AMOLED Display Market
Market Synopsis
The AMOLED Display market 2020, according to MRFR, is expected to grow at nearly USD 14 Billion by 2023, at 18% of CAGR over the forecast period (2017 to 2023).
Market Scenario
Rapid technological innovation, promotes the development of new, cost-effective expertise. The active-matrix organic light-emitting diode (AMOLED) is one of the most energy-efficient and fast-developing lighting technologies available today. The key drivers of the AMOLED display market are its use in consumer electronics products such as smartphones, monitors, smartwatches, television and others, its focus on AMOLED standardization, a boom in the consumer electronics sector, an organized retail market and a growing population. The key driving forces for AMOLED screens are the entry into the business of smartphones and Its accentuated use around the globe and other factors such as increased use of Wi-Fi, broadband multimedia, tablets and similar devices. The market is heading towards AMOLED displays that are catered for with HD displays providing more crystal clear images, with recent advances. The approved materials used by the EPA in the manufacturing of AMOLED displays and evolving patterns around the globe, combined with the increase in people's per capita income, serve as some of the AMOLED display market ‘s major opportunities.
On the other hand, the COVID-19 virus outbreak in December 2019, with the World Health Organization declaring it a public health emergency the disease has spread to nearly 180 + countries around the globe. The global effect of the 2019 coronavirus disease (COVID-19) is already beginning to be felt, impacting the AMOLED market substantially in 2020. The covid-19 affects the global economy by affecting production and demand directly, by creating supply chain and market disturbance, and by its financial impact on companies and financial markets.
Market Segmentation
The AMOLED display market has been analyzed on the basis of material, display type, and application.
AMOLED Display Market by Display Type, has been segmented into Conventional, Flexible, Transparent, and 3D.
AMOLED Display Market by Material, has been segmented into Polymer, Glass, and Glass Substrate.
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Display market by AMOLED's application segment consists of consumer electronics product, retail, automotive healthcare, and others. The AMOLED display market is projected to account for the largest market share in the consumer electronics industry. It is commonly used in consumer electronics items such as tvs, TV screens, tablets , laptops, smartwatches, smartphones and more.
Regional Outlook
Regional analysis for the AMOLED display market is being studied in various geographic regions such as Europe, Asia-Pacific and Rest of the World. Due to the demand for new display technology and solution in OLED display, its application in consumer electronics , automotive, retail , healthcare and others, the European market is expected to be a prominent player. Asia-Pacific region is the leading region in the AMOLED display market owing to advanced development of infrastructure from countries such as China, Japan , and South Korea boosting market growth. Growing urbanization, business expansion throughout and industrial innovations and an rise in people's disposable income drive the growth of the region's AMOLED show sector. The region is composed of many small and medium-sized enterprises that contribute to the region's market growth. The area of North America is showing steady growth in the AMOLED display industry, and is expected to see considerable growth in the near future. Regulation over energy-efficient product and high disposal income will help to drive demand for AMOLED display for consumer electronics product in the North America region.
Key Players
The prominent players in the AMOLED Display market are –Chimei Innolux Corp. (Taiwan), Beijing Opto-Electronics (China), Japan Display (Japan), Dresden Microdisplay (Germany), AU Optronics (Taiwan), LG Display (Korea), Panasonic (Japan), Sharp Corp. (Japan), Samsung Display (Korea), and Sony Corporation (Japan) among others.
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