PMOLED Market

COVID-19 Impact Analysis

Since December 2019, the COVID-19 virus has been impacting businesses all around the world. The constant rise in the number of virus-infected people has prompted governments to impose restrictions on people and commercial traffic. Manufacturing and construction sectors, school, educational institutions, retail malls, and office buildings have their operations temporarily halted, resulting in decreased air pollution. Factory shutdown and border closures have disrupted manufacturing, distribution, and sales in a variety of industries, ultimately halting the operations. All these factors are hampering the growth of PMOLED market size globally

Top Impacting Factors

The increasing use of wearable devices, such as fitness bands, smart watches, and other gadgets, using PMOLED displays is one of the PMOLED market opportunity. The rise of the PMOLED market growth is attributed to the display's basic construction and the overall trend among youngsters toward wearables, particularly the characteristic that they are simple to operate. Consumers are increasingly demanding tiny and small-sized products now a days and this particular element will propel the PMOLED market forecast forward. Some of the qualities of PMOLED displays will hinder the market such as low resolution, inefficient with high power usage devices. They are not appropriate for use in big display devices. PMOLED displays are inefficient and cannot be used in devices that require a lot of power. As a result, PMOLED displays are no longer used in many critical applications, such as smartphones. Another factor that could limit the growth of the PMOLED display market during the projected period is that PMOLED displays can only be 5 inches or smaller.

PMOLED Market Trends

New Product Launches to Flourish the Market

According to PMOLED market trends, In March 2021, Fitbit, an American consumer electronics and fitness company, released its first product since being acquired by Mountain View, California-based Google for $2.1 billion. The Fitbit Ace 3 was released in the United States on March 15, with international availability beginning on March 15. The new Fitbit Ace 3 is designed for children aged six and up. It features a touch-enabled PMOLED display and can last for up to eight days on a single charge. The wrist band is also water resistant to a depth of 50 meters, making it appropriate for swimming. In July 2021, Huawei debuts the Band 4e Active in Sri Lanka, a comprehensive fitness tracker. This ultra-lightweight smart band has a 0.5-inch PMOLED display that supports slide and touch motions and weighs only 6g (without the strap). The two strap colors, Mineral red and Graphite black, add to the exquisite style of the Band 4e (Active). Its dimensions of 40.5mm in height, 14.8mm in breadth, and 11.2mm in depth make it the ideal band to wear on either the wrist or the foot.

Surge in Usage in Automotive Industry

PMOLED comes in use in automotive industry in a lot of things such as displays on the dashboard (instrument clusters, navigation, media), displays for the front of the room, internal lighting is provided, external illumination (tail lights, turn indicators), internal rear-view mirrors with a digital display. For instance, on the roof of Daimler's, a German multinational automotive company, transparent hybrid solar-OLED panels are placed. During the day, the hexagonal see-through panels create energy, and at night, they provide internal lighting.

Key Benefits of the Report

• This study presents the analytical depiction of the PMOLED market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the PMOLED market share.
• The current market is quantitatively analyzed to highlight PMOLED market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the PMOLED market. 
• The report provides a detailed PMOLED market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in PMOLED Market Report

• Which are the leading players active in the PMOLED market?
• What are the detailed impacts of COVID-19 on the market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?