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The global PMOLED market is likely to grow at a significant rate. The increasing adoption of PMOLED technology in industrial applications would drive market growth. Market Research Future (MRFR) confirms that the global PMOLED market value is poised to escalate from USD 2.1 BN in 2022 to USD 10.59 BN by 2032, registering a 19.70% CAGR throughout the forecast period (2023-2032).
Market Players
Leading PMOLED market players are
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Besides, the growing popularity of PMOLED displays due to their color vibrancy contrasts and high resolution substantiates the market size. The key market drivers are increased advances and growing investment in developing PMOLED technology. Conversely, low market acceptance of PMOLED technology is likely to impede market growth.
However, the increasing application areas and adoption of AR/VR headsets would support market growth in the coming years, creating an opportunity for the PMOLED market. Also, the growing demand for energy-efficient displays for small devices such as smartphones, as well as other electronic devices, accelerates market growth.
Global PMOLED Market – Segments
The market report is segmented into type, end-user, application, and region. The type segment is bifurcated into transparent and flexible PMOLED. The end-user segment is bifurcated into residential, commercial, and industrial. The application segment is sub-segmented into display (television, smartphone, tablets & laptops, automotive displays, others) and lighting. By regions, the PMOLED market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
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Global PMOLED Market – Regional Analysis
The Asia-Pacific region dominates the global PMOLED market. The market is driven by the presence of giant players such as Sony Corporation, Panasonic Corporation, and WiseChip Semiconductor Inc. Besides, the increased adoption of PMOLED technologies in display and lighting applications drives regional market growth.
Moreover, the growing economy and adoption of wearable technologies boost the regional market’s growth. Also, notable interments made by major market vendors in research & development of technologies push the market growth in the region.
Global PMOLED Market – Competitive Analysis
Highly competitive, the PMOLED market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.
Innovation/ Industry/Related News:
Mar 03, 2023 — Wisechip launched a new miniature PMOLED-based near-eye display. The module is based on a small PMOLED display, offering cost-effective high contrast and low-power features. The new display can be used for rapid development and applications requiring only a simple information display. This module combines a 0.19″ monochrome/ white PMOLED display and a small optical system. A 70mAh lithium battery powers the module, allowing it to work up to 20 hours.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
