Overview and Scope
Foldable AMOLED is a flexible display technology that allows screens to bend or fold without breaking. It uses organic compounds to produce light and is controlled by a matrix of thin-film transistors. This is often used in modern smartphones, tablets, and other portable devices to enable new form factors and enhance durability.
Sizing and Forecast
The foldable AMOLED market size has grown exponentially in recent years. It will grow from $4.30 billion in 2023 to $5.73 billion in 2024 at a compound annual growth rate (CAGR) of 33.3%. The growth in the historic period can be attributed to growing demand for innovative devices, diverse application possibilities, cost reduction strategies, and a competitive landscape.
The foldable AMOLED market size is expected to see exponential growth in the next few years. It will grow to $18.15 billion in 2028 at a compound annual growth rate (CAGR) of 33.4%. The growth in the forecast period can be attributed to consumer demand for flexible displays, technological advancements, expanding applications, decreasing production costs, and partnerships and collaborations. Major trends in the forecast period include material science advancements, organic light-emitting diode (OLED) technology, improvements in encapsulation techniques, the development of flexible thin film, and innovations in display manufacturing processes.
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Segmentation & Regional Insights
The foldable AMOLED market covered in this report is segmented –
1) By Type: Active-Matrix Organic Light-Emitting Diode, Passive Matrix OLED (PMOLED)
2) By Material: Glass, Metal, Plastic
3) By Application: Smartphone Display, Tablets And Notebooks, Wearable Display
Europe was the largest region in the foldable AMOLED market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foldable AMOLED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising consumer electronics demand is expected to propel the growth of the foldable AMOLED market going forward. Consumer electronics refers to a broad category of electronic devices designed for everyday use by end-users, or consumers. Consumer electronics demand is rising due to technological advancements, increasing disposable income, and evolving lifestyles. Foldable AMOLED technology is utilized in consumer electronics to create innovative, flexible, and compact devices such as smartphones, tablets, and laptops. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics and home appliances company, LG had revenue exceeding $60 billion for the first time. This was a 12.9% increase from 2021. The growth was mainly due to the high demand for premium home appliances and automotive parts. The appliance business unit also experienced significant year-over-year growth for the seventh year. Therefore, rising consumer electronics demand is driving the growth of the foldable AMOLED market.
Key Industry Players
Major companies operating in the foldable AMOLED market are AUO Corporation, Huawei Technologies Co. Ltd., Lenovo Group Ltd., BOE Technology Group, TCL Technology Group Corp., Sharp Corporation, LG Display, ZTE Corporation, Chimei Innolux Corp., Tianma Microelectronics, Samsung Display Co. Ltd, Coherent Inc., Truly International Holdings, Japan Display Inc., Royole Corporation, Tecno Mobile, Visionox Technology Inc., Anders Electronics Plc., EverDisplay Optronics (EDO), Semiconductor Energy Laboratory Co. Ltd.
The foldable amoled market report table of contents includes:
1. Executive Summary
2. Foldable AMOLED Market Characteristics
3. Foldable AMOLED Market Trends And Strategies
4. Foldable AMOLED Market – Macro Economic Scenario
5. Global Foldable AMOLED Market Size and Growth
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32. Global Foldable AMOLED Market Competitive Benchmarking
33. Global Foldable AMOLED Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Foldable AMOLED Market
35.Foldable AMOLED Market Future Outlook and Potential Analysis
36.Appendix
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