The global PMOLED market is witnessing rapid revenue growth. Growing popularity and adoption of PMOLED displays in industrial applications due to their color vibrancy, unique contrasts, and high resolution are major PMOLED market trends. Besides, unique features of PMOLEDs, such as self-illuminating technology that eliminates the need for backlighting the display module, boost the PMOLED market size.
With the rising uses of PMOLEDs in low-power applications, the market is projected to garner huge prominence in the next couple of years. According to Market Research Future (MRFR), the global PMOLED Market Demand valuation is poised to reach exponential levels by 2027, registering a significant CAGR throughout the forecast period (2020-2027). Growing investments in developing PMOLED technology increase the size of the market.
Additionally, advances in OLED technology and other related display technologies substantiate the OLED market growth. Conversely, low market acceptance of PMOLED technology is a major factor projected to obstruct market growth.
Nevertheless, increasing applications and adoption in AR/VR headsets would support market growth throughout the assessment period. Furthermore, the growing demand for energy-efficient display technologies for small devices such as smartphones and other electronic devices pushes market revenues.
Players leading the global PMOLED market are Visionox (China), Sony Corporation (Japan), US Micro Products (US), Samsung Electronics (South Korea), Apple Inc (US), Panasonic Corporation (Japan), Raystar Optronics Inc (Taiwan), Japan Display (Japan), Accelopment AG (Switzerland), WiseChip Semiconductor Inc.(Taiwan), Sharp Corporation (Japan), and LG Display (South Korea), among others.
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Global PMOLED Market - Segments
The report is segmented into types, end-users, applications, and regions. The type segment is sub-segmented into transparent PMOLED and flexible PMOLED. The end-user segment is sub-segmented into residential, commercial, and industrial.
The application segment is sub-segmented into display (television, smartphone, tablets laptop, automotive displays, others) and lighting. The region segment is sub-segmented into North America, Europe, APAC, and Rest-of-the-World (RoW).
Global PMOLED Market - Regional Analysis
The Asia Pacific region dominates the global PMOLED market. The largest market share attributes to 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 the regional market growth.
Moreover, the growing economy and adoption of wearable technologies boost the growth of the regional market. Also, notable interments made by major market vendors in the research development of technologies push the market growth in the region. The APAC PMOLED market is projected to retain its dominance throughout the estimated period.
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