AMOLED Screens Market Size, Share, Growth, and Industry Analysis, By Type (AMOLED Hard Screens, AMOLED Soft Screens and AMOLED Screens), By Application (Mobile Phones, Wearable Devices, Helmet Type VR, TV and Others), Regional Forecast By 2031

Updated On: 22 April 2024

AMOLED Screens Market Report Overview

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The global AMOLED screens market size was USD 21260 million in 2022. As per our research, the market is expected to reach USD 122665.21 million in 2031, exhibiting a CAGR 21.5% of during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-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.

The global AMOLED screens is also known as, organic light-emitting diode. AMOLED stands for active-matrix organic light-emitting diode. It is a type of display technology that is commonly used in smartphones, televisions, and other electronic devices. They are known for their vibrant colors, deep blacks, and high contrast ratios. They use organic compounds to emit light when an electric current is passed through them. This means that each individual pixel in an AMOLED screen can be turned on or off independently, allowing for more precise control over the display. Growing popularity of wearable devices is driving the market.

The global AMOLED screens market progression can be credited to the upsurge in the demand due increasing demand for smartphones. With the increasing adoption of smartphones globally, the demand for these screens has also increased. They offer better color reproduction, high contrast, and energy efficiency compared to other screen technologies, making them a popular choice for smartphones.

COVID-19 Impact: Pandemic led to increase in demand for electronic devices to overcome boredom

The effects of the COVID-19 pandemic are already being felt on a global level, the global AMOLED screens was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the semiconductor & electronics as well. Pandemic has increased the demand for electronic devices such as smartphones, tablets, laptops and televisions as people spend more time at home due to lockdowns and social distancing measures. This has led to increased demand for these screens, which are commonly used in these devices, and the market has seen a surge in sales.

Latest Trends:

"Increased adoption of the product in automotive applications to offer growth opportunities"

The adoption of AMOLED displays in the automotive industry is growing rapidly. They offer superior image quality and better visibility, making them ideal for use in digital dashboards, rearview mirrors, and infotainment systems. The increasing demand for advanced driver assistance systems and autonomous driving technologies is influencing the market to grow high in the coming years.

AMOLED Screens Market Segmentation

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• By Type

Based on type, the global market is divided into AMOLED hard screens, AMOLED soft screens and AMOLED screens.

• By Application

Based on application, the market is divided into mobile phones, wearable devices, helmet type VR, TV and others.

Driving Factors

"Rising demand for OLED (organic light-emitting diode) displays in televisions "

OLED displays are becoming increasingly popular in televisions due to their superior picture quality and energy efficiency. As the demand for high-quality televisions increases, the demand for AMOLED screens is also expected to increase.

"Increasing adoption of wearable devices to boost the demand for electronics in the market"

They are also commonly used in wearable devices such as smartwatches and fitness trackers. The growing popularity of these devices is expected to drive the demand for AMOLED screens in the coming years.

"Increasing demand for foldable products to surge market growth"

Foldable smartphones with AMOLED screens have been introduced by several major manufacturers. These screens allow for a larger display without increasing the device's size, providing a more immersive user experience which is driving the market.

RESTRAINING FACTORS

"Rising tough competition to hinder market growth"

There is tough competition in the global AMOLED display market. The major key players are holding the largest market share. Also, there are new arrivals every day in the market. Due to technological advances, the methods and materials used for manufacturing get obsolete. Businesses have to update and upgrade their techniques continuously so that their products remain in demand and not become old-fashioned. There is inflation in the production cost as the manufacturing operations are complicated.

AMOLED Screens Market Regional Insight

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"North America to dominate the market due to the rising demand for smart phones in the region"

North America is estimated to be the fastest-growing region in the overall market over the forecast period, owing to the increasing demand for smart phones and consumer electronics. North America is a major market for smartphones, tablets, and other consumer electronics. With the growing demand for high-quality displays in these devices, the demand for AMOLED screens has increased significantly.

Asia-Pacific likely to hold the second-largest share in the market. Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is growing tremendously because of the increasing demand for AMOLED displays for head-mounted devices, smartwatches, smartphones, notebooks, computers, laptops, and others. China, Japan, and South Korea hold the largest market share because leading manufacturing companies are located in this region.

Key Industry Players

"Market Players to Boost Market Growth by adopting various strategies"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Samsung (HQ: Korea)
• Dresden Microdisplay (HQ: Germany)
• Novaled AG (HQ: Germany)
• AU Optronics (HQ: Taiwan)
• BOE Display (HQ: China)
• Everdisplay (HQ: China)

Report coverage

This report examines an understanding of the global AMOLED screens market’s size, share, 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, macroeconomic 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.