CHICAGO, March 19, 2021 /PRNewswire/ — According to the new market research report “OLED Market with COVID-19 Impact Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, the OLED Market size was valued at USD 38.4 billion in 2021 and is projected to reach USD 72.8 billion by 2026. It is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of OLED displays in smartphones, significant investments in building new facilities to manufacture OLED panels, high demand for better viewing experience, especially from smartphone and television consumers, rapid advances in OLED technology, increased demand for AMOLED displays in AR/VR headset applications, and financial support from governments worldwide for OLED lighting research are the key driving factors for the OLED market.
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Display devices to hold major share of the OLED market during the forecast period.
Display panels are used in various applications, including TVs, desktop PCs, notebooks, and smartphones. There are various types of displays, such as flat panel displays, flexible displays, and transparent displays, which are integrated with technologies such as organic light-emitting diode (OLED), LED-backlit LCD, Quantum dot LED, E-paper, and others….