South Korea OLED Market Overviews
South Korean Market size was valued at USD 14.87 Bn. in 2023 and the total South Korean market size is expected to grow at a CAGR of 8.9% from 2024 to 2030, reaching nearly USD 27.01 Bn. by 2030.
OLED (Organic Light Emitting Diodes) technology produces flat light by layering organic thin films between two conductors. When an electrical current is applied, it emits bright light. Unlike LCDs, which require a white backlight, OLEDs are self-emitting screens that are slimmer and more energy-efficient.
Recent advancements in manufacturing techniques and materials, including the development of flexible and transparent OLEDs, are broadening their applications across various industries. Emerging OLED technologies, such as Micro-OLED and QD-OLED, are anticipated to revolutionize the display sector, driving growth in the South Korea OLED market.
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South Korea OLED Market Scope and Methodology:
The OLED market in South Korea is witnessing significant growth, driven by rising demand across various sectors, including smartphones, televisions, and digital signage. OLED technology is favored in the market due to its exceptional image quality, flexibility, and energy efficiency. In response to emerging demand in fields such as virtual reality, automotive, aviation, architecture, and medical applications, South Korea is actively developing innovative display solutions. This includes versatile displays with no design limitations, such as foldable, rollable, and stretchable options, as well as transparent OLEDs and advanced 3D displays like holograms.
South Korea OLED Market Regional Insights
Several government initiatives in South Korea are expected to drive growth in the OLED market by promoting technological innovation and sustainable practices. Government policies have been put in place to promote the growth and acceptance of advanced display technologies, such as OLEDs. These regulations are leading to a need for creative OLED solutions that meet eco-friendly requirements. Additionally, government-run initiatives have informed businesses and consumers about the advantages of OLED technology and its uses.
South Korea OLEDMarket Segmentation
In 2023, Active-Matrix OLED (AMOLED) captured the largest share of the South Korean OLED market. The term AMOLED refers to Active-Matrix OLED, where “active-matrix” indicates the driving electronics or the TFT layer involved. AMOLED displays are widely utilized across various applications, particularly in smartphones, with over 50% of smartphones opting for AMOLED technology instead of LCDs. This includes the latest models from Samsung and all recent iPhone versions from Apple. The increasing preference for OLED displays over LCDs, along with the adoption of AMOLED technology in diverse electronic devices such as mobile phones, tablets, smartwatches, laptops, digital cameras, and televisions, is driving the growth of the South Korean OLED market.
South Korea OLED Market Key Players
Samsung Display Co., Ltd
BOE Technology Group Co.
LG Display Co., Ltd
Xiaomi
Others
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Key questions answered in the South Korea OLED Market are:
- What is South Korea OLED ?
- What was the South Korea OLED market size in 2023?
- What is the growth rate of the South Korea OLED Market?
- Which are the factors expected to drive the South Korea OLED market growth?
- What are the different segments of the South Korea OLED Market?
- What growth strategies are the players considering to increase their presence in South Korea OLED ?
- What are the upcoming industry applications and trends for the South Korea OLED Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the South Korea OLED Market?
- Who are the leading companies and what are their portfolios in South Korea OLED Market?
- What segments are covered in the South Korea OLED Market?
- Who are the key players in the South Korea OLED market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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