According to the latest research study, the global AMOLED Display Market size & share is expected to grow above a CAGR of 15.50% and reach over USD 105.11 billion by 2028.
AMOLED is a display technology that uses organic light emitting diodes (OLED) and is used in almost every electronic gadget and appliances. One of the factors that played a major role in the growth of the AMOLED display industry was the announcement by Apple to use it for their iPhone series. Other factors for the industry growth include the increase in use of tablets, Wi-Fi and other electronics devices. Though these display units provide extra ordinary high resolutions, the production cost is considerable. The AMOLED display market is speculated to grow in the near future with increase in consumer devices usage.
Market Size in 2021: USD 48.70 Billion
Projected Market Value by 2028: USD 105.11 Billion
CAGR Growth Rate: 15.50% CAGR
Base Year: 2021
Forecast Years: 2022-2028
Key Market Players include LG Electronics Inc., Sharp Corporation, Panasonic Corporation, AU Optronics Corp., Chimei Innolux Corp., Sony Corporation, Japan Display Inc., SAMSUNG ELECTRONICS CO., LTD., Universal Display Corporation, Dresden Microdisplay, and Others.
Impact of Covid-19:
The pandemic in 2020 has a positive impact on AMOLED Display. Increase in online classes and work from home trends has led to increase in the sales of laptops and smartphones. Though the industry strived with the production and movement during the pandemic, it started growing tremendously in the post half.
The consumer electronics segment is predicted to play a major role in the growth of the AMOLED display market. Increase in the production and sales of laptops, TVs, smartphones and smartwatches lead to the growth of AMOLED Display market. Thus, the global AMOLED Display Market is expected to grow from USD 48.70 Billion to USD 105.11 Billion with a CAGR of 15.50% by 2028.