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Market Overview of Global OLED Lighting Substrate market:
According to our latest research, the global OLED Lighting Substrate market looks promising in the next 5 years. As of 2022, the global OLED Lighting Substrate market was estimated at USD 6.14 million, and it's anticipated to reach USD 11.87 million in 2028, with a CAGR of 11.61% during the forecast years.
The substrate is the foundation of the entire device, and all functional layers need to be evaporated onto the substrate of the device. OLED Lighting Substrate is the support of OLED and the basis of OLED. A typical OLED consists of a layer of organic material located between two electrodes (anode and cathode), all of which are deposited on a substrate.
Advantages of OLED Lighting
As a lighting source, OLED has the advantages that it can be used as a surface light source and can realize flexible lighting, and the lighting is most similar to natural light.
First of all, compared with LED, OLED has more advantages in lightness, flexibility, eye protection, etc. It is especially suitable for large-area indoor lighting, and has attractive application prospects in the future lighting field. Compared with other types of artificial light source technologies, OLED technology has unique advantages and is by far the best lighting source. The biggest feature of OLED lighting is that the light source itself is surface-emitting.
OLED light sources no longer have the high blue light damage of LED light sources. Blue light will cause serious irreversible damage to the macula of the eyes, especially for teenagers whose eyes are not fully developed. Injury will also affect the body's melatonin secretion, thereby interfering with the quality of sleep, which will cause great harm to health in the long run.
In general, OLED lamps have many advantages, such as being very close to natural light, effectively relieving eye fatigue, neither generating heat, nor producing ultraviolet rays to remove blue light hazards, very healthy and environmentally friendly, and effectively protecting the optic nerve.
OLED lighting is expensive
At present, OLED lighting has not been widely used on a large scale, and the most fundamental reason is its high cost. Now the price of OLED is significantly higher than that of traditional lighting. While the price issue can be improved by increasing the brightness of the device, high brightness comes with longevity issues. In addition, due to the immaturity of production equipment and the lack of reliable process flow for realizing OLED in mass production environment, the yield of OLED is low, and the price of OLED cannot be reduced, which in turn affects the mass production of OLED.
The high price of OLED lighting leads to difficulties in market promotion, and the market reduces OLED Lighting Substrate, which is not conducive to the development of the industry.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (47.91% in 2022).
Company Overview:
Corning is one of the major players operating in the OLED Lighting Substrate market, holding a share of 57.98% in 2023.
Corning
Corning Incorporated is an American manufacturer of specialty glass and ceramic materials, founded in Corning, New York, in 1851. Building on more than 150 years of knowledge in materials science and process engineering, Corning creates and manufactures critical components used in products used in high-tech consumer electronics, mobile emissions control, telecommunications and life sciences.
Nippon Electric Glass Co., Ltd.
Nippon Electric Glass Co., Ltd., also known as NEG, is a glass manufacturer in Japan. The company is a manufacturer of glass for flat panel displays. It has a share of about 20% in the world's LCD glass production. The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 index.
Segmentation Overview:
As for product types, the Glass segment held the largest market share in 2022.
Glass
Differentiate according to production material. It means that the OLED Lighting Substrate is made of glass.
Plastic
Differentiate according to the production material. Commonly used plastic substrate materials include Polyimide, polycarbonate, etc.
Application Overview:
The market's largest segment by application is the segment Industrial, with a market share of 82.1% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global OLED Lighting Substrate market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global OLED Lighting Substrate Market Report:
Market Size Estimates: OLED Lighting Substrate market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: OLED Lighting Substrate market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the OLED Lighting Substrate market
Segment Market Analysis: OLED Lighting Substrate market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: OLED Lighting Substrate market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the OLED Lighting Substrate Market: Revenue and sales volume of major countries in each region
OLED Lighting Substrate Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the OLED Lighting Substrate market in major regions.
OLED Lighting Substrate Industry Value Chain: OLED Lighting Substrate market raw materials & suppliers, manufacturing process, distributors, downstream customers
OLED Lighting Substrate Industry News, Policies & Regulations
Key players in the global OLED Lighting Substrate market are covered in Chapter 12:
Nippon Electric Glass Co., Ltd.
Corning
In Chapter 2 and Chapter 15.1, based on types, the OLED Lighting Substrate market from 2018 to 2028 is primarily split into:
Glass,
Plastic
Others
In Chapter 3 and Chapter 15.2, based on applications, the OLED Lighting Substrate market from 2018 to 2028 covers:
Commercial
Industrial
Residential
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the OLED Lighting Substrate market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028