lcd module market outlook free sample

The global TFT-LCD display panel market attained a value of USD 181.67 billion in 2022. It is expected to grow further in the forecast period of 2023-2028 with a CAGR of 5.2% and is projected to reach a value of USD 246.25 billion by 2028.

The current global TFT-LCD display panel market is driven by the increasing demand for flat panel TVs, good quality smartphones, tablets, and vehicle monitoring systems along with the growing gaming industry. The global display market is dominated by the flat panel display with TFT-LCD display panel being the most popular flat panel type and is being driven by strong demand from emerging economies, especially those in Asia Pacific like India, China, Korea, and Taiwan, among others. The rising demand for consumer electronics like LCD TVs, PCs, laptops, SLR cameras, navigation equipment and others have been aiding the growth of the industry.

TFT-LCD display panel is a type of liquid crystal display where each pixel is attached to a thin film transistor. Since the early 2000s, all LCD computer screens are TFT as they have a better response time and improved colour quality. With favourable properties like being light weight, slim, high in resolution and low in power consumption, they are in high demand in almost all sectors where displays are needed. Even with their larger dimensions, TFT-LCD display panel are more feasible as they can be viewed from a wider angle, are not susceptible to reflection and are lighter weight than traditional CRT TVs.

The global TFT-LCD display panel market is being driven by the growing household demand for average and large-sized flat panel TVs as well as a growing demand for slim, high-resolution smart phones with large screens. The rising demand for portable and small-sized tablets in the educational and commercial sectors has also been aiding the TFT-LCD display panel market growth. Increasing demand for automotive displays, a growing gaming industry and the emerging popularity of 3D cinema, are all major drivers for the market. Despite the concerns about an over-supply in the market, the shipments of large TFT-LCD display panel again rose in 2020.

North America is the largest market for TFT-LCD display panel, with over one-third of the global share. It is followed closely by the Asia-Pacific region, where countries like India, China, Korea, and Taiwan are significant emerging market for TFT-LCD display panels. China and India are among the fastest growing markets in the region. The growth of the demand in these regions have been assisted by the growth in their economy, a rise in disposable incomes and an increasing demand for consumer electronics.

The report gives a detailed analysis of the following key players in the global TFT-LCD display panel Market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

GlobalLiquid Crystal Display (LCD) Market, By Product (LCD Character Drivers, LCD Graphic Drivers, LCC Segment Drivers), Application (Automotive, Industrial, Medical, Small Appliance, Others) – Industry Trends and Forecast to 2029

Liquid crystal display (LCD) are widely being used in various sectors such as entertainment, corporate, transport, retail, hospitality, education, and healthcare, among others. These allow organizations in engaging with a broader audience. They also help in creating a centralized network for digital communications.

Global Liquid Crystal Display (LCD) Market was valued at USD 148.60 billion in 2021 and is expected to reach USD 1422.83 billion by 2029, registering a CAGR of 32.63% during the forecast period of 2022-2029. Small Appliance is expected to witness high growth owing to the rise in demand for devices such as smartphones. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

The increase in demand for the digitized promotion of products and services for attracting attention of the target audience acts as one of the major factors driving the growth of liquid crystal display (LCD) digital market.

The rise in demand for 4K digitized sign displays with the embedded software and media player accelerate the market growth. These signs deliver customers an affordable Ultra HD digital signage solution has a positive impact on the market.

The emergence of innovative products, such as leak detector systems, home monitoring systems and complicated monetary products further influence the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the liquid crystal display (LCD)digital market.

Furthermore, adoption of AMOLED displays, especially due to introduction of 5G and adoption of foldable and flexible displays extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for Micro-LED and mini-LED technologies will further expand the market.

On the other hand, decline in demand for displays from retail sector due to drastic shift towards online advertisement, and high costs associated with new display technology-based products are expected to obstruct market growth. Also, deployment of widescreen alternatives, such as projectors and screenless displays is projected to challenge the liquid crystal display (LCD) digital market in the forecast period of 2022-2029.

This liquid crystal display(LCD) digital market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on liquid crystal display (LCD) digital market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The COVID-19 has impacted liquid crystal display (LCD) digital market. The limited investment costs and lack of employees hampered sales and production of liquid crystal display (LCD) technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the li liquid crystal display (LCD) digital as it targeted the right audience. The increase in sales of devices across the globe is expected to further drive the market growth in the post-pandemic scenario.

