Display refers to a technology or a device which shows text and images to the users and is a computer output surface and projecting mechanism. The report focuses on the evolution, growth factors, and current and future market trends of major display technologies and devices covered in the report, which includes LED, OLED, virtual retinal display, quantum dot display, flexible displays, interactive display, 3D display, and screenless display. The rapid increase in the growth of several display technologies such as quantum dots, screenless displays, and so on would drive the growth of the overall display market during the forecast period.
LG Display Co., Ltd. (South Korea) and Samsung Electronics Co., Ltd. (South Korea) are two of the key players in the top display technologies and devices market. LG Display Co., Ltd. has a strong presence in the market; it offers a wide range of display products such as OLED, LED, video wall, interactive displays, flexible displays, and so on, which cater to diverse industry applications. Apart from a wide display devices product portfolio, the company’s strong brand image and diversified customer base are some of the other factors that have helped it gain a significant position in the top display technologies and devices market. Samsung’s strong position in this market can be attributed to its broad portfolio of diverse display products ranging from digital signings to smart hospitality display, LED signage displays, and monitor displays. The other companies operating in the top display technologies and devices market are Innolux Corporation (Taiwan), AU Optronics (Taiwan), Avegant Corporation (U.S.), Microvision, Inc. (U.S.), Human Interface Technology Laboratory (U.S.), QD Vision, Inc. (U.S.), Universal Display Corporation (U.S.), Google, Inc. (U.S.) and Panasonic Corporation (Japan), among others.
Major players have primarily adopted the strategy of new product launches and offerings to strengthen their product portfolio and to expand their offerings to newer clients. For instance, in 2016, Samsung Electronics launched the CFG70 curved gaming monitor, designed specifically for professional gamers, including the enhanced picture quality and player-friendly features for a truly immersive gaming experience. It is the industry’s first curved gaming monitor to feature quantum dot. In the same year, Innolux developed a 5.5-inch WQHD Flexible AMOLED display panel which offers super refined 534 ppi resolution on a curved surface.
The top display technologies and devices market also witnessed various expansions, acquisitions, and agreements by the key players between 2014 and 2016. For instance, in 2016, LG display planned to invest USD 1.75 Billion in a sixth-generation (1,500mm x 1,850mm) flexible OLED display production line (E6) in Paju, South Korea. Also, LG Display acquired the OLED light business of LG Chem Ltd. (South Korea) for USD 136.8 Million. This acquisition helped company in achieving synergies in the OLED business. In 2015, Samsung Electronics acquired YESCO Electronics, LLC, (U.S.) a leading LED sign and display manufacturer. YESCO Electronics was a subsidiary of the Young Electric Sign Company (YESCO), a privately owned custom sign manufacturer.
Top Display Technologies and Devices Market (LED, OLED, Virtual Retinal, Quantum Dot, Flexible Display, Interactive Display, 3D Display and Screenless Display) - Global Forecast to 2022
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