Global Display Components Market Outlook 2029

The global display component market is anticipated to grow with a CAGR of 3.5% over the forecast period, i.e., 2021 - 2029. Factors such as the increasing sales of television units worldwide, growing demand for smartphones, increasing sales of computers and laptops, and the surge in advancements in display technology are expected to drive the growth of the market throughout the forecast period. Moreover, factors such as the increasing utilization of display components in medical equipment, is also expected to contribute to the market growth. The market is further estimated to garner a revenue of about USD 386200 Million by the end of 2029, up from a revenue of close to USD 283900 Million in 2020.

The global display component market is segmented by numerous segments, which include segmentation by technology, panel size, and-products, and by region. On the basis of technology, the market is segmented into LCD display, LED display, OLED, plasma display, and others. Amongst these segments, the LED display segment is anticipated to hold the largest market revenue of about USD 184600 Million by the end of 2029 and also hold the highest market share throughout the forecast period.

On the basis of regional analysis, the global display component market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the Asia Pacific display component market is expected to reach close to USD 174000 Million by the end of 2029 by growing with a CAGR of 3% approximately during the forecast period, up from a revenue of around USD 131150 Million in the year 2020.

Some of the prominent industry leaders in the global display component market that are included in our report are LG Electronics, Innolux Corporation, NEC Corporation, Panasonic Corporation, AU Optronics Corp., Sony Corporation, Samsung Group, Leyard Group, BOE Technology Group Co., Ltd., and others.