According to a recently published report by Research Nester on “AMOLED Displays Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the AMOLED displays market in terms of market segmentation by display type, by material, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Growing technological advancements is driving the market towards AMOLED displays that have HD displays with crystal clear screen images. These displays are one of the most energy efficient and developing lighting technologies in the recent scenario and in terms of their implementation in future. The number of devices that can employ this technology is expected to increase in the near future. Moreover, the companies operating in this sector are looking for amplifying their production capacity which in turn, would strengthen the revenue of the companies leading to rise in international competitiveness.
The global AMOLED displays market was valued at USD 22.1 Billion in 2018 and is estimated to reach USD 74.3 Billion by 2027. The market is anticipated to record a CAGR of around 19.3% over the forecast period i.e. 2019-2027. The market is segmented by display type, material, applications & end use industry. End use industry is further bifurcated into healthcare, automotive, consumer electronics, retail and others, out of which, the consumer electronics segment is anticipated to have leading shares on account of huge impact on users for the dynamic properties of these displays such as less power consumption, high-quality picture display and other material properties.
Geographically, North America’s market of AMOLED displays is anticipated to be the fastest growing market owing to the increased usage of smart devices in this region, whereas, the market in Asia-Pacific is estimated to hold significant shares owing to rising population and presence of prominent vendors along with rapid advancement in technology across different industries.
Growing Penetration of Smart Phone Users
Riding on the back of growing demand for smartphones across the globe for various numerous video and gaming applications, the market is estimated to witness significant growth in upcoming years. The growing demand for high resolution display in smartphones, televisions, and other electronic devices is also supporting the growth of the market. The material used in this technology is degradable and in compliance with the regulations of Environmental Protection Agency (EPA). These factors are some of the major factors that are anticipated to boost the demand for AMOLED displays in upcoming years.
However, the high cost of manufacturing, repairing and replacing these displays might challenge the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the AMOLED displays market which includes company profiling of Samsung, Dresden Microdisplay, BOE Display, AU Optronics, Militram Futuristic Technologies, Innolux Corporation, Japan Display Inc. and Novaled GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the AMOLED displays market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.