PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313730
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1313730
The AMOLED display market worldwide is expected to grow with a CAGR of 14.50% during the forecast period from 2022 to 2030, starting from US$ 21.20 Bn in 2020. AMOLED (active matrix organic light emitting diode) displays market is primarily governed by the consistently growing sales of smartphones worldwide. It is an advanced version of OLED display and is being extensively used in smartphones, smart watches, laptops, televisions and other electronic devices. Availability of numerous AMOLED displays such as super AMOLED, super AMOLED advanced, super AMOLED plus and others has ensured wide application areas for these displays. On account of growing consumer electronics market, we are expecting huge growth in the AMOLED displays market throughout the forecast period.
In 2020, consumer electronics segment (comprising smartphones, televisions, laptops, smart watches etc.) led the market with more than 60% share worldwide. Due to rise in penetration of smart wearables such as smartwatches, fitness bands and others, we are expecting a boom in the market. The market is primarily driven by robust smartphone sales worldwide, followed by smart wearables and televisions. AMOLED display consumes less power, making it more suitable for battery-hungry devices such as smartphones, laptops and wearables. Since, AMOLED displays is now used in nearly all range of smartphones, thereby expanding its application area substantially. Thus, the market is expected to witness continued growth over the forecast period.
In 2020, Asia Pacific led the market followed by Europe. The Asia Pacific market is mainly governed by India and China having huge markets for mobile devices and other related consumer electronics products. Further, rising sales of wearable devices is another factor driving the AMOLED market in Asia Pacific. Trending growth in consumer electronics sector and growing population in the region mainly driving the market. Due to higher usage of wearable devices and other smart devices in North America, we are expecting tremendous growth in the region.
Some of the prominent players operating in the AMOLED displays market include AU Optronics Corporation, Beijing Opto-Electronics Corporation, Chimei Innolux Corporation, Japan Display Inc., LG Display Company Ltd., Panasonic Corporation, Samsung Display Co. Ltd., Sharp Corporation, Sony Corporation, and others.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. Key data point that enables the estimation ofAMOLED Display market are as follows:
Micro and macro environment factors that are currently influencing the AMOLED Display market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
FIG. 10Market Positioning of Key AMOLED Display Market Players, 2022
FIG. 11Global AMOLED Display Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031