Sharp launched the new massive 8K Ultra-HD professional LCD in November’2020. This display packs in 33 million pixels and employs a wide color gamut color filter coupled with optimized LED backlight phosphors.

The liquid crystal display (LCD) digital market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

The liquid crystal display (LCD) digital market is analysed and market size insights and trends are provided by country, type, component, location, content category, end-user, size, display technology, brightness, and application as referenced above.

The countries covered in the liquid crystal display (LCD) digital market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the liquid crystal display (LCD) digital market because of the presence of dedicated suppliers of the product and rise in demand for these displays in the retail industry within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in awareness regarding the benefits of LCD in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter"s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The liquid crystal display (LCD) digital market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies" focus related to liquid crystal display (LCD) digital market.

With the evolutionary changes in consumer electronics from past few years, the demand for the electronic parts is increasing rapidly. LCD display modules are electronically modulated optical device or flat-panel display and use the light-modulating properties of liquid crystals.

LCD display modules display arbitrary image or fixed images and low content information. The information can be displayed or kept hidden including digits, preset words, and seven-segment displays, as in a digital clock.

Increasing production of electronic devices such as aircraft cockpit displays, computer monitors, LCD televisions, indoor and outdoor signage and instrument panels is responsible for the increasing demand for the LCD display module. Manufacturers of the LCD display modules are focusing on developing innovative products to attract more customers to increase the revenue generation by sales of displays.

Manufacturers of the LCD display modules are coming up with the product innovations such as background display colors, character sizes, number of rows, and others and these features are fueling the increasing integration of the LCD display modules.

Constant advancements in the LCD display modules and improvement in the functionality of displays is the primary factor driving the growth of the LCD display module market.

The manufacturers are also focusing on the delivering a LCD display modules are per the end user requirements as these displays are primarily used for the consumer electronic devices which are produced in bulk quantity.

The increasing production of small electronic devices such as cameras, watches, calculators, clocks, mobile telephones, DVD players, clocks, and other devices is creating a huge demand from manufacturers of these products for the LCD display modules as per their product requirements.

On the other hand, availability of LCD display modules at low prices due to the entry of new players from developing countries, shortage of electronic components is a significant challenge for the established players in this market.

The global vendors for LCD Display Module include RAYSTAR OPTRONICS, INC., WINSTAR Display Co., Ltd., Newhaven Display International, Inc., Sharp Microelectronics, 4D Systems, ELECTRONIC ASSEMBLY GmbH, Kyocera International, Inc., Displaytech, and others. LCD display manufacturers are coming up with the new features and more advanced functionalities of the displays for sustaining in the global competition.

In February 2018, Displaytech, LCD display module manufacturer released DT070CTFT, a 7 inch 800 x 480 TFT display. The company is offering LCD displays with a resistive touch as well as a capacitive touch panel.

The global market for LCD Display Module is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific Excluding Japan, Japan, China, and Middle East & Africa. Among these regions, the countries such as Taiwan, South Korea, and China holds major market share in terms of revenue generation from the sale of LCD display module because of the higher presence of manufacturers for these displays as well as the dense presence of the consumer electronics manufacturers.

North America, Western Europe is the second largest market for the LCD display module due to increasing demand from consumer electronics manufacturers. MEA region is expected to grow at moderate CAGR.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global next-generation display materials market size was valued at USD 185.92 billion in 2021 and is projected to register a valuation of USD 430.03 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 10.8% over the forecast period 2022-2030.

Increasing demand for laptops, smartphones, Televisions, tablet devices, and other display devices are driving the revenue growth of the global next-generation display market.

Rising preference for more thin and light display systems and devices and rapid technological advancements in the electronics industry are some of the vital factors that are currently driving the growth of the next-generation display market.

Other factors projected to drive the revenue growth of the global next-generation display market include changing trends in the display market, wide viewing angles and high-resolution tablets, smartphones and displays, projectors, digital cameras, smart TVs, and camcorders.

