Global Display Market: Demand Analysis and Growth Forecast
The display market is witnessing assorted developments with the innovating display technologies such as OLED, LED, and Quantum Dot. There is an increased demand for the high-resolution display devices, and this could be understood better with new findings by IndustryARC, which has estimated the global display market to be worth $132 to $135 billion as of 2018. Moreover, the analyst of the report projects the demand in the global display market to increase at CAGR of 4% to 4.5% during the forecast period of 2019 to 2025. The report is titled “Display Market: By Technology (Electronic Paper, OLED, LCD, LED, DLP & LCOS); By Type (Conventional, 3D, Transparent & Flexible); By Application (Consumer Electronics, Aerospace, Healthcare, Automotive & Others) & By Geography-Forecast (2019-2025).”
With the shift to the display technology, which has now become a commonplace in homes, restaurants, and offices, the advertising industry has found new ways to lure customers. According to GSMA, the unique mobile subscriber will reach to 5.9 billion by 2025, which is equivalent to 71% of the world’s population, and according to AARP’s report of 2018, 49% of the people own smart TV while 9 million people are planning to buy one by 2020. Owing to the increased investment in technology, there is apparent improvement in the demand in the display market.
Browse 64 Market Tables, 177 Figures spread through 149 slides and an in-depth TOC “Display Market (2019 - 2025)”
Global Display Market: Leading Segment
The growth in the display market in APAC has been observed due to the number of people registering to purchase mobile, television, tablets, and laptops. Due to urbanization and increasing consumption of consumer electronics in China and India, there has been a rise in demand for 3D and high-definition smart TV prices. China is Asia’s leading manufacturer in the regional display market. The overall industry has experienced robust growth in recent years. Moreover, this has led to the increased regional share of APAC between 35% and 40% as of 2018. Consumer electronic application will observe an estimated CAGR of between 5% and 6% during the forecast period of 2019 to 2025.
Global Display Market: Market Trends and Growth Drivers
Owing to the expedient growth in the display market with a swift penetration of LED and OLED technologies, there are few market trends that are disrupting the industry:
- Samsung in Discussion to Launch 8k TV
Recently, Samsung had shown its Q900, which is more than 33 million pixels. 85 inches TV will be the first TV by Samsung with 8K. This will firstly hit the United States display market in October 2019. 8K will boost the number of pixels in the display of the television, thereby imbuing better user experience in terms of clarity and texture.
- Digital Signature Gaining its Popularity
A subsequent increase in the popularity of internet banking and e-commerce, the digital signature has gauged popularity in recent years. It is an advanced hybrid technology of this new generation that comes with high Internet security. Increasing focus on research and developments opportunities to bring unique and fresh content in front of consumers is flourishing the display market.
Global Display Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global display market are Samsung Electronics Co. Ltd., LG Display Co. Ltd, Sony Corporation, BOE Technology Group Co. Ltd , Innolux Corp., Apan Display Inc., NEC Display Solutions, Corning Incorporated, Sharp Corp., and Tianma Microelectronics Co. Ltd.
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Interactive Display Market: By Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor); By Application (Retail, Education, Healthcare, Entertainment); By Panel-Size (17 - 32 , 32 - 65 , Above 65 ) & By Region - Forecast(2018 - 2023)
Holographic Display Market: By Technology (Reflection, Transmission, Hybrid, Electroholography); By Type (Laser, Semi-transparent, Micromagnetic Piston, Television Display, User Interfacing Touchable Display and Others); By End-User Industry (Medical, Art & Museum, Defense, Education, Engineering, Aerospace & Defence and Others); By Geography - Forecast (2018-2023)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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