Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Size Forecast 2024 - 2033
17 Dec, 2024
What Is The Scope Of The Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market?
AMOLED displays are a type of OLED (Organic Light-Emitting Diode) display that uses an active matrix to control the individual pixels. Unlike traditional LCD displays, which require a backlight, AMOLED displays emit their own light. The AMOLED display is made up of an organic compound that emits light when an electric current is applied.
Active Matrix Organic Light Emitting Diode (AMOLED) Display Global Market Report 2024 provides data on the global active matrix organic light emitting diode (amoled) display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Active Matrix Organic Light Emitting Diode (AMOLED) Display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market Expected To Grow In Size And Annual Rates?
The AMOLED display market has experienced rapid expansion, growing from $14.16 billion in 2023 to $16.59 billion in 2024 at a CAGR of 17.2%, driven by energy-efficient technologies, improved display features, bendable and foldable screens, and usage in smartwatches, fitness trackers, and high-end TVs. Expected to reach $31.43 billion by 2028 at a CAGR of 17.3%, growth factors include gaming monitor adoption, rising demand for premium products, and embedded technologies like in-display fingerprint sensors. Emerging trends include AR/VR applications, microLED hybrids, transparent displays, and advancements in lightweight display technology.
What Main Forces Are Fueling Expansion In The Active Matrix Organic Light Emitting Diode (AMOLED) Display Market?
The rising demand for smartphones is projected to boost the growth of the active matrix organic light emitting diode (AMOLED) display market. Smartphones, which combine cellular communication with advanced computing capabilities and internet connectivity, have become increasingly useful due to widespread high-speed internet and mobile data networks. The development of flexible AMOLED displays has introduced new design possibilities for smartphones, including curved or foldable screens. For instance, as of December 2023, approximately 97% of Americans owned a feature phone or smartphone in 2022, and future trends predict that American smartphone users will exceed 364 million by 2040. Consequently, the increasing demand for smartphones and consumer electronics is expected to drive the growth of the AMOLED display market.
Get Your Free Sample of the Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market ReportWhat Are The Primary Segments In The Global Active Matrix Organic Light Emitting Diode (AMOLED) Display Market?
The active matrix organic light emitting diode (AMOLED) display market covered in this report is segmented –
1) By Type: Conventional, Flexible, Transparent, 3-Dimensional (3D)
2) By Material: Polymer, Glass, Glass Substrate
3) By Application: Consumer Electronics, Retail, Automotive, Healthcare, Other Applications
Which Key Trends Are Driving Changes In The Active Matrix Organic Light Emitting Diode (AMOLED) Display Market?
Major companies in the AMOLED display market are focusing on technological advancements such as the organic light-emitting diode (OLED) gaming console to gain a market advantage. An OLED gaming console uses an OLED display to offer superior visual quality with vibrant colors and sharp contrast. For example, in October 2021, Nintendo, a Japan-based video game company, released the Nintendo Switch OLED, an updated version of the Switch gaming console. This version includes a 7-inch OLED screen with enhanced colors and contrast, 64GB of internal storage, and improved audio from the system's onboard speakers in handheld and tabletop modes, showcasing significant upgrades over the original Switch and Switch Lite models.
What Is The Leading Region In The Active Matrix Organic Light Emitting Diode (AMOLED) Display Market?
Asia-Pacific was the largest region in the active matrix organic light emitting diode (AMOLED) display market in 2023. The regions covered in the active matrix organic light emitting diode (AMOLED) display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.