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Global OLED TV Market to Reach US$18.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for OLED TV estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$18.6 Billion by 2027, growing at a CAGR of 16.3% over the period 2020-2027.
AMOLED (Active Matrix OLED), one of the segments analyzed in the report, is projected to grow at a 16.6% CAGR to reach US$17.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PMOLED (Passive Matrix OLED) segment is readjusted to a revised 13.3% CAGR for the next 7-year period. This segment currently accounts for a 9.8% share of the global OLED TV market.