Global OLED Lighting Panels Market to Reach $291.1 Million by 2027
Amid the COVID-19 crisis, the global market for OLED Lighting Panels estimated at US$67.1 Million in the year 2020, is projected to reach a revised size of US$291.1 Million by 2027, growing at aCAGR of 23.3% over the period 2020-2027. Flexible, one of the segments analyzed in the report, is projected to record 24.6% CAGR and reach US$143 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid segment is readjusted to a revised 22.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.1 Million, While China is Forecast to Grow at 29.2% CAGR
The OLED Lighting Panels market in the U.S. is estimated at US$18.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$71.5 Million by the year 2027 trailing a CAGR of 29.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 21.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20% CAGR.We bring years of research experience to this 9th edition of our report. The 213-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Kaneka Belgium NV
- Konica Minolta, Inc.
- LG Display Co., Ltd.
- Lumiotec Inc.
- NEC Lighting, Ltd.
- OLEDWorks LLC.
- OSRAM GmbH
- Sumitomo Chemical Co., Ltd.