Market Research Future (MRFR) projects the global AMOLED display market to reach approximately USD 14 Billion at a CAGR of 18% from 2017 to 2023 (forecast period).
AMOLED, or Active Matrix Organic Light Emitting Diode, is an energy-efficient display item that combines the technology used in the production of TFT and OLED displays. AMOLED displays are becoming increasingly common in smartphones, tabs, and computer screens. These are also used in the making of televisions because they provide high-resolution pictures. AMOLED display phones have high-resolution picture quality and a user-friendly interface with smooth-touch and configuration properties. It also includes adjustable brightness.
The massive growth of smartphones and the television market is a major factor influencing the growth of AMOLED displays. AMOLED displays are as thin as a pencil. They are finer and more delicate than LEDs and LCDs. They can be adjusted to any shape and size as needed.
AU Optronics (Taiwan), Beijing Opto-Electronics (China), Chimei Innolux Corp. (Taiwan), Dresden Microdisplay (Germany), Japan Display Inc. (Japan), LG Display Co. Ltd. (Korea), Panasonic Corporation (Japan), Samsung Display (Korea), Sharp Corp. (Japan), Sony Corporation (Japan), BOE Technology Group Co. Ltd., Innolux Corporation, Novaled GmbH (Samsung SDI Co. Ltd.), Universal Display Corporation
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COVID-19 Impact on the Global AMOLED Display Market
The COVID-19 is afflicting people all over the world. Except for the pharmaceutical business, it has had a negative impact on the running of all industries. Almost every country has gone under complete lockdown. The borders have been locked, which implies that cross-border movement will be impossible for the foreseeable future. Businesses are also being closed down.
This has had a negative impact on the AMOLED displays market. The global AMOLED display market is likely to increase dramatically following the COVID-19 situation. This is due to the fact that the majority of AMOLED display companies are situated in China, where the Coronavirus was initially discovered. This has pushed back all manufacturing and operating activity in the OLED display market.
The global AMOLED display industry has been segmented into display type, material, and application.
By display type, the global AMOLED display market has been segmented into flexible, transparent, and 3D.
By material, the global AMOLED display market has been segmented into polymer and glass.
By application, the global AMOLED display market has been segmented into consumer electronics, retail, automotive, and healthcare.
By region, the global AMOLED display market has been segmented into America, Europe, Asia Pacific, and the rest of the world.
America, which includes North America (the United States and Canada) and Latin America, is the greatest center for the production and consumption of AMOLED micro displays. This is due to the growing population and the resulting demand for improved consumer products.
The European region, which comprises Germany, the United Kingdom, France, Russia, and Italy, is likewise developing its AMOLED display market. This is due to an increase in the demand for smartphones, tablets, and monitor screens. The expanding automotive industry has also increased demand for AMOLED displays and related products. The car play systems installed in cars are made up of AMOLED screens.
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