Display Market

Display Market by Product (Smartphone, Wearables, Television, Automotive, Signage), Technology (LCD, OLED (Flexible, Foldable, Rigid), Direct-View LED, Micro-LED), Panel Size (Micro, Small & Medium, Large), Industry, and Geography - Global Forecast to 2024

[227 Pages report] Display Market is expected to witness high growth during the forecast period. The display market is expected to grow from USD 137.7 billion in 2019 to USD 167.7 billion by 2024, at a CAGR of 4.0% from 2019 to 2024. The display industry is witnessing several developments with the commercialization of newer display technologies micro-LED and QD. Various types of display panels, such as micro, rigid, and flexible, can be manufactured utilizing technologies such as organic light-emitting diode (OLED), LED-backlit LCD, direct-view LED, and micro-LED. Growing adoption of OLED displays in smartphones; huge investments toward, along with government support for, construction of new OLED and LCD panel manufacturing facilities; and increasing demand for 4K and 8K displays with the availability of UHD content are the major driving factors for the market’s growth during the forecast period.

Factors like increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles; and rising focus toward technological shift and development of energy-efficient, attractive, and high-end-specification display products are also contributing significantly toward the display panel market’s growth.

Increasing demand for display panels with high resolution, fast response time, and better picture quality is expected to direct the display panel market toward major innovations, and subsequently significant growth. High growth opportunities can be identified in emerging use cases including smart displays, smart mirrors, smart home appliances; emerging display technologies such as micro-LED and true quantum dot; and smart wearable display segments that include AR/VR HMDs and smartwatches. Smartphone, television, and automotive segments are also expected to offer high growth opportunities.

Display Market

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“Smartphones to dominate display panel market (in terms of share) during forecast period”

Smartphones have been dominating the display panel market, with Apple and Samsung dominating the whole smartphone segment. The growth of the display panel market for smartphones will be propelled mainly by OLED and flexible displays during the forecast period. At present, flexible OLED technology-based (highly priced) display panels are being adopted in smartphones at a high rate globally; this trend is expected to continue during the forecast period. The major factors boosting the use of OLED displays in smartphones include energy-efficiency, sunlight readability, vivid color and picture quality, and easier recyclability than LCDs.

“Micro-LED technology to witness highest CAGR during forecast period”

The market for micro-LED displays is expected to grow at the highest CAGR during the forecast period. Micro-LED is an emerging display technology and has the potential to disrupt the LCD and OLED display ecosystem. Increasing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE (AR/VR) devices will be the major factors for the growth of micro-LED technology in the display panel market. Considering current manufacturing capabilities, prototype development, and the involvement of leading players Apple, Samsung, and Sony , micro-LED-based smartwatches and NTE devices may enter the commercial phase in 2019.

“Small-and medium-sized display panels expected to gain share in global market during forecast period”

At present, large-sized display panels are in demand for televisions, PC monitors and laptops, signage and some tablets; therefore, the large-sized display panels account for the largest market share. However, small- and medium-sized display panels are expected to gain share in the global market during the forecast period. The growth in this segment will mainly be driven by high growth of OLED display panels, especially for smartphones.

“APAC to account for highest demand in display panel market during forecast period”

APAC is the leading region in terms of production and consumption of display panels. The region has witnessed significant advancements in the display device market, along with rapid changes in terms of adoption of new technologies. The huge market size in APAC is because of the rapid industrialization, as well as the presence of a large number of OEMs and many consumers in the region. Major companies such as Samsung Electronics and LG Electronics being based in South Korea, and Sony, Sharp, Panasonic, and a few others being based in Japan, contribute significantly to the display panel market’s growth in this region.

Display Market

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Key Market Players

Samsung Electronics Co. Ltd (South Korea); LG Display Co. Ltd. (South Korea); BOE Technology Group Co. Ltd (China); AU Optronics Corp. (Taiwan); Innolux Corp. (Taiwan); Japan Display Inc. (Japan); Sharp Corp. (Sharp, Foxconn) (Japan); China Star Optoelectronics Technology (CSOT, CDOT, TCL) (China); Tianma Microelectronics Co. Ltd. (China); and Truly International Holdings Ltd. (Hong Kong) are the leading players in the display panel market.

Scope of the Report:

Report Metric

Details

Base year

2018

Forecast period

2019–2024

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Samsung Electronics Co. Ltd (South Korea); LG Display Co. Ltd. (South Korea); BOE Technology Group Co. Ltd (China); AU Optronics Corp. (Taiwan); Innolux Corp. (Taiwan); Japan Display Inc. (Japan); Sharp Corp. (Sharp, Foxconn) (Japan); China Star Optoelectronics Technology (CSOT, CDOT, TCL) (China).

