"AMOLED Display Market to Grab the Display Market"

The AMOLED display market worldwide is expected to grow with a CAGR of 14.50% during the forecast period from 2024 to 2032, starting from US$ 21.20 Bn in 2020. AMOLED (active matrix organic light emitting diode) displays market is primarily governed by the consistently growing sales of smartphones worldwide. It is an advanced version of OLED display and is being extensively used in smartphones, smart watches, laptops, televisions, and other electronic devices. Availability of numerous AMOLED displays such as super AMOLED, super AMOLED advanced, super AMOLED plus and others has ensured wide application areas for these displays. On account of growing consumer electronics market, we are expecting huge growth in the AMOLED displays market throughout the forecast period. 

"Consumer Electronics to Continue as the Market Leader"

In 2023, the consumer electronics segment (comprising smartphones, televisions, laptops, smart watches etc.) led the market with more than 60% share worldwide. Due to rise in penetration of smart wearables such as smartwatches, fitness bands, and others, we are expecting a boom in the market. The market is primarily driven by robust smartphone sales worldwide, followed by smart wearables and televisions. AMOLED display consumes less power, making it more suitable for battery-hungry devices such as smartphones, laptops, and wearables. Since, AMOLED displays are now used in nearly all range of smartphones, thereby expanding their application area substantially. Thus, the market is expected to witness continued growth over the forecast period.

"Asia Pacific to Continue as the Market Leader in the Forecast Period"

In 2023, Asia Pacific led the market followed by Europe. The Asia Pacific market is mainly governed by India and China having huge markets for mobile devices and other related consumer electronics products. Further, rising sales of wearable devices is another factor driving the AMOLED market in Asia Pacific. Trending growth in consumer electronics sector and growing population in the region mainly driving the market. Due to higher usage of wearable devices and other smart devices in North America, we are expecting tremendous growth in the region.

Some of the prominent players operating in the AMOLED displays market 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. 

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of AMOLED Display market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the AMOLED Display market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of AMOLED Display market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the AMOLED Display market?
• Which is the largest regional market for AMOLED Display market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving AMOLED Display market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the AMOLED Display market worldwide?