A $(1+ε)$-approximate distance oracle of an edge-weighted graph is a data structure that returns an approximate shortest path distance between any two query vertices up to a $(1+ε)$ factor. Thorup (FOCS 2001, JACM 2004) and Klein (SODA 2002) independently constructed a $(1+ε)$-approximate distance oracle with $O(n\log n)$ space, measured in number of words, and $O(1)$ query time when $G$ is an undirected planar graph with $n$ vertices and $ε$ is a fixed constant. Many follow-up works gave $(1+ε)$-approximate distance oracles with various trade-offs between space and query time. However, improving $O(n\log n)$ space bound without sacrificing query time remains an open problem for almost two decades. In this work, we resolve this problem affirmatively by constructing a $(1+ε)$-approximate distance oracle with optimal $O(n)$ space and $O(1)$ query time for undirected planar graphs and fixed $ε$. We also make substantial progress for planar digraphs with non-negative edge weights. For fixed $ε> 0$, we give a $(1+ε)$-approximate distance oracle with space $o(n\log(Nn))$ and $O(\log\log(Nn)$ query time; here $N$ is the ratio between the largest and smallest positive edge weight. This improves Thorup's (FOCS 2001, JACM 2004) $O(n\log(Nn)\log n)$ space bound by more than a logarithmic factor while matching the query time of his structure. This is the first improvement for planar digraphs in two decades, both in the weighted and unweighted setting.