BOE is one of the very few companies that have witnessed rapid growth in the display panel market. Its display business revenue grew by ~33% in 2017 (compared to 2016), whereas its R&D investment increased by 66% during that period. The company is focused on market expansion and strategic client cooperation in new application areas such as automobile, retail, industrial, healthcare, and education.

Samsung Display is the leading producer of small- and medium-sized AMOLED displays for smartphones and other devices. In 2017, the company generated approximately USD 30.5 billion in revenue from its display business, 69% of which came from OLED display panels. Samsung has utilized its AMOLED displays in its flagship smartphones, such as the Galaxy lineup, and the company has witnessed high growth in 2017 with Apple’s adoption of AMOLED displays in its smartphones.

Key developments

  • In August 2018, AU Optronics launched the 85-inch 8K4K bezel-less ALCD TV display, which combines bezel-less, next-generation HDR, 120Hz ultra-high refresh rate, and quantum dot wide color gamut technologies to deliver exceptional image quality and appearance.
  • In August 2018, Innolux showcased the world’s first OLED watch (1.39-inch 400*400 P-OLED flexible smartwatch with LTPS process).
  • In August 2018, Tianma announced the commencement of its G6 OLED production line’s operations at Wuhan, China. The production line uses LTPS substrate and has complete core process capability, such as OLED evaporation and packaging. It supports the production of rigid as well as flexible OLEDs.
  • In June 2018, Samsung Electronics introduced “The Wall Professional” at the InfoComm 2018. It is a large-format indoor micro-LED display which can be extended to hundreds of inches and offers brilliant presentation quality.

Key questions addressed by the report:

  • What are the opportunities for display panel manufacturers?
  • How much growth is expected from LCD, OLED, and micro-LED displays in the market and what would be the impact of these display technologies on different products?
  • Who are the major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
  • What can be the potential impact of commercialization of micro-LED and True QD displays?

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Table of Contents

1 Introduction (Page No. - 21)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 43)
    4.1 Attractive Opportunities in Display Panel Market
    4.2 Global Display Panel Market, in Terms of Value, By Product
    4.3 LCD Display Panel Market, in Terms of Volume and Value, By Product
    4.4 OLED Display Panel Market Share, in Terms of Value, By Product
    4.5 Micro-LED Display Panel Market Share, in Terms of Volume and Value, By Product
    4.6 Smartphone Display Panel Market Share, in Terms of Value, By Display Technology
    4.7 Smart Wearable Display Panel Market Share, in Terms of Value, By Display Technology
    4.8 Display Panel Market in APAC, By Country and Product

5 Market Overview (Page No. - 49)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Adoption of OLED Displays in Smartphones and High Demand for Flexible Display Panels
                    5.2.1.2 Huge Investments Toward, Along With Government Support For, Construction of New OLED and LCD Panel Manufacturing Facilities
                    5.2.1.3 Increasing Demand for 4K & 8K Displays With the Availability of Uhd Content
                    5.2.1.4 Growth in Automotive Displays—HUD, Central Stack Display, and Instrument Cluster
                    5.2.1.5 Technological Shift and Development of Energy-Efficient, Attractive, and High-End-Specification Display Product
           5.2.2 Restraints
                    5.2.2.1 Saturated Growth and Declining Shipment of Display Panels for TVS, Tablets, and Monitors
                    5.2.2.2 Deployment of Widescreen Alternatives, Such as Projectors and Screenless Displays
           5.2.3 Opportunities
                    5.2.3.1 Emerging Use Cases—Smart Display, Smart Mirror, Smart Home Appliances
                    5.2.3.2 Emerging Display Technologies—Micro-LED and True Quantum Dot
                    5.2.3.3 Growth in Smart Wearable Display Market—AR/VR HMDS and Smartwatches
                    5.2.3.4 Growing Number of Vendors Adopting OLED Display Panels for Televisions
           5.2.4 Challenges
                    5.2.4.1 Fluctuating Average Selling Price of Display Panels
                    5.2.4.2 Complex Supply Chain and Manufacturing Processes
                    5.2.4.3 High Costs Associated With New Display Technology-Based Products

