PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555770
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555770
Active-Matrix Organic Light-Emitting Diodes Display Market size was valued at USD 13,010.32 million in 2023, expanding at a CAGR of 17.90% from 2024 to 2032.
The Active-Matrix Organic Light-Emitting Diodes (AMOLED) Display Market refers to the market segment focusing on advanced display technology that uses organic compounds to produce light. AMOLED displays are known for their superior image quality, including better contrast, faster refresh rates, and deeper blacks, making them popular in high-end smartphones, TVs, and wearable devices. Growing consumer demand for vibrant and energy-efficient displays, especially in consumer electronics, has significantly boosted market growth. Technological advancements, such as the development of flexible and foldable displays, are further propelling market expansion. However, high production costs and limited lifespan compared to traditional LCDs are key challenges for manufacturers. Despite these challenges, opportunities lie in the increasing adoption of AMOLED displays in the automotive and healthcare sectors, where their benefits in terms of energy efficiency and high resolution are becoming more valued.
Active-Matrix Organic Light-Emitting Diodes Display Market- Market Dynamics
Rising Consumer Preference for Vibrant and Energy-Efficient Displays Fuels AMOLED Market Growth
Rising consumer preference for vibrant and energy-efficient displays is significantly driving the growth of the AMOLED market. With global tech giants like Samsung and Apple increasingly incorporating AMOLED technology into their flagship devices, the demand for these high-quality displays has surged. For instance, Samsung's Galaxy series, which features AMOLED screens, accounted for nearly 70% of the company's smartphone sales in 2023, reflecting the strong consumer inclination towards superior display technology. Additionally, a report from the U.S. Department of Energy highlighted that OLED technology, including AMOLED, can reduce energy consumption in displays by up to 40% compared to traditional LCDs, making it a favorable choice for both manufacturers and consumers aiming for sustainability.
Active-Matrix Organic Light-Emitting Diodes Display Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 17.90% over the forecast period (2024-2032)
Based on Material Type segmentation, Organic Layers was predicted to show maximum market share in the year 2023
Based on Display Type segmentation, Flexible AMOLED was the leading type in 2023
Based on Application segmentation, Smartphones was the leading type in 2023
On the basis of region, Asia-Pacific was the leading revenue generator in 2023
The Global Active-Matrix Organic Light-Emitting Diodes Display Market is segmented on the basis of Material Type, Display Type, Application, End-User, and Region.
The market is divided into four categories based on Material Type: Organic Layers, Substrates, Encapsulation, Anodes & Cathodes. Organic layers are of top priority due to their critical role in light emission. Substrates follow, providing structural support. Anodes & Cathodes are essential for electron flow, while Encapsulation ensures durability and protection.
The market is divided into four categories based on Display Type: Flexible AMOLED, Rigid AMOLED, Transparent AMOLED, and Foldable AMOLED. Flexible AMOLED leads due to its widespread use in smartphones and wearables. Foldable AMOLED follows with growing adoption in innovative devices. Rigid AMOLED remains essential for cost-effective applications, while Transparent AMOLED is emerging in niche markets.
Active-Matrix Organic Light-Emitting Diodes Display Market- Geographical Insights
The Active-Matrix Organic Light-Emitting Diodes (AMOLED) Display Market shows significant geographical variations, with Asia-Pacific emerging as the leading region, driven by high production capacities and strong consumer demand. In 2023, over 85% of AMOLED panels were manufactured in countries like South Korea and China, with companies like Samsung Display and BOE Technology leading the charge. The region's dominance is further bolstered by government initiatives, such as China's "Made in China 2025" plan, which supports the development of advanced display technologies. North America follows, fueled by strong demand for high-end consumer electronics and increasing adoption in automotive displays. For instance, over 40% of new vehicles in the U.S. are expected to feature AMOLED displays by 2025. Europe, while smaller in market size, is witnessing growth in sectors like healthcare, where AMOLED displays are being adopted for medical imaging devices. The region's focus on energy efficiency and sustainability also aligns well with the advantages of AMOLED technology.
The Active-Matrix Organic Light-Emitting Diodes (AMOLED) Display Market is characterized by intense competition among leading players, with Samsung Display, LG Display, and BOE Technology dominating the landscape. Samsung Display, a pioneer in AMOLED technology, holds a significant market share, supplying over 50% of the global AMOLED panels in 2023. The company's strategic partnership with Apple to supply AMOLED displays in iPhones has further solidified its market position. LG Display, another key player, has been expanding its footprint in the automotive sector, recently collaborating with General Motors to develop advanced AMOLED displays for their next-generation vehicles. Meanwhile, BOE Technology, a major Chinese display manufacturer, has been aggressively expanding its AMOLED production capacity, aiming to challenge the dominance of South Korean companies. In 2022, BOE announced a $7 billion investment in a new AMOLED production facility in China, underscoring its commitment to becoming a global leader in the AMOLED market. These competitive dynamics highlight the ongoing battle for market leadership in this rapidly evolving industry.
In June 2019, LG Display Co. Ltd. introduced a transparent AMOLED display, notable for its pencil-thin, delicate design. This innovative display, primarily sought after by the retail and healthcare industries, is tailored for commercial applications.
In August 2019, Samsung Electronics scaled back its LCD and LED operations and significantly invested in OLED screen production, focusing resources on advancing its OLED technology to meet growing market demands.