Global AMOLED market grew 93% in the second quarter

From April to June of the year, the global AM OLED market value was 1.46 billion US dollars, accounting for 20.2% of the small and medium-sized display market, breaking the 20% mark for the first time. At the same time, global OLED panel shipments increased by 93% in the second quarter of this year compared to the same period last year.
The total market value of AMOLED panels last year was 3.036 billion US dollars, accounting for 11.1% of the display market share, more than double the previous year's $1.25 billion. The demand for mobile phones and smartphones is increasing, which is the main reason for the rapid growth of AMOLED shipments. AMOLED displays are used in a wide range of mobile and desktop display applications. AMOLEDs are more power efficient than liquid crystal (LCD) panels, with a larger viewing angle and faster response times.
As far as the company is concerned, Samsung Display Corporation dominates the global AMOLED market, accounting for 97.5% of the market. In the entire small and medium-sized display market, Samsung also topped the list, accounting for 23.5% of the market. Japanese display companies jointly formed by Hitachi, Sony and Toshiba followed, accounting for 15.9%. Followed by Sharp and LG, accounting for 11.8% and 8.6% respectively. Market observers predict that Samsung will still dominate in a period of time, and Japanese display companies will continue to catch up.

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