The Global next generation display materials market is segmented by product type, application, and region. On the basis of product type, the market is segmented as, Thin-Film Transistors LCD (TFT-LCD), Organic Light Emitting Diode (OLED), and others. On the basis of application, the market is segmented as Smartphones, Automotive Displays, Laptops and Tablets, and Others.

The Asia-Pacific presents a very lucrative market for the holographic display market due to the presence of highly advanced countries in developing economies as well as consumer electronics industries such as China, Taiwan, and South Korea.

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New York, United States, Nov. 10, 2022 (GLOBE NEWSWIRE) -- A Smart Display is a sophisticated digital product controlled by the Internet of Things (IoT)-enabled gadgets or voice-activated remote controls. The smart mirror is one cutting-edge tool that might track customer personal information and buying behavior in the retail and automobile industries. Smart devices are also getting interactive and advanced controlling features, expanding as a cutting-edge technical solution. Applications for smart displays project the desired content onto the display using technologies like LED, LCD, and others. A smart display is often used in retail, sport and entertainment, and healthcare due to the rise in demand for cutting-edge advertising and monitoring systems. Additionally, smart display applications like signage and mirrors designed to enhance consumer shopping experiences, welcome customers, and display advertisements in retail establishments drive the use of machine vision technology in the medical and healthcare sector.

Over the forecast year, it is predicted that the smart display market will grow due to the demand for the Internet of Things and artificial intelligence-based smart applications in the residential sector brought on by rising purchasing power in developing countries. The market for smart displays is also expected to benefit from the rising demand for smart mirror systems in the automotive sector. The demand for smart displays is also expected to increase as digital advertising becomes more and more popular in the corporate, retail, and healthcare sectors. Due to these factors, the market will likely grow in the following years.

There has been a rise in the use of smart home apps due to advances in basic technology and fast internet globally. The rise in smartphone usage has facilitated the emergence of smart home apps. Another outcome of global home automation improvement is using smart home application technologies, such as smart displays in the residential sector, to control digital applications like smart lights, thermostats, and more. The development of AI-powered smart display technology in the home market, which will further fuel demand for smart display technology internationally, is also expected to increase demand for smart automation technology for controlling lights, fans, security cameras, and other devices.

The need for increased safety, comfort, and convenience has led to the global expansion of smart mirror applications, which are now a crucial part of the automotive industry. The smart displays used in the automotive sector are designed for various purposes, including Bluetooth and wi-fi, temperature, navigation, turn signals, back cameras, and more. Owing to the rising demand for smart display mirrors in the automotive industry, it is projected that the market for smart displays will grow. Additionally, because the required hardware is easily accessible, the growth of electronically connected cars is swiftly adopting smart display technology. Consequently, expected to fuel the development of the smart display market in the upcoming years.

The E-commerce platform has wholly destroyed the retail industry because of accessibility and the internet. Customers" increasing purchasing power and disposable income on a global scale have raised the demand for smart signage solutions, such as smart displays. Major retailers like Alibaba, Walmart, and Amazon are integrating digital solutions like smart signage. Additionally, the smart display can be utilized as a payment method to reduce line waiting during checkout because clients can use their cell phones to pay at the sign. Therefore, it is projected that each of these factors will create opportunities for the market for smart displays in the coming years.

The Asia Pacific will command the market with the largest share. One of the factors boosting the growth of the smart display market in Asia-Pacific is the rise in the use of smart signage and mirror displays in the retail, residential, and healthcare sectors. Additionally, it is predicted that the market will expand significantly throughout the projection period due to increased demand for digital communication systems. In addition, it is projected that the Asia-Pacific smart display market will gain from the high demand for surveillance and smart home displays in the automobile sector. Furthermore, it is projected that the future growth of smart display technology in this region will be influenced by the technological advancements made in smart signs and mirrors by China, Japan, South Korea, and others, including the digital wall and 8K signage technology. The market for smart displays is expanding in Asia-Pacific due to these forces working together.

North America is anticipated to maintain a dominant position in the global market for smart displays due to the presence of major competitors and the accessibility of cutting-edge smart home solutions. The market for smart displays has recently been driven by the adoption of smart signage technology across the commercial and industrial sectors. For instance, it is anticipated that over the forecast period, a rise in government initiatives in North America to build smart infrastructure across airports, railway stations, and other commercial sectors will be a crucial driver of the smart display market.

