March 29, 2020
AMOLED Display

AMOLED Displays Market Expected To Exhibit Steady Growth Rate During The Forecast Period

The overall market for AMOLED displays worldwide was valued at US$ 21.20 billion in 2018 and is set to grow at 14.50 per cent CAGR during the forecast period.

Market Insights:

AMOLED display is used primarily in consumer electronics products such as smartphones, smartwatches, smart TVs, laptops and other electronic devices. The global consumer electronics market ended in 2018 with a 6 per cent increase in sales compared to 2017 to more than US$ 150.0 billion. Thus, AMOLED displays continue to register strong market growth. More than 460.0 Mn AMOLED display units were shipped in 2018 compared to 440.0 Mn in 2017. With the growing sales of such electronic devices (mainly smartphones) the demand for AMOLED displays is set to continue to show high growth in the coming years. Consumers prefer to buy AMOLED display devices because of their advantages such as greater flexibility, high colour contrast, lower power consumption and others. As a result, we expect huge growth in the AMOLED display market in the forecast period.

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The market for consumer electronics, including smartphones, laptops, smartwatches and other electronic devices, is driven by the application type of AMOLED display market. As the sales of consumer electronics are increasing, so are the sales of AMOLED displays due to the increasing penetration of consumer electronics products. Due to its reduced power consumption, AMOLED displays are more suitable for use in devices of critical battery importance. The use of AMOLED displays in consumer electronic products, such as dynamic information displays, personal care appliances, household goods and others, has a huge impact on users.

Geographically speaking, Asia Pacific is the largest market for AMOLED displays and will continue to lead the market throughout the forecast period. As the Asia Pacific is the largest manufacturer and purchaser of smartphones, so is the market for AMOLED displays. Moreover, Asia Pacific will be leading its dominant position due to the emerging middle class and rising disposable incomes. Progressive government reforms in India, such as digital India and ‘Make in India’ will drive AMOLED’s market growth. It is expected that North America will be ranked 2nd in the forecast period due to increased use of wearable devices and other smart devices.

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Some of the major companies profiled in the report 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.

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