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 research report. 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 utilized for presenting information in the visual or tactile form via a screen. It generally includes a liquid crystal display (LCD), cathode ray tube (CRT), organic light-emitting diodes (OLED), light-emitting diode (LED), gas plasma, projection surface, etc., that exhibit graphic texts and images. Displays offer several benefits, such as enhanced productivity, convenience, safety, cost-effectiveness, entertainment, hands-free access, etc., to the consumers. In addition to this, they provide improved productivity and eye-catching visuals. Consequently, displays find wide-ranging applications across various sectors, including automotive, sports, construction, medical, retail, etc. Furthermore, they are extensively utilized in mobile phones, laptops, tablets, smartwatches, medical monitors, etc. As such, displays are commonly available in numerous sizes and advanced variants that are integrated with video calling features, speakers, built-in cameras, 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 growing product adoption at airports, train stations, bus stops, etc., to provide information regarding arrival, departure, and possible delays to the public is primarily driving the display market. Additionally, the rising utilization of displays in digital dashboards, rearview mirrors, navigation systems, heads-up displays, etc., and the inflating popularity of smart home security instruments, including smoke alarms and video doorbells, for real-time updates are further catalyzing the market growth. Besides this, the escalating demand for flexible display technologies in consumer electronics devices, such as televisions, computers, smartphones, etc., owing to their enhanced brightness, convenience, low power consumption, ability to withstand direct sunlight, etc., is acting as another significant growth-inducing factor. Moreover, the elevating usage of touch-based devices that require a display panel to operate and the expanding electronics industry are also positively influencing the global market. Apart from this, the increasing integration of product variants with Internet of Things (IoT) and artificial intelligence (AI) solutions that aid in real-time monitoring, offer remote access to temperature systems, enable efficient management, etc., is projected to fuel the display market in the coming years.
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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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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