Technavio, a tech-focused market research firm, has published a new report on the global automotive OLED market, which is expected to grow at a CAGR of close to 22% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global automotive OLED market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global automotive OLED market are elaborated below:
OLED display market in APAC: China and South Korea are the key revenue contributors to the OLED display market in APAC owing to their flourishing manufacturing industries. During the forecast period, more number of Chinese players are anticipated to venture into the OLED display market space, thereby facilitating the growth of the market in the APAC region.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on displays, “South Korea contributed the largest revenue share in APAC owing to the manufacturing of OLED displays for mobile devices. South Korea leads the market due to Samsung Display, who has the leading market position for smartphone OLED displays.”
OLED display market in the Americas: According to the market research analysts at Technavio, the market for OLED displays in the Americas is likely to experience significant growth during the forecast period. The projected fall in manufacturing costs in the Americas is expected to prompt OLED vendors to set up manufacturing bases in the Americas, thereby facilitating market growth.
OLED display market in EMEA: EMEA has strong trade roots with APAC because most of the display manufacturing OEMs and OLED display vendors have their manufacturing plants in APAC. Therefore, along with saving cost on supply logistics and labor, the final display products are also assembled in APAC.
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The leading vendors operating in the global OLED display market are:
- LG Display
- Samsung Display
Other prominent vendors in the market include AU Optronics, BOE Technology, CSOT, EverDisplay Optronics (EDO), Japan Display, RiTdisplay, Universal Display, and Visionox.
A more detailed analysis is available in the Technavio report titled, ‘Global OLED Display Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global LED Phosphor Market 2017-2021
- Global OLED Materials Market 2017-2021
- Global Automotive OLED Market 2017-2021
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