A report by Market research future (MRFR) estimates that the wearable PMOLED total market will reach $6.3 billion by 2027.
What is PMOLED? This is known as passive matrix organic light-emitting diode, a form of OLED that uses a simple system for controlling each row in the display.
According to globenewswire, their pixels are mostly off because they do not have storage capacitors. These displays are massively used in small wearable devices and gadgets.
The MRFR report gave some of the factors fueling the PMOLED screen market share; some of these factors are the increase in the use of handheld devices, as well as growing demand for OLED over LCD, its higher resolution, and others.
Some of the benefits of PMOLED technology are, better viewing experience; high display quality; lower power consumption; as well as energy efficiency among others.
Weirdly, emerging alternative technology like AMOLED, THE SLOW ACCEPTANCE OF PMOLED displays may limit the global PMOLED market growth over the period of this forecast.
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The major players factored in the Global PMOLED Market report include LG Display, Apple, Samsung, as well as others.
COVID-19 Impact
The global pandemic has slowed down PMOLED adoption as manufacturing plants around the world have shut down temporarily. This technology is widely used in the wearables sector; wearables production has stalled too.
Regional Analysis
The report predicts that the Asia Pacific (APAC) will dominate the PMOLED market; which is made up of Europe, the Middle East and Africa (MEA), North America, and South America. The majority of the PMOLED companies are located in the APAC Region of Japan, China, India, etc where wearable devices manufacturing companies like LG and Samsung reside. North America is predicted to come after APAC, America as well as Canada make a huge chunk of that market; while Europe is an emerging continent with huge growth potential.
South America comes in at third, while the Middle East and Africa are at the distant last position due to the continent’s slow adoption of PMOLED enabled wearable devices.
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