The area"s rise has also been aided by the creation of new smart display technology by significant industry participants like Google, Amazon, Apple, and Facebook. The demand for customer contact and digital communication in the healthcare, retail, sports, and entertainment industries is one factor driving the growth of smart signage solutions in this region"s smart display market.

Key Highlights The global smart display market had a revenue share of USD 1.80 billion in 2021, presumed to reach USD 17.81 billion, expanding at a CAGR of 29% during the forecast period.

Market News In 2022, Samsung launched a second-generation SmartSSD. Samsung"s SmartSSD can analyze data directly, reducing the time that data must be transferred between the CPU, GPU, and RAM compared to other SSDs.

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According to The Business Research Company’s research on thee-paper displaymarket, the global e-paper display market size is expected to grow from $1.95 billion in 2021 to $2.68 billion in 2022 at a compound annual growth rate (CAGR) of 37.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. As per TBRC’s e-paper display market report the market is expected to reach $9.08 billion in 2026 at a CAGR of 35.7%.

Rising awareness about environmental pollution is expected to propel the growth of the e-paper display market going forward. Environmental pollution refers to the introduction of unwanted contaminants into the natural environment that adversely affects humans and wildlife. The e-paper display offers a reusable and eco-friendly solution that eliminates paper consumption and waste, therefore minimizing its effects on the environment. For instance, according to the World Health Organization, in 2029, 99% of the global population lived in places where the WHO air quality guidelines levels were not met. Therefore, the rising awareness about environmental pollution is promoting the e-paper display market.

North America was the largest region in the e-paper display market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-paper display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Technological advancement is a key trend gaining popularity in the e-paper display market. Major market players are concentrating their efforts on using innovative technologies to provide color ink e-paper platforms to enhance the reading and shopping experience. For instance, in April 2022, E Ink Holdings Inc., a Taiwan-based electronic paper display manufacturer, launched E Ink Gallery 3 Color with E Ink Kaleido 3 print color technology. This technology allows customers to do faster page turns and color switching in e-paper. It is built on the E Ink ACePTM Advanced Color ePaper platform, which uses a four-particle ink system with cyan, magenta, yellow, and white inks to produce a full-color gamut at each pixel. The Gallery 3 will operate at a temperature of 0 to 50 degrees Celsius, making it comparable to black-and-white e-readers, and will have an increased resolution of 300 pixels per inch (PPI) as opposed to the previous 150ppi.

Major players in the e-paper display market are E Ink Holdings Inc, LG Corporation, Pervasive Displays Inc, Plastic Logic GmbH, CLEARink Displays Inc, Samsung Electronics Co. Ltd., Cambrios Film Solutions Corporation, Bridgestone Corporation, Guangzhou OED Technologies Co ltd, GDS Holdings Limited, and Visionect.

The global e-paper display market is segmented by product into auxiliary display, electronic shelf labels, e-readers, other products; by technology into electrophoretic display, electrowetting display, cholesteric display, interferometric modular display; by application into consumer and wearable electronics, institutional, media and entertainment, retail, other applications.

E-Paper Display Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide e-paper display market forecast size, e-paper display market growth, e-paper display market segments, e-paper display market trends, e-paper display market drivers and restraints, e-paper display market leading competitors’ revenues, profiles and market shares in its competitive landscape section for over 3,000 industry reports, covering more than 2,500 market segments and 60 geographies.

The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Globally, the size of therugged display marketis set to grow at a CAGR of5.76%to hit USD16.72billion by 2030 driven by the Militaries around the world using these displays in their many weaponry equipment and applications.

The rising demand for smart devices in the military and defense industries is one of the key factors driving the growth of the market. With the increasing instances of cross-border tensions and terrorist activities, defense organizations are increasingly adopting advanced mobility solutions to digitalize operations and access real-time information. However, the rising requirement for ruggedized products across industries like healthcare, transportation, retail, and agriculture is providing a thrust to the growth of the market. In line with this, the utilization of organic light-emitting diode and e-paper technologies also contributes to the development of the market.