6 Industry Trends (Page No. - 65)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 R&D
           6.2.2 Manufacturing
           6.2.3 Assembly and Integration
           6.2.4 Input Suppliers
    6.3 Emerging Display Technologies
           6.3.1 Technology Comparison: LCD vs OLED vs Micro-LED
           6.3.2 Commercialization Potential and Impact of Micro-LED
           6.3.3 Quantum Dot
                    6.3.3.1 Quantum Dot Enhancement Film (QCEF)
                    6.3.3.2 Quantum Dot Color Filter (QDCF)
                    6.3.3.3 True Quantum Dot
           6.3.4 Display Backplane—A-Si, LTPS, Igzo
    6.4 Key Trends
           6.4.1 Flexible and Foldable Displays
           6.4.2 Microdisplay
    6.5 Emerging Use-Cases
           6.5.1 Smart Mirror
           6.5.2 Smart Home Display (Voice-Controlled Display)
                    6.5.2.1 Voice-Controlled/Assistant Smart Display
                    6.5.2.2 Smart Home Appliance Display

7 Display Panel Market, By Product (Page No. - 73)
    7.1 Introduction
    7.2 Smartphone
           7.2.1 OLED Displays to Dominate Smartphone Segment During Forecast Period
    7.3 Television
           7.3.1 LCD Displays to Continue Occupying Major Share of Television Segment During Forecast Period
    7.4 PC Monitor & Laptop
           7.4.1 PC Monitor & Laptop Segment to Witness Declined Growth During Forecast Period
    7.5 Large Format/Professional Display (Digital Signage)
           7.5.1 Direct-View LED Displays to Dominate Large Format Display Segment During Forecast Period
    7.6 Automotive Display
           7.6.1 Head-Up Display (HUD)
                    7.6.1.1 Newer Technologies—Oled and Micro-LED—To Witness Higher Growth in HUD Segment During Forecast Period
           7.6.2 Central Stack Display
                    7.6.2.1 LCD Technology to Occupy Major Share of Central Stack Display Segment During Forecast Period
           7.6.3 Instrument Cluster
                    7.6.3.1 Digital Instrument Clusters Rapidly Replacing Analog Ones in Premium Automotive Segment
    7.7 Tablet
           7.7.1 Display Panel Demand for Tablets Expected to Decline During Forecast Period
    7.8 Smart Wearables
           7.8.1 Smartwatch
                    7.8.1.1 OLED Displays to Continue Dominating Smartwatch Segment During Forecast Period
           7.8.2 AR HMD
                    7.8.2.1 Micro-LED to Emerge as Disruptive Display Technology in AR-HMD Segment During Forecast Period
           7.8.3 VR HMD
                    7.8.3.1 Direct-View Display-Based VR HMDS
                    7.8.3.2 Microdisplay-Based VR HMDS
    7.9 Others
           7.9.1 Emerging Use-Cases Like Smart Home Displays and Smart Mirrors to Drive Market in Other Product Segment During Forecast Period

8 Display Panel Market, By Display Technology (Page No. - 105)
    8.1 Introduction
    8.2 LCD
           8.2.1 LED-LCD
                    8.2.1.1 Smart Wearables Segment to Witness Highest CAGR in LCD Display Panel Market During Forecast Period
           8.2.2 QD-LCD (QDEF-LCD)
                    8.2.2.1 Television Segment is Defining the QD-LCD Market Segment
    8.3 OLED
           8.3.1 Flexible & Foldable
                    8.3.1.1 Smartphones and Smart Wearables to Define Growth of Flexible OLED Display Market
           8.3.2 Rigid
                    8.3.2.1 Major Adoption of Rigid Panels Expected in Television, Automotive, and Monitor Devices During Forecast Period
    8.4 Micro-LED
           8.4.1 Micro-LED Display Panel Shipment to Surge Rapidly 2020 Onwards
    8.5 Direct-View LED
           8.5.1 Direct-View Fine-Pixel LED
                    8.5.1.1 With Falling Prices, Fine-Pixel LED Displays to Witness Rapid Growth During Forecast Period
           8.5.2 Direct-View Large-Pixel LED
                    8.5.2.1 Large-Pixel LED Displays Expected to Find Major Applications in Outdoor Environment
    8.6 Others
           8.6.1 APAC to Dominate Display Panel Market for Other Technologies, in Terms of Size, During Forecast Period

9 Display Panel Market, By Panel Size (Page No. - 131)
    9.1 Introduction
    9.2 Microdisplays
           9.2.1 Micro-LED Displays to Define Microdisplay Market During Forecast Period
    9.3 Small- & Medium-Sized Panels
           9.3.1 OLED to Emerge as Leading Display Technology in Small- and Medium-Sized Segment By 2024
    9.4 Large-Sized Panels
           9.4.1 LCD Displays Expected to Continue Dominating Large-Sized Display Panel Segment During Forecast Period

