Market Size –
The foldable AMOLED market size has grown exponentially in recent years. It will grow from $4.30 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 growing demand for innovative devices, diverse application possibilities, cost reduction strategies, and a competitive landscape.
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, technological advancements, expanding applications, decreasing production costs, and partnerships and collaborations. Major trends in the forecast period include material science advancements, organic light-emitting diode (OLED) technology, improvements in encapsulation techniques, the development of flexible thin film, and innovations in display manufacturing processes.
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Scope Of Foldable AMOLED Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Foldable AMOLED Market Overview
Market Drivers –
The rising consumer electronics demand is expected to propel the growth of the foldable AMOLED market going forward. Consumer electronics refers to a broad category of electronic devices designed for everyday use by end-users, or consumers. Consumer electronics demand is rising due to technological advancements, increasing disposable income, and evolving lifestyles. Foldable AMOLED technology is utilized in consumer electronics to create innovative, flexible, and compact devices such as smartphones, tablets, and laptops. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics and home appliances company, LG had revenue exceeding $60 billion for the first time. This was a 12.9% increase from 2021. The growth was mainly due to the high demand for premium home appliances and automotive parts. The appliance business unit also experienced significant year-over-year growth for the seventh year. Therefore, rising consumer electronics demand is driving the growth of the foldable AMOLED market.
Market Trends –
Major companies operating in the foldable AMOLED market are increasing their focus on developing innovative solutions, such as AMOLED display smartphones, to maximize their revenue in the market. AMOLED display smartphones are mobile devices that utilize AMOLED technology for their screens. For instance, in April 2024, Nubia Technology, a China-based smartphone manufacturer, launched the Nubia Flip 5G, a foldable smartphone with a 6.9-inch AMOLED display. It is equipped with a Qualcomm Snapdragon 7 Gen 1 processor and offers options for 8GB/12GB random access memory (RAM) and 256GB/512GB storage. The phone features a dual rear camera setup with a 50-megapixel (MP) main sensor and a 2 MP depth camera, as well as a 16 MP front camera. It supports 33W fast charging and has a 4310mAh battery.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Foldable AMOLED Market Characteristics
3. Foldable AMOLED Market Trends And Strategies
4. Foldable AMOLED Market – Macro Economic Scenario
5. Global Foldable AMOLED Market Size and Growth
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31. Foldable AMOLED Market Other Major And Innovative Companies
32. Global Foldable AMOLED Market Competitive Benchmarking
33. Global Foldable AMOLED Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Foldable AMOLED Market
35. Foldable AMOLED Market Future Outlook and Potential Analysis
36.Appendix
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