Display Market to reach USD 218.88 Bn by 2030, growing at a CAGR of 3.8 percent and forecast (2024-2030)

May 22 07:02 2024
Display Market to reach USD 218.88 Bn by 2030, growing at a CAGR of 3.8 percent and forecast (2024-2030)
Display Market
Display Market is segmented into Display Product Type, Panel Size, Technology, Application, Industry Vertical and Region. The Bottom-Up Approach Was Used for the Estimation of the Display Market Size.

Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Display Market”. The total global market size for the “Display Market” was valued at USD 168.59 Bn in 2023 and is expected to grow at a CAGR of 3.8 percent over the forecast period to reach USD 218.88 Bn by 2030.

Market Size in 2023: USD 168.59 Billion

Market Size in 2030: USD 218.88 Billion

CAGR: 3.8 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 221

No. of Tables: 135

No. of Charts and Figures: 197

Segment Covered: By Product Type, Panel Size, Technology, Application, and Industry Vertical

Regional Scope: North America, Europe, Asia Pacific, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs

Display Market Report Scope and Research Methodology

The report covers the regional and country-level analysis of the Display Market. The report provides the market size and CAGR. The report provides market dynamics including market size, value, volume, revenue, sales, and other key factors related to the Market. The report presents a comprehensive overview, of the Display Market shares, drivers, restraints, and growth opportunities of the market. Every segment of the industry is evaluated based on growth rate and share of the market. The key market players by region, along with their revenue, financial status, and technical developments, are analyzed to understand the market’s competitive landscape. The bottom-up approach was used to estimate the Display Market size.

Display Market Overview

The display market is driven by advancements in technology, a rise in demand for high-resolution screens, and the proliferation of devices such as smartphones, TVs, and monitors. Key trends include the rise of OLED, MicroLED, and flexible displays, with significant growth in consumer electronics, automotive, and healthcare sectors enhancing the market dynamics.

Display Market Dynamics

The automotive industry’s adoption of IoT-enabled displays for enhanced infotainment and navigation systems, alongside 5G technology, is driving the need for high-quality, responsive screens. This trend necessitates sophisticated, flexible, durable, and high-performance displays, bolstering market growth. Innovative advertising is creating lucrative opportunities for the display market growth. Digital signage, interactive screens, and smart displays enable dynamic, real-time content delivery, enhancing customer engagement, especially in retail. The integration of AI and IoT technologies in smart displays offers targeted advertising based on consumer behavior, maximizing marketing impact. The rise of foldable displays in devices like tablets and smartphones showcases flexible OLED technology, with companies like Samsung and LG leading mass production. However, supply chain disruptions, particularly due to COVID-19, have impacted display manufacturing and supply, especially in China.

Display Market Regional Insight

In 2023, Asia-Pacific led the global display market due to significant R&D efforts and advancing automated embedded device technology. This growth drives the adoption of displays in the healthcare, automotive, industrial, and defense sectors. The region’s market is bolstered by numerous end device manufacturers, particularly in China, India, and Japan, with expanding use in wearables, smartphones, digital signage, medical, and automotive sectors. Factors such as growing display panel production, rapid OLED adoption, and low labor costs enhance market growth, especially in China, India, and South Korea.

Display Market Segmentation

By Product Type:

  • Flexible panel display
  • Transparent panel display
  • Flat panel display

Based on the Product Type, the flexible panel display segment is to dominate the market throughout the forecast period

In 2023, the flexible panel display segment led the market. Innovations in flexible displays increased OLED demand, and touch-based gadget popularity drives the market. High costs of advanced technologies and slow growth in desktops, laptops, and tablets constrain it. Despite this, new flexible display applications offer growth opportunities, especially in smartphones and smart wearables. The rising shipments of high-end flexible OLED displays and the adoption of AR/VR technology are expected to fuel market growth.

By Panel Size:

  • Small Sized Panel
  • Medium-Sized Panel

By Technology:

  • OLED
  • Quantum DOT
  • LED
  • LCD
  • E-Paper
  • Others

Based on the Technology, the LCD segment is to dominate the market during the forecast period

While LCD technology has long been dominant in various settings, LED technology is expected to surge due to energy efficiency and advancements. Challenges including disrupted supply-demand and competition hinder LCD growth. LED’s benefits, such as brightness and efficiency, will drive market expansion, with a projected 6.5% CAGR from 2023 to 2030, particularly in the automotive and medical sectors.

By Application

  • Smartphone and Tablet
  • Smart Wearable
  • Television and Digital Signage
  • PC and Laptop
  • Vehicle Display
  • Others

By Industry Vertical

  • Consumer Electronics
  • Healthcare
  • Retail
  • Automotive
  • Others

Display Key Players include:

  • Samsung Electronics Co. Ltd.
  • AU Optronics
  • Japan Display Inc.
  • E Ink Holdings Inc.
  • Hannstar Display Corporation
  • Corning Incorporated
  • Kent Displays Inc.
  • NEC Display Solutions
  • Sony Corporation
  • Innolux Corporation
  • BOE Technology Group Co., Ltd.
  • Sharp Corp. Limited
  • Corning Incorporated
  • NEC Display Solutions
  • Atmel Corporation
  • HP Development Company
  • P.
  • Epson
  • Panoxdisplay

Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/22084

Key questions answered in the Display Market are:

  • What are Displays?
  • What was the Display Market Size in 2023?
  • What is the expected Display Market size by 2030?
  • What is the growth rate of the Display Market?
  • What are the key benefits of the Display Market?
  • What are the new trends in Display?
  • Which segment dominated the Display Market growth?
  • What is the demand pattern for the Display Market?
  • What is the driving, opportunity and restraining factors in the global Display Market?
  • Which are the factors expected to drive the Display Market growth?
  • Which factors are expected to restrain the Display Market growth?
  • Which region held the largest share of the Display Market?
  • Who are the key players in the Display Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Product Type, Panel Size, Technology, Application, Industry Vertical and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is a leading Electronics research firm that has also published the following reports:

Display Panel Market– The market size is expected to reach USD 194.99 billion by 2029 at a CAGR of 4.2 percent during the forecast period. The increasing technological advancement in OLED is expected to drive Display Panel Market.

3D Display Market– The market size is expected to reach USD 400.28 billion by 2030 at a CAGR of 18.64 percent during the forecast period. The demand for high-quality visual experiences is driving the development of advanced 3D Display Market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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