AMOLED Display Market Share - Emerging Technologies and Industry Growth by Forecast to 2023
The active-matrix organic light-emitting diode (AMOLED) is a futuristic display technology which leverages most energy-efficient display technologies. AMOLED has the potential to change the future of displays. AMOLED technology is far superior to LED and LCD technology and offers low power consumption. As a result, this advanced display technology is rapidly replacing existing LED and LCD technologies from various consumer devices such as Smartphone, tablets, and others.
The global AMOLED Display Market Share has been growing rapidly, mainly due to the wide adoption of these displays across the burgeoning industries such as consumer electronics, media, and entertainment & sports, retail, among others. Additionally, the growing demand for energy-efficient display for small devices such as smartphones and other electronic devices escalates the market on the global level.
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According to a leading research firm, Market Research Future (MRFR), the global AMOLED Display Market Share is poised to reach the valuation of approximately USD 14 BN by 2023. In its recently published analysis, MRFR also confirms that the market would register a CAGR over18% throughout the forecast period (2017 to 2023). Rapid urbanization and widening uptake of smartphones led by the improving economy worldwide is fuelling the growth of the market, improving consumer’s purchasing power.
With technological advancements, the AMOLED displays have significantly evolved. The growing numbers of product launches with high resolution are spurring the sales, increasing the size of the AMOLED Display Market Share. Furthermore, significant investments made by the manufacturers to bring more innovations in these displays are paying off well, fostering the market growth.
Conversely, factors such as the substantially high cost of AMOLED displays are obstructing the growth of the market. However, technological advancements are likely to present some cost-effective solutions which would, in turn, support the growth of the market, pulling down the cost of AMOLED displays down.
The report is segmented into four key market dynamics to widen the scope of understanding,
By Display Type: Flexible, Transparent, and 3D, among others.
By Material: Polymer and Glass, among others.
By Application: Consumer Electronics, Retail, Automotive, and Healthcare, among others.
By Regions: North America, Europe, Asia Pacific, and Rest-of-the-World.
The Asia Pacific region would retain its leading position over the global AMOLED Display Market Share throughout the forecast period. The presence of giant players like Samsung and LG, alongside, the increased adoption of AMOLED display technology is positively impacting the growth of the regional market. The exponential growth of the market is subjected to the investment in research & development in display technology by major market vendors.
The AMOLED Display Market Share in the North American region accounts for the next leading share, globally. The growing uptake of these displays, increasing investments transpired into the products development, and the ability of the manufacturers to develop cutting-edge display technologies are some of the key factors driving the growth in the regional market.
The Europe AMOLED Display Market Share is emerging as a promising market globally. Rapid technological advancement in OLED technology has been driving the growth of the regional market. Moreover, factors such as the demand for premium electronic products alongside, the resurging economy in the region contribute to the growth of the regional market. Europe is also expected to be the fastest-growing market due to the rising demand for outdoor application and stringent energy efficiency regulation.
Key players leading the AMOLED Display Market Share include Beijing Opto-Electronics (China), AU Optronics (Taiwan), Chimei Innolux Corp. (Taiwan), Japan Display (Japan), Dresden Microdisplay (Germany), LG Display (Korea), Samsung Display (Korea), Panasonic (Japan), Sony Corporation (Japan), and Sharp Corp. (Japan),among others.
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