Display Market by Product (Smartphones, Wearables, Television Sets, Signage, Tablets), Resolution, Display Technology (LCD, OLED, Direct-View LED, Micro-LED), Panel Size, Vertical, and Geography 2026
The Display Market is projected to USD 177.1 billion by 2026 from USD 155 billion in 2022 at a CAGR of 3.6% during the forecast period. It was observed that the growth rate was 7.1% from 2021 to 2022. Microdisplay segment is expected to witness highest CAGR of 11.9%.
Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the market.
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Display Market Dynamics:
Driver: Increasing use of LED displays for video wall, TVs, and digital signage applications
LED displays are among the most used type of display technology for various applications. It holds a larger size of the market as compared to other technologies.
In recent years, the LED display industry has matured, but not in terms of innovation. One of the recent advancements in LED displays is the miniaturization of the parts needed to build an LED screen. Miniaturization has enabled LED screens to become ultra-thin and grow to huge sizes, allowing screens to rest on any surface, inside or outside. Applications of LEDs have multiplied, largely in part due to technological advancements, including enhanced resolution, greater brightness capabilities, product versatility, and the development of hardened surface LEDs and micro LEDs.
LED displays are also widely used for digital signage applications, such as for advertising, and digital billboards, which helps brands to stand out from the rest. For instance, in August 2018, Peppermill Casino in Reno, Nevada, mounted a curved LED digital signage video wall from Samsung. Thus, LED displays are widely used to improve customer experience. Some of the leaders in this field are Samsung Electronics (South Korea) and Sony (Japan), followed by LG Corporation (South Korea) and NEC Corporation (Japan).
Restraint: Decline in demand for displays from retail sector due to drastic shift towards online advertisement and shopping
Digital advertising is more sophisticated, personalized, and relevant now. Consumers spend more time online than before, and digital advertising offers an ideal way to reach multi-device, multi-channel consumers. Thus, online advertising has gained popularity in recent years.
Moreover, the widespread availability of the internet has spurred tremendous growth in digital advertising. Increased spending on online advertising by various big players, such as Facebook and Google, is also a major factor for the heightened use of online advertising. Programmatic advertising is also gaining momentum. Programmatic advertising refers to the use of automated systems and data to make media buying decisions without human interference. Due to this, the demand for displays, which were earlier used for advertising products and brands in shops and in commercial places, has decreased significantly.
Opportunity: Growing adoption of foldable and flexible displays
Foldable displays have become popular in tablets, smartphones, and notebooks in recent years. Flexible display panels are bendable owing to the flexible substrates used to manufacture them.
The flexible substrate can be plastic, metal, or flexible glass; plastic and metal panels are light, thin, and durable and are virtually shatterproof. Foldable phones are based on flexible display technology, which is built around OLED screens. Companies like Samsung and LG are mass-producing flexible OLED display panels for smartphones, television sets, and smartwatches.
However, these displays are not exactly flexible from end users’ perspective; manufacturers bend or curve these display panels and use them in end products. Some of the major developers of foldable OLED technologies include Samsung and BOE Technology. In May 2018, BOE demonstrated several new technologies, including a 6.2-inch 1440x3008 foldable (1R) OLED display with a touch layer and a foldable 7.56" 2048x1535 OLED.
Challenge: Hindrance in supply chain and manufacturing processes due to COVID-19
Many countries had imposed or are continuing to impose lockdowns to contain the spread of COVID-19. This has disrupted the supply chain of various markets, including the display market.
Supply chain hindrances are creating challenges for display manufacturers in manufacturing and supplying their products. China is the worst-hit country in terms of display manufacturing due to COVID-19.
The manufacturers were allowed only 70% to 75% of capacity utilization compared to the normal rate of 90% to 95%. For instance, Omdia Display, a display manufacturer in China, expects a 40% to 50% drop in its overall display production due to a shortage of labor, shortage of logistics support, and quarantine procedures.
Display Market Segment Overview
LCD technology to account for a larger share of the display market by 2026
LCD technology has been widely used in display products over the last few decades. Currently, many fields, such as retail, corporate offices, and banks, are using LCD-based products.
The LCD segment held the largest market share in 2020 and was a relatively mature segment. However, LED technology is expected to record a prominent growth rate during the forecast period. Advancements in LED technology and its energy-efficient nature is driving the market for this technology.
Factors like high competition from newer technologies, disruption in supply-demand ratio, and decline in ASPs of LCD display panels are expected to push the LCD display market toward negative growth during the forecast period. Moreover, Panasonic is planning to cease LCD production by 2021. Key TV manufacturers, such as LG Electronics and Sony, are undergoing massive losses due to the decline in demand for LCD panels.
Smartphones to account for a larger share of the display market by 2026
The market for smartphones is expected to hold a major share of the market. This growth will be propelled mainly by the increasing adoption of OLED and flexible displays by smartphone manufacturers.
Shipment of high priced flexible OLED displays are increasing at a rapid rate; this trend is expected to continue during the forecast period. The smart wearables segment has emerged as the new growth avenue for the global market. The demand for these devices is increasing rapidly, and with the high adoption of AR/VR technologies, the demand for smart wearables is expected to increase exponentially during the forecast period.
APAC to witness the highest CAGR in the display market during the forecast period
APAC is expected to witness the highest CAGR during the forecast period. Growing number of display panel manufacturing plants and the speedy adoption of OLED displays are some other factors instrumental in the growth of the market in the region.
