Global Passive Matrix Organic Light Emitting Diode (PMOLED) Market – Industry Trends and Forecast to 2029

Global Passive Matrix Organic Light Emitting Diode (PMOLED) Market, By Display Type (Flexible Passive Matrix Organic Light Emitting Diode, Transparent Passive Matrix Organic Light Emitting Diode), Type (Graphic Monochrome, Full Colour), Application (Display, Lighting), End Use (Commercial, Automotive, Sports and Entertainment, Residential, Industrial, Others) – Industry Trends and Forecast to 2029.

Passive Matrix Organic Light Emitting Diode (PMOLED) Market Analysis and Size

The passive matrix organic light-emitting diodes are widely used in smart wearable devices, sub displays and others due to their colour vibrancy, high-resolution parameters and enhanced efficiency. The increasing demands across various industrial, commercial and automotive sectors further propelling the market's growth over the forecasted period.

Global passive matrix organic light emitting diode (PMOLED) market was valued at USD 5,903.20 million in 2021 and is expected to reach USD 24060.11 million by 2029, registering a CAGR of 19.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Passive Matrix Organic Light Emitting Diode (PMOLED) Market Scope and Segmentation

Market Definition

A passive matrix organic light emitting diode is a truly emissive display that generates their own light instead of modulating devices. They are widely used in various applications such as smart wearables and smart display devices due to their enhanced performance and efficiency.

Global Passive Matrix Organic Light Emitting Diode (PMOLED) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising innovation in organic light emitting diodes (OLED)

Rising innovations in organic light-emitting diodes have increasingly shifted consumers' preferences across the globe. The rising innovations such as flat panels, ultra-thin organic light emitting diodes and applying artificial intelligence to the organic light emitting diodes to increase the product's efficiency and performance is boosting the market's growth. Moreover, the thinner and more flexible complexion is also the factor driving the growth of the market over the forecasted period.

• Rising investments in research and development sector

The rising investments in research and development sector fuels the market growth. The manufacturing companies are increasingly focusing on the rising supplies and demands of the passive matrix organic light emitting diodes. The highly enhanced properties of the organic light emitting diodes over various end users such as commercial, automotive, sports and entertainment and industrial is the vital factor driving the growth passive matrix organic light emitting diode (PMOLED) market over the forecasted period.

Opportunities

• Growing demands for eco-friendly solutions

The growing demands for eco-friendly solutions due to the rising carbon emissions and the increased carbon footprints which is estimated to generate lucrative opportunities for the market, which will further expand the passive matrix organic light emitting diode (PMOLED)  market's growth rate in the future. The manufacturers are focusing on greener solutions to overcome the carbon footprints and secure an eco-friendly digital solution due to the rise in demands of the eco-friendly solutions amongst the population, various sectors, and market players across the globe. 

Restraints/Challenges

• Easy availability of substitutes

The easy availability of substitutes in the market is the major factor creating hindrances for the market and is expected to obstruct market growth.

• High power consumption

Less power-efficiency is the essential factor obstructing the growth of the market. They are not ideal for high power operating devices. Hence, this factor is projected to challenge the patch cable market over the forecast period.

This passive matrix organic light emitting diode (PMOLED) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the passive matrix organic light emitting diode (PMOLED) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Passive Matrix Organic Light Emitting Diode (PMOLED) Market Scope

The passive matrix organic light emitting diode (PMOLED) market is segmented on the basis of display type, type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Display Type

• Flexible Passive Matrix Organic Light Emitting Diode
• Transparent Passive Matrix Organic Light Emitting Diode

Type

• Graphic Monochrome
• Full Colour

Application

• Display
• Lighting

End Use

• Commercial
• Automotive
• Sports and Entertainment
• Residential
• Industrial
• Others

Passive Matrix Organic Light Emitting Diode (PMOLED) Market Regional Analysis/Insights

The passive matrix organic light emitting diode (PMOLED) market is analyzed and market size insights and trends are provided by display type, type, application and end use as referenced above.

The countries covered in the passive matrix organic light emitting diode (PMOLED) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the passive matrix organic light emitting diode (PMOLED) market because of the developing economies such as China, India, South Korea and others being the major contributors along with the prevalence of major manufacturing units within the region.

North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising number of initiatives for lighting control systems within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Passive Matrix Organic Light Emitting Diode (PMOLED) Market Share Analysis

The passive matrix organic light emitting diode (PMOLED) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to passive matrix organic light emitting diode (PMOLED) market.

Some of the major players operating in the passive matrix organic light emitting diode (PMOLED) market are:

• BOE Technology (China)
• Tianma Microelectronics Co., Ltd. (China)
• Truly International Holdings (China)
• AUO Corporation (Taiwan)
• Visionox (China)
• LG Electronics. (South Korea)
• Koninklijke Philips N.V. (Netherlands)
• OSRAM GmbH. (Germany)
• SAMSUNG (South Korea)
• Panasonic Life Solutions India Pvt. Ltd. (India)
• UNIVERSAL DISPLAY (U.S.)
• WiseChip Semiconductor (Taiwan)
• US Micro Products (U.S.)
• Sony Corporation (Japan)
• Apple Inc. (U.S.)
• accelopment Schweiz AG (Switzerland)
• RAYSTAR OPTRONICS, INC. (Taiwan)