The active matrix organic light emitting diode (amoled) display global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Active Matrix Organic Light Emitting Diode (AMOLED) Display Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The active matrix organic light emitting diode (AMOLED) display market size has grown rapidly in recent years. It will grow from $14.16 billion in 2023 to $16.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to increased emphasis on energy-efficient technologies, improved contrast ratios, faster refresh rates, and better color accuracy, development of bendable and foldable AMOLED screens, efficiency, increased use in smartwatches and fitness trackers, the introduction of AMOLED technology in high-end TV models.
The active matrix organic light emitting diode (AMOLED) display market size is expected to see rapid growth in the next few years. It will grow to $31.43 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to the increasing use of AMOLED displays in gaming monitors, increasing demand for premium products, diversification by manufacturers, growth of in-display fingerprint sensors, cameras, and other embedded technologies, and proliferation of the internet of things. Major trends in the forecast period include emerging applications in AR and VR, advancements in manufacturing processes, increased production capacity, microLED and AMOLED hybrid displays, quantum dot enhancement, transparent and mirror displays, ultra-thin and lightweight displays.
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Scope Of Active Matrix Organic Light Emitting Diode (AMOLED) Display Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Overview
Market Drivers –
The increasing demand for smartphones is expected to propel the growth of the active matrix organic light emitting diode (AMOLED) display market going forward. Smartphones are mobile devices that combine cellular communication with advanced computing capabilities and internet connectivity. The widespread availability of high-speed internet and mobile data networks has made smartphones more helpful in browsing the web, streaming content, and accessing online services and applications. The development of flexible AMOLED displays has opened up new design possibilities for smartphones, such as curved or foldable displays. For instance, in December 2023, according to Consumer Affairs, a US-based consumer news and advocacy organization, approximately 97% of Americans owned a feature phone or smartphone in 2022. Future trends predict that American smartphone users will exceed 364 million by 2040. Therefore, the increasing demand for smartphones and other consumer electronics is expected to propel the future growth of the active matrix organic light emitting diode (AMOLED) display market.
Market Trends –
Major companies operating in the AMOLED display market are focused on developing technological solutions such as the organic light emitting diode (OLED) gaming console to gain a competitive advantage. An organic light emitting diode (OLED) gaming console is a gaming device that uses an OLED display for enhanced visual quality with vibrant colors and sharp contrast. For instance, in October 2021, Nintendo, a Japan-based video game company, launched the Nintendo Switch organic light-emitting diode (OLED), the latest version of the Switch gaming console. This iteration boasts several key upgrades over the original Switch and Switch Lite models. These include a 7-inch OLED screen with vibrant colors and sharp contrast, 64GB of internal storage, and enhanced audio from the system’s onboard speakers in handheld and tabletop modes.
The active matrix organic light emitting diode (AMOLED) display market covered in this report is segmented –
1) By Type: Conventional, Flexible, Transparent, 3-Dimensional (3D)
2) By Material: Polymer, Glass, Glass Substrate
3) By Application: Consumer Electronics, Retail, Automotive, Healthcare, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the active matrix organic light emitting diode (AMOLED) display market in 2023. The regions covered in the active matrix organic light emitting diode (AMOLED) display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the active matrix organic light emitting diode (AMOLED) display market are Lenovo Group Limited, Panasonic Corporation, BOE Technology Group, Nokia, LG, Sharp Corporation, TCL Electronics Holdings Limited, Innolux Corporation, AU Optronics (AUO) Corp., Samsung Display Co. Ltd., Truly International Co. Ltd., Japan Display Inc. (JDI), Royole Corporation, Kopin Corporation, JOLED Inc., Visionox Technology Inc., EverDisplay Optronics, Tianma Microelectronics Co. Ltd, Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Shenzhen DaSen Electronic Co. Ltd.
Table of Contents
1. Executive Summary
2. Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Report Structure
3. Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Trends And Strategies
4. Active Matrix Organic Light Emitting Diode (AMOLED) Display Market – Macro Economic Scenario
5. Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Size and Growth
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32. Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Competitive Benchmarking
33. Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Active Matrix Organic Light Emitting Diode (AMOLED) Display Market
35. Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Future Outlook and Potential Analysis
36. Appendix
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