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The Demand For Amoled Display Was Estimated At USD ~ 22.25 Billion In 2019. It Is Expected To Witness A CAGR Of 13.7% during the Forecast Period (2020-2028)
The growing adoption of smartphones and other electronic devices is the key factor driving the growth of the AMOLED display market. The rising penetration of smart devices worldwide, the demand for AMOLED displays is increasing and anticipated to drive the market during the forecast period. Amoled displays have extensive use in electronic products owing to their benefits such as these are lighter, flexible, thinner that boosts the sales of these products. Increased penetration of consumer electronic products in the Asia Pacific is another key factor for the market growth. Rapid technological advancement and rising energy-efficient regulations are expected to enhance the market growth in years to come. Amoled display has major applications in the automotive, consumer electronics, healthcare and other industries which are supporting the growth of the Amoled display market.
The increasing technological advancements in the display industry is one of the major key factors for market growth in years to come. Rising disposable income and rapid urbanization anticipated enhancing the rapid growth of the market throughout the forecast period.
The global AMOLED display market is bifurcated on the basis of product type and geography. In terms of product type, the global market is segmented into conventional, transparent, flexible and 3D. In terms of geography, the global market is segmented into Asia-pacific, North America, Latin America, Europe, Middle East and Africa (MEA).
As Per Material Type, Glass Is Expected To Expand At A CAGR Of XX% During The Forecast Period
By Material Type, The Glass Is Expected To Witness The Highest Growth In The AMOLED Display Market Across The Globe. It Is Expected To Hold XX% Of The Total Market.
In 2018, the glass segment dominated the Amoled display market owing to the wide application of glass amoled display in numerous consumer electronics products such as smartphones, laptops, smartwatches, tablets, and others. The rapid growth of the consumer electronics industry globally is expected to enhance the segment growth in years to come. Less power consumption, high contrast display quality, and others are some of the benefits of glass amoled display owing to which the segment is growing significantly. Growing technological adoption in the healthcare industry is projected to boost the market growth in years to come.
By Application, Consumer Electronics Is Estimated To Witness High Sales In Amoled Display Market
The consumer electronics segment dominates the global market in 2019. The segment dominates the market due to technological advancement, rapid penetration of consumer electronic devices among youngsters and increasing disposable income worldwide. The global consumer electronics market is growing with a significant CAGR of nearly 4.9% which anticipated to help the segment growth. Rising adoption of smart devices in emerging nations (such as India, China, South Korea, Indonesia, and others) is expected to enhance the consumer electronics segment. The consumer electronics segment has a major share due to rapidly growing smartphone sales globally. Wide application of Amoled display in the consumer electronic products such as smart television, smartwatch, laptops, tablets, and others anticipated boosting the segment growth in years to come. As a result of the aforementioned factors, the segment is expected to continue its dominance in years to come.
Asia Pacific Region To Dominate The Overall Amoled Display Market In Terms Of Revenue Share
By Region, Asia Pacific dominated the global Amoled display market in 2018. Asia Pacific has a major share in the market due to rapidly growing consumer electronics market and rising disposable income. Growing penetration of smart devices such as smartwatches, smart tv, and others are anticipated to enhance market growth. China and India are expected to majorly govern the Amoled display market in years to come.
The Market Is Expected To Register A CAGR Of XX% During The Forecast Period
North America and Europe have a significant share in the Amoled display market. Rapid technological advancement and the growing adoption of consumer electronic products among millennials are the major factors contributing to the growth of North America and Europe Market.
Beijing Opto-Electronics, Samsung Display, LG Display, Dresden Microdisplay, AU Optronics, Chimei Innolux Corp., Sharp corporation, Sony, Japan Display, Panasonic, Novaled AG, BOE Display, are few of the key players in the global AMOLED display market.
Segmentation of Global AMOLED Display Market:
Amoled Display Market by Type:
Amoled Display Market by Material Type:
Amoled Display Market by Application:
- Consumer Electronics
- Others (Banking, Oil & Gas, etc.)
Amoled Display Market by Region:
- North America
- Latin America
- Middle East & Africa