The cost of labor is low in APAC, which reduces the overall manufacturing costs of display panels. This has attracted various companies to establish their new OLED and LCD panel manufacturing plants in this region. The consumer electronics, retail, BFSI, healthcare, transportation, and sports & entertainment industries are expected to contribute substantially to the growth of the display market in APAC. Additionally, rising adoption of display devices in various industries, especially in countries such as China, India, and South Korea, is a key factor supporting the market growth. Moreover, due to the COVID-19 pandemic, the demand for smartphones and laptops has increased because of work-from-home norms. Also, financial and education institutions are adopting digital teaching methods. These factors are contributing to the increased demand for small- and large-scale displays for commercial and business purposes.
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Key Market Players in Display Market
Samsung Electronics (South Korea), LG Display (South Korea), BOE Technology (China), AU Optronics (Taiwan), and INNOLUX (Taiwan) are among the major players in the display market.
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|
Report Metric |
Details |
|
Market Growth Rate |
3.6% |
|
Market Size Value in 2026 |
USD 177.1 billion |
|
Market Size Value in 2021 |
USD 148.4 billion |
|
Market Size Availability for Years |
2021–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
Forecast Units |
Value (USD) |
|
Product |
Smartphones |
|
Display Technology |
|
|
Geographies Covered |
|
|
Top Companies Covered |
|
| Key Market Driver | Increasing use of LED displays for video wall, TVs, and digital signage applications |
| Key Market Opportunity | Growing adoption of foldable and flexible displays |
| Largest Growing Region | APAC |
| Largest Market Share Segment | Smartphones |
| Highest CAGR Segment | LCD Technology |
This research report categorizes the display market, by display technology, panel size, product type, vertical, and region
Market Based on Display Technology:
- LCD
- OLED
- Micro-LED
- Direct-vew LED
- Other
Market Based on Panel Size:
- Microdisplays
- Small and Medium-sized Panels
- Large Panels
Market Based on Product Type:
- Smartphones
- Television Sets
- PC Monitors & Laptops
- Digital Signage/Large Format Displays
- Automotive Displays
- Tablets
-
Smart Wearables
- Smartwatch
- AR HMD
- VR HMD
- Others
Market Based on Vertical:
- Consumer
- Automotive
- Sports & Entertainment
- Transportation
- Retail, Hospitality, and BFSI
- Industrial & Enterprise
- Education
- Healthcare
- Defense & Aerospace
- Others
Market Based on the Region
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- UK
- France
- Rest of Europe
-
APAC
- China
- Japan
- South Korea
- Taiwan
- Rest of APAC
-
RoW
- South America
- Middle East & Africa
Recent Developments in Display Market Size
- In April 2020, AU Optronics partnered with PlayNitride Inc., a Micro LED technology provider, to develop high resolution flexible micro LED display technology. AUO and PlayNitride each exerted their expertise in display and LED to jointly develop a leading 9.4-inch high resolution flexible micro LED display with the highest 228 PPI pixel density.
- In February 2020, Samsung unveiled its Onyx screen in Australia at the HOYTS Entertainment Quarter in Moore Park, Sydney, the first in Australia. The new installment features Samsung’s latest 14-meter Onyx Cinema LED screen.
- In January 2020, LG Display unveiled its latest displays and technologies at CES 2020 in Las Vegas from January 7 to 10. The company will introduce a 65-inch Ultra HD (UHD) Bendable OLED display and a 55-inch Full HD (FHD) Transparent OLED display.
- In January 2020, BOE Health Technology and Beijing Emergency Medical Center partnered for the new model of “IoT + pre-hospital care” to apply IoT technology to the process of pre-hospital care and work together to improve the efficiency of pre-hospital care in China.
- In August 2019, LG Display announced the opening of its 8.5th generation (2,200mm x 2,500mm) OLED panel production plant in Guangzhou, China, to produce 10 million large-size OLED panels a year.
Frequently Asked Questions (FAQ):
Which are the major companies in the display market? What are their major strategies to strengthen their market presence?
The major companies in the display market are – Samsung Electronics (South Korea), LG Display (South Korea), Sharp (Foxconn) (Japan), Japan Display (Japan), Innolux (Taiwan), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), BOE Technology (China), AU Optronics (Taiwan), and Sony (Japan). Players in this market have adopted product launches and developments, expansions, acquisitions, and agreements strategies to increase their market share.
Which is the potential market for display market in terms of the region?
Among all regions, APAC is expected to register the highest growth in the display market during the forecast period. China, South Korea, Japan, India, and Rest of APAC are covered under the APAC display market analysis. The high growth of the market in APAC can be attributed to the increased government investments in the education sector and the presence of some of the key display manufacturers.
What are the opportunities for new market entrants?
Growing adoption of foldable and flexible displays, rapid adoption of AMOLED displays, especially due to introduction of 5G, emerging use cases of displays to provide lucrative growth opportunities for manufacturers, and Micro-LED and mini-LED technologies to carve out new growth avenues for display market.
Which display technology are expected to drive the growth of the market in the next five years?
The majority of the global display market’s revenue growth is expected to come from OLED and micro-LED displays. OLED displays are witnessing high adoption in smart wearables, smartphones, and television sets. The micro-LED display market is expected to grow rapidly during the forecast period. Penetration of the technology in products like television sets, HUDs, and smartphones is also expected during this period.
Which product type is expected to grow with highest CAGR during forecast period?
