The latest report by IMARC Group, titled “Display Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the display market demand. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global display market size reached US$ 165.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 227.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Display Market Trends:
The global market is primarily driven by the increasing demand for high-definition visual experiences in consumer electronics, such as smartphones, tablets, and televisions. In line with this, continual advancements in display technologies, including OLED, micro-LED, and quantum dot, are enhancing display quality, and providing an impetus to the market.
Furthermore, the rising adoption of digital signage in retail, transportation, and hospitality sectors is driving the market demand. Similarly, the proliferation of gaming and augmented reality (AR)/virtual reality (VR) applications necessitates high-performance displays, which is creating lucrative opportunities in the market. Moreover, the ongoing shift towards advanced driver-assistance systems (ADAS) and infotainment systems is facilitating the market demand for sophisticated displays. Apart from this, the continuous innovation in flexible and foldable display technologies is opening new avenues for product development and market penetration.
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Display Market Scope and Growth Analysis:
The scope of the market is extensive, covering a wide range of applications from consumer electronics to industrial and healthcare sectors. The market scope is poised for robust growth driven by the continuous evolution of display technologies and the expanding adoption of high-resolution and energy-efficient displays. Market analysis indicates that the sector is benefitting from the rising demand for innovative display solutions in emerging applications such as wearable devices, smart home products, and autonomous vehicles.
Additionally, the development of advanced manufacturing techniques and materials is reducing production costs and enhancing the scalability of next generation displays. Besides this, strategic collaborations and partnerships between display manufacturers and technology firms are fostering innovation and accelerating market scope. As per market analysis, the increasing utilization of displays in medical devices and healthcare applications contributes to market growth. Furthermore, the increasing consumer preference for immersive and interactive visual experiences is further driving the market reach.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AU Optronics Corp.
- BOE Technology Group Co. Ltd.
- Corning Incorporated
- DuPont de Nemours Inc.
- E Ink Holdings Inc.
- HP Inc.
- Innolux Corporation
- Leyard Optoelectronic
- LG Display Co. Ltd.
- Qisda Corporation
- Samsung Electronics Co. Ltd.
- Seiko Epson Corporation
- Sharp Corporation
- Sony Corporation
Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/top-display-manufacturing-companies
Display Market Segmentation:
Our report has categorized the market based on region, display type, technology, application and industry vertical.
Breakup by Display Type:
- Flat Panel Display
- Flexible Panel Display
- Transparent Panel Display
Breakup by Technology:
- OLED
- Quantum Dot
- LED
- LCD
- E-Paper
- Others
Breakup by Application:
- Smartphone and Tablet
- Smart Wearable
- Television and Digital Signage
- PC and Laptop
- Vehicle Display
- Others
Breakup by Industry Vertical:
- BFSI
- Retail
- Healthcare
- Consumer Electronics
- Military and Defense
- Automotive
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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