly, governments worldwide have launched initiatives to encourage OLED adoption to reduce costs and pollution.

The eco-friendly nature of OLEDs and an increase in their life expectancy are also boosting demand for this market. The lifetime of OLED panels has improved significantly, with current estimates ranging from 30,000 to 50,000 hours of use before light output decreases to 70 percent of its initial value. Moreover, OLEDs are considered highly eco-friendly. These advances serve as one of the major growth drivers of the global OLED market.

Segmentation:

• By Application
  • Display
  • Television
  • Smartphones
  • Notebooks
  • Tables
  • Automotive
  • Lighting
  • Commercial
  • Industrial
  • Residential
• By Display Technology
  • AMOLED
  • PMOLED
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Taiwan
    • Indonesia
    • Thailand
    • South Korea
    • Others

Samsung Technology

LG Electronics

OSRAM GmbH

Acuity Brands Lighting Inc.

Novaled GmbH

Koninkijke Philips N.V.

Panasonic

AU Optronics Corp.

Apple Inc.

Google