PMOLED stands for Passive-Matrix OLED, which refers to how the display is controlled. A basic control technique for a PMOLED display is to control each row (or line) in the display consecutively (one at a time). PMOLEDs are simple to make, they are inefficient, and OLED materials have a shorter lifetime due to the high voltage needed). The resolution and size of PMOLED screens are likewise limited. PMOLED displays are small, generally up to 3" and are used to display character data or small icons in wearable devices, small gadgets, and sub displays. PMOLED have gained popularity in recent years due to its color brightness, distinctive contrasts, and great resolution.
Furthermore, PMOLEDs of this type are employed in industrial applications to replace passive LCDs in displays. PMOLEDs use a self-illuminating technology that eliminates the requirement for the display module to be backlit. PMOLEDs have the same level of contrast from both sides, with a pixel ratio of 2000:1. PMOLEDs are also incredibly energy efficient and are typically employed in low-power applications. All these factors are assisting the growth of PMOLED market share globally.
The global PMOLED market is segmented on the basis of type, product, application, and region. Based on type, the market is divided into Transparent PMOLED, Flexible PMOLED. In terms of product, the market is categorized into Wearables, Handheld Devices, Sub Displays and Others. On the basis of application, the market is divided into Residential, Commercial, and Industrial. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
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?
PMOLED Market Report Highlights
Key Market Players
US Micro Products, Raystar Optronics Inc, Visionox, Samsung Electronics, Accelopment AG, Japan Display, Apple Inc, LG Display, Sony Corporation, Panasonic Corporation