The AMOLED Display market 2020, according to MRFR, is expected to grow at nearly USD 14 Billion by 2023, at 18% of CAGR over the forecast period (2017 to 2023).
Rapid technological innovation promotes the development of new, cost-effective expertise. The active-matrix organic light-emitting diode (AMOLED) is one of the most energy-efficient and fast-developing lighting technologies available today. The key drivers of the AMOLED display market are its use in consumer electronics products such as smartphones, monitors, smartwatches, television and others, its focus on AMOLED standardization, a boom in the consumer electronics sector, an organized retail market and a growing population. The key driving forces for AMOLED screens are the entry into the business of smartphones and Its accentuated use around the globe and other factors such as increased use of Wi-Fi, broadband multimedia, tablets and similar devices. The market is heading towards AMOLED displays that are catered for with HD displays providing more crystal clear images, with recent advances. The approved materials used by the EPA in the manufacturing of AMOLED displays and evolving patterns around the globe, combined with the increase in people's per capita income, serve as some of the AMOLED display market 's major opportunities.
AU Optronics (Taiwan), Beijing Opto-Electronics (China), Chimei Innolux Corp. (Taiwan), Dresden Microdisplay (Germany), Japan Display Inc. (Japan), LG Display Co. Ltd. (Korea), Panasonic Corporation (Japan), Samsung Display (Korea), Sharp Corp. (Japan), Sony Corporation (Japan), BOE Technology Group Co. Ltd., Innolux Corporation, Novaled GmbH (Samsung SDI Co. Ltd.), Universal Display Corporation
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COVID-19 Impact on the Global AMOLED Display Market
The COVID-19 is afflicting people all over the world. Except for the pharmaceutical business, it has had a negative impact on the running of all industries. Almost every country has gone under complete lockdown. The borders have been locked, which implies that cross-border movement will be impossible for the foreseeable future. Businesses are also being closed down.
This has had a negative impact on the AMOLED displays market. The global Active Matrix Organic Light Emitting Diode Display Market is likely to increase dramatically following the COVID-19 situation. This is due to the fact that the majority of AMOLED display companies are situated in China, where the Coronavirus was initially discovered. This has pushed back all manufacturing and operating activity in the OLED display market.
The global AMOLED display industry has been segmented into display type, material, and application.
By display type, the global AMOLED Display Market has been segmented into flexible, transparent, and 3D.
By material, the global AMOLED display market has been segmented into polymer and glass.
By application, the global AMOLED Display Market Report has been segmented into consumer electronics, retail, automotive, and healthcare.
By region, the global AMOLED display market has been segmented into America, Europe, Asia Pacific, and the rest of the world.
America, which includes North America (the United States and Canada) and Latin America, is the greatest center for the production and consumption of AMOLED micro displays. This is due to the growing population and the resulting demand for improved consumer products.
The European region, which comprises Germany, the United Kingdom, France, Russia, and Italy, is likewise developing its AMOLED display market. This is due to an increase in the demand for smartphones, tablets, and monitor screens. The expanding automotive industry has also increased demand for AMOLED displays and related products. The car play systems installed in cars are made up of AMOLED screens.
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