COVID-19 became a major issue early last year. At first, governments thought that it was nothing more than a nuisance virus. However, this soon proved to be wrong. People who got COVID-19 could suffer from the terrible illnesses and conditions that it caused long after they recovered. People who recovered from the virus could get it again a few months later since the antibodies only lasted for a few months.Governments responded by imposing lockdowns and quarantines. This caused many industries that supplied raw materials to others to slow down operations or suspend them altogether. The global rugged display market was no exception. Many companies in this industry found it difficult to find the raw materials needed to make these displays easily and at affordable prices. They were forced to pass the higher costs of manufacturing these devices onto the end consumer in the form of higher prices.

The greatest growth in the global rugged display market has been in the extremely rugged display sector. One of the main drivers of growth in this industry has been the military. Militaries around the world use these displays in their many weaponry, equipment, and applications.

Rugged display market manufacturers around the world are investing heavily in research and development. This is allowing them to develop a new generation of technologically advanced and more effective/powerful rugged displays. The higher CAGR and the fact that the military is willing to pay top dollar for these devices motivate them to do this.

The fact that raw materials are still hard to come by may hamper the market by driving up the costs of production. This can, in turn, raise the prices of the finished devices considerably.

Perhaps one of the biggest challenges that manufacturers in the global rugged display market face are in keeping the final price of these finished goods down by ensuring that the cost of manufacturing these items continues to stay low.

The CAGR for the market is expected to be 5.76% from 2022 to 2030. The global rugged display market is expected to be worth USD 16.72 Billion by then.

Sparton Corporation is a major American player in the global rugged display market. It continues to succeed because it has partnered with the U.S. Government. The two entities invested heavily in research and development to create a new generation of rugged display devices that are stronger, easier to use, more effective, and last longer.

The North American region has the largest market share of all of the regions in the world. What explains this is the fact that the American government spends the most on defense and military equipment/weaponry. It has to. It’s the richest and most powerful nation in the world, and it must go to great lengths to protect its more than 330 million inhabitants.

North America currently accounts for 41% of the total world market. The North American region consists of Canada and America. Both nations have a high demand for rugged displays. This accounts for some of the high global market growth in this industry.

These three nations are considered to be emerging markets in terms of rugged displays. This is largely because demand is rising so much and so quickly in these nations. Many companies in the Asia-Pacific region are entering the global rugged display market partly because of its high CAGR and partly because it is a very lucrative and strategic market.

The global rugged display market is very fragmented despite the fact that there is a growing demand around the world for these devices. This makes the entire market and industry very competitive. New companies are also entering this market every year. They’re attracted to this market mainly because of its high growth rate. They see this as a money-making market. The fact that rugged display devices are expensive means that they have huge profit margins. This means that the companies that make these devices can make lots of money in a few months.

The new company can also access a much larger market. This puts it in the perfect position to enter into new markets on a strong footing and solidify its position in existing markets.

Sparton Company is a major American player. It has survived by partnering with the American government. This gave it the resources it needed to invest heavily in research and development. The company and the U.S. government have successfully created and marketed many new devices and products with more diverse and useful applications and solutions because of this.

The rugged display market is highly competitive and consists of several major players. In terms of market share, several of these players control the market. The ruggeddisplay market has become highly competitive in the last few years due to the rapid pace of development of display technologies and the presence of numerous companies that are focused on infrastructure facility development efforts aimed at the development of innovative solutions in the rugged display market.

The CAGR for this market is 5.76% from 2022 to 2030. The market is expected to be worth USD 16.72 Billion by then. The defense industry uses these devices. The North American region may have the largest market share, but the Asia-Pacific region has the highest regional CAGR

The expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market.

The expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market. However, restricted view angle of LCD displays restricts the market growth. Moreover, increase in use of AR and VR devices in displays present new opportunities for the market in the coming years.

COVID-19 Scenario:The outbreak of the COVID-19 pandemic had a negative impact on the global automotive LCD display market, owing to temporary closure of manufacturing firms and disruptions in the supply chain during the prolonged lockdown.

European countries under lockdowns suffered major loss of businesses and revenues due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries were heavily impacted by the outbreak of COVID-19, which led to the slowdown in the market growth.

Partnership/collaboration agreements with key stakeholders acted as a key strategy to sustain in the market. In the recent past, many leading players opted for product launch or partnership strategies to strengthen their foothold in the market.