10 Display Panel Market, By Industry (Page No. - 139)
     10.1 Introduction
     10.2 Consumer
             10.2.1 Comsumer Segment to Dominate Market During Forecast Period
     10.3 Automotive
             10.3.1 Display Panel Market to Witness High Growth in Automotive Industry During Forecast Period
     10.4 Sports & Entertainment
             10.4.1 Rapid Penetration of AR/VR HMDS Into Sports and Entertainment Industry Would Be Major Growth Driver During Forecast Period
     10.5 Transportation
             10.5.1 Large Format Displays to Lead Display Panel Market in Transportation Industry
     10.6 Retail, Hospitality, and BFSI
             10.6.1 Digital Signage to Lead Display Panel Market in Retail, Hospitality, and BFSI Industries
     10.7 Industrial & Enterprise
             10.7.1 Increasing Adoption of AR/VR-HMDS to Drive Market’s Growth in Industrial and Enterprise Industries
     10.8 Education
             10.8.1 High Demand for Devices—Lfds and AR/VR HMDS—To Drive Market in Education Industry
     10.9 Healthcare
             10.9.1 Display Panel Demand for Medical Devices and Equipment to Surge During Forecast Period
     10.10 Military, Defense, and Aerospace
             10.10.1 HUD, AR & VR HMDS, and Rugged Display Devices to Drive Market’s Growth in Military, Defense, and Aerospace Industries
     10.11 Others
             10.11.1 HMD to Lead Display Panel Market in Other Industry

11 Geographic Analysis (Page No. - 147)
     11.1 Introduction
     11.2 APAC
             11.2.1 South Korea
                        11.2.1.1 South Korea to Account for Major OLED Display Panel Demand During Forecast Period
             11.2.2 China
                        11.2.2.1 China to Command Display Panel Market in APAC During Forecast Period
             11.2.3 Japan
                        11.2.3.1 High Demand of Display Panels in Automotive and HMD Expected in Japan During Forecast Period
             11.2.4 Taiwan
                        11.2.4.1 Display Panel Production in Taiwan to Surge During Forecast Period
             11.2.5 Rest of APAC
                        11.2.5.1 Display Panel Demand Expected to Increase Rapidly in India, Hong Kong, Singapore, Malaysia, and Thailand During Forecast Period
     11.3 North America
             11.3.1 US
                        11.3.1.1 US Market to Witness High Panel Demand in Smartphone, Television, and Automotive Segments During Forecast Period
             11.3.2 Canada and Mexico
                        11.3.2.1 Consumer, Automotive, Retail, Medical, and Industrial Sectors to Be Major Users of Display-Based Devices in Canada and Mexico
     11.4 Europe
             11.4.1 Germany
                        11.4.1.1 Germany to Lead Display Panel Market in Europe During Forecast Period
             11.4.2 France
                        11.4.2.1 French Display Panel Market to Witness Growth in Signage, AR/VR, and HUD Segments
             11.4.3 UK
                        11.4.3.1 UK to Witness Increased Demand for Display Panels During Forecast Period
             11.4.4 Rest of Europe
                        11.4.4.1 Market in Rest of Europe Expected to Grow on Back of Consumer, Automotive, and Sports and Entertainment Industries
     11.5 Rest of the World (RoW)
             11.5.1 High Growth Opportunities Expected in RoW in Signage Applications During Forecast Period

12 Competitive Landscape (Page No. - 171)
     12.1 Overview
     12.2 Player Share Analysis: Display Panel Market
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Competitive Benchmarking: Display Panel Market
             12.4.1 Strength of Product Portfolio (25 Companies)
             12.4.2 Business Strategy Excellence (25 Companies)
     12.5 Competitive Situations and Trends
             12.5.1 Product Launches and Developments
             12.5.2 Expansion
             12.5.3 Agreements, Partnerships, Collaborations, & Joint Ventures
             12.5.4 Mergers & Acquisitions

