PMOLED Market Research Report - Global Forecast till 2032

PMOLED Market Research Report Information By Type (Transparent PMOLED, Flexible PMOLED), By End User (Display Television, Smartphone, Tablets & Laptop, Automotive Display, Others), By Application (Residential, Commercial, Industrial), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Industry Size, Share and Forecast Till 2032

ID: MRFR/SEM/6915-HCR | 111 Pages | Author: Aarti Dhapte | March 2024         

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Global PMOLED Market Overview:


PMOLED Market Size was valued at USD 2.1 billion in 2022. The PMOLED market industry is projected to grow from USD2.5137 Billion in 2023 to USD 10.59416295 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.70% during the forecast period (2023 - 2032). Increased advancement in OLED technology and growing investment in the development of PMOLED technology are the key market drivers enhancing market growth.


Global PMOLED Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


PMOLED Market Trends




  • The surge in usage in automotive industry is driving the market growth




PMOLED is widely utilized within the automotive industry for various purposes, including dashboard displays (instrument clusters, navigation, and media), front-of-room displays, internal lighting, external illumination (like tail lights and turn indicators), and internal rear-view mirrors with digital displays. As an example, Daimler, a multinational automotive company based in Germany, has integrated transparent hybrid solar-OLED panels onto the roof of their vehicles. These hexagonal see-through panels generate energy during the day and offer internal lighting at night. This factor drives the market CAGR.


Additionally, the PMOLED market is experiencing growth due to advancements in OLED technology, the introduction of new features, and increased investments in PMOLED-based electronic products. PMOLED is forecasted to continue growing for several reasons, including its simple and cost-effective fabrication, wide temperature range, low power consumption, energy efficiency, affordability, high display quality, and improved viewing experience. Market expansion is mainly propelled by the younger population's inclination towards wearables, as they perceive them as user-friendly and convenient due to their simple design. Additionally, handheld devices that utilize PMOLED displays contribute to the market's expansion. The low power consumption of PMOLED lighting plays a significant role as it accounts for approximately 15% of global power consumption and contributes to around 5% of global carbon emissions. To address this issue, the United Nations Environment Programme (UNEP) has released guidelines for energy-saving lighting solutions to reduce carbon emissions.


Furthermore, the increasing number of smartphone users with advanced display technology and the growing adoption of OLED technology over LCD technology is expected to further accelerate the growth of the PMOLED market in the forecast period. Additionally, the rising demand for environmentally friendly lighting solutions and the adoption of smart lighting systems present market growth opportunities. Thus, driving the PMOLED market revenue.


PMOLED Market Segment Insights:


PMOLED Type Insights


The PMOLED Market segmentation, based on type, includes transparent PMOLED and flexible PMOLED. The flexible PMOLED segment dominated the market; the flexible PMOLED display technology is currently at the forefront due to its numerous advantages. These include a high contrast ratio, faster refresh rates, and wide viewing angles. The popularity of this technology is evident based on its wide adoption among end-users.


Figure1: PMOLED Market, by Type, 2022 & 2032 (USD billion)


PMOLED Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


PMOLED End User Insights


Based on End Users, the PMOLED Market segmentation includes displays television, smartphone, tablets & laptop, automotive display, and others. The display television segment is the dominant force in the market, as it presently commands the market due to the growing acceptance of electronic devices like laptops, smartphones, televisions, and MP3 players. It utilizes a straightforward control method to manage each line and row of the display individually. This Type of display is commonly used to showcase small icons found on devices like iPods, mobile phones, MP3 players, and radios.


PMOLED Application Insights


Based on Application, the PMOLED Market segmentation includes residential, commercial, and industrial. The industrial segment dominated the market; the industrial sector holds a considerable portion of the PMOLED market due to its utilization of cutting-edge machinery and wireless control systems.


PMOLED Regional Insights


The study offers market insights into regions such as North America, Europe, Asia-Pacific, and the Rest of the World. The PMOLED market in North America is expected to have a strong presence due to ongoing infrastructure development projects and the adoption of innovative technologies in this Region. For instance, Americans are actively pursuing a physically active lifestyle and becoming more health-prone. An increase has aided the expansion and growth of the industry in the number of health clubs and fitness facilities across the nation.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: GLOBAL PMOLED MARKET SHARE BY REGION 2022 (%)


GLOBAL PMOLED MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's PMOLED market accounts for the second-largest market share due to the rising adoption of PMOLEDs in the industrial sector and government initiatives regarding the production of lighting control systems. Further, the German PMOLED market held the largest market share, and the UK PMOLED market was the fastest-growing market in the European Region.


The Asia-Pacific PMOLED Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rise in population and increasing adoption of technological innovations in the region. Moreover, China’s PMOLED market held the largest market share, and the Indian PMOLED market was the fastest-growing market in the Asia-Pacific region.


