Foldable AMOLED Market Size
What Are the Projected Growth and Market Size Trends for the Foldable AMOLED Market?
Recent years have seen a massive expansion in the size of the foldable AMOLED market. Projected to rise from $5.73 billion in 2024 to $7.66 billion in 2025, it is set to achieve a compound annual growth rate (CAGR) of 33.6%. The increased demand for cutting-edge gadgets, an array of potential applications, strategies to cut costs, and a highly competitive market environment have been instrumental in driving growth during the historical period.
The market for foldable AMOLED displays is anticipated to surge remarkably over the subsequent years, climbing to a worth of $24.18 billion in 2029 with a compound annual growth rate (CAGR) of 33.3%. This projected rise during the forecast period could be attributed to factors such as a rise in consumer preferences for flexible screens, technological innovation, broadening applications, a reduction in production costs, and strategic partnerships and collaborations. The forecast period also expects to see emerging trends including advancements in material science, progression in organic light-emitting diode (OLED) technology, enhancements in encapsulation methodologies, advancements in flexible thin film technology, and revolutions in display manufacturing procedures.
What Are the Key Drivers Behind the Growth of the Foldable AMOLED Market?
The demand for consumer electronics, which is on an upward trend, is anticipated to fuel the expansion of the foldable AMOLED market in the future. Consumer electronics encompass a wide array of everyday electronic devices intended for usage by consumers or end-users. There’s an uptick in the demand for these electronics owing to technological progress, rising disposable incomes, and changing lifestyle patterns. In consumer electronics, foldable AMOLED technology is deployed to produce pioneering, flexible, and neat gadgets like smartphones, tablets, and laptops. For instance, as per the 2022 annual financial report published by consumer electronics and home appliances company, LG Corporation from South Korea, LG crossed the $60 billion revenue mark for the first time in January 2023. This marked a 12.9% increase from the previous year, 2021, mainly contributed by robust demand for premium home appliances and automotive parts. The appliance business unit also witnessed sustained year-over-year growth for the seventh straight year. Furthermore, as per the US-based trade organization, the Consumer Technology Association (CTA), smartphone shipments are projected to touch 154.1 million units accompanied by $74.7 billion in revenues in 2022, a 3% jump from 2021’s 149.6 million units. Also, the sales of automotive technology are predicted to surge by 7% to $16 billion in 2022, up from $14.9 billion, bolstered by improvements in chip supply. Consequently, the rising demand for consumer electronics is steering the foldable AMOLED market’s growth.
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Which Leading Companies Are Shaping the Growth of 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 Major Trends Shaping the Foldable AMOLED Market?
In the foldable AMOLED market, prominent companies are concentrating on creating new solutions, like AMOLED display smartphones, to bolster their profits. These smartphones employ AMOLED technology for their displays. Nubia Technology, a smartphone producer based in China, is one example. The company introduced the Nubia Flip 5G in April 2024; this foldable smartphone boasts a 6.9-inch AMOLED display. Its internal features include a Qualcomm Snapdragon 7 Gen 1 processor, RAM options of 8GB/12GB, and storage capabilities of 256GB/512GB. A dual rear camera, featuring a 50MP primary sensor and a 2MP depth camera, as well as a 16MP front camera, enrich the device’s photographic capacities. The phone, which comes with a 4310mAh battery, also supports 33W rapid charging.
What Are the Key Segments of 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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Which Region Dominates 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.
What Is Covered In The Foldable AMOLED Global Market Report?
– Market Size Analysis: Analyze the Foldable AMOLED Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Foldable AMOLED Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Foldable AMOLED Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Foldable AMOLED Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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