Automotive OLED Market Report 2024 (Global Edition)

Global Automotive OLED Market Report 2024 Market Size Split by Location (Interior OLEDs, Exterior OLEDs), by Structure (Transparent OLEDs, Graded Hetero-Junction OLEDs, Stacked OLEDs, Inverted OLEDs),...

Automotive OLED Market Report Description

We have various report editions of Automotive OLED Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Automotive OLED Market Insights Video

Competitive Landscape of the Automotive OLED Market

To expand their line of business and solidify their place in the market, a number of industry participants are employing acquisition tactics. Furthermore, among the main techniques used by businesses are partnerships and collaborations. To introduce cutting-edge products and technologies to the market, major players in the industry are investing in research and development.

Top Companies Market Share in Automotive OLED Industry: (In no particular order of Rank)

• OSRAM (Germany)
• Hella (Germany)
• Magneti Marelli (Italy)
• Konica Minolta Pioneer (Japan)
• Astron FIAMM (Switzerland)
• Stanley (apan)
• Yeolight Technology (China)
• ZKW (Austria)
• Koito (Japan)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Automotive OLED Market

Which Region Dominates the Automotive OLED Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue, driven by the growing need for cutting-edge automotive display technologies. Compared to conventional LCDs, OLED (Organic Light Emitting Diode) displays provide a number of benefits, such as higher contrast ratios, quicker response times, and increased energy economy. OLED displays for infotainment systems, instrument clusters, and even exterior lighting applications are becoming more and more common as manufacturers continue to place a high priority on cutting-edge technologies and improvements to the user experience.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the automotive OLED market driven by improvements in technology, a rise in the desire for luxury amenities in cars, and a growing interest in aesthetics and energy efficiency. OLED displays are becoming more and more popular for use in automotive applications because they have many advantages over standard LCDs, such as faster response times, broader viewing angles, and greater contrast ratios. The region's rapidly expanding automotive sector has accelerated the use of OLED technology in automobiles, especially in nations like China, Japan, and South Korea.

The current report Scope analyzes Automotive OLED Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive OLED

According to Cognitive Market Research, the global automotive OLED market size was estimated at USD 312.5 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 125.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the automotive OLED market with a market size of USD 98.63 million in 2024 and is projected to grow at a CAGR of 4.1% during the forecast period as a result of rising consumer demand for vehicles with cutting-edge technologies.
• The Canada automotive OLED market had a market share of USD 15.00 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. One possible explanation for this surge in this country is the growing demand for luxury vehicles, which makes the adoption of cutting-edge technologies like LED and OLED lighting solutions necessary.
• The Mexico automotive OLED market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 11.38 million in 2024.

Europe Automotive OLED Market

According to Cognitive Market Research, the global automotive OLED market size was estimated at USD 312.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 93.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• The United Kingdom automotive OLED market had a market share of USD 15.75 million in 2024 and is projected to grow at a CAGR of 5.4% during the forecast period. Rising consumer demand, technological developments, and investments from major industry players are expected to propel market expansion in this nation.
• The France automotive OLED market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 8.63 million in 2024.
• According to Cognitive Market Research, the Germany automotive OLED market size was valued at USD 18.56 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period as a result of rising consumer demand, technological developments, and changing national consumer tastes. The Italy automotive OLED market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 8.06 million in 2024.
• The Russia automotive OLED market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 14.53 million in 2024.
• The Spanish automotive OLED market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 7.69 million in 2024.
• The Luxembourg automotive OLED market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 2.91 million in 2024.
• The Portugal automotive OLED market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 1.97 million in 2024.
• The Greece automotive OLED market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 1.13 million in 2024.
• Rest of Europe automotive OLED market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 14.53 million in 2024.

Asia Pacific Automotive OLED Market

According to Cognitive Market Research, the global automotive OLED market size was estimated at USD 312.5 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 71.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031 .

• According to Cognitive Market Research, the China automotive OLED market size was valued at USD 32.34 million in 2024 and is projected to grow at a CAGR of 7.6% during the forecast period due to the growing desire from consumers for cars equipped with cutting-edge technologies.
• The Japan automotive OLED market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 9.92 million in 2024.
• The India automotive OLED market had a market share of USD 8.63 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period as a result of evolving national consumer tastes, growing consumer demand, and technology advancements.
• The South Korea automotive OLED market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 7.19 million in 2024.
• The Australia automotive OLED market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 3.74 million in 2024.
• The South East Asia automotive OLED market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 4.96 million in 2024.
• The Rest of Asia Pacific automotive OLED market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 5.10 million in 2024.