PMOLED Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the PMOLED market grow even more. Market participants also engage in diverse strategic endeavors to broaden their international presence, encompassing significant market advancements such as introducing new products, establishing contractual agreements, merging and acquiring other entities, making higher investments, and fostering collaborations with fellow organizations. To expand and survive in a more competitive and rising market climate, the PMOLED industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global PMOLED industry to benefit clients and increase the market sector. In recent years, the PMOLED industry has offered some of the most significant advantages to medicine. Major players in the PMOLED market include US Micro Products (US), Visionox (China), Sony Corporation (Japan), and Panasonic Corporation. (Japan) Samsung Electronics (South Korea), Apple Inc (US), accelopment AG (Switzerland), RaystarOptronics Inc (Taiwan), Japan Display (Japan), LG Display (South Korea), WiseChipSemiconductro Inc. (Taiwan), Sharp Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.


Sony Group Corporation, commonly known as Sony, is a multinational Japanese conglomerate corporation headquartered in Minato, Tokyo, Japan. Sony Corporation introduced Bravia A9G 4K OLED TV that experiences top-class viewing. It comes with Netflix-calibrated mode, HDR, and Dolby Vision.


Semiconductor Inc. (WSI) was founded in Taiwan in 2005. WSI is a supplier of PMOLED display panels, boasting a decade of production and design expertise in the field of PMOLED. It's a market leader and pioneer in Monochrome OLED, Character OLED, Segment OLED, Area Color, Full Color, Custom design products, etc.WiseChip Semiconductor Inc. announced their production of In-Cell Touch PMOLED displays which are thinner and lighter than Touch PMOLED.


Key Companies in the PMOLED market Include




  • US Micro Products (US)




  • Visionox (China)




  • Sony Corporation (Japan)




  • Panasonic Corporation. (Japan)




  • Samsung Electronics (South Korea)




  • Apple Inc (US)




  • accelopment AG (Switzerland)




  • RaystarOptronics Inc (Taiwan)




  • Japan Display (Japan)




  • LG Display (South Korea)




  • WiseChipSemiconductro Inc. (Taiwan)




  • Sharp Corporation (Japan)




  • Brunswick Corporation




PMOLED Industry Developments


July 2019: Sony Corporation, one of the leading players in India, unveiled the Bravia A9G 4K OLED TV, providing an exceptional viewing experience. This television features Netflix-calibrated mode, HDR, and Dolby Vision.


October 2019: WiseChip, a prominent player in the industry, introduced its groundbreaking innovation, the Hyperfluorescence OLED display. This display, measuring 2.7" with a monochrome yellow 128x64 PMOLED, is the world's first of its kind. Notably, the brightness of this display is 2.5 times greater than Wisechip's fluorescent yellow PMOLED.


October 2017: WiseChip Semiconductor Inc. announced the production of their In-Cell Touch PMOLED displays. These displays are thinner and lighter in comparison to Touch PMOLED technology.


PMOLED Market Segmentation:


PMOLED Type Outlook




  • Transparent PMOLED




  • Flexible PMOLED




PMOLED End User Outlook




  • Display(Television




  • Smartphone




  • Tablets & Laptop




  • Automotive Display




  • Others




PMOLED Application Outlook




  • Residential




  • Commercial




  • Industrial




PMOLED Regional Outlook




  • North America



    • US

    • Canada






  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 2.1 billion
Market Size 2023 USD 2.5137 billion
Market Size 2032 USD 10.59416295 billion
Compound Annual Growth Rate (CAGR) 19.70% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, End User, Application, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled US Micro Products (US), Visionox (China), Sony Corporation (Japan), Panasonic Corporation. (Japan) Samsung Electronics (South Korea), Apple Inc (US), accelopment AG (Switzerland), RaystarOptronics Inc (Taiwan), Japan Display (Japan), LG Display (South Korea), WiseChipSemiconductro Inc. (Taiwan), Sharp Corporation (Japan)
Key Market Opportunities Growing demand for eco-friendly lighting solutions
Key Market Dynamics The development of PMOLED technology-based electronic products is driving the growth of the PMOLED market.




Frequently Asked Questions (FAQ) :

The PMOLED Market size was valued at USD 2.1Billion in 2022.

The global market is poised for substantial growth during the forecast period spanning 2023 to 2032, with compound annual growth rate (CAGR) of 19.7.

North America had the largest share of the global market

The key players in the market areUS Micro Products (US), Visionox (China), Sony Corporation (Japan), and Panasonic Corporation. (Japan) Samsung Electronics (South Korea), Apple Inc (US), accelopment AG (Switzerland), RaystarOptronics Inc (Taiwan), Japan Display (Japan), LG Display (South Korea), WiseChipSemiconductro Inc. (Taiwan), Sharp Corporation (Japan).

The Flexible PMOLED category dominated the market in 2022.

The Industrial witnessed the largest share of the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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