What are the Historical Developments and Current Growth Metrics of the Foldable AMOLED Market?
The foldable amoled market has seen considerable growth due to a variety of factors.
• The foldable AMOLED market has witnessed significant growth recently. It is expected to expand from $5.73 billion in 2024 to $7.66 billion in 2025, with a compound annual growth rate (CAGR) of 33.6%.
This growth can be attributed to rising demand for innovative devices, various application possibilities, cost reduction strategies, and an increasingly competitive market.
What is the Forecasted Market Size and CAGR for the Foldable AMOLED Market?
The foldable amoled market is expected to maintain its strong growth trajectory in upcoming years.
• The foldable AMOLED market is expected to grow exponentially, reaching $24.18 billion by 2029 at a CAGR of 33.3%.
Growth factors include consumer demand for flexible displays, advancements in technology, expanding applications, lower production costs, and strategic partnerships. Key trends include innovations in material science, OLED technology, improvements in encapsulation techniques, the development of flexible thin films, and advancements in display manufacturing processes.
What Key Factors and Trends Are Driving The Growth Foldable AMOLED Market?
The foldable AMOLED market is expected to grow as demand for consumer electronics increases. This growth is driven by technological advancements, rising disposable incomes, and changing lifestyles. Foldable AMOLED displays are popular in smartphones, tablets, and laptops. LG Corporation's 2022 report showed a 12.9% revenue increase, mainly due to high demand for premium products. The Consumer Technology Association also projected a 3% increase in smartphone shipments in 2022, driving demand for foldable AMOLED technology.
What Are The Market Segments In The Foldable AMOLED Market?
The foldable AMOLED market covered in this report is segmented –
1) By Type: Active-Matrix Organic Light-Emitting Diode, Passive Matrix OLED (PMOLED)
2) By Material: Glass, Metal, Plastic
3) By Application: Smartphone Display, Tablets And Notebooks, Wearable Display
Subsegments:
1) By Active-Matrix Organic Light-Emitting Diode (AMOLED): Full AMOLED Display, Flexible AMOLED Display, Transparent AMOLED Display
2) By Passive Matrix OLED (PMOLED): Small-Sized PMOLED Displays, Large-Sized PMOLED Displays
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How Are New Trends Impacting The Size Of The Foldable AMOLED Market?
Companies in the foldable AMOLED market are focusing on innovative smartphones with AMOLED displays to expand market reach. Nubia Technology launched the Nubia Flip 5G in April 2024, featuring a 6.9-inch AMOLED display, Snapdragon 7 Gen 1 processor, and high RAM/storage options, designed to offer a premium user experience in the foldable smartphone category.
Who Are the Key Players In The Foldable AMOLED Market?
Major companies operating in the foldable AMOLED market are:
• AUO Corporation
• Huawei Technologies Co. Ltd.
• Lenovo Group Ltd.
• BOE Technology Group
• TCL Technology Group Corp.
• Sharp Corporation
• LG Display
• ZTE Corporation
• Chimei Innolux Corp.
• Tianma Microelectronics
• Samsung Display Co. Ltd
• Coherent Inc.
• Truly International Holdings
• Japan Display Inc.
• Royole Corporation
• Tecno Mobile
• Visionox Technology Inc.
• Anders Electronics Plc.
• EverDisplay Optronics (EDO)
• Semiconductor Energy Laboratory Co. Ltd.
What Are The Regional Insights Into The Foldable AMOLED Market?
Europe was the largest region in the foldable AMOLED market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foldable AMOLED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
