Foldable AMOLED Global Market Report 2024

The foldable AMOLED market size has grown exponentially in recent years. It will grow from $4.3 billion in 2023 to $5.73 billion in 2024 at a compound annual growth rate (CAGR) of 33.3%. The growth in the historic period can be attributed to the increasing demand for innovative devices, the diverse range of application possibilities, strategies aimed at reducing costs, and a competitive landscape driving advancements in foldable AMOLED technology.

The foldable AMOLED market size is expected to see exponential growth in the next few years. It will grow to $18.15 billion in 2028 at a compound annual growth rate (CAGR) of 33.4%. The growth in the forecast period can be attributed to consumer demand for flexible displays, ongoing technological advancements, expanding applications across industries, decreasing production costs due to economies of scale, and increased partnerships and collaborations within the foldable AMOLED ecosystem. Major trends in this period include advancements in material science, the adoption of organic light-emitting diode (OLED) technology, improvements in encapsulation techniques for flexible displays, the development of flexible thin film substrates, and innovations in display manufacturing processes to meet the demands of foldable AMOLED displays.

The foldable AMOLED market is poised for growth, driven by the increasing demand for consumer electronics. Consumer electronics encompass a wide range of electronic devices designed for everyday use by end-users. This demand is rising due to advancements in technology, higher disposable income, and evolving lifestyles. Foldable AMOLED technology is crucial in creating innovative, flexible, and compact devices such as smartphones, tablets, and laptops in the consumer electronics sector. For example, LG Corporation's annual financial report in January 2023 showed revenue exceeding $60 billion for the first time, driven by high demand for premium home appliances and automotive parts. This growth trend underscores the impact of rising consumer electronics demand on the foldable AMOLED market.

Leading companies in the foldable AMOLED market are intensifying their efforts to develop innovative solutions, particularly AMOLED display smartphones, to capitalize on market growth. AMOLED display smartphones utilize AMOLED technology for their screens, offering enhanced visual experiences. For instance, Nubia Technology launched the Nubia Flip 5G in April 2024, featuring a 6.9-inch AMOLED display, Qualcomm Snapdragon 7 Gen 1 processor, options for 8GB/12GB RAM, and 256GB/512GB storage. The phone boasts a dual rear camera setup, fast charging capabilities, and a 4310mAh battery, catering to the demands of tech-savvy consumers.

In July 2022, Samsung Electronics acquired Cynora GmbH for $300 million to bolster its OLED display technology, particularly in foldable displays. This strategic move is aimed at maintaining Samsung's competitive edge in the market. Cynora GmbH specializes in providing OLED displays for foldable devices, aligning with Samsung's focus on advancing foldable AMOLED technology.

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.

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.

The countries covered in the foldable AMOLED market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Foldable AMOLED is a flexible display technology that allows screens to bend or fold without breaking. It utilizes organic compounds to produce light and is controlled by a matrix of thin-film transistors. This technology is commonly found in modern smartphones, tablets, and other portable devices, enabling new form factors and enhancing durability.

The main types of foldable AMOLED are active-matrix organic light-emitting diode (AMOLED) and passive matrix OLED (PMOLED). Active-matrix OLED uses a thin-film transistor (TFT) array to control each pixel individually, resulting in faster response times and higher refresh rates. These displays can be made using materials such as glass, metal, and plastic, making them suitable for various applications such as smartphone displays, tablets, notebooks, and wearable displays.

The foldable AMOLED market research report is one of a series of new reports that provides foldable AMOLED market statistics, including the foldable AMOLED industry global market size, regional shares, competitors with the foldable AMOLED market share, detailed foldable AMOLED market segments, market trends, and opportunities, and any further data you may need to thrive in the foldable AMOLED industry. These foldable AMOLED market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The foldable AMOLED market consists of sales of in-folding displays, dual-folding displays, and rollable displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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