The smart wearables display market segment is expected to witness high growth on the back of growing demand for HMDs. AR and VR HMDs are comparatively new products in the market and have a wide application scope across a number of industries. Also, due to the COVID-19 pandemic, the demand for smart wearables has increased rapidly, which, in turn, has fueled the demand for OLED displays for smart wearable devices. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 STUDY OBJECTIVES
1.2 DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 DISPLAY MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 2 DISPLAY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 SUPPLY-SIDE ANALYSIS: DISPLAY MARKET (1/2)
FIGURE 4 SUPPLY-SIDE ANALYSIS: MARKET (2/2)
FIGURE 5 DEMAND-SIDE ANALYSIS: MARKET
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 41)
3.1 DISPLAY MARKET: PRE-COVID-19 AND POST-COVID-19 SCENARIOS
FIGURE 9 MARKET: OPTIMISTIC, REALISTIC, PESSIMISTIC, AND PRE-COVID-19 SCENARIO ANALYSIS (2017–2026)
3.1.1 MARKET: REALISTIC SCENARIO
3.1.2 MARKET: OPTIMISTIC SCENARIO
3.1.3 MARKET: PESSIMISTIC SCENARIO
FIGURE 10 MARKET SIZE, 2021 & 2026
FIGURE 11 APAC HELD LARGEST SHARE OF MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN DISPLAY MARKET
FIGURE 12 APAC TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
4.2 MARKET, BY TECHNOLOGY
FIGURE 13 LCD TECHNOLOGY TO HOLD LARGEST MARKET SIZE IN 2026
4.3 MARKET, BY PRODUCT TYPE
FIGURE 14 SMARTPHONES TO HOLD LARGEST SHARE OF MARKET, BY PRODUCT TYPE, IN 2026
4.4 MARKET, BY PANEL SIZE
FIGURE 15 MARKET FOR MICRODISPLAYS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 MARKET, BY VERTICAL
FIGURE 16 CONSUMER VERTICAL TO HOLD LARGEST SIZE OF MARKET IN 2026
4.6 MARKET, BY REGION
FIGURE 17 MARKET IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR DISPLAY MARKET
5.2.1 DRIVERS
5.2.1.1 Surging adoption of OLED displays in various applications
5.2.1.2 Increasing use of LED displays for video wall, TVs, and digital signage applications
5.2.1.3 Growing demand for interactive displays in various applications
5.2.1.4 Rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic
5.2.2 RESTRAINTS
5.2.2.1 Decline in demand for displays from retail sector due to drastic shift towards online advertisement and shopping
TABLE 2 ADVERTISING SPENDING ON DIGITAL MEDIA IN 2019
5.2.2.2 Deployment of widescreen alternatives, such as projectors and screenless displays, and emergence of new display concepts
5.2.3 OPPORTUNITIES
5.2.3.1 Growing adoption of foldable and flexible displays
5.2.3.2 Rapid adoption of AMOLED displays, especially due to introduction of 5G
5.2.3.3 Emerging use cases of displays to provide lucrative growth opportunities for manufacturers
5.2.3.4 Micro-LED and mini-LED technologies to carve out new growth avenues for market
5.2.3.5 Increased CAPEX spending on displays
5.2.4 CHALLENGES
5.2.4.1 Hindrance in supply chain and manufacturing processes due to COVID-19
5.2.4.2 High costs associated with new display technology-based products
5.3 VALUE CHAIN ANALYSIS
FIGURE 19 DISPLAY MARKET: VALUE CHAIN ANALYSIS
5.3.1 R&D
5.3.2 MANUFACTURING
5.3.3 ASSEMBLY AND INTEGRATION
5.3.4 INPUT SUPPLIERS
5.4 DISPLAY ECOSYSTEM
FIGURE 20 DISPLAY ECOSYSTEM
5.5 PRICING ANALYSIS
TABLE 3 INDICATIVE PRICES OF DISPLAY PANEL
5.6 PATENT ANALYSIS
TABLE 4 NOTICEABLE PATENTS REGISTERED: DISPLAY MARKET
5.7 TARIFFS AND REGULATIONS REGARDING DISPLAY PANEL
5.7.1 KEY REGULATIONS FOR DISPLAY PANEL MARKET
TABLE 5 KEY REGULATIONS: DISPLAYS PANELS
5.7.2 TARIFFS: DISPLAY PANELS
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO OF BOARDS, PANELS, CONSOLES, DESKS, CABINETS, AND OTHER BASES
FIGURE 21 BOARDS, PANELS, CONSOLES, DESKS, CABINETS, AND OTHER BASES EXPORT, BY KEY COUNTRY, 2019
5.8.2 IMPORT SCENARIO OF BOARDS, PANELS, CONSOLES, DESKS, CABINETS, AND OTHER BASES
FIGURE 22 BOARDS, PANELS, CONSOLES, DESKS, CABINETS, AND OTHER BASES IMPORT, BY KEY COUNTRY, 2019
5.9 CASE STUDIES
5.9.1 INTRODUCTION
5.9.2 DISPLAY IN RESTAURANT
TABLE 6 FULL DIGITALIZATION OF MCDONALD’S DRIVE THRU LOCATION BY SAMSUNG
5.9.3 DISPLAY FOR CORPORATE
TABLE 7 INDOOR SMART LED DISPLAYS EMPOWERED MICROSOFT TO ACHIEVE MORE
5.9.4 DISPLAY IN AIRPORT
TABLE 8 SMART LED DISPLAYS TRANSFORM PASSENGER EXPERIENCE AT HELSINKI AIRPORT
5.9.5 DISPLAY IN HEALTHCARE
TABLE 9 FUTURAMEDIA BOOSTED PHARMACY SALES IN FRANCE WITH DIGITAL SIGNAGE
5.9.6 DISPLAY IN RETAIL
TABLE 10 HUNKEMOLLER NEW DIMENSION TO SHOPPING EXPERIENCE
5.9.7 DISPLAY IN SHOPPING CENTER
TABLE 11 POSNANIA SHOPPING COMPLEX OPENS WITH REVOLUTIONARY DIGITAL SIGNAGE SYSTEM
5.9.8 DISPLAY IN HOSPITALITY
TABLE 12 MSC CRUISES BRINGS EVERY PASSENGER JOURNEY TO LIFE WITH SMART LED SIGNAGE AND HOSPITALITY DISPLAYS
6 DISPLAY MARKET, BY RESOLUTION (Page No. - 71)
6.1 INTRODUCTION
6.2 8K
6.3 4K
6.4 FHD
6.5 HD
6.6 LOWER THAN HD
7 DISPLAY MARKET, BY DISPLAY TECHNOLOGY (Page No. - 73)
