Worldwide Display Market 2024 Analysis & Forecast Report
The “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” report presents an in-depth assessment of the Display including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2019 till 2024.
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The Display Panel Market is expected to grow from US$ 137.7 Billion in 2019 to US$ 167.7 Billion by 2024, at a CAGR of 4.0% from 2019 to 2024. Growing adoption of OLED displays in smart phones; 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.
The Display Panel Market for microdisplay panels is expected to grow at the highest CAGR during the forecast period. Micro displays are incorporated into various products such as HMDs, cameras/EVFs, projectors, and automotive HUDs. The increasing use of AR glasses in industrial and enterprise industries for providing on-the-job training to field workers, warehouse management, and maintenance and inspection activities creates significant demand for HMDs.
APAC accounted for the major share of the global display panel market in 2018, and a similar trend is expected to continue during the forecast period. APAC’s dominance in the global display panel market is due to the presence of the majority of display panel manufacturers (such as Samsung Display, LG Display, AU Optronics, Japan Display, and Sharp) in counties such as South Korea, China, Taiwan, and Japan.
Top Key Players in the “Display Market” include are
- 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)
- Truly International Holdings Ltd. (Hong Kong)
The Study Objectives of this report are:
- 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 industry, in terms of volume, segmented on the basis of product and display technology.
- 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 strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total 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
- To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
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Research Coverage:
The report defines, describes, and forecasts the display panel market on the basis of product, display technology, panel size, industry, and geography. It provides detailed information regarding the major factors influencing the growth of the display panel market (drivers, restraints, opportunities, and challenges). It also analyzes the competitive developments—such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches—carried out by key players to grow in the market.
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