The display market was valued at $124.14 billion in 2022 and is estimated to reach $242.06 billion by 2032, exhibiting a CAGR of 6.84% from 2023 to 2032. Display includes screen, computer output surface, and projection surface that displays content, mainly test, graphics, pictures, and videos utilizing cathode ray tube (CRT), light-emitting diode (LED), liquid crystal display (LCD), and other technologies. These displays are majorly incorporated in devices such as televisions, smartphones, tablets, laptops, vehicles, and others.
The rise in usage of OLED displays in smartphones, as well as massive expenditures and funding from the governments for the development of new OLED and LCD panel production facilities, are the main factors anticipated to boost the market growth. Other factors that drive market expansion include rising demand for 4K and 8K displays due to the availability of UHD content, as well as increased deployment of HUD, center stack display, and instrument cluster in automotive vehicles.
The usage of large-sized screen replacements such as projectors and screen-less displays is inconvenient. Furthermore, due to emerging applications such as holographic displays, smart mirrors, smart home appliances, and smart displays, there is space for market development. Display devices are becoming used in the automobile sector as well. In response to this opportunity, LG Display, for example, has stated that it would begin manufacturing a head-up display system for the car industry. The LG vehicle display gadget is a portable, transparent, flexible display. The heads-up display is used for a variety of purposes and functions. The display market is segmented on the basis of display type, technology, application, industry vertical, and region. By display type, the market is divided into flat panel display, flexible panel display, and transparent panel display.
By technology, it is classified into OLED, quantum dots, LED, electronic paper, LCD, and others. By application, it is categorized into smartphones & tablets, smart wearables, televisions & digital signage, PCs & laptops, vehicle display, and others. By industry vertical, the market is segregated into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players operating in the global display market are LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation.
The rise in usage of OLED displays in smartphones, as well as massive expenditures and funding from the governments for the development of new OLED and LCD panel production facilities, are the main factors anticipated to boost the market growth. Other factors that drive market expansion include rising demand for 4K and 8K displays due to the availability of UHD content, as well as increased deployment of HUD, center stack display, and instrument cluster in automotive vehicles.
The usage of large-sized screen replacements such as projectors and screen-less displays is inconvenient. Furthermore, due to emerging applications such as holographic displays, smart mirrors, smart home appliances, and smart displays, there is space for market development. Display devices are becoming used in the automobile sector as well. In response to this opportunity, LG Display, for example, has stated that it would begin manufacturing a head-up display system for the car industry. The LG vehicle display gadget is a portable, transparent, flexible display. The heads-up display is used for a variety of purposes and functions. The display market is segmented on the basis of display type, technology, application, industry vertical, and region. By display type, the market is divided into flat panel display, flexible panel display, and transparent panel display.
By technology, it is classified into OLED, quantum dots, LED, electronic paper, LCD, and others. By application, it is categorized into smartphones & tablets, smart wearables, televisions & digital signage, PCs & laptops, vehicle display, and others. By industry vertical, the market is segregated into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players operating in the global display market are LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the display market analysis from 2022 to 2032 to identify the prevailing display market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the display market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global display market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Application
- Smartphone and Tablet
- Smart Wearable
- Television and Digital Signage
- PC and Laptop
- Vehicle Display
- Others
By Industry Vertical
- Healthcare
- Consumer Electronics
- BFSI
- Retail
- Military and Defense
- Automotive
- Others
By Display Type
- Flat Panel Display
- Flexible Panel Display
- Transparent Panel Display
By Technology
- OLED
- Quantum DOT
- LED
- LCD
- E-Paper
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- AUO Corporation
- LG Display Co Ltd
- NEC CORPORATION
- Innolux Corporation
- Leyard Optoelectronic Co., Ltd
- Samsung Electronics Co Ltd
- Sharp Corporation
- Japan Display Inc
- Sony Corporation
- Panasonic Corporation
- BOE Technology Group Co., Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DISPLAY MARKET, BY DISPLAY TYPE
CHAPTER 5: DISPLAY MARKET, BY TECHNOLOGY
CHAPTER 6: DISPLAY MARKET, BY APPLICATION
CHAPTER 7: DISPLAY MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: DISPLAY MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the display market was valued at $124.14 billion in 2022, and is estimated to reach $242.1 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.Display Market is likely to experience a significant growth rate of 6.84% from 2022 to 2032 owing to increasing market demand from consumer electronics sector
A screen, a computer output surface, and a projection surface use cathode ray tube, light-emitting diodes, liquid crystal displays, or other technologies to show text and graphics. It may be found in a wide range of applications, including television, telephones, tablets, laptop computers, automobiles, public transit, and many more.OLED (Organic Light Emitting Diode) technology continues to gain popularity in a variety of industries. Because of its capacity to produce brilliant colours, high contrast ratios, and smaller form factors, OLED displays were becoming more widespread in smartphones, TVs, and wearable gadgets. With rising demand, manufacturers were increasing OLED production capacity.
