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.
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.
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter