OLED Panels Transform Consumer Electronics and Televisions, Driving Market Expansion

Company Logo

Company Logo

Global OLED Panel Market

Global OLED Panel Market

Global OLED Panel Market

Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) — The “OLED Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global OLED panel market has demonstrated impressive growth, reaching a significant US$ 35.8 Billion in 2022. Projections from industry experts indicate continued expansion, with the market poised to reach a substantial US$ 71.0 Billion by 2028, exhibiting a remarkable compound annual growth rate (CAGR) of 12.2% during the period from 2023 to 2028.

Revolutionizing Displays with OLED Panels:

Organic Light-Emitting Diode (OLED) panels are constructed from organic materials that emit light when an electric current is applied. These panels consist of a substrate, backplane, frontplane, and encapsulation layer to prevent oxygen and moisture infiltration. OLED panels offer efficiency, thinness, and flexibility due to the absence of backlights and filters, in contrast to Liquid-Crystal Display (LCD) panels. They provide superior viewing angles, rapid response times, and compact form factors while delivering enhanced image quality, vibrant colors, smooth motion, and high contrast. OLED panels are widely adopted in televisions (TVs), smartphones, handheld game consoles, computer monitors, and personal digital assistants (PDAs).

Market Trends and Drivers:

  1. Surging Demand for OLED Televisions: OLED TVs are gaining popularity due to advantages in viewing angles and black levels, contributing significantly to market growth.

  2. Rise of Foldable Smartphones: OLED panels are essential for manufacturing enhanced and foldable smartphones, further boosting the market.

  3. Investment in R&D: Leading market players are heavily investing in research and development (R&D) efforts to incorporate transparent OLED display panels and active-matrix organic light-emitting diode (AMOLED) panels, enhancing market prospects.

  4. Consumer Electronics Demand: Growing demand for consumer electronics, including computers, laptops, smartphones, tablets, gaming consoles, wearables, digital cameras, virtual reality (VR), and augmented reality (AR) devices, fuels market growth.

  5. Awareness of OLED Benefits: Increased awareness of the advantages of OLED displays, such as energy efficiency, sunlight readability, and easier recycling compared to LCD panels, creates lucrative opportunities for industry investors.

Key Market Segmentation:

The report presents comprehensive market segmentation:

  • Type: Flexible, Rigid, Transparent

  • Technology: PMOLED Display, AMOLED Display

  • Size: Small-sized OLED Panel, Medium-sized OLED Panel, Large-sized OLED Panel

  • End User: Mobile and Tablet, Television, Automotive, Wearable, Others

  • Region: North America, Asia-Pacific, Europe, Latin America, Middle East and Africa

Competitive Landscape:

Key players in the OLED panel market include BOE Technology Group Co. Ltd., Innolux Corporation, Koninklijke Philips N.V., LG Display (LG Electronics Inc.), OSRAM OLED GmbH (OSRAM GmbH), Raystar Optronics Inc., RITEK Corporation, Samsung Display Co. Ltd. (Samsung Electronics Co., Ltd.), Sony Group Corporation, Universal Display Corporation, Visionox Co. Ltd, Winstar Display Co. Ltd., and WiseChip Semiconductor Inc.

Key Questions Addressed in the Report:

  1. What was the global OLED panel market size in 2022?

  2. What is the projected CAGR for the market during 2023-2028?

  3. What are the primary factors fueling market growth?

  4. How has COVID-19 impacted the OLED panel market?

  5. What is the market breakdown by type, technology, size, and end user?

  6. Which

Read More

Asus ROG Swift PG27AQDM OLED Gaming Monitor Review: Can It Get Any Better?

There are many good gaming monitors available in all sizes, shapes, and budgets. Only a handful can be called great. What does it take for a display to make this list? Speed is certainly a huge factor; you can’t throw a rock without hitting a monitor that runs at a minimum of 144 Hz. 165 Hz is becoming more common, and 240 Hz is well represented. The bleeding edge is occupied by 360 Hz and now 500 Hz screens.

If you’ve read monitor reviews here at Tom’s Hardware, you know that we consider image fidelity a nearly equal part of the equation, and at the top of that list is contrast. Nothing affects our perception of a 2D image more than the difference between black and white. Lately, Mini LED panels have made huge strides in this area, and I’ve even called them “nearly as good as OLED.” But the operative word is “nearly.” OLED is still king, and in this review, I’ll be testing a 27-inch 16:9 OLED display, Asus ROG Swift PG27AQDM. Spoiler alert: it’s incredible in pretty much every way, which makes it a prime candidate for our best gaming monitors list.

Asus ROG Swift PG27AQDM Specs

Swipe to scroll horizontally
Panel Type / Backlight OLED
Screen Size / Aspect Ratio 26.5 inches / 16:9
Max Resolution & Refresh Rate 2560×1440 @ 240 Hz
  FreeSync: 40-240 Hz
  G-Sync Compatible
Native Color Depth & Gamut 10-bit / DCI-P3
  HDR10
Response Time (GTG) 0.03ms
Brightness 300 nits SDR
  800 nits HDR
Contrast Infinite
Speakers None
Video Inputs 1x DisplayPort 1.4
  2x HDMI 2.0
Audio 3.5mm headphone output
USB 3.0 1x up, 2x down
Power Consumption 45.1w, brightness @ 200 nits
Panel Dimensions 23.8 x 17.2-21.5 x 10.8 inches
WxHxD w/base (605 x 438-548 × 274mm)
Panel Thickness 2 inches (50mm)
Bezel Width Top/sides: 0.35 inch (9mm)
  Bottom: 0.9 inch (11mm)
Weight 15.2 pounds (6.9kg)
Warranty 3 years

The PG27AQDM starts with an OLED panel made by AU Optronics. It’s my first time testing an OLED not made by LG Display. The viewable area is 26.5 inches, so with QHD (2560×1440) resolution, we get a pixel density of 111ppi. That’s important because nearly all OLEDs today are UHD (3840×2160). However, the larger screens don’t necessarily have sharper images. Consider that a 42-inch OLED panel like Asus’ own PG42UQ has a density of 105ppi.

With QHD resolution comes higher frame rates, and the PG27AQDM offers a maximum refresh rate of 240 Hz with a claimed 0.03ms response time. I found it quicker than any other 240 Hz monitor during testing. In fact, it matches the total lag time I’ve measured for a typical 360 Hz screen and is only a few milliseconds behind the Alienware AW2524H 500 Hz display. It achieves this feat without an overdrive or blur reduction feature. It also includes both flavors of Adaptive-Sync operating over a range of 40 to 240

Read More