7.1 INTRODUCTION
FIGURE 23 MARKET SEGMENTATION, BY DISPLAY TECHNOLOGY
FIGURE 24 LCD DISPLAYS TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF GLOBAL MARKET DURING FORECAST PERIOD
TABLE 13 MARKET, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 14 MARKET, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
7.2 LCD
TABLE 15 LCD DISPLAY MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
TABLE 16 LCD DISPLAY, IN TERMS OF VALUE AND VOLUME, 2021–2026
TABLE 17 LCD DISPLAY, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 18 LCD DISPLAY, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 19 LCD DISPLAY MARKET, BY WEARABLE TYPE, 2017–2020 (USD MILLION)
TABLE 20 LCD DISPLAY, BY WEARABLE TYPE, 2021–2026 (USD MILLION)
TABLE 21 LCD DISPLAY, BY PANEL SIZE, 2017–2020 (USD BILLION)
TABLE 22 LCD DISPLAY, BY PANEL SIZE, 2021–2026 (USD BILLION)
FIGURE 25 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF LCD DISPLAY MARKET DURING FORECAST PERIOD
TABLE 23 LCD DISPLAY, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 24 LCD DISPLAY, BY GEOGRAPHY, 2021–2026 (USD BILLION)
7.2.1 LED-LCD
7.2.1.1 LED-LCDs offer advanced features, such as high image quality and power efficiency, than their conventional counterparts
7.2.2 QD-LCD (QDEF-LCD)
7.2.2.1 QD-LCDs are mainly used in consumer devices
7.3 OLED
TABLE 25 OLED DISPLAY MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
TABLE 26 OLED DISPLAY, IN TERMS OF VALUE AND VOLUME, 2021–2026
TABLE 27 OLED DISPLAY, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 28 OLED DISPLAY, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 29 OLED DISPLAY, BY WEARABLE TYPE, 2017–2020 (USD MILLION)
TABLE 30 OLED DISPLAY, BY WEARABLE TYPE, 2021–2026 (USD MILLION)
TABLE 31 OLED DISPLAY, BY PANEL SIZE, 2017–2020 (USD BILLION)
TABLE 32 OLED DISPLAY, BY PANEL SIZE, 2021–2026 (USD BILLION)
FIGURE 26 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF OLED DISPLAY MARKET DURING FORECAST PERIOD
TABLE 33 OLED DISPLAY, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 34 OLED DISPLAY, BY GEOGRAPHY, 2021–2026 (USD BILLION)
TABLE 35 OLED DISPLAY, BY PANEL TYPE, 2017–2020 (USD BILLION)
TABLE 36 OLED DISPLAY, BY PANEL TYPE, 2021–2026 (USD BILLION)
7.3.1 FLEXIBLE
7.3.1.1 Smartphones and smart wearables are expected to generate substantial demand for Flexible OLED displays during forecast period
7.3.2 FOLDABLE
7.3.2.1 Foldable OLED displays are set to enable new device form factors during forecast period
7.3.3 RIGID
7.3.3.1 Rigid OLED panels are usually fabricated on metal or glass substrates
7.4 MICRO-LED
7.4.1 MICRO-LED DISPLAY PANEL SHIPMENTS TO SURGE RAPIDLY 2020 ONWARDS
TABLE 37 MICRO-LED DISPLAY MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
TABLE 38 MICRO-LED DISPLAY, IN TERMS OF VALUE AND VOLUME, 2021–2026
TABLE 39 MICRO-LED DISPLAY, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 40 MICRO-LED DISPLAY, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 41 MICRO-LED DISPLAY, BY WEARABLE TYPE, 2017–2020 (USD MILLION)
TABLE 42 MICRO-LED DISPLAY, BY WEARABLE TYPE, 2021–2026 (USD MILLION)
TABLE 43 MICRO-LED DISPLAY, BY PANEL SIZE, 2017–2020 (USD BILLION)
TABLE 44 MICRO-LED DISPLAY, BY PANEL SIZE, 2021–2026 (USD BILLION)
FIGURE 27 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MICRO-LED DISPLAY MARKET DURING FORECAST PERIOD
TABLE 45 MICRO-LED DISPLAY BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 46 MICRO-LED DISPLAY, BY GEOGRAPHY, 2021–2026 (USD BILLION)
7.5 DIRECT-VIEW LED
FIGURE 28 APAC TO DOMINATE DIRECT-VIEW LED DISPLAY MARKET DURING FORECAST PERIOD
TABLE 47 DIRECT-VIEW LED DISPLAY, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 48 DIRECT-VIEW LED DISPLAY, BY GEOGRAPHY, 2021–2026 (USD BILLION)
7.5.1 DIRECT-VIEW FINE-PIXEL LED
7.5.1.1 Falling prices to propel adoption of direct-view fine-pixel LED displays during forecast period
7.5.2 DIRECT-VIEW LARGE-PIXEL LED
7.5.2.1 Large-pixel LED displays find major applications in outdoor environment
7.6 OTHERS
FIGURE 29 APAC TO DOMINATE DISPLAY MARKET FOR OTHER TECHNOLOGIES DURING FORECAST PERIOD
TABLE 49 MARKET FOR OTHER TECHNOLOGIES, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 50 MARKET FOR OTHER TECHNOLOGIES, BY GEOGRAPHY, 2021–2026 (USD BILLION)
8 DISPLAY MARKET, BY PANEL SIZE (Page No. - 96)
8.1 INTRODUCTION
FIGURE 30 MARKET SEGMENTATION, BY PANEL SIZE
FIGURE 31 SMALL AND MEDIUM-SIZED DISPLAY PANELS TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 51 MARKET, BY PANEL SIZE, 2017–2020 (USD BILLION)
TABLE 52 MARKET, BY PANEL SIZE, 2021–2026 (USD BILLION)
8.2 MICRODISPLAYS
8.2.1 MICRODISPLAYS ARE MAINLY USED IN CAMERAS AND PROJECTORS
FIGURE 32 MICRO-LED BASED MICRODISPLAYS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 53 MICRO DISPLAY MARKET, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 54 MICRO DISPLAY, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
8.3 SMALL AND MEDIUM-SIZED PANELS
8.3.1 SMALL AND MEDIUM-SIZED DISPLAY PANELS ARE PREDOMINANTLY USED IN SMALL DEVICES
FIGURE 33 OLED TECHNOLOGY TO CAPTURE LARGEST SIZE OF SMALL AND MEDIUM-SIZED DISPLAY MARKET BY 2026
TABLE 55 SMALL AND MEDIUM-SIZED DISPLAY, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 56 SMALL AND MEDIUM-SIZED DISPLAY, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
8.4 LARGE PANELS
8.4.1 LARGE DISPLAY PANELS ARE MOSTLY USED FOR OUTDOOR APPLICATIONS
FIGURE 34 LCD SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF LARGE DISPLAY MARKET DURING FORECAST PERIOD
TABLE 57 LARGE DISPLAY, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 58 LARGE DISPLAY, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
9 DISPLAY MARKET, BY PRODUCT TYPE (Page No. - 105)
9.1 INTRODUCTION
FIGURE 35 MARKET SEGMENTATION, BY PRODUCT
TABLE 59 MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)
TABLE 60 MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)
TABLE 61 MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 62 MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
9.2 SMARTPHONES
9.2.1 OLED DISPLAYS TO DOMINATE SMARTPHONES SEGMENT DURING FORECAST PERIOD
TABLE 63 MARKET FOR SMARTPHONES, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 64 MARKET FOR SMARTPHONES, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
FIGURE 36 APAC TO DOMINATE MARKET FOR SMARTPHONES DURING FORECAST PERIOD
TABLE 65 DISPLAY MARKET FOR SMARTPHONES, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 66 MARKET FOR SMARTPHONES, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.3 TELEVISION SETS
9.3.1 OLED TECHNOLOGY TO CAPTURE MAJOR SHARE OF TELEVISION SETS SEGMENT DURING FORECAST PERIOD
TABLE 67 MARKET FOR TELEVISION SETS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 68 MARKET FOR TELEVISION SETS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
FIGURE 37 NORTH AMERICA TO WITNESS HIGHEST GROWTH IN MARKET FOR TELEVISION SETS SEGMENT DURING FORECAST PERIOD
TABLE 69 MARKET FOR TELEVISION SETS, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 70 MARKET FOR TELEVISION SETS, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.4 PC MONITORS & LAPTOPS
9.4.1 LCD TECHNOLOGY TO HOLD MAJOR SHARE OF PC MONITORS & LAPTOPS SEGMENT DURING FORECAST PERIOD
TABLE 71 DISPLAY MARKET FOR PC MONITORS & LAPTOPS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 72 MARKET FOR PC MONITORS & LAPTOPS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
FIGURE 38 MARKET FOR PC MONITORS & LAPTOPS TO WITNESS DECLINED GROWTH ACROSS ALL REGIONS DURING FORECAST PERIOD
TABLE 73 MARKET FOR PC MONITORS & LAPTOPS, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 74 MARKET FOR PC MONITORS & LAPTOPS, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.5 DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS
9.5.1 LARGE FORMAT DISPLAYS ARE MAINLY USED IN PUBLIC PLACES, TRANSPORTATION, RETAIL, AND OUTDOOR ADVERTISING
TABLE 75 MARKET FOR DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 76 MARKET FOR DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
FIGURE 39 APAC TO DOMINATE MARKET FOR DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS DURING FORECAST PERIOD
TABLE 77 DISPLAY MARKET FOR DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 78 MARKET FOR DIGITAL SIGNAGE/LARGE FORMAT DISPLAYS, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.6 AUTOMOTIVE DISPLAYS
9.6.1 OLED TECHNOLOGY IS EXPECTED TO GAIN TRACTION IN AUTOMOTIVE DISPLAYS DURING FORECAST PERIOD
TABLE 79 AUTOMOTIVE DISPLAY MARKET, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 80 AUTOMOTIVE DISPLAY, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
TABLE 81 AUTOMOTIVE DISPLAY, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 82 AUTOMOTIVE DISPLAY, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.7 TABLETS
9.7.1 OLED TECHNOLOGY IS INCREASINGLY BEING USED FOR TABLETS
TABLE 83 DISPLAY MARKET FOR TABLETS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 84 MARKET FOR TABLETS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
TABLE 85 MARKET FOR TABLETS, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 86 MARKET FOR TABLETS, BY GEOGRAPHY, 2021–2026 (USD BILLION)
9.8 SMART WEARABLES
TABLE 87 MARKET FOR SMART WEARABLES, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 88 MARKET FOR SMART WEARABLES, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
TABLE 89 MARKET FOR SMART WEARABLES, BY GEOGRAPHY, 2017–2020 (USD BILLION)
TABLE 90 MARKET FOR SMART WEARABLES, BY GEOGRAPHY, 2021–2026 (USD BILLION)
TABLE 91 MARKET FOR SMART WEARABLES, BY WEARABLE TYPE, 2017–2020 (USD MILLION)
TABLE 92 DISPLAY MARKET FOR SMART WEARABLES, BY WEARABLE TYPE, 2021–2026 (USD MILLION)
9.8.1 SMARTWATCH
9.8.1.1 OLED displays to continue dominating smartwatch segment during forecast period
