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.
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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:
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:
By Technology:
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
By Industry Vertical
Display Key Players include:
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Key questions answered in the Display Market are:
Key Offerings:
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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