According to IMARC Group latest report titled “Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Display market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global display market size reached US$ 151.5 Billion in 2021.
A display is a projecting mechanism that shows text and graphic images to the user using various image projection technologies. It includes cathode ray tubes (CRT), liquid crystal displays (LCD), gas plasma, light-emitting diodes (LED), and organic light-emitting diodes (OLED). It is widely used in laptops, tablets, mobile phones, televisions, smartwatches, computers, and medical monitors. A display offers enhanced productivity and eye-catching visuals. As a result, it finds extensive applications across the automotive, sports, construction, medical, entertainment, and retail industries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The increasing utilization of displays in the automotive industry is one of the key factors driving the market growth. Displays are widely used in devices such as rearview mirrors, digital dashboards, navigation systems, and heads-up displays. In addition, the increasing use of displays at airports, train stations, and bus stops to provide information regarding arrival, departure, and possible delays to the public, represents another major growth-inducing factor. Besides this, the market is further propelled by the introduction of advanced product variants, such as smart displays, integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions that assist in real-time monitoring. Moreover, as flexible displays offer various benefits, including flexibility, enhanced brightness, and low power consumption, they are extensively used in consumer electronics devices, such as televisions, smart wearables, smartphones, and computers. This, coupled with the rising popularity of touch-based devices that requires a display panel to operate, is creating a favorable market outlook across the globe. Furthermore, the expanding electronics industry and the growing product utilization in the medical industry are anticipated to propel the market growth. Looking forward, IMARC Group expects the market value to reach US$ 197.3 Billion by 2027, expanding at a CAGR of 4.10% during the forecast period (2022-2027).
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- AU Optronics Corp.
- BOE Technology Group Co. Ltd.
- Corning Incorporated
- DuPont de Nemours Inc.
- E Ink Holdings Inc.
- HP Inc.
- Innolux Corporation
- Leyard Optoelectronic
- LG Display Co. Ltd.
- Qisda Corporation
- Samsung Electronics Co. Ltd.
- Seiko Epson Corporation
- Sharp Corporation
- Sony Corporation
Display Market Segmentation:
Our report has categorized the market based on region, display type, technology, application and industry vertical.
Breakup by Display Type:
- Flat Panel Display
- Flexible Panel Display
- Transparent Panel Display
Breakup by Technology:
- Quantum Dot
Breakup by Application:
- Smartphone and Tablet
- Smart Wearable
- Television and Digital Signage
- PC and Laptop
- Vehicle Display
Breakup by Industry Vertical:
- Consumer Electronics
- Military and Defense
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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