Based on display size, the upto 7 inch segment held the highest market share in 2021, accounting for more than half of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the

Based on vehicle type, the passenger car segment held the highest market share in 2021, accounting for nearly two-thirds of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the huge demand for passenger cars throughout the world. However, the light commercial vehicle segment is projected to manifest the highest CAGR of 7.2% from 2022 to 2031, due to the adoption of advanced technologies.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global automotive LCD display market, and is likely to dominate the market during the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 6.2% from 2022 to 2031. Surge in demand for interactive display, video walls, and touchscreen technology in this region, is expected to boost the market growth. The report also discusses other regions including the North America, Europe, and LAMEA.

Key Benefits For Stakeholders:This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.

By Application (Smartphone & Tablet, Smart Wearable, Television & Digital Signage, PC & Laptop, Vehicle Display, and Others), Technology (OLED, Quantum Dot, LED, LCD, E-PAPER, and Others), Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military & Defense, Automotive, and Others), Display Type (Flat Panel Display, Flexible Panel Display, and Transparent Panel Display): Global Opportunity Analysis and Industry Forecast, 2021-2031

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According to Precedence Research, the global displays market size was valued at USD 168.43 billion in 2022 and it is projected to hit around USD 297.1 billion by 2030, expanding growth at a CAGR of 7.35% from 2022 to 2030.

Los Angeles, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The displays market size will reach at USD 180.82 billion in 2023. Text and images are shown on a screen, a computer output surface, and a projection surface using cathode ray tubes, LEDs, liquid crystal displays, or other technologies. It may be utilized in many different places, such as television, mobile devices, tablets, computers, automobiles, public transportation, and a lot more. The development of smart wearable technology, the rising demand for OLED-based goods, and the expansion of the display market are all major market drivers. However, businesses in the target market may see improved revenue possibilities as smart mirrors and smart displays become more prevalent in several end-use industries.

Report highlightsOver the course of the forecast period, it is anticipated that the display market will expand significantly, driven largely by an increase in the usage of displays by the automation, medical, wearable, and other industries.

Increased market acceptance of automated embedded devices has a significant influence on the expansion of the displays industry. The Displays break into the market thanks to their affordable price and high-quality display. A market for displays is being created as a result of the recent increase in research and development for displays in North America, which has a significant influence on their acceptance by the automation and medical industries.

APAC leads the display market, followed by Europe. Due to the expansion of automation and other industries in nations like China, India, and others, the APAC area is also regarded as having the quickest development. of innovative skin products, which has an impact on the growth of the market.

The rising use of OLED displays in smartphones, as well as significant investments in and government assistance for the establishment of new OLED and LCD panel production facilities, are the main reasons predicted to boost the targeted market. Other drivers promoting market growth include rising HUD, centre stack display, and instrument cluster deployment in automotive vehicles, as well as rising demand for 4K and 8K displays due to the availability of UHD content. For many purposes, LED displays are one of the most popular types of display technology. Compared to other technologies, it has a bigger share of the market. The LED display market has developed recently, although not in terms of innovation. The shrinking of the components required to construct an LED screen is one of the most recent developments in LED displays. LED screens can now be manufactured in ultra-thin and enormous sizes thanks to miniaturisation, enabling them to be placed on any indoor or outdoor surface. Applications for LEDs have increased significantly as a result of technical developments, including improved resolution, increased brightness capabilities, product diversity, and the creation of micro and harder surface LEDs. In order to make companies stand out from the competition, LED displays are also often utilised in digital signage applications, such as for advertising and digital billboards. For instance, the Samsung curved LED digital signage video wall was installed at the Peppermill Casino in Reno, Nevada, in August 2018. LED screens are therefore commonly utilised to enhance customer experience.

To stop the spread of COVID-19, many nations have imposed or are still enforcing lockdowns. The display market"s supply chain has been impacted by this, among other markets. Obstacles in the supply chain make it difficult for display makers to build and deliver their goods. The COVID-19 outbreak has had the greatest impact on display production in China. In contrast to the typical rate of 90 to 95 percent, the manufacturers were only permitted to use 70 to 75 percent of their capacity. For instance, Omdia Display, a Chinese maker of displays, forecasts a 40–50% decline in overall display output as a result of manpower, logistical, and quarantine shortages.