South America Automotive OLED Market

According to Cognitive Market Research, the global automotive OLED market size was estimated at USD 312.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 15.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil automotive OLED market size was valued at USD 6.69 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. The rising demand for luxury cars in this nation may be one reason for the upsurge, as it necessitates the use of cutting-edge technologies like LED and OLED lighting systems.
• The Argentina automotive OLED market had a market share of USD 2.63 million in 2024 and is projected to grow at a CAGR of 6.4% during the forecast period. Technological advancements, growing consumer demand, and investments from big business players should drive market growth in this country.
• The Colombia automotive OLED market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 1.39 million in 2024.
• The Peru automotive OLED market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1.28 million in 2024.
• The Chile automotive OLED market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 1.13 million in 2024.
• The Rest of Latin America automotive OLED market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 2.52 million in 2024.

Middle East and Africa Automotive OLED

According to Cognitive Market Research, the global automotive OLED market size was estimated at USD 312.5 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 6.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

• The GCC Countries automotive OLED market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 2.68 million in 2024. Because luxury vehicles are becoming more and more popular in this country, using cutting-edge technologies like LED and OLED lighting systems is becoming necessary. This could be contributing to the increase.
• The Egypt automotive OLED market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 0.66 million in 2024.
• The South Africa automotive OLED market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 0.99 million in 2024. The country's market should increase as a result of technological advancements, rising consumer demand, and investments from major corporations.
• The Turkey automotive OLED market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 0.54 million in 2024.
• The Nigeria automotive OLED market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 0.66 million in 2024.
• The Rest of MEA automotive OLED market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 0.74 million in 2024.

Automotive OLED Market Analysis

Automotive OLED Market Location Segment Analysis

According to Cognitive Market Research, the exterior OLEDs category stands out as the dominating category. These OLEDs have several advantages, such as increased visibility, higher energy efficiency, and increased design freedom. OLED technology is being added to cars by automakers more frequently in an effort to set themselves apart from the competition and give drivers a more engaging driving experience. Sleeker and more eye-catching designs are made possible by the employment of exterior OLEDs in a variety of applications, including tail lights, brake lights, and even dynamic turn signals.

Interior OLEDs category emerges as the fastest-growing category in the automotive OLED market. OLED technology presents a strong argument for automobile makers who are prioritizing improving the usefulness and aesthetics of interior design. These incredibly thin and flexible screens offer vibrant and adjustable lighting and information displays that can be easily incorporated into a variety of interior components, including door panels, dashboard panels, and center consoles. OLEDs are also becoming more and more popular in car interiors thanks to their benefits, which include high contrast ratios, wide viewing angles, and energy efficiency.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive OLED Industry. Request a Free Sample PDF!

Automotive OLED Market Structure Segment Analysis

According to Cognitive Market Research, the dominating category is transparent OLEDs. Transparent OLEDs are an appealing alternative as automakers attempt to incorporate cutting-edge display technologies into vehicle designs seamlessly. These screens provide a special blend of vivid visual output and transparency, improving the car interior's appearance and usefulness. Transparent OLEDs give drivers vital information like navigation directions, vehicle speed, and safety alerts without impeding their view of the road by superimposing text or graphics onto the windshield or windows.

The fastest-growing category in the automotive OLED market is inverted OLEDs. This specific category is becoming more and more appealing to manufacturers and consumers alike because it has clear advantages over conventional OLED designs. Because the organic layers of IOLEDs are inverted, they have higher resilience, longer lifespans, and increased efficiency—especially in demanding automotive applications. These screens are perfect for use in infotainment systems, instrument clusters, and heads-up displays, among other vehicle applications, since they offer brilliant colors, excellent contrast ratios, and outstanding visibility.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive OLED Vehicle Segment Analysis

According to Cognitive Market Research, the passenger vehicles (PV) category dominated the market in 2024. The rise in electric cars (EVs) with sleek interior designs, the increasing demand from consumers for cutting-edge display technology, and the use of OLED displays in luxury and high-end vehicles to improve the driving experience are all contributing causes to this expansion. OLED technology also has other benefits, including better image quality, design flexibility, and energy efficiency, which makes it a desirable choice for automakers trying to set themselves apart in a crowded market.

The fastest-growing category in the automotive OLED market is commercial vehicles (CV). The increasing need for cutting-edge display technologies in commercial vehicles to improve driver experience and safety is one of the factors contributing to this expansion. OEMs are incorporating OLED displays into commercial vehicles to give drivers access to more vivid and comprehensible visual information, including entertainment options, vehicle conditions, and navigation directions. Furthermore, compared to conventional LCDs, OLED technology offers benefits, including thinner form factors, higher contrast ratios, and enhanced energy economy, which makes them more and more appealing to commercial vehicle makers.

• Passenger Vehicles (PV)
• Commercial Vehicles (CV)

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion