Display Technology

OLED market to reach $72.8B by 2026

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March 25, 2021

The OLED market will grow from $38.4 billion in 2021 to $72.8 billion in 2026, according to a report by MarketsandMarkets. It will also grow at a compound annual growth rate of 13.6% during the forecasted period.

Some of the key drivers of this growth include demand for AMOLED displays in AR/VR headset applications, adoption of OLED displays in smartphones and support for OLED lighting research by governments. The consumer segment will hold a more than 90% market share of the OLED market during the forecasted period.

Europe will also see major growth in the OLED space due to increasing adoption of consumer electronic devices and adoption for automobile applications.