Global OLED market worth $2.2 billion by 2014

DALLAS, USA: According to a new market research report, 'Opportunities in the Global OLED Display Market', published by MarketsandMarkets, the global OLED product market is expected to be worth $2.2 billion by 2014, growing at a CAGR of 24.7 percent from 2009 to 2014.

The Asia-Pacific market is expected to account for nearly 90 percent of the total market revenues by production and 65 percent by consumption.

This research report presents an in-depth analysis of the markets for the two major types of OLEDs, namely passive matrix OLEDs (PMOLEDs) and active matrix OLEDs (AMOLEDs).

The report tracks the major OLED application markets - i.e. display panels and sub-displays - as well as the end-application markets, which cover the use of OLEDs in products such mobile phones, mp3 players, television, and electronic displays. Each market has been analyzed for the four main geographies of North America, Europe, Asia, and ROW.

The global OLED market is expected grow from 102.3 million units in 2007 to 349.73 million units in 2014 at a CAGR of 24.46 percent from 2009 to 2014. In 2007, PMOLEDs constituted 86.8 percent of the total OLED market, while the AMOLED market is likely to have the highest CAGR of 56.48 percent.

The PMOLED market dominates due to the early commercialization of products, and the widespread applications in mp3 players and sub displays. But over the forecast period AMOLEDs generate higher market penetration in terms of unit shipment as well as revenues.