OLED Panel Market Size, Price Trends, Top Companies, Report 2023-2028
The latest research study “ OLED Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” by IMARC Group, finds that the global OLED panel market size reached US$ 35.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.0 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028. Organic light-emitting diode (OLED) panels are manufactured utilizing natural materials that radiate light when electricity is applied. They comprise a backplane, front plane, substrate, and encapsulation layer to avoid oxygen and moisture. OLED panels are thinner, more efficient, and flexible, owing to the elimination of filters and backlights compared to liquid-crystal display (LCD) panels. They offer fast response time, superior viewing angles, and small-size form factors. In addition, OLED panels provide bright colors, fast motion, enhanced image quality, and high contrast. As a result, these boards find widespread app