The global AMOLED screens market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the massive rise of smartphones and the television industry.
AMOLED stands for Active-Matrix Organic Light-Emitting Diode, and it's an energy-efficient display that combines TFT and OLED display technologies. Smartphones, tablets, and computer screens are increasingly using AMOLED displays. These are also used in the manufacture of televisions because they provide high-resolution images. AMOLED display phones can produce high-resolution images and have a user-friendly interface with smooth-touch and customizing capabilities. It also includes a brightness control. The material used in AMOLED display manufacture is biodegradable, which complies with EPA standards and rules. As a result, many environmental regulatory organizations throughout the world have granted the AMOLED markets a clean bill of health.
The global AMOLED screens market is projected to develop significantly following the Covid-19 incident. This is since the majority of AMOLED display manufacturers are situated in China, which is where the coronavirus was initially discovered. All production and operational operations relating to the OLED display market have been put on hold as a result of this.
Market Trends, Drivers, Restraints, and Opportunities
- Rising income levels, rapid urbanization, and rising demand for entertainment and leisure are expected to spur market growth in the coming years.
- The rapid growth of the smartphones and television industry are major factors fueling the market expansion during the forecast period.
- Growing usage of Wi-Fi, broadband multimedia, tablets and similar devices are projected to push the market growth during the forecast period.
- Increasing competition in the global market is expected to hinder market growth.
- Due to technological advancements, manufacturing processes and materials are becoming obsolete in a very short time. This might impede the market expansion in the coming years.
- The high cost of production due to complex manufacturing operations is anticipated to restrict the market growth.
- R&D investment and technological advancement are expected to create immense opportunities for the market players.
Scope of the Report
The report on the global AMOLED screens market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Global AMOLED Screens Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (AMOLED hard screen and AMOLED soft screen) and Applications (Mobile phone, Wearable device, Helmet type VR, and TV)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Samsung, Dresden Microdisplay, Novaled AG, AU Optronics, and BOE Display
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Market Segment Insights
AMOLED soft screen segment is projected to hold a major market share
In terms of types, the global AMOLED screen market is segregated into AMOLED hard screen and AMOLED soft screen. The AMOLED soft screen segment is expected to account for a key share of the market in the coming years owing to its qualities such as flexibility, lightweight, durability, and non-fragility.
The mobile phone segment is expected to expand at a robust pace
On the basis of applications, the global AMOLED screens market is bifurcated into mobile phone, wearable device, helmet type VR, and TV. The mobile phone segment is expected to account for a key share of the market during the forecast period) due to the monumental growth and usage of smartphones by everyone. On the other hand, the TV segment is anticipated to expand at a rapid pace during the forecast period due to the rising usage of TVs during the lockdown phase by the consumers.
North America and Latin America are anticipated to dominate the market
On the basis of regions, the global AMOLED screens market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The markets of North America and Latin America are anticipated to expand at a healthy CAGR during the forecast period. The regional markets’ growth can be attributed to America being the hub for manufacturing as well as consumption of AMOLED micro displays. This in turn is due to the growing population and the resulting demand for improved consumer goods. On the other hand, the market of Europe is expected to exhibit a rapid growth rate in the coming years owing to the growing demand for smartphones, tablets, and monitor screens as well as the rising automotive industry in the region.
Furthermore, the demand for AMOLED displays for head-mounted devices, smartwatches, smartphones, notebooks, desktops, laptops, and other devices is expanding rapidly in the Asia-Pacific area, which includes China, Japan, India, Australia, and South Korea. Because the region's biggest manufacturing businesses are based there, China, Japan, and South Korea have the biggest market share.
Segments
Segments Covered in the Report
The global AMOLED screens market has been segmented on the basis of
Types
- AMOLED hard screen
- AMOLED soft screen
Applications
- Mobile phone
- Wearable device
- Helmet type VR
- TV
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Samsung
- Dresden Microdisplay
- Novaled AG
- AU Optronics
- BOE Display
Competitive Landscape
Key players competing in the global AMOLED screens market include Samsung, Dresden Microdisplay, Novaled AG, AU Optronics, and BOE Display.
Samsung Display, a global corporation located in South Korea, has released an improved touch panel. The term "Super AMOLED" was used to describe these displays. In addition, the Samsung group has a competitive advantage. It releases new smartphones, tablets, monitor displays, and televisions regularly, advancing technology. In the year 2010, they were the first firm to produce a smartphone with an AMOLED display. 'Galaxy S' was the moniker given to the series. Samsung Electronics limited the operating functions of LCDs and LEDs in August of 2019. They put a lot of money into the development of OLED panels.