TABLE 93 MARKET FOR SMARTWATCHES, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 94 MARKET FOR SMARTWATCHES, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
9.8.2 AR HMD
9.8.2.1 Micro-LED to emerge as disruptive display technology in AR-HMD segment during forecast period
TABLE 95 MARKET FOR AR HMDS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 96 MARKET FOR AR HMDS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
9.8.3 VR HMD
9.8.3.1 LCD technology to hold major share of display market for VR HMDs during forecast period
TABLE 97 MARKET FOR VR HMDS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 98 MARKET FOR VR HMDS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
9.9 OTHERS
TABLE 99 MARKET FOR OTHER PRODUCTS, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 100 MARKET FOR OTHER PRODUCTS, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 101 MARKET FOR OTHER PRODUCTS, BY GEOGRAPHY, 2017–2020 (USD MILLION)
TABLE 102 MARKET FOR OTHER PRODUCT, BY GEOGRAPHY, 2021–2026 (USD MILLION)
10 DISPLAY MARKET, BY VERTICAL (Page No. - 132)
10.1 INTRODUCTION
FIGURE 40 MARKET SEGMENTATION, BY VERTICAL
FIGURE 41 CONSUMER SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF MARKET DURING FORECAST PERIOD
TABLE 103 MARKET, BY VERTICAL, 2017–2020 (USD BILLION)
TABLE 104 MARKET, BY VERTICAL, 2021–2026 (USD BILLION)
10.2 CONSUMER
10.2.1 CONSUMER SEGMENT TO CAPTURE LARGEST SIZE OF DISPLAY MARKET DURING FORECAST PERIOD
10.3 AUTOMOTIVE
10.3.1 OLED AND MINI-LED DISPLAYS ARE ANTICIPATED TO BE EXTENSIVELY ADOPTED IN AUTOMOTIVE VERTICAL DURING FORECAST PERIOD
10.4 SPORTS & ENTERTAINMENT
10.4.1 RAPID PENETRATION OF AR/VR HMDS INTO SPORTS AND ENTERTAINMENT INDUSTRIES TO FUEL MARKET GROWTH DRIVER DURING FORECAST PERIOD
10.5 TRANSPORTATION
10.5.1 TRANSPORTATION VERTICAL TO GENERATE HIGH DEMAND FOR LARGE FORMAT DISPLAYS DURING FORECAST PERIOD
10.6 RETAIL, HOSPITALITY, AND BFSI
10.6.1 RETAIL, HOSPITALITY, AND BFSI VERTICALS TO ADOPT DIGITAL SIGNAGE DISPLAYS AT LARGE DURING FORECAST PERIOD
10.7 INDUSTRIAL & ENTERPRISE
10.7.1 INCREASING ADOPTION OF AR/VR HMDS TO DRIVE MARKET GROWTH FOR INDUSTRIAL AND ENTERPRISE VERTICALS
10.8 EDUCATION
10.8.1 TRANSITION TO ONLINE LEARNING TO FAVOR GROWTH OF MARKET
10.9 HEALTHCARE
10.9.1 DIGITALIZATION OF HEALTHCARE SYSTEM TO PROPEL DEMAND FOR DISPLAYS DURING FORECAST PERIOD
10.10 DEFNSE & AEROSPACE
10.10.1 DEFENSE & AEROSPACE SEGMENT TO EXHIBIT HIGHEST GROWTH IN MARKET DURING FORECAST PERIOD
10.11 OTHERS
11 GEOGRAPHIC ANALYSIS (Page No. - 141)
11.1 INTRODUCTION
FIGURE 42 DISPLAY MARKET, BY REGION
FIGURE 43 APAC ACCOUNTED FOR LARGEST SHARE OF GLOBAL MARKET IN 2020
TABLE 105 MARKET, BY REGION, 2017–2020 (USD BILLION)
TABLE 106 MARKET, BY REGION, 2021–2026 (USD BILLION)
11.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: DISPLAY MARKET SNAPSHOT
TABLE 107 MARKET IN NORTH AMERICA, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 108 MARKET IN NORTH AMERICA, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 109 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 110 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
11.2.1 US
11.2.1.1 Technological advancements in display technologies to foster market growth in US during forecast period
11.2.2 CANADA
11.2.2.1 Ongoing infrastructure development projects to generate demand for displays in Canada during forecast period
11.2.3 MEXICO
11.3 EUROPE
FIGURE 45 EUROPE: DISPLAY MARKET SNAPSHOT
TABLE 111 MARKET IN EUROPE, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 112 MARKET IN EUROPE, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 113 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 114 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
11.3.1 GERMANY
11.3.1.1 Germany to lead display market in Europe during forecast period
11.3.2 FRANCE
11.3.2.1 Growing expenditure on programmatic digital display advertising to support market growth in France
11.3.3 UK
11.3.3.1 Heightened demand from smartphone and AR/VR technology developers to foster market growth in UK during forecast period
11.3.4 REST OF EUROPE
11.4 APAC
FIGURE 46 APAC: DISPLAY MARKET SNAPSHOT
TABLE 115 MARKET IN APAC, BY DISPLAY TECHNOLOGY, 2017–2020 (USD BILLION)
TABLE 116 MARKET IN APAC, BY DISPLAY TECHNOLOGY, 2021–2026 (USD BILLION)
TABLE 117 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
TABLE 118 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
11.4.1 CHINA
11.4.1.1 China to dominate display market in APAC during forecast period
11.4.2 SOUTH KOREA
11.4.2.1 South Korea to generate major demand for OLED display panels during forecast period
11.4.3 JAPAN
11.4.3.1 Presence of key component suppliers favors market growth in Japan
11.4.4 TAIWAN
11.4.4.1 Display panel production in Taiwan to surge during forecast period
11.4.5 REST OF APAC
