The global AMOLED (active-matrix organic light-emitting diode) market is continuing to grow at a rapid pace, said a recent report.
The global market for AMOLED measured $1.46 billion as of the second quarter (Q2) this year, a whopping 93 percent growth on-year, disclosed market researcher DisplaySearch Sunday.
AMOLED displays accounted for 20.2 percent of the small and mid-sized display market for Q2 – continuing the growth momentum from the 11.1 percent share in Q2 last year to 12.4 percent in Q3, 14.6 percent in Q4, and 19.6 percent in Q1 this year. In contrast, the LCD market is contracting from $5.43 billion in Q2 last year to $5.42 billion this year.
AMOLED is most commonly used for mobile phones, tablet PCs, and other mobile devices due to its rich colors and natural, high definition.
Samsung Display is the world’s undisputed leader in AMOLED manufacturing – seizing 97.5 percent of global market shares ($1.43 billion) in Q2. Samsung Display also ranked top all small and mid-sized display which includes LCD displays, by clinching a 23.5 percent market share. Japan Display – a joint venture established in April by Toshiba, Hitachi, and Sony – ranked second at 15.9 percent share, followed by Japan’s Sharp (11.8 percent), Korea’s LG Display (8.6 percent), and Taiwan’s CMI (6.8 percent).
Samsung Display will continue to be in the lead as it expands production through a new 5.5 generation AMOLED production line. Meanwhile, Japan Display – a collaboration among Japan’s big weights – will be quick to play catch up, predict experts.