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 reached a value of US$ 151.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 197.3 Billion by 2027 exhibiting a CAGR of 4.10% during 2022-2027.
A display represents an output device that is used for presenting information in a visual or tactile form via a screen. It generally includes a cathode ray tube (CRT), liquid crystal display (LCD), light-emitting diode (LED), gas plasma, projection surface, and other assorted components to showcase graphic texts and images. Moreover, a display offers enhanced productivity, convenience, safety, entertainment, hands-free access, etc., to the consumers. Consequently, it finds wide-ranging applications across several sectors, including sports, automotive, construction, healthcare, retail, etc.
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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.
Market Trends:
The widespread product adoption at train stations, airports, bus stops, etc., to provide information regarding departure, arrival, and possible delays to the public is primarily driving the display market. Additionally, the inflating need for smart home security devices, such as security cameras, smoke alarms, video doorbells, etc., for real-time updates is further catalyzing the market growth. Besides this, the growing utilization of display technology in various consumer electronics devices, including computers, televisions, laptops, tablets, smartphones, etc., owing to its ability to withstand direct sunlight, enhanced brightness, flexible nature, low power consumption, etc., is acting as another significant growth-inducing factor. Furthermore, the rising investments in R&D activities aimed at developing advanced product variants integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions, so as to aid individuals in real-time monitoring, remote access to temperature systems, efficient time management, etc., are anticipated to fuel the display market over the forecasted period.
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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:
- OLED
- Quantum Dot
- LED
- LCD
- E-Paper
- Others
Breakup by Application:
- Smartphone and Tablet
- Smart Wearable
- Television and Digital Signage
- PC and Laptop
- Vehicle Display
- Others
Breakup by Industry Vertical:
- BFSI
- Retail
- Healthcare
- Consumer Electronics
- Military and Defense
- Automotive
- Others
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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