PMOLED Market Research Report - Global Forecast till 2027

PMOLED Market Research Report: by Type (Transparent PMOLED, Flexible PMOLED), by End User (Display(Television, Smartphone, Tablets & Laptop, Automotive Display, Others), Lighting), by Application (Residential, Commercial, Industrial) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) - Forecast till 2027

ID: MRFR/SEM/6915-HCR | February 2021 | Region: Global | 111 Pages         

PMOLED Market

PMOLED Market will exhibit a CAGR of 19.7% in the forecast period of 2020-2027 and is expected to reach USD 6.3 billion by 2027

Segmentation

By Type Transparent Pmoled Flexible Pmoled
By End User Display(Television Smartphone Tablets & Laptop Automotive Display Others
By Application Residential Commercial Industrial

Key Players

  • 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 Semiconductro Inc. (Taiwan)
  • Sharp Corporation (Japan)

Drivers

  • Advancement in OLED technology
  • Growing Investment in the development of PMOLED technology
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PMOLED 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%.

There are different types of OLEDs. Among them, Passive Matrix Organic Light Emitting Diode(PMOLED)is one of the OLED types that uses a simple system to control each row in the display. It does not contain the storage capacitors, so pixels of PMOLED electronics in each line are mostly off. To make them brighter, PMOLED is needed more voltage. The resolution and size of the PMOLED depend on the voltage applied. If you need more resolution, the more lines demand the more voltage.

They are generally in small size and are used in displaying small icons or character data and are useful in small gadgets, wearable devices, and sub displays. PMOLED displays are becoming more popular for their color vibrancy, high resolution, and unique contrasts. In replacement of passive LCDs in the display, PMOLED is used in industrial applications. This display runs on self-illuminating technology that eliminates the need for backlighting the display module. However, PMOLEDs are more energy-efficient and are used in low-power applications.

COVID-19 Analysis:

PMOLED is one type of OLED which controls every row in the display sequentially by using a simple system. Mostly these displays are used in sub displays, small gadgets, and others. The growing global population and rising adoption of wearables technologies are the major driving factors of the market. The COVID-19 outbreak has severely impacted the displays industry. Due to the lockdown imposed by the government, the manufacturing industries are halted production, the business sectors are forced to close their plants temporarily, and hence the production of display products has declined.

The production of handheld gadgets like smartwatches, fitness bands, and other devices in the usage of PMOLED displays is also halted. Due to these halts and delays in launching innovations of handheld gadgets that use PMOLED display are hampering the growth of the market.  The growing adoption of OLED displays in smartphones is expected to grow the market. During the lockdown, due to the decline in smartphones for the economic crisis and change in consumer’s behavior, the sales of smartphones are also fallen. The use of large PMOLED displays may increase the growth of the PMOLED market.

Market Dynamics:

Drivers:

The innovations in OLED technology, the addition of new features, and rising investments in the development of PMOLED technology-based electronic products are driving the growth of the PMOLED market. PMOLED is gaining more growth in the forecast period for its various benefits like simple and cheap fabrication, wide temperature range, low power consumption, energy efficiency, low cost, high display quality, and better viewing experience.

Due to its simple structure, demand among the youth for wearables as they are simple and convenient to use is dominating the growth of the market. Other handheld gadgets that use PMOLED displays also increase the market growth. As the low power consumption of PMOLED lighting consumes approximately 15% of total global power consumption and produces global carbon emissions of around 5%. Guidelines are released by The United Nations Environment Programme (UNEP) on energy-saving lighting solutions to reduce carbon emissions.

Restraint:

Market acceptance of PMOLED display is low and increasing usage of alternative technology like AMOLED are the major restraints of the PMOLED market. PMOLED displays are restricted for resolution and are not suitable in large display devices. These displays are small in size around 5 inches or less which hampers the growth of the market.

Opportunities:

The rising number of smartphone users with advanced display technology and increasing adoption of OLED technology in the place of LCD technology is expected to accelerate the PMOLED market growth during the forecast period. Growing demand for eco-friendly lightning solutions and the adoption of a smart lighting system may offer an opportunity to boost market growth.

Challenges:

PMOLED displays are not power-efficient and are not preferable for devices requiring high operating energy which are excluded from important applications like smartphones are the major challenges of the market.

Global PMOLED Market, USD Billion  PMOLED Market

 Source: MRFR Analysis

Study Objectives -

To provide a detailed analysis of the PMOLED market structure along with review segments and sub-segments for the coming 10 years.