13 Company Profiles (Page No. - 184)
     13.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.2 Key Players
             13.2.1 Samsung Electronics
             13.2.2 LG Display
             13.2.3 BOE Technology
             13.2.4 AU Optronics (AUO)
             13.2.5 Innolux Corporation
             13.2.6 Japan Display (JDI)
             13.2.7 Sharp (Foxconn)
             13.2.8 China Star Optoelectronics Technology (CSOT) (CDOT) (TCL)
             13.2.9 Tianma Microelectronics
             13.2.10 Truly International
     13.3 Other Players
             13.3.1 Chunghwa Picture Tubes (CPT) (Tatung)
             13.3.2 Hannstar Display
             13.3.3 CEC Panda
             13.3.4 BOE Varitronix
     13.4 Key Innovators
             13.4.1 Apple (Luxvue)
             13.4.2 Sony
             13.4.3 E Ink Holdings
             13.4.4 Universal Display Corp. (UDC)
             13.4.5 Joled
             13.4.6 Emagin Corporation
             13.4.7 Kopin Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 222)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customization
     14.4 Related Reports
     14.5 Author Details


List of Tables (69 Tables)

Table 1 LCD and OLED Fab Construction Roadmap in China
Table 2 Display Technology Comparison
Table 3 Microdisplay Technology Comparison
Table 4 Leading Players and Respective Voice-Controlled Smart Display Devices, 2018
Table 5 Display Panel Market, By Product, 2015–2024 (Million Units)
Table 6 Display Market, By Product, 2015–2024 (USD Billion)
Table 7 Smartphone Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 8 Smartphone Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 9 Television Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 10 Television Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 11 PC Monitor & Laptop Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 12 PC Monitor & Laptop Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 13 Large Format Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 14 Large Format Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 15 Automotive Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 16 Automotive Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 17 Automotive Display Panel Market, By Display Type, 2015–2024 (USD Billion)
Table 18 Automotive HUD Panel Market, By Display Technology, 2015–2024 (USD Million)
Table 19 Automotive Central Stack Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 20 Automotive Instrument Cluster Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 21 Tablet Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 22 Tablet Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 23 Smart Wearable Display Panel Market, By Display Technology, 2015–2024 (USD Million)
Table 24 Smart Werables Display Panel Market, By Geography, 2015–2024 (USD Million)
Table 25 Smart Wearables Display Panel Market, By Wearable Type, 2015–2024 (USD Million)
Table 26 Smartwatch Display Panel Market, By Display Technology, 2015–2024 (USD Million)
Table 27 AR HMD Display Panel Market, By Display Technology, 2015–2024 (USD Million)
Table 28 VR HMD Display Panel Market, By Display Type, 2015 –2024 (USD Million)
Table 29 Direct-View Display Panel Market for VR HMD, By Display Technology, 2015–2024 (USD Million)
Table 30 Microdisplay Panel Market for VR HMD, By Display Technology, 2015–2024 (USD Million)
Table 31 Display Panel Market for Other Products, By Display Technology, 2015–2024 (USD Billion)
Table 32 Display Market for Other Products, By Geography, 2015–2024 (USD Billion)
Table 33 Display Market, By Display Technology, 2015–2024 (USD Billion)
Table 34 LCD Display Panel Market, By Product, 2015–2024 (Million Units)
Table 35 LCD Display Panel Market, By Product, 2015–2024 (USD Billion)
Table 36 LCD Display Panel Market, By Smart Wearables, 2015–2024 (USD Million)
Table 37 LCD Display Panel Market, By Panel Size, 2015–2024 (USD Billion)
Table 38 LCD Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 39 OLED Display Panel Market, By Product, 2015–2024 (Million Units)
Table 40 OLED Display Panel Market, By Product, 2015–2024 (USD Billion)
Table 41 OLED Display Panel Market, By Smart Wearables, 2015–2024 (USD Million)
Table 42 OLED Display Panel Market, By Panel Size, 2015–2024 (USD Billion)
Table 43 OLED Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 44 OLED Display Panel Market, By Panel Type, 2015–2024 (USD Billion)
Table 45 Micro-LED Display Panel Market, By Product, 2015–2024 (Million Units)
Table 46 Micro-LED Display Panel Market, By Product, 2015–2024 (USD Billion)
Table 47 Micro-LED Display Panel Market, By Smart Wearables, 2015–2024 (USD Million)
Table 48 Micro-LED Display Panel Market, By Panel Size, 2015–2024 (USD Billion)
Table 49 Micro-LED Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 50 Direct-View LED Display Panel Market, By Geography, 2015–2024 (USD Billion)
Table 51 Display Panel Market for Other Technologies, By Geography, 2015–2024 (USD Billion)
Table 52 Display Panel Market, By Panel Size, 2015–2024 (USD Billion)
Table 53 Microdisplay Market, By Display Technology, 2015–2024 (USD Million)
Table 54 Small- & Medium-Sized Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 55 Large-Sized Display Panel Market, By Display Technology, 2015–2024 (USD Billion)
Table 56 Display Panel Market, By Industry, 2015–2024 (USD Billion)
Table 57 Display Market, By Region, 2015–2024 (USD Billion)
Table 58 Display Panel Market in APAC, By Display Technology, 2015–2024 (USD Billion)
Table 59 Display Market in APAC, By Product, 2015–2024 (USD Billion)
Table 60 Display Panel Market in APAC, By Country, 2015–2024 (USD Billion)
Table 61 Display Market in North America, By Display Technology, 2015–2024 (USD Billion)
Table 62 Display Panel Market in North America, By Product, 2015–2024 (USD Billion)
Table 63 Display Panel Market in North America, By Country, 2015–2024 (USD Billion)
Table 64 Display Market in Europe, By Display Technology, 2015–2024 (USD Billion)
Table 65 Display Panel Market in Europe, By Product, 2015–2024 (USD Billion)
Table 66 Display Panel Market in Europe, By Country, 2015–2024 (USD Billion)
Table 67 Display Market in RoW, By Display Technology, 2015–2024 (USD Million)
Table 68 Display Panel Market in RoW, By Product, 2015–2024 (USD Million)
Table 69 Competitive Leadership Mapping: Evaluation Parameters and Respective Weightage


List of Figures (98 Figures)

Figure 1 Market Segmentation
Figure 2 Display Panel Market: Process Flow of Market Size Estimation
Figure 3 Display Market: Research Design
Figure 4 Bottom-Up Approach to Arrive at Market Size
Figure 5 Top-Down Approach to Arrive at Market Size
Figure 6 Data Triangulation
Figure 7 Assumptions of Research Study
Figure 8 Global Display Panel Market, 2015–2024 (USD Billion)
Figure 9 LCD Displays to Account for Largest Size of Display Panel Market During Forecast Period
Figure 10 Smartphone Segment to Dominate Global Display Market, in Terms of Size, During Forecast Period
Figure 11 Television Segment to Dominate LCD Display Panel Market, in Terms of Size, During Forecast Period
Figure 12 OLED Display Panels to Witness High Demand From Smartphone Segment During Forecast Period
Figure 13 Demand for Micro-LED Display Panels Expected to Surge 2020 Onwards
Figure 14 Microdisplay Panels Expected to Witness Highest CAGR During Forecast Period
Figure 15 APAC to Dominate Display Market During Forecast Period
Figure 16 China to Witness Highest CAGR in Display Panel Market During Forecast Period
Figure 17 OLED and Micro-LED Displays to Define Display Panel Market Growth During Forecast Period
Figure 18 OLED and Micro-LED Displays to Gain Significant Share of Global Display Panel Market By 2024
Figure 19 Global Display Panel Market Outlook
Figure 20 Smart Wearables, Lfd, Smartphone, and Automotive Display Segments to Provide High-Growth Opportunities During Forecast Period
Figure 21 Demand for LCD Display Panels Likely to Decline During Forecast Period
Figure 22 LCD Display Market Size, in Terms of Value, to Decrease During Forecast Period
Figure 23 Smartphone Segment to Continue to Account for Largest Share of OLED Display Panel Market During Forecast Period
Figure 24 Micro-LED Display Panels to Be Largely Shipped for Smartphones and Smart Wearables By 2024
Figure 25 Smartphone Segment to Account for Largest Share of Micro-LED Display Panel Market, in Terms of Value, By 2024
Figure 26 OLED Displays to Capture Major Share of Smartphone Display Panel Market By 2024
Figure 27 OLED Displays to Hold Significantly Large Share of Smart Wearable Display Panel Market During Forecast Period
Figure 28 Smartphone Among Products and South Korea Among Countries Held Major Share of Display Panel Market in APAC in 2018
Figure 29 Drivers, Restraints, Opportunities, and Challenges for Display Market
Figure 30 OLED Panel Shipment for Smartphones and Televisions, 2015–2024
Figure 31 OLED Display Panel Market, Flexible vs Rigid vs Foldable, 2015–2024 (USD Billion)
Figure 32 Shipment of 4K TV Forecasted to Grow Rapidly in Next 2 Years
Figure 33 Shipment of 8K TV Expected to Surge 2018 Onwards
Figure 34 ADAS Share in Global Sales of Light Vehicles, By Automation Level, 2017–2050
Figure 35 Automotive Display System Market to Double in Next 4 Years
Figure 36 Saturated Growth and Declining Shipment of Display Devices
Figure 37 Micro-LED Display Panel Market, 2017-2025 (USD Billion)
Figure 38 Micro-LED Ecosystem: Revenue Impact on Key Players in Supply Chain
Figure 39 Smart Wearable Display Panel Market, By Display Technology, 2017 vs 2019 vs 2024 (USD Billion)
Figure 40 Smart Wearable Display Panel Market, By Product Type, 2017 vs 2019 vs 2024 (USD Billion)
Figure 41 Display Panel Market: Value Chain Analysis
Figure 42 Display Market Segmentation, By Product
Figure 43 Smartphone Segment to Dominate Global Display Panel Market, in Terms of Size, During Forecast Period
Figure 44 OLED Displays to Dominate Smartphone Segment, in Terms of Size, During Forecast Period
Figure 45 APAC to Dominate Smartphone Segment During Forecast Period
Figure 46 LCD Displays to Dominate Television Segment, in Terms of Size, During Forecast Period
Figure 47 North America to Witness Highest Growth in Display Panel Market for Television Segment During Forecast Period
Figure 48 PC Monitor & Laptop Display Panel Market to Witness Declined Growth Across All Regions During Forecast Period
Figure 49 Direct-View LED Displays to Dominate Large Format Display Segment, in Terms of Size, During Forecast Period
Figure 50 APAC to Dominate Display Panel Market for Large Format Display Segment During Forecast Period
Figure 51 LCD Displays to Dominate Automotive Segment, in Terms of Size, During Forecast Period
Figure 52 APAC to Dominate Display Market for Automotive Segment During Forecast Period
Figure 53 Automotive Display Panel Market to Witness Highest Growth in HUD Segment During Forecast Period
Figure 54 OLED Displays to Dominate Smart Wearables Segment, in Terms of Size, During Forecast Period
Figure 55 Smart Wearables Display Panel Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 56 AR HMD Subsegment to Grow at Highest CAGR in Smart Wearables Display Panel Market During Forecast Period
Figure 57 Micro-LED Displays to Dominate AR HMD Segment During Forecast Period
Figure 58 Display Market Segmentation, By Display Technology
Figure 59 LCD Displays to Dominate Global Display Panel Market, in Terms of Size, During Forecast Period
Figure 60 Smartphones to Be Dominating Product Segment, in Terms of Shipment, in LCD Display Panel Market During Forecast Period
Figure 61 Television Segment to Dominate LCD Display Panel Market, in Terms of Size, During Forecast Period
Figure 62 APAC to Dominate LCD Display Panel Market During Forecast Period
Figure 63 Smartphone Segment to Dominate OLED Display Panel Market, in Terms of Size, During Forecast Period
Figure 64 APAC to Dominate OLED Display Panel Market, in Terms of Size, During Forecast Period
Figure 65 Micro-LED Display Panel Shipment to Surge Rapdily 2020 Onwards
Figure 66 APAC to Dominate Micro-LED Display Panel Market During Forecast Period
Figure 67 APAC to Dominate Direct-View LED Display Panel Market During Forecast Period
Figure 68 APAC to Dominate Display Market for Other Technologies During Forecast Period
Figure 69 Display Market Segmentation, By Panel Size
Figure 70 Small- and Medium-Sized Display Panels to Gain Market Share During Forecast Period
Figure 71 Micro-LED Based Microdisplays to Grow at Highest CAGR During Forecast Period
Figure 72 OLED to Emerge as Leading Display Technology in Small- and Medium-Sized Segment By 2024
Figure 73 LCD to Dominate Large-Sized Display Panel Market, in Terms of Size, During Forecast Period
Figure 74 Display Market Segmentation, By Industry
Figure 75 Consumer Segment to Dominate Display Panel Market, in Terms of Size, During Forecast Period
Figure 76 Display Panel Market, By Region
Figure 77 Geographic Snapshot of Global Display Market
Figure 78 Market in China Expected to Grow at Highest CAGR During Forecast Period
Figure 79 APAC to Dominate Display Panel Market During Forecast Period
Figure 80 APAC: Display Panel Market Snapshot
Figure 81 LCD Displays to Dominate Display Panel Market in APAC, in Terms of Size, During Forecast Period
Figure 82 China to Command Display Panel Market in APAC During Forecast Period
Figure 83 North America: Display Panel Market Snapshot
Figure 84 North America to Witness Decreasing Demand for LCD Panels During Forecast Period
Figure 85 Europe: Display Market Snapshot
Figure 86 Germany to Lead Display Panel Market in Europe During Forecast Period
Figure 87 Key Developments By Leading Players in the Market Between 2015 and 2018
Figure 88 Key Player Market Share: Display Panel Market, 2017 vs 2018
Figure 89 Display Panel Market: Competitive Leadership Mapping, 2018
Figure 90 Samsung Electronics: Company Snapshot
Figure 91 LG Display: Company Snapshot
Figure 92 BOE Technology: Company Snapshot
Figure 93 AU Optronics: Company Snapshot
Figure 94 Innolux Corporation: Company Snapshot
Figure 95 Japan Display: Company Snapshot
Figure 96 Sharp: Company Snapshot
Figure 97 Tianma Microelecetronics: Company Snapshot
Figure 98 Truly International: Company Snapshot

The study involved 4 major activities for estimating the size of the display panel market. Exhaustive secondary research was done to collect information on the market, including its peer markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations (such as Consumer Technology Association (CES), Integrated Systems Europe, Camera & Imaging Products Association (CIPA)); white papers, display-based–marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.

Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, the total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the display panel market.

After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate critical market numbers.

Primary research has also been conducted to identify segmentation types and key players, as well as analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. During market engineering, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report.

Display Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed during market engineering to list key information/insights.

Major players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. This involved studying the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives

  • To define, estimate, and forecast the display panel market, in terms of value, segmented on the basis of product, display technology, panel size, and industry
  • To estimate and forecast the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To estimate and forecast the display panel market, in terms of volume, segmented on the basis of product and display technology.
  • To analyze the emerging applications/use-cases and emerging display technologies in display panel market
  • To analyze panel manufacturers, their production capabilities, new production fab construction plans, and impacting factors in display panel market
  • To analyze the display ecosystem/supply chain comprising of material & component supplier, driver IC supplier, manufacturing equipment supplier, panel manufacturer, and brand product manufacturers
  • To provide detailed information regarding the major factors (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 total market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
  • 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 the key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive landscape for the market leaders

Report Scope

Report Metric

Details

Market Size Available for Years

2015–2024

Base Year Considered

2018

Forecast Period

2019–2024 

Forecast Units

Million Units, Billion Units
USD Billion, USD Million

Segments Covered

Product, Display Technology, Panel Size, Industry

Regions Covered

APAC, North America, Europe, and RoW

Companies Covered

Samsung Electronics Co. Ltd (South Korea); LG Display Co. Ltd. (South Korea); BOE Technology Group Co. Ltd (China); AU Optronics Corp. (Taiwan); Innolux Corp. (Taiwan); Japan Display Inc. (Japan); Sharp Corp. (Sharp, Foxconn) (Japan); China Star Optoelectronics Technology (CSOT, CDOT, TCL) (China); Tianma Microelectronics Co. Ltd. (China); and Truly International Holdings Ltd. (Hong Kong)

Display Panel Market Segmentation:

In this report, the display panel market has been segmented into the following categories:

Display Panel Market, by Product:

  • Smartphone
  • Television
  • PC Monitor & Laptop
  • Large Format Display
  • Automotive Display
    • HUD
    • Central Stack Display
    • Instrument Cluster
  • Tablet
  • Smart Wearables
    • Smartwatch
    • AR HMD
    • VR HMD
  • Others (e-readers, gaming consoles, smart mirrors, home appliances, cameras and EVFs, photo frames, medical devices, industrial displays, and projectors)

Display Panel Market, by Technology:

  • Introduction
  • LCD
    • LED-LCD
    • QD-LCD (QDEF-LCD)
  • OLED
    • Flexible & Foldable
    • Rigid
  • Micro-LED
  • Direct-View LED
    • Fine-Pixel
    • Large-Pixel
  • Others

Display Panel Market, by Panel Size:

  • Microdisplays
  • Small-& Medium-Sized Panels
  • Large-Sized Panels

Display Market, by Industry:

  • Consumer
  • Automotive
  • Sports & Entertainment
  • Transportation
  • Retail, Hospitality, & BFSI
  • Industrial & Enterprise
  • Education
  • Healthcare
  • Military, Defense, and Aerospace
  • Others (Telecommunications, Agriculture, and Construction)

Display Panel Market, by Geography:

  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Taiwan
    • Rest of APAC
  • North America
    • US
    • Canada & Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Rest of the World (RoW)

Available Customization

With the given market data, MarketsandMarkets offers customizations according to companies’ specific needs. The following customization options are available for the report.

  • Detailed analysis and profiling of additional market players (up to 5)
  • Company-product-technology-specifications mapping analysis
  • Detailed analysis of the impact of micro-LED display technology on the global display panel market
  • Detailed analysis of major contracts/funding/other relevant activities in the market
Report Code
SE 3387
Published ON
Jan, 2019
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