Mini-LED and Micro-LED technologies were developing as OLED rivals. Mini-LED displays enhanced LCD screen illumination by increasing contrast and local dimming. Micro-LED, on the other hand, offered more brightness and energy efficiency at a greater cost. These technologies were especially useful in premium televisions and large-format monitors. The gaming industry was a major the driver of display developments. High refresh rate displays (e.g., 120Hz, 144Hz, and beyond) were becoming increasingly widespread, providing smoother gaming experiences. Variable refresh rate (VRR) and reduced input latency were also popular, meeting the requirements of the gaming community.
The smartphone companies is characterised by severe rivalry while which drives ongoing advancements in display technology. Manufacturers are embracing and upgrading technologies such as OLED and AMOLED displays, which provide benefits such as smaller profiles, improved colour accuracy, and energy efficiency. These advancements strive to give consumers with better aesthetically appealing and functional displays.
The emergence of foldable and flexible screens in smartphones is a new breakthrough that is fueling industry expansion. These displays have distinct form factors that enable users to move between small and large-screen modes. They target to customers who want mobility as well as a wider visual workplace.
Smartphone displays that are energy-efficient are in great demand as users become more mindful of battery life and environmental effect. Manufacturers are putting money into technologies that minimise power usage while preserving or improving display quality.Furthermore, the use of screens in smartphones is a significant driver in the display business. Consumer desire for larger, higher-quality screens, along with continuous display technology breakthroughs and the requirement to support new technologies such as 5G and flexible displays, continues to define the industry's trajectory.
Foldable and rollable screens were challenging established form factors. Foldable screens were being tested by smartphone makers, while rollable displays opened up new possibilities for TVs and portable gadgets. These advancements sought to give users more diverse and adaptive screen alternatives.
The display market is segmented based on display type, technology, application, industry vertical, and region. By display type, the market is divided into flat panel display, flexible panel display, and transparent panel display. By technology, it is classified into OLED, quantum dots, LED, electronic paper, LCD, and others. By application, it is categorized into smartphones & tablets, smart wearables, televisions & digital signage, PCs & laptops, vehicle display, and others. By industry vertical, the market is segregated into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study include LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in January 2022, Innolux launched the industry's 27-inch 1440P 300hz miniLED e-sports screen panel products, giving full play to the advantages of IGZO high-end panel technology, 576-area backlight adjustment technology, so that the depth of field detail of the picture is better than the general non-miniLED panel.
Key Market Insights
By display type, the flat panel display segment was the highest revenue contributor to the market. However, the flexible panel display segment is estimated to be the fastest growing segment during the forecast period.The LCD technology segment generated the largest share in 2022 and expected to follow the same trend during the forecast period.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $$45.77 billion in 2022, and is estimated to reach $99.39 billion by 2032, with a CAGR of 7.99%.
Companies Mentioned
- AUO Corporation
- LG Display Co Ltd
- NEC CORPORATION
- Innolux Corporation
- Leyard Optoelectronic Co., Ltd
- Samsung Electronics Co Ltd
- Sharp Corporation
- Japan Display Inc
- Sony Corporation
- Panasonic Corporation
- BOE Technology Group Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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