At a compound annual growth rate of 20.98%, the size of the worldwide AMOLED Display market is projected to reach USD 34.84 Billion in 2028.
AMOLED is an advanced part of OLED and contains pixels of active matrix OLED, which produces images when electricity flows through it. These images are controlled and monitored by TFT display units present in the system. The OLED technology can be described as a thin film joined with organic compounds that form electroluminescent matter for the AMOLED.
AMOLED display market growth is largely influenced by the increased use and demand of smart phones among the population. Another factor influencing the AMOLED display market growth is, the announcement by Apple Inc. to use AMOLED display for their iPhone series. The increased usage of Wi-Fi, multimedia, tablets, broadband and similar devices are other factors influencing the market growth. These display units are efficient and have high-resolutions, the production cost is high owing to the complex manufacturing process.
AMOLED Display Market Forecast states growth owing to its benefits over alternative devices like LEDs and LCDs. AMOLED is thinner, lighter and flexible than LED or LCD and hence it is used in touchscreens for mobile devices and similar electronic devices. Other electronic devices which contribute to AMOLED display market are computers, notebooks, mobile phones, tablet PC’s and many others. Furthermore, AMOLED generates light themselves and hence do not need backlighting and filtering systems. Due to this they consume less power than devices using LCDs. The growing development in AMOLED display industry has led to reduction in production cost for the companies. Also, industry experts are still debating about the feasibility of AMOLED display for larger screen size, owing to the complex process as compared to small and medium sized screens.
The global AMOLED display market share is segmented based on Display Type, by Material, by Application and region. Segmentation on the basis of display type is Conventional, flexible, transparent and 3D. By Market is Polymer, Glass and Glass substrate. Segmentation on the basis of application is Consumer Electronics, Retail, Automotive, Healthcare and many others. The segments of display types are expected to be the market leaders in the coming five years. Research and development on the subject is a continuous process, this might lead to new innovations within a short time-frame.
Based on region, the AMOLED display market is divided into North America, Europe, Asia-Pacific and Rest of World (ROW). Europe is predicted to be the leading contributor owing to its demand for alternative display options than OLED. Asia-Pacific is leading in global AMOLED display market share, owing to presence of developed infrastructure in regions like Japan, China and South Korea. North America is growing slowly owing to high disposal income of people.
The Key players in AMOLED display market are AU Optronics, Chimei Innolux Corp. Beijing Opto-Electronics, Japan Display, Dresden Microdisplay, LG Display, Samsung Display, Panasonic, Sharp Corp., Sony and many others.
The various segments of AMOLED display market are,
By Display Type:
- Glass substrate
- Consumer Electronics
- North America
- Rest of World