Strong sales of premium OLED TVs combined with rebounding smartphone sales last year drove a sharp increase in demand for AMOLED display panels according to a new report from Omdia.
AMOLED display demand will continue to see strong growth in 2022, although at a reduced level compared to 2021, before settling into a steadier demand pattern over the next several years, according to Omdia’s latest Display Long-Term Demand Forecast Tracker. The firm projects global AMOLED display demand by area will rise by 11.6% CAGR from 2021 to 2028.
“AMOLED has successfully penetrated the smartphone market, where we expect it to hold market share greater than 35% in 2021,” said Ricky Park, Senior Principal Analyst with the Omdia Displays Research team. “Most smartphone brands have adopted AMOLED panels for their high-end models, and they have recently started to aggressively launch foldable smartphones as well.”
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