OLED Inkjet Printing Market

OLED Inkjet Printing Market Overview

The global OLED Inkjet Printing Market size was valued at USD 3.59 billion in 2023 and is predicted to reach USD 5.96 billion by 2030 with a CAGR of 7.5% from 2024-2030. The OLED inkjet printing market encompasses the development, manufacturing, and distribution of specialized inkjet printing technologies and materials used for producing OLED (organic light-emitting diode) displays. This market includes the provision of high-precision printers, OLED inks, and associated equipment to electronics manufacturers for the production of advanced displays in devices such as smartphones, televisions, wearables, and automotive displays. The adoption of OLED inkjet printing technology offers benefits such as cost efficiency, material usage optimization, and the capability to produce flexible and high-resolution displays, making it a crucial component in the electronics and display manufacturing industries. 

Market Dynamics and Trends

The demand for OLED inkjet printing market is driven by the increasing need for OLED displays and lighting panels in various applications, such as smartphones, tablets, and other wearable gadgets. OLED Inkjet Printing offers a significant advantage by enabling the production of high-quality, flexible OLED displays while also reducing the production costs compared to traditional methods. In 2023, Samsung Electronics sold approximately 1.2 billion smartphones, while Apple Inc. reported sales of over 235 million smartphones. This surge in smartphone sales underscores the increasing adoption of OLED technology, driving the growth of the market.

Moreover, advancements in inkjet printing technology, such as enhanced ink formulations, refined nozzle designs, and advanced deposition techniques, are significantly improving the quality and efficiency of OLED displays. These technological improvements contribute to the overall growth of the market by enabling more precise & reliable production while enhancing the performance of these displays.

For instance, in May 2024, TCL CSOT launched its latest OLED inkjet printing technology to produce high-resolution and flexible displays. Through this launch, the company aims to meet the rising demand for innovative and versatile OLED screens.

Furthermore, the increasing demand for flexible and foldable displays, that offers vibrant and high-resolution OLED visuals, is significantly boosting the OLED inkjet printing market growth. As consumers and industries seek innovative display solutions with enhanced visual quality and versatility, the need for advanced OLED printing technologies continues to rise. However, high initial setup & maintenance costs associated with this advanced inkjet printing techniques along with the complex manufacturing process of OLED displays are the major factors restraining the growth of the market.

On the contrary, the incorporation of conductive polymers and nanomaterials into ink formulations, along with the use of AI for predictive maintenance is expected to create ample opportunities in the growth of the market in the coming years. 

Market Segmentations and Scope of the Study

The OLED inkjet printing market report is segmented based on printing technology, material type, application, end-user, and region. On the basis of printing technology, the market is divided into drop-on-demand and continuous inkjet printing. Based on material type, the market is segmented into conductive polymers, conductive polymers mixed with nanoparticles, small molecules, and others. Based on applications, the market is classified into displays, lighting, and others. On the basis of end-user, the market is classified into consumer electronics, automotive, healthcare, defense & aerospace and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Geographical Analysis

Asia-Pacific dominates the OLED inkjet printing market share and is expected to continue its dominance during the forecast period due to the growing consumer electronics industry in this region. As reported by the Shanghai Municipal People's Government, the consumer electronics industry sales reached USD 305 billion in 2023, and it is expected to reach 320 billion by 2024. This robust growth in consumer electronics in this region, driven by rising demand for advanced display technologies, boosts the need for high-quality OLED displays.

Moreover, the increasing demand for OLED displays in automotive industry driven by the growing automotive market in countries such as China, Japan, and India are further fueling the demand for OLED inkjet printing in this region. As stated by the OICA, Asia-Pacific is one of the largest producers of vehicles, with India producing 5.9 million vehicles, China 30.2 million, and South Korea 4.24 million. As the automotive industry in this region continues to expand and incorporate advanced display technologies, the need for OLED inkjet printing solutions is poised to rise, boosting the market growth.

On the other hand, North America is expected to show a steady growth in the market. This is due to the presence of one of the largest aerospace industries coupled with the rising demand for high-resolution, lightweight, and customizable OLED displays for cockpit instruments, cabin lighting, and in-flight entertainment systems.

According to the Airlines of America, the commercial aviation industry in the U.S. reached USD 1.25 trillion carrying 2.3 million passengers and 66000 tons of cargo in 2022. As the aerospace sector continues to expand, there is a growing need for advanced display technologies to improve the aircraft’s functionality while enhancing passenger experience.

Moreover, the presence of key market players such as DuPont de Nemours Inc, NovaCentrix, and TCL that are adoption growth strategies including business expansion is pivotal to the growth of the market. For example, in June 2023, DuPont announced the expansion of its pigment inks portfolio specifically for the OLED printing. These new inks offer enhanced color accuracy and durability, enabling manufacturers to produce vibrant and long-lasting OLED displays, driving the OLED inkjet printing market expansion.

Competitive Landscape

Various key players operating in the OLED inkjet printing industry include Kateeva Incorporated, JOLED Incorporated, DuPont de Nemours, Inc., NovaCentrix, LLC, Merck KGaA, Darmstadt, Germany, Unijet Limited, Meyer Burger Technology AG, Muhlbauer Holding AG & Co. KGaA, Microdrop Technologies GmbH, and TCL Technology Group Corporation among others. These companies are adopting strategies such as product launches and collaboration to remain dominant in the market.

For instance, in May 2023, TCL launched inkjet-printed foldable 8K OLED TV, revolutionizing the television industry with its unique design and stunning picture quality. Through this launch, the company aims to expand its product portfolio while also reshaping the way people consume media and experience entertainment.

Moreover, in January 2023, Unijet collaborated with South Korea's government-backed Display Innovation Process Platform Building project to supply RGB inkjet printers. The collaboration was aimed toward establishing an advanced display technology hub in South Korea.

Key Benefits

• The report provides quantitative analysis and estimations of the OLED inkjet printing market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future OLED inkjet printing market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the OLED inkjet printing market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

OLED Inkjet Printing Market Key Segments

By Printing Technology 

• Drop-On-Demand 

• Continuous

By Material Type 

• Conductive Polymers

• Conductive Polymers Mixed with Nanoparticles

• Small Molecules

• Others

By Application 

• Displays

• Lighting

• Others

By End User 

• Consumer Electronics

• Automotive

• Healthcare

• Defense & Aerospace

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 3.59 Billion
Revenue Forecast in 2030	USD 5.96 Billion
Growth Rate	CAGR of 7.5% 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	The growing consumer electronics industry drives the market growth Advancement in technologies boosts the market growth Rising demand for foldable and flexible displays boosts the market growth
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Kateeva Incorporated

• JOLED Incorporated

• DuPont de Nemours, Inc.

• NovaCentrix, LLC

• Merck KGaA, Darmstadt, Germany

• Unijet Limited

• Meyer Burger Technology AG

• Muhlbauer Holding AG & Co. KGaA

• Microdrop Technologies GmbH

• TCL Technology Group Corporation