By 2026, the OLED market will reach 72.8 billion U.S. dollars

According to the latest market research report released by MarketsandMarkets™, "The OLED market with COVID-19 impact analysis. The OLED market is worth 38.4 billion U.S. dollars in 2021 and is expected to reach 72.8 billion U.S. dollars by 2026. The compound annual growth rate during the forecast period is 13.6%.

Smartphones are rapidly adopting OLED displays, investing heavily in the construction of new facilities for manufacturing OLED panels, the demand for better viewing experience, especially the needs of smartphones and TV consumers, and the rapid development of OLED technology in AR/VR headset applications The demand for AMOLED displays and the financial support of global governments for OLED lighting research are the main driving factors for the OLED market.
It is expected that during the forecast period, the consumer segment will continue to occupy the largest market share-over 90%.

The vertical consumption areas include smart phones, televisions, smart wearable devices, PC monitors and notebook computers, and tablets, all of which occupy an important share of the global OLED market. With the significant advancement of technology, such as the improvement of the image clarity of large-screen TVs and the development of smart phones, the consumer electronics market is growing at a very fast rate. OLED technology makes it possible to develop these advanced products. The factors driving the consumer market's demand for OLED products include technological advancement in consumer equipment and global economic growth. OLED displays are widely used in smartphones and televisions.