AMOLED Display Market Enroll CAGR of 17.2% by 2026
According to Acumen research and Consulting, the AMOLED display market is expected to enroll strong growth with a CAGR of 14.50% during the forecast period from 2019 to 2027, starting from US$ 21.20 bn in 2018.
The OLED is a technology that is characterized by a thin film coupled with the organic compounds forming the electroluminescent matter of the AMOLED. AMOLED comprise pixels of active matrix OLED that generate images when electricity flows through it which is controlled and regulated by the TFT displays present.
Owing to the developments in AMOLED displays, the declining prices and rise in the per capita income of the population, the market of AMOLED displays is estimated to attain USD 14.1 billion by 2018. There is an ongoing debate over the manufacturing of AMOLED displays for larger displays due to many complications involved for large display production as compared to the small and medium sized displays.
The major driving factors for AMOLED displays are the advent of smart phones into the market and their emphasized utilization across the globe and other factors like the increased usage of Wi-Fi, broadband multimedia, tablets and similar devices.
AMOLED displays are widely used in digital camera manufacturing as they provide higher refresh rate as compared to OLED, minimizing the response time. It is quite effective in utilizing energy, is cost efficient and gives crystal clear images.
The material used in the production of AMOLED displays is degradable, in keeping with the concerns of EPA regulations and policies. This has given the AMOLED markets a clean sweep from various environmental regulatory agencies across the globe.
The paradigm shift towards the use of smart phones or tablets across the globe has increased, thereby fuelling the markets of AMOLED displays. With recent advancements, the market is moving towards AMOLED displays which are catered with HD displays offering more crystal clear images.
The approved materials used in the production of AMOLED displays by the EPA and changing trends across the globe coupled with the rise in the per capita income of people are acting as some of the major opportunities of the AMOLED display market.
The global AMOLED display market was majorly dominated by Samsung in 2015. Other major players operating in the AMOLED display market include LG Display, U Optronics, Panasonic and Sony among others.
AMOLED Display Market report enhanced on worldwide competition by topmost prime manufactures (Samsung, Sony, Dresden Microdisplay, Novaled AG, AU Optronics, BOE Display among others) which providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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Kevin Roy is a content writer manager with 5 years of experience and provides all industry research press releases. He writes only original and descriptive content.
Acumen Research and Consulting