Active Matrix Organic Light Emitting Diode (AMOLED) Display Global Market Report 2024

The active matrix organic light emitting diode (AMOLED) display market size has grown rapidly in recent years. It will grow from $14.16 billion in 2023 to $16.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth during the historical period can be attributed to several factors, including an increased emphasis on energy-efficient technologies, improved contrast ratios, faster refresh rates, and better color accuracy in AMOLED displays. Additionally, the development of bendable and foldable AMOLED screens, increased efficiency, expanded use in smartwatches and fitness trackers, and the introduction of AMOLED technology in high-end TV models contributed to this growth.

The active matrix organic light emitting diode (AMOLED) display market size is expected to see rapid growth in the next few years. It will grow to $31.43 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. In the forecast period, growth in AMOLED displays can be attributed to their increasing use in gaming monitors, rising demand for premium products, diversification by manufacturers, growth of in-display fingerprint sensors, cameras, and other embedded technologies, and the proliferation of the Internet of Things (IoT). Major trends expected include emerging applications in Augmented Reality (AR) and Virtual Reality (VR), advancements in manufacturing processes, increased production capacity, development of microLED and AMOLED hybrid displays, quantum dot enhancement, transparent and mirror displays, as well as ultra-thin and lightweight displays.

The active matrix organic light emitting diode (AMOLED) display market is set to experience significant growth due to the increasing demand for smartphones. Smartphones, which combine cellular communication with advanced computing capabilities and internet connectivity, have become more indispensable thanks to widespread high-speed internet and mobile data networks. This has made them invaluable for web browsing, content streaming, and accessing online services and applications. The introduction of flexible AMOLED displays has further expanded design possibilities, enabling features such as curved or foldable displays in smartphones. Consumer Affairs reported in December 2023 that around 97% of Americans owned a feature phone or smartphone in 2022, with future projections anticipating that American smartphone users will surpass 364 million by 2040. Consequently, the growing demand for smartphones and consumer electronics is expected to drive the AMOLED display market's growth.

Key players in the AMOLED display market are actively developing technological solutions such as OLED gaming consoles to stay competitive. These gaming devices leverage OLED displays to deliver superior visual quality with vibrant colors and sharp contrast. For example, Nintendo, a Japan-based video game company, introduced the Nintendo Switch organic light-emitting diode (OLED) in October 2021, featuring a 7-inch OLED screen with vibrant colors and sharp contrast, 64GB of internal storage, and improved audio from the system's onboard speakers in handheld and tabletop modes, among other enhancements.

In June 2022, Samsung Display, a South Korea-based electronic manufacturing company, completed the acquisition of Cynora for approximately $300 million. This strategic move is aimed at enhancing Samsung Display's development of next-generation panels by integrating Cynora's expertise in blue OLED emitter materials. The integration is expected to improve the efficiency, color quality, and overall performance of Samsung's OLED displays, further solidifying its competitive position in the display market. Cynora, headquartered in Germany, specializes in developing materials for OLEDs, OPVs, and organic electronics for display manufacturing companies.

Major companies operating in the active matrix organic light emitting diode (AMOLED) display market are Lenovo Group Limited, Panasonic Corporation, BOE Technology Group, Nokia, LG, Sharp Corporation, TCL Electronics Holdings Limited, Innolux Corporation, AU Optronics (AUO) Corp., Samsung Display Co. Ltd., Truly International Co. Ltd., Japan Display Inc. (JDI), Royole Corporation, Kopin Corporation, JOLED Inc., Visionox Technology Inc., EverDisplay Optronics, Tianma Microelectronics Co. Ltd, Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Shenzhen DaSen Electronic Co. Ltd.

Asia-Pacific was the largest region in the active matrix organic light emitting diode (AMOLED) display market in 2023. The regions covered in the active matrix organic light emitting diode (AMOLED) display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the active matrix organic light emitting diode (AMOLED) display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

AMOLED displays are a type of OLED (Organic Light-Emitting Diode) display that uses an active matrix to control individual pixels, emitting their own light without needing a backlight such as traditional LCD displays. The organic compounds in AMOLED displays emit light when an electric current is applied.

The main types of AMOLED displays are flexible, transparent, and 3D. A conventional AMOLED display uses organic compounds and an active matrix of thin-film transistors to produce vibrant, high-contrast visuals with efficient power consumption. These displays can be made with materials such as polymer, glass, and glass substrates, finding applications in industries such as consumer electronics, retail, automotive, healthcare, and more.

The active matrix organic light emitting diode (AMOLED) display research report is one of a series of new reports that provides active matrix organic light emitting diode (AMOLED) display market statistics, including the active matrix organic light emitting diode (AMOLED) display industry's global market size, regional shares, competitors with an active matrix organic light emitting diode (AMOLED) display market share, detailed active matrix organic light emitting diode (AMOLED) display market segments, market trends and opportunities, and any further data you may need to thrive in the active matrix organic light emitting diode (AMOLED) display industry. This active matrix organic light emitting diode (AMOLED) display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The active matrix organic light emitting diode (AMOLED) display market consists of sales of super active matrix organic light emitting diode (AMOLED), active matrix organic light emitting diode (AMOLED), flexible AMOLED, foldable active matrix organic light emitting diode (AMOLED), and transparent active matrix organic light emitting diode (AMOLED). 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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