Global PMOLED Market to Reach USD 16,546.33 Million by 2031 | CAGR of 18.3%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
PMOLED Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the PMOLED Market size was valued at USD 4,305.31 million in 2023 and is projected to grow at a CAGR of 18.3%, reaching USD 16,546.33 million by 2031. PMOLED (Passive Matrix Organic Light-Emitting Diode) technology is widely utilized in display applications across consumer electronics, automotive, and healthcare sectors. It offers advantages such as high contrast, bright displays, and wide viewing angles, making it an efficient and cost-effective solution.
The report comprises the PMOLED Market Share, Size & Industry Analysis, based on Type (Flexible PMOLED, Transparent PMOLED), End-Use (Consumer Electronics, Automotive, Healthcare, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on PMOLED Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Segmental Analysis :
Based on type, the market is segmented into Flexible PMOLED and Transparent PMOLED.
- The flexible PMOLED segment dominated the market in 2023, driven by its adaptability, lightweight design, and energy efficiency, making it suitable for wearable devices and small gadgets.
- The transparent PMOLED segment is anticipated to grow at a significant CAGR during the forecast period, supported by its innovative use in digital advertisements and automotive applications.
Based on end-use, the market is segmented into Consumer Electronics, Automotive, Healthcare, and Others.
- The consumer electronics segment accounted for the largest revenue share of 39.87% in 2023, fueled by the adoption of PMOLED displays in smartphones, fitness trackers, and smartwatches.
- The healthcare segment is projected to grow at the fastest CAGR, supported by the increasing use of PMOLED displays in medical devices and wearable health monitoring systems.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, with significant contributions from China (36.8% of the regional revenue). Growth is driven by rising investments and government subsidies in electronics manufacturing.
- North America: Expected to grow substantially, driven by advancements in automotive and healthcare applications, supported by the region's robust technology infrastructure.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 16,546.33 Million |
| CAGR (2024-2031) | 18.3% |
| Type | Flexible PMOLED, Transparent PMOLED |
| End-Use | Consumer Electronics, Automotive, Healthcare, Others |
| By Region | North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Spain, Italy, Russia, BENELUX, Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN, Rest of APAC), LATAM (Brazil, Argentina, Chile, Rest of LATAM), MEA (GCC, Turkey, South Africa, Rest of MEA) |
Top Key Players & Competitive Landscape:
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the PMOLED Industry:
- Futaba (Japan)
- Wisechip (China)
- Raystar Optronics (Taiwan)
- Winstar (Taiwan)
- Sony (Japan)
- L.G. Display (South Korea)
- Samsung Display (South Korea)
- Pioneer (Japan)
Recent Industry Developments:
- October 2022: Futaba partnered with RiTDisplay to enhance PMOLED production capabilities, integrating advanced display parts.
- April 2023: Hyundai Mobis launched a rollable flexible display for cars, enhancing interior design and entertainment functionalities.
- September 2023: WiseChip showcased its latest transparent PMOLED products at the China Expertise International Optoelectronic EXPO, highlighting advancements in display technology.
