IPS Display Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Consumer Electronics is the fastest growing segment, Asia-Pacific is the largest market globally

The Global IPS Display Market, valued at USD 62.91 Billion in 2024, is projected to experience a CAGR of 7.11% to reach USD 94.99 Billion by 2030. In-Plane Switching (IPS) display technology is a form of liquid crystal display (LCD) panel that is distinguished by its superior color reproduction, broad viewing angles, and consistent image quality. The global IPS display market is primarily driven by the escalating demand for high-quality visual experiences across diverse applications, including consumer electronics, professional monitors, and automotive infotainment systems. This demand is underpinned by the inherent advantages of IPS technology, which provides critical visual fidelity for tasks such as graphic design, content creation, and immersive gaming.

Key Market Drivers

The global IPS display market is significantly propelled by the increasing demand for high-quality visual experiences across diverse applications. Consumers and professionals alike now expect superior color reproduction, broad viewing angles, and consistent image fidelity, driving the adoption of advanced display technologies. This is particularly evident in the automotive sector, where sophisticated infotainment systems and digital cockpits require displays offering both aesthetic appeal and critical functionality. According to The DigiTimes, in an October 23, 2024, article titled "AUO rises to top three in automotive displays following BHTC acquisition", more than half of all automotive display shipments now feature screens over 10 inches, underscoring the clear market shift towards larger, more immersive visual interfaces in vehicles.

Key Market Challenges

The primary challenge impeding the growth of the Global IPS Display Market is the significant progress of alternative display technologies. Organic Light Emitting Diode (OLED) and Mini-LED technologies are increasingly capturing market share, particularly in premium segments, by offering distinct performance advantages such as enhanced contrast, true blacks, and superior energy efficiency. This directly impacts IPS market expansion as consumers and manufacturers gravitate towards these advanced solutions for high-end applications, including smartphones, televisions, and professional monitors. According to the Korea Display Industry Association (KDIA), the global OLED market reached approximately $42.82 billion in 2023 and grew to around $44.01 billion in 2024, indicating substantial market presence and competitive pressure.

Key Market Trends

A significant trend shaping the Global IPS Display Market is the integration of Mini-LED backlighting. This technology enhances IPS panels by enabling precise local dimming and higher contrast ratios, bringing performance closer to OLED displays while leveraging LCD's established production infrastructure. According to SEMI, global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new industry record of $125.5 billion in 2025, marking a 7.4% year-on-year increase, reflecting the substantial investment underpinning advanced display technologies like Mini-LED backlighting. This investment facilitates the production capabilities for innovative IPS products.

Key Market Players Profiled:

• LG Display Co., Ltd
• Samsung Display Co., Ltd
• AU Optronics Corporation
• Japan Display Inc
• Innolux Corporation
• BOE Technology Group Co., Ltd
• Sharp Corporation
• Visionox Technology Inc
• Tianma Microelectronics Co., Ltd
• Truly International Holdings Limited

Report Scope:

In this report, the Global IPS Display Market has been segmented into the following categories:

By Type:

• In-Plane Switching (IPS) LCD.
• Advanced Super In-Plane Switching (AS-IPS) LCD.
• Enhanced Super In-Plane Switching (e-IPS) LCD.

By Price Range:

• Entry-level IPS Displays
• Mid-range IPS Displays
• High-end IPS Displays

By End User:

• Consumer Electronics
• Healthcare and Medical
• Automotive
• Gaming
• Retail and Hospitality

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global IPS Display Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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