11.4.5.1 Display panel demand expected to increase rapidly in India, Hong Kong, Singapore, Malaysia, and Thailand during forecast period
11.5 REST OF THE WORLD (ROW)
TABLE 119 MARKET IN ROW, BY DISPLAY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 120 MARKET IN ROW, BY DISPLAY TECHNOLOGY, 2021–2026 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA
11.5.1.1 Shopping malls and museums to generate demand for displays in Middle East & Africa
11.5.2 SOUTH AMERICA
11.5.2.1 Market growth in South America to be driven by outdoor advertising events
12 COMPETITIVE LANDSCAPE (Page No. - 159)
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS
TABLE 121 DISPLAY MARKET SHARE ANALYSIS (TOP 5 COMPANIES)
12.3 REVENUE ANALYSIS (DISPLAY BUSINESS)
FIGURE 47 MARKET REVENUE ANALYSIS OF TOP 5 PLAYERS (DISPLAY BUSINESS)
12.4 MARKET EVALUATION FRAMEWORK
FIGURE 48 MARKET EVALUATION FRAMEWORK (2017–2020)
12.5 COMPANY EVALUATION QUADRANT
12.5.1 STAR
12.5.2 EMERGING LEADER
12.5.3 PERVASIVE
12.5.4 PARTICIPANT
FIGURE 49 MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
12.6 STARTUP/SME EVALUATION MATRIX: DISPLAY MARKET
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 50 DISPLAY MARKET: STARTUP/SME EVALUATION MATRIX, 2020
12.7 COMPETITIVE SCENARIO
12.7.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 122 KEY PRODUCT LAUNCHES/DEVELOPMENTS (2017–2020)
12.7.2 PARTNERSHIPS, AGREEMENTS, CONTRACTS, JOINT VENTURES, AND COLLABORATIONS
TABLE 123 KEY PARTNERSHIPS, AGREEMENTS, CONTRACTS, JOINT VENTURES, AND COLLABORATIONS (2017–2020)
12.7.3 MERGERS & ACQUISITIONS
TABLE 124 KEY MERGERS & ACQUISITIONS (2017–2020)
12.7.4 EXPANSIONS
TABLE 125 KEY EXPANSIONS (2017–2020)
13 COMPANY PROFILES (Page No. - 168)
13.1 INTRODUCTION
(Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, COVID-19-related developments and MnM View)*
13.2 KEY PLAYERS
13.2.1 SAMSUNG ELECTRONICS
FIGURE 51 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
13.2.2 LG DISPLAY
FIGURE 52 LG DISPLAY: COMPANY SNAPSHOT
13.2.3 AU OPTRONICS (AUO)
FIGURE 53 AU OPTRONICS: COMPANY SNAPSHOT
13.2.4 BOE TECHNOLOGY
FIGURE 54 BOE TECHNOLOGY: COMPANY SNAPSHOT
13.2.5 SHARP (FOXCONN)
FIGURE 55 SHARP (FOXCONN): COMPANY SNAPSHOT
13.2.6 JAPAN DISPLAY
FIGURE 56 JAPAN DISPLAY: COMPANY SNAPSHOT
13.2.7 INNOLUX
FIGURE 57 INNOLUX: COMPANY SNAPSHOT
13.2.8 SONY
FIGURE 58 SONY: COMPANY SNAPSHOT
13.2.9 LEYARD OPTOELECTRONICS
FIGURE 59 LEYARD OPTOELECTRONICS: COMPANY SNAPSHOT
13.2.10 QISDA CORPORATION
FIGURE 60 QISDA CORPORATION: COMPANY SNAPSHOT
13.3 RIGHT-TO-WIN
TABLE 126 DISPLAY MARKET: RIGHT-TO-WIN (KEY MARKET PLAYERS)
13.4 OTHER KEY PLAYERS
13.4.1 NEC CORPORATION
13.4.2 TIANMA MICROELECTRONICS
13.4.3 UNIVERSAL DISPLAY
13.4.4 TRULY INTERNATIONAL
13.4.5 PANASONIC
13.4.6 CHINA STAR OPTOELECTRONICS TECHNOLOGY (CSOT) (CDOT) (TCL)
13.4.7 CHUNGHWA PICTURE TUBES
13.4.8 HANNSTAR DISPLAY CORPORATION
13.4.9 EMAGIN CORPORATION
13.4.10 KOPIN CORPORATION
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, COVID-19-related developments and MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 213)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATION
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study has involved four major activities in estimating the size of the display market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the display market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the display market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:
- Key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- Revenue of various display manufacturers is considered to arrive at global numbers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the display market has been validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the display market size, by product, display technology, panel type, panel size, and vertical, in terms of value
- To describe and forecast the display market size, by product and display technology, in terms of volume
- To define and forecast the display market for various segments with regards to 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To analyze the emerging applications/use-cases and technologies in the display market
- To analyze display manufacturers, their production capabilities, and new production fab construction plans in the display market
- To analyze the ecosystem/supply chain of displays comprising of material & component suppliers, driver IC suppliers, manufacturing equipment suppliers, panel manufacturers, and brand product manufacturers
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape
- To analyze competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments, in the market
- To strategically profile key players and comprehensively analyze their market shares and core competencies
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players based on various blocks of the value chain.
