South Korean Market Growth size was valued at USD 14.87 Bn. in 2023 and the total South Korean market size is expected to grow at a CAGR of 8.9% from 2024 to 2030, reaching nearly USD 27.01 Bn. by 2030.
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South Korea OLED Market Projected to Reach USD 27.01 Billion by 2030
The South Korea Organic Light Emitting Diode (OLED) market is projected to grow from USD 14.87 billion in 2023 to USD 27.01 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.9% during the forecast period.
Market Overview
OLED technology has revolutionized the display industry by offering superior image quality, flexibility, and energy efficiency. South Korea has been at the forefront of OLED innovation, leading the global market in both large and medium-small OLED panel segments. As of 2022, South Korea held a 95.2% share in the large OLED panel market and a 79.1% share in the medium-small OLED panel market.
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Key Market Drivers
Several factors are contributing to the robust growth of the OLED market in South Korea:
- Technological Leadership: South Korean companies have maintained a competitive edge through continuous innovation and investment in OLED technology.
- Rising Demand for Premium Displays: The increasing consumer preference for high-quality displays in smartphones, televisions, and other electronic devices is driving OLED adoption.
- Expansion into New Applications: OLED technology is finding new applications in automotive displays, wearable devices, and lighting solutions, further propelling market growth.
Market Segmentation
The South Korea OLED market is segmented based on type, technology, and end-use.
- By Type:
- Rigid OLED: Traditional OLED panels with a fixed form factor.
- Flexible OLED: Bendable and foldable panels enabling innovative device designs.
- By Technology:
- AMOLED (Active Matrix OLED): Widely used in smartphones and televisions for its superior performance.
- PMOLED (Passive Matrix OLED): Typically used in simpler display applications.
- By End-Use:
- Consumer Electronics: Smartphones, tablets, televisions, and wearable devices.
- Automotive: Dashboard displays and infotainment systems.
- Lighting: Architectural and automotive lighting solutions.
South Korea Oled Market: https://www.stellarmr.com/report/south-korea-oled-market/2354
Competitive Landscape
South Korea’s dominance in the OLED market is attributed to leading companies such as Samsung Display and LG Display, which continue to invest heavily in research and development to maintain their market leadership.
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