The Latin America, Middle East and Africa Organic LED Market is expected to witness market growth of 16.3% CAGR during the forecast period (2020-2026).
LED technology is gaining high preferences among consumers due to its properties of being thinner, brighter, light in weight, power-efficient and provides superior contrast in comparison to LCDs. OLEDs provide broad viewing angles, better response time, superior contrast ratios, and more saturated colors to improve the viewing experience of end-users. They are costlier than LED and LCD products. Though, the cost of these products is expected to reduce once the products get more adoption rate in the market. Several emerging and established countries across the globe are shifting their preferences towards energy-efficient lighting solutions. Professionals have foretold that OLED technology is expected to fulfill the needed performance and cost targets in the future, which is expected to help in establishing a smooth transition from traditional to efficient lighting solutions. In addition, government and market investment for R&D activities is expected to further fuel the process of managing technological limitations for the OLED lighting solution.
The OLED market is expected to witness various growth avenues due to many factors including massive acceptance of OLED displays in smartphones, considerable funding for creating new units to make OLED panels, huge demand for the superior viewing experience particularly from smartphone and television consumers, technological developments in OLED technology, growing demand for AMOLED displays in AR/VR headset applications, and investments from governments across the world for OLED lighting research.
The Brazil market dominated the LAMEA Industrial Organic LED Market by Country 2019, thereby, achieving a market value of $149.6 million by 2026. The Argentina market is expected to witness a CAGR of 18.7% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 17.7% during (2020 - 2026).
The Display market dominated the South Africa Organic LED Market by Product Type 2019, and is expected to continue to be a dominant market till 2026; growing at a CAGR of 16.2 % during the forecast period. The Lighting market is expected to witness a CAGR of 20.2% during (2020 - 2026).
Based on Product Type, the market is segmented into Display and Lighting. Based on Technology, the market is segmented into PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED and Others. Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Commercial, Healthcare, Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Panasonic Corporation, Universal Display Corporation, Konica Minolta, Inc., BOE Technology Group Co., Ltd., OSRAM GmbH, Acuity Brands Lighting, Inc., Organic LEDWorks LLC, and Tianma Microelectronics Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Product Type
By Technology
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
LED technology is gaining high preferences among consumers due to its properties of being thinner, brighter, light in weight, power-efficient and provides superior contrast in comparison to LCDs. OLEDs provide broad viewing angles, better response time, superior contrast ratios, and more saturated colors to improve the viewing experience of end-users. They are costlier than LED and LCD products. Though, the cost of these products is expected to reduce once the products get more adoption rate in the market. Several emerging and established countries across the globe are shifting their preferences towards energy-efficient lighting solutions. Professionals have foretold that OLED technology is expected to fulfill the needed performance and cost targets in the future, which is expected to help in establishing a smooth transition from traditional to efficient lighting solutions. In addition, government and market investment for R&D activities is expected to further fuel the process of managing technological limitations for the OLED lighting solution.
The OLED market is expected to witness various growth avenues due to many factors including massive acceptance of OLED displays in smartphones, considerable funding for creating new units to make OLED panels, huge demand for the superior viewing experience particularly from smartphone and television consumers, technological developments in OLED technology, growing demand for AMOLED displays in AR/VR headset applications, and investments from governments across the world for OLED lighting research.
The Brazil market dominated the LAMEA Industrial Organic LED Market by Country 2019, thereby, achieving a market value of $149.6 million by 2026. The Argentina market is expected to witness a CAGR of 18.7% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 17.7% during (2020 - 2026).
The Display market dominated the South Africa Organic LED Market by Product Type 2019, and is expected to continue to be a dominant market till 2026; growing at a CAGR of 16.2 % during the forecast period. The Lighting market is expected to witness a CAGR of 20.2% during (2020 - 2026).
Based on Product Type, the market is segmented into Display and Lighting. Based on Technology, the market is segmented into PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED and Others. Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Commercial, Healthcare, Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), LG Display Co., Ltd. (LG Corporation), Panasonic Corporation, Universal Display Corporation, Konica Minolta, Inc., BOE Technology Group Co., Ltd., OSRAM GmbH, Acuity Brands Lighting, Inc., Organic LEDWorks LLC, and Tianma Microelectronics Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Product Type
- Display
- Lighting
By Technology
- PMOLED
- AMOLED
- Transparent OLED
- Top-Emitting OLED
- Foldable OLED
- Others
By End User
- Consumer Electronics
- Automotive
- Industrial
- Commercial
- Healthcare
- Retail
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Display Co., Ltd. (LG Corporation)
- Panasonic Corporation
- Universal Display Corporation
- Konica Minolta, Inc.
- BOE Technology Group Co., Ltd.
- OSRAM GmbH
- Acuity Brands Lighting, Inc.
- Organic LEDWorks LLC
- Tianma Microelectronics Co., Ltd.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Organic LED Market by Product Type
Chapter 5. LAMEA Organic LED Market by Technology
Chapter 6. LAMEA Organic LED Market by End User
Chapter 7. LAMEA Organic LED Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Display Co., Ltd. (LG Corporation)
- Panasonic Corporation
- Universal Display Corporation
- Konica Minolta, Inc.
- BOE Technology Group Co., Ltd.
- OSRAM GmbH
- Acuity Brands Lighting, Inc.
- Organic LEDWorks LLC
- Tianma Microelectronics Co., Ltd.
Methodology
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