OLED Materials Market Size, Share, Growth and Future Scope.docx

1. OLED Materials Market Size, Share, Growth and Future Scope 1 ©P&SIntelligence.Allrightsreserved

2. The technology of TV displays has evolved significantly from the cathode ray tubes of the mid-20th century to the liquid crystal displays (LCDs) and light- emitting diodes (LEDs) of the first decade of the 21st century. With efforts on to make the displays even better, organic light-emitting diodes (OLEDs) have been invented, which are rapidly becoming popular in TVs, smartphones, laptops, tablets, and automotive displays. This is because of the several advantages OLED screens offer, including brighter pictures, larger viewing angles, ability to work in a wider temperature range, and lower power consumption. Moreover, OLEDs are so thin that they can be used for curved and folded screens, which are becoming rapidly popular, especially in wearable devices and other consumer electronics. Similarly, transparent displays, which are helping revolutionize advertising activities, have become possible due to OLEDs. P&S Intelligence cites these advantages and the constant research being put in to make the technology better while forecasting that the OLED materials market value, which stood at $6,000.0 million in 2016, will reach $27,818.4 million by 2023, at a 24.5% CAGR between 2017 and 2023. Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/oled-materials- market/report-sample Apart from displays, OLEDs are being researched upon as a potential source of general lighting. Unlike compact fluorescent lamps (CFLs) and LED lights, OLED lights can light up large areas homogeneously, which means that there are no exceptionally bright and dark spots in a room; the entire room is lit uniformly. Moreover, since OLEDs are thin and flexible, they can be adapted to innovative and sleek fixture designs. For this reason, the potential application of OLEDs in vehicle lights is also being explored, especially with the rising demand for cars that have a modern look and design. However, since OLED lighting technology requires high investments, it has not yet been commercialized, which is why most of the OLEDs are used in displays. As a result, the consumer electronics sector generates a much higher demand for OLED anodes and cathodes, substrates, encapsulations, emitting layers (EML), electron transport layers (ETL), and hole injection layers (HIL). Presently, much of these materials go into the production of the electronic devices used in homes. This has been because of the rising disposable income of people, which is enabling them to spend on smartphones, flat-screen TVs, tablets, and laptops. Another key application of OLEDs in the future could be automotive digital instrument clusters, which display various pieces of vehicle-, journey-, and driver-related information to make roads safer. With more than 1.3 million dying in road accidents each year, as per the World Health Organization (WHO), the integration of advanced driver-assistant systems (ADAS) has been mandatory in many countries. To display the information that such systems generate, OLED screens will be used, which will create a high demand for the associated materials and components.

3. Due to the high automotive and consumer electronics production, the OLED materials market will continue to be led by Asia-Pacific (APAC) in the years to come. China, South Korea, India, and Japan are home to some of the largest consumer electronics and automotive manufacturers. Moreover, with the rising urbanization rate in the region, the purchasing power of people is increasing, which is propelling automotive and consumer electronics sales. In addition, the road accident and fatality rates are rather high here, which is why most of the vehicles in the future are expected to have ADAS. Browse full report at: https://www.psmarketresearch.com/market- analysis/oled-materials-market Hence, with the growing sales of automobiles and consumer electronics, the consumption of OLED materials will burgeon too. GLOBAL OLED MATERIALS MARKET By Type – Cathode, EML, ETL, HIL, Anode, Encapsulation, Substrates, and Others By Application – Display (Television and Monitors, Smartphones, Notebooks and Tablets, Automotive, and Others), and Lighting By End User – Residential, Commercial, and Industrial By Region – North America, Europe, Asia-Pacific (APAC), and LAMEA © P&S Intelligence. All rights reserved • • • • 3

4. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved