COVID-19 Impact on Display Panel Market

Market Leadership - COVID-19 Impact on Display Panel Market

Post-COVID-19, the global display panel market is projected to grow from USD 107.0 billion in 2020 to USD 152.0 billion by 2025, at a CAGR of 7.3%. The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.

Factors that drive the growth of the post-COVID-19 display panel market include growing acceptance of the work-from-home norm, rising focus of regional financial institutions to design fiscal policies for keeping the display market floating during the COVID-19 crisis, shifting manufacturing units to less affected regions, increasing demand for 4K and 8K displays with the availability of UHD content, surging adoption of OLED displays in smartphones and rising demand for flexible display panels, increasing investments for the construction of new OLED and LCD panel manufacturing facilities. Similarly, the growing automotive display industry and growing focus on the development of energy-efficient, attractive, and high-end-specification display products using advanced technologies such as OLED and AMOLED are some other critical reasons for the accelerated growth of the display panel market.

Samsung Display; LG Display; BOE Technology Group Co. Ltd.; AU Optronics Corp.; Innolux Corp.; Japan Display Inc.; Sharp Corp.; China Star Optoelectronics Technology; Tianma Microelectronics Co. Ltd.; and Truly International Holdings Ltd. are a few of the dominating players in the global display panel market. Other companies involved in the development of display panels include Chunghwa Picture Tubes Ltd.; HannStar Display Corporation; Chengdu Panda Display Technology Co. Ltd; BOE Varitronix Limited; eMagin Corporation; and Kopin Corporation, Apple Inc.; Sony Corporation; E Ink Holdings Inc.; Universal Display Corporation; and JOLED Inc.

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

Samsung Display

Established in 1969 and headquartered in Seoul, South Korea, Samsung is one of the largest conglomerates in the world. The company operates through product-based business segments: Consumer Electronics, IT & Mobile Communications, and Device Solutions—Semiconductor, Device Solutions—Display Panel and Harman. The Consumer Electronics division includes products such as TVs, monitors, printers, air conditioners, refrigerators, washing machines, and medical equipment. The IT & Mobile Communications division includes products such as handheld phones, network systems, computers, and digital cameras. The Device Solutions division comprises semiconductor and display panels (DP) business subsegments; the Semiconductor subsegments includes products such as memory, foundry, and system LSI (Large-scale Integration). The Display Panel subdivision designs and manufactures LED-LCD, QD-LCD, and OLED display panels. The Harman division offers connected car systems, audio and visual products, enterprise automation solutions, and related services.

Samsung Display (a subsidiary of Samsung Electronics) is primarily focused on developing display panels. The company has maintained its leading position among global display panel manufacturers and provides a wide variety of display panel products for applications such as smartphones and TVs. The company’s Display Panel division is engaged in the production of TFT-LCD and OLED panels for TVs, monitors, notebook PCs, mobile devices, and other smart display devices. The group has a widespread geographic presence in countries such as the US, Canada, Korea, and India and comprises 272 subsidiaries.

LG Display

Incorporated in 1985 and headquartered in Seoul, South Korea, LG Display is a part of LG Electronics. The company manufactures display panels for televisions, desktop monitors, notebook computers, tablet computers, mobiles, and other applications (industrial solutions, entertainment systems, automobiles, portable navigation devices, medical diagnostic equipment, etc.).

LG Display has expanded its manufacturing capabilities in recent years by installing new manufacturing plants for LCD and OLED panels. The company offers a wide range of display panels for devices such as television sets, smartphones, tablets, and notebooks, desktops, automobiles, and smart wearables.

BOE Technology

Founded in 1993 and headquartered in Beijing, China, BOE Technology Group is one of the fastest-growing display panel manufacturers (TFT-LCD and OLED) in terms of revenue growth and production capacity. BOE’s core businesses include display devices, intelligent systems, and healthcare services. The company is engaged in the development, production, and marketing of TFT-LCD and OLED display products. It manufactures display screens for smartphones; tablets and laptops; TVs; automobiles; wearable devices; industrial control, medical care, and educational equipment, etc.

BOE has manufacturing facilities located in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou, Ordos, and Gu’an. BOE has marketing and R&D centers in 19 countries, such as the United States, Germany, the United Kingdom, France, Switzerland, Japan, South Korea, Singapore, India, Russia, Brazil, and Dubai. BOE also boasts of an extensive marketing and service network that spans major markets in Europe, North America, and Asia.

Related Reports:

COVID-19 Impact on Display Panel Market by Product (PC Monitors, Tablets, Smartphones, Wearables, Automotive Displays, TVs, and Large Screen), Industry, and Region - Global Forecast to 2025

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 7673
RI Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the COVID-19 Impact on Display Panel Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2021 MarketsandMarkets Research Private Ltd. All rights reserved