In the present time, organic light-emitting diode (OLED) is a very promising participant over light-emitting diodes (LEDs), liquid crystal display (LCD), and also another solid-state lighting device due to its low cost, ease of fabrication, brightness, speed, wide viewing angle, low power consumption, and high contrast ratio. The most prominent layer of OLED is the emissive layer because the device emission color, contrast ratio, and external efficiency depend of this layer's materials. This review ruminates on the basics of OLEDs, different light emission mechanisms, OLEDs achievements, and different types of challenges revealed in the field of OLEDs. This review's primary intention is to broadly discuss the synthesizing methods, physicochemical properties of conducting polymer polymethyl methacrylate (PMMA), and its polymeric nanocompositebased emissive layer materials for OLEDs application. It also discusses the most extensively used OLED fabrication techniques. PMMA-based polymeric nanocomposites revealed good transparency properties, good thermal stability, and high electrical conductivity, making suitable materials as an emissive layer for OLED applications.