PMOLED market Demand, Size, Share, Growth, Trends, and Forecasts 2020–2027

Market overview

In 2018, the global PMOLED market size is registered as USD 1.8 billion and is estimated to reach USD 6.3 billion and is expected to exhibit a significant growth at a CAGR of 19.7%.

The full form of PMOLED is Passive-Matrix OLED. It refers to how the display is controlled. A basic control technique for a PMOLED display is to control each row or line in the display consecutively that one at a time. PMOLEDs are simple to make and efficient, and OLED materials have a shorter lifetime due to the high voltage needed). The resolution and size of PMOLED screens are likewise limited. PMOLED displays are small, generally up to 3″, and are used to display character data or small icons in wearable devices, gadgets, and sub displays. PMOLED has gained popularity due to its color brightness, distinctive contrasts, and great resolution.

Furthermore, PMOLEDs of this type are employed in industrial applications to replace passive LCDs in displays. PMOLEDs use a self-illuminating technology that eliminates the requirement for the display module to be backlit. PMOLEDs have the same contrast level from both sides, with a pixel ratio of 2000:1. PMOLEDs are also incredibly energy efficient and are typically employed in low-power applications. All these factors are assisting the growth of PMOLED market share globally.

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 Since December 2019, the COVID-19 virus has been impacting businesses worldwide. Manufacturing and construction sectors, schools, educational institutions, retail malls, and office buildings have halted operations, resulting in decreased air pollution. Factory shutdowns and border closures have disrupted various industries’ manufacturing, distribution, and sales, ultimately halting operations. All these factors are hampering the growth of the PMOLED market size globally.

Market segmentation

The global PMOLED market is segmented based on type, product, application, and region. Based on type, the market is divided into Transparent PMOLED and Flexible PMOLED. The market is categorized into Wearables, Handheld Devices, Sub Displays, and Others in terms of product.

Regional analysis

The global PMOLED market is bifurcated into Europe, the Asia Pacific (APAC), the Middle East and Africa (MEA), North America, and South America. The global market domination is likely to be held by the APAC region. The presence of global players, growing population, rising adoption of wearable technologies, and developing economies such as South Korea, India, Japan, and China are key contributors to top electronic wearable devices manufacturing companies like Panasonic, LG, and Samsung.

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Industry news

According to PMOLED market trends, in March 2021, Fitbit, which is an American consumer electronics and fitness company, released its first product since being acquired by Mountain View, California-based Google for $2.1 billion. The Fitbit Ace 3 was released in the United States on March 15 and had international availability beginning March 15. The new Fitbit Ace 3 is designed for children aged six and up. It features a touch-enabled PMOLED display and can last for up to eight days on a single charge. The wristband is also water-resistant to a depth of 50 meters, making it appropriate for swimming. In July 2021, Huawei had debuted the Band 4e Active in Sri Lanka, a comprehensive fitness tracker. The ultra-lightweight smart band has a 0.5-inch PMOLED display that supports slide and touch motions and weighs only 6g (without the strap).

Key Players

The key players in the PMOLED market are US Micro Products (US), Visionox (China), Sony Corporation (Japan), Panasonic Corporation. (Japan), Samsung Electronics (South Korea),  Apple Inc (US), Accelopment AG (Switzerland), Raystar Optronics Inc (Taiwan), Japan Display (Japan), LG Display (South Korea), WiseChip Semiconductor Inc.(Taiwan), and Sharp Corporation (Japan) among others.

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Table Of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global PMOLED Market, By Type

1.1.2. Global PMOLED Market, By Application

1.1.3. Global PMOLED Market, By End User

1.1.4. Global PMOLED Market, By Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.3. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Drivers Impact Analysis

4.3. Restraints

4.3.1. Restraints Impact Analysis

4.4. Opportunities

4.5. Technological Developments

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis/Supply Chain Analysis

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power Of Suppliers

5.2.2. Bargaining Power Of Buyers

5.2.3. Threat Of New Entrants

5.2.4. Threat Of Substitutes

5.2.5. Intensity Of Rivalry

5.3. Pricing Trend Analysis

Continued…

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