How Display Panel and Display Screen is Going to Impact the Display Market?
The display panel and display screen are two essential components of the display market, and they both have a significant impact on the industry. Here are some ways in which these components can impact the display market:
Technology advancement: The display panel and display screen technology are continually evolving, and newer technologies like OLED, MicroLED, and Quantum Dot displays are rapidly gaining popularity. These technologies offer significant advantages over traditional LCD displays, including better color accuracy, higher contrast, and improved power efficiency. As a result, the display market is expected to see a shift towards these newer technologies, which will impact the demand and pricing of these components.
Cost: The cost of the display panel and display screen is a critical factor in determining the final cost of electronic devices. As the technology advances, the cost of these components is expected to decrease, making devices with higher-quality displays more affordable. This can lead to increased demand for such devices, thereby impacting the display market.
Size: The size of the display screen is another critical factor that impacts the display market. As the demand for larger screens increases, manufacturers will have to invest in larger display panels, which will impact the pricing and availability of these components.
Application: Different applications have different requirements for display panels and display screens. For example, displays used in medical devices require higher accuracy and clarity, while displays used in outdoor applications need to be durable and have high brightness. As new applications emerge, manufacturers will have to develop display panels and display screens that meet these specific requirements, which will impact the display market.
Growth Opportunities and Key Challenges for display panel in the Future
The display panel market is expected to grow significantly in the future, driven by technological advancements and increasing demand for higher-quality displays in various applications. However, this growth also comes with key challenges that need to be addressed to ensure sustainable growth. Here are some growth opportunities and key challenges for the display panel in the future:
Growth Opportunities:
Advancements in technology: Display panel technology is rapidly advancing, with newer technologies like OLED, MicroLED, and Quantum Dot displays offering significant advantages over traditional LCD displays. The adoption of these newer technologies is expected to drive growth in the display panel market, as more manufacturers adopt them to produce high-quality displays.
Increasing demand in various applications: The demand for display panels is increasing in various applications, including smartphones, tablets, laptops, TVs, automotive displays, and medical devices. This increasing demand is expected to drive growth in the display panel market, as manufacturers strive to meet the demand for high-quality displays.
Emerging markets: Emerging markets, such as Asia Pacific, Latin America, and the Middle East, are expected to provide significant growth opportunities for the display panel market. The increasing adoption of smartphones and other electronic devices in these regions is expected to drive the demand for display panels.
Key Challenges:
Manufacturing challenges: The manufacturing process for display panels is complex and requires specialized equipment and expertise. Manufacturers must invest heavily in R&D to develop new technologies and manufacturing processes to produce high-quality displays efficiently.
Cost pressures: The cost of display panels is a critical factor in determining the final cost of electronic devices. As the demand for higher-quality displays increases, manufacturers may face cost pressures to produce displays at competitive prices.
Environmental concerns: The manufacturing process for display panels requires significant energy consumption, and the disposal of old displays poses environmental concerns. Manufacturers must adopt sustainable practices to minimize the environmental impact of display panel production.
Patent infringement: The display panel market is highly competitive, and patent infringement is a significant challenge faced by manufacturers. As new technologies emerge, manufacturers must ensure that they are not infringing on existing patents.
Market Scope of display screen market
The display screen market is a large and growing market, driven by the increasing demand for electronic devices with high-quality displays. The market scope of the display screen market is broad and includes various types of display screens, applications, and regions. Here are some key aspects of the display screen market scope:
Display screen types: The display screen market includes various types of display screens, including LCD, OLED, MicroLED, Quantum Dot, and others. LCD displays are currently the most widely used type of display screen, but OLED displays are rapidly gaining popularity due to their advantages over LCD displays, including better color accuracy and higher contrast.
Applications: The display screen market includes various applications, such as smartphones, tablets, laptops, TVs, automotive displays, gaming devices, and medical devices. The demand for high-quality displays in these applications is driving the growth of the display screen market.
Regions: The display screen market is a global market, with significant demand from various regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East. Asia Pacific is currently the largest market for display screens, driven by the high demand for electronic devices in the region.
Industry verticals: The display screen market also includes various industry verticals, such as consumer electronics, automotive, healthcare, and gaming. The demand for high-quality displays in these industries is driving the growth of the display screen market.
Size: The size of the display screen is also a critical aspect of the display screen market scope. The demand for larger screens is increasing, driven by the increasing demand for immersive viewing experiences in various applications.
Top Companies in Display panel Market
The display panel market is highly competitive with major players such as Samsung Display, LG Display, BOE Technology, AU Optronics, Japan Display, Sharp, Tianma Microelectronics, Innolux Corporation, Truly International Holdings, and Sharp NEC Display Solutions. These companies produce various types of display panels, including LCD, OLED, and flexible displays, for smartphones, tablets, laptops, TVs, and other applications. The market is expected to continue to grow in the future driven by technological advancements and increasing demand for high-quality displays.
Growth opportunities and latent adjacency in Display Market