To provide the factors that are affecting the growth of the market value.

To analyze the PMOLED market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

To provide history and forecast revenue segments and sub-segments of the market revenue for the four main geographies.

To provide the country-level analysis of the current PMOLED market size and future prospective. 

To provide country-level analysis of the market industry growth by region, form, and application.

To provide a strategic profile of the prominent key players in the market, analyze their core competencies, market statistics, and draw a global PMOLED market growth landscape.

To track and analyze new product developments, strategic alliances, and global PMOLED market research.

Segment Overview:

The global PMOLED market has been divided into segments based on type, end-user, application, and region.

Based on Type

The PMOLED market globally based on type is segmented into two types as transparent PMOLED and flexible PMOLED. Out of these two segments, flexible PMOLED is leading the market for its benefits like very high contrast ratio, faster refresh rates, and wide viewing angles in display technology.

Based on End-User

The PMOLED market system based on end-user is classified into three types such as residential, commercial, and industrial. Among them, the industrial segment accounts for the significant PMOLED market share for its adoption of advanced machinery and wireless control systems.

Based on Application

The PMOLED market based on application is bifurcated into two segments as display and lighting. The display segment again segmented into television, tablets &laptop, smartphone, automotive displays, and others. Due to the rising adoption of electronic devices like laptops, smartphones, TVs, and MP3 players, the display segment is holding the largest market share. It uses a simple control scheme to control each line and row in the display one at a time and this display is used to display small icons like iPod, mobile phone & MP3 displays, and radios.

Based on Region

Region-wise, the global PMOLED market is divided into five main geographies such as Europe, Asia-Pacific, the Middle East & Africa, North America, and South America. Asia-Pacific region leads the market owing to the presence of global players and consumer goods manufacturing industries.

Regional Analysis -

Globally, the PMOLED market based on the region is classified into Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Out of these regions, during the forecast period, the Asia-Pacific region dominates the PMOLED market for the presence of global players like Sony Corporation, Panasonic Corporation, and WiseChip Semiconductor Inc. and the presence of consumer goods manufacturing industries LG, Samsung, Panasonic, etc. The rise in population and increasing adoption of technological innovations in the Asia-Pacific region is predicted to drive the PMOLED global market growth.

North America is holding the second largest market share and is estimated to grow at a faster significant rate during the assessment period owing to its various infrastructure development projects and adoption of innovations in this region. Europe is accounting for the third position in the PMOLED market for their rising adoption of PMOLED’s in the industrial sector and government initiatives regarding the production of lighting control systems.

Competitive Landscape

The prominent key players in the PMOLED market trends are the following:

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 Semiconductro Inc. (Taiwan)

Sharp Corporation (Japan)

Recent Developments

In July 2019, one of the popular key players in India, Sony Corporation introduced Bravia A9G 4K OLED TV that experiences top-class viewing. It comes with Netflix calibrated mode, HDR, and Dolby vision.

In October 2019, a prominent key player WiseChip introduced their world’s first innovation named as Hyperfluorescence OLED display with a 2.7” monochrome yellow 128x64 PMOLED. The display’s brightness is 2.5 times more than the brightness of Wisechip’s fluorescent yellow PMOLED.

In October 2017, WiseChip Semiconductor Inc. announced their production of In-Cell Touch PMOLED displays which are thinner and lighter compared to Touch PMOLED.

Report Overview:

This global PMOLED market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the PMOLED global market drivers, restraints, challenges, and opportunities. The PMOLED market forecast segments are type, end-user, application, and region.

Segmentation Table

The PMOLED market trends have been segmented globally based on the type, end-user, application, and region.

By Type

Transparent PMOLED and flexible PMOLED.

By End-User

Residential, commercial, and industrial.

By Application

Display and lighting. The display segment again segmented into television, tablets &laptop, smartphone, automotive displays, and others.

By Region

Asia-Pacific, Europe, the Middle East & Africa, North America, and South America of the world are the five main geographies included in this market.

 



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Frequently Asked Questions (FAQ) :

The global PMOLED market is poised to register a substantial market value of USD 6.3 billion.

The global PMOLED market registered a substantial market value of USD 1.8 billion in 2018.

There are two types of PMOLED systems – transparent PMOLED and flexible PMOLED.

The residential segment has the maximum application of PMOLED systems.

The PMOLED market is estimated to expand at a substantial 19.7% CAGR over the review period (2017-2023).