AMOLED Panel Market to Surge 63% in 2017
July 6, 2017 | IHS MarkitEstimated reading time: 2 minutes
The global active-matrix organic light-emitting diode (AMOLED) panel market is forecast to surge 63%in 2017 from a year ago to $25.2 billion on growing demand for AMOLED panels in the smartphone and TV industries, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
“Growing use of AMOLED panels in smartphones and rising sales of AMOLED TVs will mainly drive the growth of the AMOLED panel market,” said Ricky Park, director of display research at IHS Markit. “A steady rise in demand from head-mount displays and mobile PCs would also prop up the market.”
The demand for AMOLED displays has rapidly risen in the smartphone market in particular as the flexible substrate allows phones to be produced in various designs with a lighter and slimmer bodies. This year, leading smartphone makers have competitively rolled out premium phones that boast a very narrow bezel or nearly bezel-less designs.
“The AMOLED display market is also expected to get a boost from Apple’s decision to use an AMOLED screen in its iPhone series to be released later this year, and Chinese smartphone makers’ moving to newer applications of AMOLED panels,” Park said. “To meet the burgeoning demand, South Korean and Chinese display makers have been heavily investing in Generation 6 AMOLED fabs.”
According to Display Long-term Demand Forecast Tracker from IHS Markit, the TV industry, the second biggest market for AMOLED panels, will also play a major role in fostering the growth of the AMOLED panel market this year. LG Display, which currently dominates the AMOLED TV panel market, is set to embark on the operation of its second AMOLED TV panel line E4-2 with an aim to mass produce panels in the latter half of this year.
Bumped up by an increase in output, the AMOLED TV panel market is forecast to grow from 890,000 units last year to 1.5 million units this year. By 2021, the AMOLED panel market is projected to expand at a compound annual growth rate of 22% to exceed $40 billion.
About IHS Markit
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
PCB Market Size to Grow by $29.06B from 2024-2028
05/17/2024 | PRNewswireThe global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
AT&S 2024/25 on Growth Course Again
05/17/2024 | AT&SAT&S operated in a challenging market environment in the financial year 2023/24. After a strong second quarter, demand was relatively weak again in some market segments in the second half of the financial year.
Shipments of OLED Monitors Hit 200,000 Units in 1Q24, Annual Forecast to Reach 1.34 Million
05/17/2024 | TrendForceTrendForce’s latest report reveals a robust start to 2024 for OLED monitors, with shipments reaching approximately 200,000 units in the first quarter—marking a YoY growth of 121%.
Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China
05/16/2024 | MagnachipMagnachip Semiconductor Corporation celebrated the opening ceremony of Magnachip Technology Company, Ltd. (MTC) yesterday at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company’s display driver IC and power IC businesses in China.