AMOLED Display Market Size, Share, Growth, and Industry Analysis, By Type (Active-Matrix, Organic Light-Emitting Diode(AMOLED Display), Passive Matrix OLED(PMOLED)), By Application (Smartphone, smart watch ,Wearable device, digital cameras, TV sets and MP3 players, radio decks for automobiles, small devices) and Regional Forecast By 2031

Updated On: 08 April 2024

AMOLED Display Market Report Overview

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The global AMOLED display market size was US$ 65980 million in 2021. As per our research, the market is projected to touch USD 128867.18 million by 2031, exhibiting a CAGR of 25.0% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the AMOLED display market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

AMOLED is a presentation innovation, which represents dynamic lattice natural light producing diodes. It is a sort of OLED show, which is utilized in cell phones and compact gadgets. It uses less power while maintaining the same level of performance as their OLED-based passive matrix counterparts. Organic light emitting diode, a thin-film display technology, and active matrix, the technology that addresses pixels, make up its components.

AMOLED displays are lighter, more adaptable, brighter, and more energy efficient. They also don't need backlighting, use less power, have a high contrast ratio, are of high quality, and provide a better experience for viewers. The global prevalence of smartphone users and the integration of cutting-edge technological advancements are some of the primary drivers of market expansion. In addition, the AMOLED display market is expanding due to its widespread use in a variety of electronic devices, including mobile phones, tablets, smart watches, laptops, digital cameras, and televisions, as well as the widespread preference for OLED displays over LCD displays.

COVID-19 Impact: Pandemic Hampered Market Demand

The pandemic has delayed the production and shipment of AMOLED displays and disrupted the supply chain. Smartphones, tablets, and other devices with these displays have seen a decline in sales as a result of this shortage of displays. High-end smartphones and tablets typically have AMOLED displays, but many consumers are delaying purchasing them. The pandemic has constrained numerous makers to briefly decrease their creation limit or shut down their industrial facilities. This has prompted a lessening in the development of AMOLED shows and a lull in the extension of the AMOLED show market. However, it is anticipated that the market will eventually recover and continue to expand in spite of these obstacles. The market is expected to expand in the coming years due to the development of new applications, the rising demand for high-quality displays, and the growing use of smartphones and other mobile devices.

Latest Trends

"Increasing Investment by Key Players to Fuel Market Growth"

AMOLED-based smartphones, wearables, and televisions have become increasingly popular, resulting in an increase in demand for these displays. With improved colour accuracy and higher resolutions, these displays were becoming more effective. This was because manufacturing processes and materials had improved. The automotive industry was adopting these displays for use in entertainment systems and dashboard displays. In addition, the major players are funding activities related to research and development (R&D) and introducing new features to the AMOLED technology in order to expand its use in other devices. For instance, Samsung Group, a multinational corporation based in South Korea, created in-cell touch panels and marketed them under the brand name "Super AMOLED." In addition, the company developed short, uniform, and long-range film thickness control using custom modelling and analytical methods that are commercially viable at large glass sizes

AMOLED Display Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Active-Matrix, Organic Light-Emitting Diode(AMOLED Display), Passive Matrix OLED(PMOLED).

• By Service Analysis

Based on service, the market can be divided into smartphone, smart watch, Wearable device, digital cameras, TV sets and MP3 players, radio decks for automobiles, small devices.

Driving Factors

"Superior Display Performance to Accelerate Market Demand"

When compared to conventional LCD displays, the image quality on AMOLED displays is superior. They are popular for use in smartphones, tablets, and other mobile devices due to their vivid colors, high contrast ratios, and deep blacks. Flexible and foldable displays made possible by AMOLED technology can be used in a variety of applications, including wearable devices, automotive displays, and even large displays for advertising and entertainment. The adoption of OLED shows in different applications, like televisions, cell phones, and wearables, is driving the development of the market. In comparison to conventional LCD displays, OLED displays offer a number of advantages, including improved colour accuracy, broader viewing angles, and thinner form factors. These displays use less energy than standard LCD displays. They are ideal for use in portable devices that require a longer battery life because they use less power and generate less heat. Technological advancements further accelerating AMOLED display market growth.

Restraining Factors

"Increase Cost and Limited Timespan to Hinder Growth of Market "

The cost of producing AMOLED displays is significantly higher compared to other display technologies such as LCD or LED. Because of this, they displays are more expensive, particularly for low-end devices like budget smartphones. Despite the fact that AMOLED shows offer great visuals, they have a more limited life expectancy contrasted with other presentation innovations. This can restrict their application in gadgets that require long haul use, like clinical gear or modern presentations.

AMOLED Display Market Regional Insights

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"Growing Demand in Asia-Pacific Anticipated to Boost Market Development"

Asia-Pacific holds the leading position in AMOLED display market share due to the strong presence of the manufacturing base, the high smartphone penetration in developing economies like China, Japan, India, and South Korea, and the presence of companies that make electronic devices like Samsung, LG, and Nokia. As the use of these displays in consumer electronics grows, it is anticipated that the market in Asia-Pacific will expand. Additionally, key market players are concentrating on the adoption of a variety of products across a variety of verticals, creating potential growth opportunities for market.

Key Industry Players

"Market Growth is being influenced by Adoption of Innovative Strategies by Key Players "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are SMD, LGD, SONY, Futaba Corporation, Sichuan CCO Display Technology, RITEK, Visionox, JOLED, EDO. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

List of Market Players Profiled

• SMD
• LGD
• SONY
• Futaba Corporation
• Sichuan CCO Display Technology
• RITEK
• Visionox
• JOLED
• EDO

Report Coverage

This report examines an understanding of the AMOLED display market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.