NEW YORK, Aug. 21, 2018 (GLOBE NEWSWIRE) -- The global active-matrix organic light emitting diode (AMOLED) display market is expected to grow significantly from USD 20.7 Billion in 2017 to USD 73.5 Billion in 2024 at a CAGR of 19.1%. Factors driving the global AMOLED display market are growing demand for energy- efficient lighting technology, cost efficient broadband multimedia and increasing usage of electronic devices and gadgets. Moreover, the increasing demand for lighter and slimmer bodies of smart phones and smart watches with various designs (AMOLED panels and displays) is further driving the growth of the market. Although these systems are energy-efficient, the production cost is higher due to their complicated manufacturing.
The screen of the AMOLED are thinner, energy efficient and can generate more vivid and dramatic colors than basic TFT. Individual lightening of pixels can be controlled and therefore, the picture we see is quite natural and with bright colors. AMOLED display gives brighter, more vibrant and saturated colors than LCD panels, TFT (thin film transistor) uses inorganic component as a key component, while AMOLED are made from organic material, especially carbon that exceeds the lifetime of panel.
Key findings from the report:
- On the basis of component, adoption of thin-film transistor (TFT) is expected to be the fastest growing segment.
- Based on display type, emergence of flexible AMOLED display has shown a rapid growth over the forecast period as various designs with lighter and slimmer bodies can be produced.
- Based on application, smart phones held the largest segment due to a number of features including high resolution and enhancement in the long lasting span electronic device’s batteries.
- Consumer electronics segment is expected to account for highest market share in AMOLED display market. It finds its wide application in consumer electronics products such as monitors, TV display screen, tablets, laptops, smart watches, smart phones and others.
- Some of the key companies operating in the AMOLED display industry are Panasonic Corporation; LG Electronics; Samsung Display Co. Ltd.; Sony Corporation; AU Optronics Corp.; Sharp Corporation; Beijing Opto-Electronics; BlackBerry Ltd.; Chimei Innolux Corp.; Japan Display, and Dresden Microdisplay GmbH among others
Flexible AMOLED panels shows high penetration into consumer electronics
The utilization of AMOLED display in consumer electronics products such as audio/visual display systems, smart phones, household goods, dynamic information displays, mobile telephones, portable games, personal care appliances, industrial/medical instruments, personal digital assistants (PDAs), and digital cameras has a huge impact on users. An organic light emitting diode with active-matrix provides addressing of individual pixels, and each pixel can be controlled directly.
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AMOLED Market - Regional insight
North America is accounted to be the fastest growing region during the forecast period owing to the increasing usage of wearable devices and other smart devices. Asia-Pacific held the major share of the global AMOLED display market and further anticipated to register a significant CAGR over the years. China, Japan and India are the leading countries in the region. This growth is mainly driven by trending growth of consumer electronics sector and growing population in the region.
The report segments the global active-matrix organic light emitting diode display market on the basis of component, material, display type, application, end-use industry, and region.
By Component
- TFT
- Cathode
- Anode
- Conducting Layer
- Others
By Material
- Polymer
- Glass
- Glass Substrate
By Display Type
- Conventional
- Flexible
- 3D Display
- Transparent
By Application
- Tablets
- Televisions
- Smart Phones
- Digital Cameras
- Personal Computers
- Others
By End-use Industry
- Consumer Electronics
- Automobile
- Healthcare
- Defense
- Retail
- Others
By Region
- Asia-Pacific (APAC)
- North America
- Europe
- Rest of the World (ROW)
- Middle East and Africa (MEA)
- South America
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