The global PMOLED market size will touch USD 6.3 billion at a 19.7% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Passive matrix organic light emitting diode (PMOLED), simply put, is a form of OLED that uses a simple system for controlling every row in the display. Its pixels are mostly off as these do not have storage capacitors. They need more voltage to offer more brightness over other lights. Such displays are small in size and mostly used in sub displays, small gadgets, and wearable devices.
By region, the global PMOLED market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Among these, the APAC region will rule the market over the forecast period. The presence of several global players, growing population, increasing adoption of wearable technologies, and technological advances are adding to the global PMOLED market growth in the region.
In North America, the global PMOLED market is predicted to hold the second-largest share over the forecast period. Various infrastructure development projects coupled with early adoption of latest technologies are adding to the global PMOLED market growth in the region. Canada and the US will have the utmost market share.
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The prominent players profiled in the global PMOLED market report include Accelopment AG (Switzerland), US Micro Products (US), Sony Corporation (Japan), LG Display (South Korea), Visionox (China), WiseChip Semiconductor Inc.(Taiwan), Panasonic Corporation. (Japan), Japan Display (Japan), Apple Inc (US), Raystar Optronics Inc (Taiwan), Sharp Corporation (Japan), and Samsung Electronics (South Korea), among others.