Foldable AMOLED Global Market will Exceed $18.15 Billion By 2028 with a Projected CAGR of 33.4% | AUO Corporation, Lenovo Group Ltd., Sharp Corporation, LG Display, ZTE Corporation, Coherent Inc.

"The Business Research Company recently released a comprehensive report on the Global Foldable AMOLED Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The foldable AMOLED market size has grown exponentially in recent years. It will grow from $4.30 billion in 2023 to $5.73 billion in 2024 at a compound annual growth rate (CAGR) of 33.3%. The growth in the historic period can be attributed to growing demand for innovative devices, diverse application possibilities, cost reduction strategies, and a competitive landscape.

The foldable AMOLED market size is expected to see exponential growth in the next few years. It will grow to $18.15 billion in 2028 at a compound annual growth rate (CAGR) of 33.4%. The growth in the forecast period can be attributed to consumer demand for flexible displays, technological advancements, expanding applications, decreasing production costs, and partnerships and collaborations. Major trends in the forecast period include material science advancements, organic light-emitting diode (OLED) technology, improvements in encapsulation techniques, the development of flexible thin film, and innovations in display manufacturing processes.

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Market Drivers and Trends:

The rising consumer electronics demand is expected to propel the growth of the foldable AMOLED market going forward. Consumer electronics refers to a broad category of electronic devices designed for everyday use by end-users, or consumers. Consumer electronics demand is rising due to technological advancements, increasing disposable income, and evolving lifestyles. Foldable AMOLED technology is utilized in consumer electronics to create innovative, flexible, and compact devices such as smartphones, tablets, and laptops. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics and home appliances company, LG had revenue exceeding $60 billion for the first time. This was a 12.9% increase from 2021. The growth was mainly due to the high demand for premium home appliances and automotive parts. The appliance business unit also experienced significant year-over-year growth for the seventh year. Therefore, rising consumer electronics demand is driving the growth of the foldable AMOLED market.

Major companies operating in the foldable AMOLED market are increasing their focus on developing innovative solutions, such as AMOLED display smartphones, to maximize their revenue in the market. AMOLED display smartphones are mobile devices that utilize AMOLED technology for their screens. For instance, in April 2024, Nubia Technology, a China-based smartphone manufacturer, launched the Nubia Flip 5G, a foldable smartphone with a 6.9-inch AMOLED display. It is equipped with a Qualcomm Snapdragon 7 Gen 1 processor and offers options for 8GB/12GB random access memory (RAM) and 256GB/512GB storage. The phone features a dual rear camera setup with a 50-megapixel (MP) main sensor and a 2 MP depth camera, as well as a 16 MP front camera. It supports 33W fast charging and has a 4310mAh battery.

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Major Key Players of the Market:

AUO Corporation, Huawei Technologies Co. Ltd., Lenovo Group Ltd., BOE Technology Group, TCL Technology Group Corp., Sharp Corporation, LG Display, ZTE Corporation, Chimei Innolux Corp., Tianma Microelectronics, Samsung Display Co. Ltd, Coherent Inc., Truly International Holdings, Japan Display Inc., Royole Corporation, Tecno Mobile, Visionox Technology Inc., Anders Electronics Plc., EverDisplay Optronics (EDO), Semiconductor Energy Laboratory Co. Ltd.

Foldable AMOLED Market 2024 Key Insights:

• The foldable AMOLED market size is expected to see exponential growth in the next few years. It will grow to $18.15 billion in 2028 at a compound annual growth rate (CAGR) of 33.4%.
• Increased Demand For Consumer Electronics Fuels Surge In The Foldable AMOLED Market
• Innovations In Foldable AMOLED Smartphones
• Europe was the largest region in the foldable AMOLED market in 2023

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