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The global display market size was valued at $114.9 billion in 2021, and is projected to reach $216.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

Display includes screen, computer output surface, and a projection surface that displays content, mainly test, graphics, pictures, and videos utilizing cathode ray tube (CRT), light-emitting diode (LED), liquid crystal display (LCD), and other technologies. These displays are majorly incorporated in devices such as televisions, smartphones, tablets, laptops, vehicles, and others. Emergence of advanced technologies offer enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, and transportation. 3D displays are in trend in consumer electronics and entertainment sector.

In addition, flexible display technologies witness popularity at a high pace. Moreover, display technologies such as organic light-emitting diode (OLED) have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices. Smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Furthermore, the market is also in the process of producing energy saving devices, primarily in wearable devices.  However, high cost of the transparent and quantum dot display technologies. Hence, need for such high costs associated with display products may hamper growth of the market. Furthermore, adoption of AR/VR devices and commercialization of autonomous vehicles are expected to provide lucrative display market opportunity for the growth of the market.

The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in the display market growth.

By display type, the display market outlook is divided into flat panel display, flexible panel display, and transparent panel display. Flat panel display segment was the highest revenue contributor to the market, in 2021. The flexible panel display segment dominated the display market growth, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period.

By industry vertical, the market it is divided into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others.Consumer electronics accounted for largest display market share in 2021.

Region wise, the display market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China, remains a significant participant in the global display industry. Major organizations and government institutions in the country are intensely putting resources into these displays.

Top impacting factors of the market include high demand for flexible display technology in consumer electronic devices, increase in adoption of electronic components in the automotive sector, and rise in trend of touch-based devices. Surge in adoption of displays in touch screen devices, rise in need for AR/VR devices, and commercialization of autonomous vehicles are expected to create lucrative  in the future. Moreover, stagnant growth of desktop PCs, notebooks, and tablets hampers growth of the display market. However, each of these factors is expected to have a definite impact on growth of the display industry in the coming years.

The key players profiled in this report include LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their market penetration.

KEY BENEFITSFOR STAKEHOLDERSThis study comprises analytical depiction of the display market forecast along with the current trends and future estimations to depict the imminent investment pockets.

Key Market Players Samsung Electronics Co Ltd, Sharp Corporation, Japan Display Inc, Innolux Corporation, NEC CORPORATION, Panasonic Corporation, BOE Technology Group Co., Ltd., AUO Corporation, Sony Corporation, Leyard Optoelectronic Co., Ltd, LG Display Co Ltd

The global outdoor LED display market size was valued at USD 7.42 billion in 2021. It is expected to reach USD 17.89 billion by 2030, growing at a CAGR of 9.2% during the forecast period (2022–2030). Large hoardings known as outdoor LED displays are used to show live advertisements, images, and promotional videos, among other types of content. It is typically positioned in open-air and central areas such as boulevards, shopping malls, parks, and parking lots. In addition, the displays are made up of something called a light-emitting diode, or LED for short.

Fabricating LEDs with varying color wavelengths on printed circuit boards is involved in these processes (PCBs). Both surface mounting devices and dual-inline packaging, abbreviated as DIP, are viable options for the type of packaging (SMD). These screens are durable and resistant to the damage caused by exposure to sunlight, pollution, and moisture. The increased adoption of LED display advertising by sponsors in entertainment shows, sports events, and exhibitions because of an increase in preference for LED display advertising over paper or poster-based advertising drives the growth of the market for outdoor LED displays. Nevertheless, the market"s growth is hampered by several factors, including high initial investments and unstable demand.

Companies are shifting their focus toward various outdoor media advertising platforms such as billboards, video walls, and other combinations of distinctive display designs available on the market. This happens because outdoor LED display provides distinctive display designs and customized solutions such as enhancing customer engagement with advanced pixel displays, mobile integration using QR codes, and other similar features. In addition, outdoor LED displays offer impact resistance, energy efficiency, and durability in digital advertising thanks to the growing trend toward interactive media, which is friendly to the environment. These benefits are made possible because LEDs are light-emitting diodes (LEDs). These factors are majorly responsible for the market"s widespread adoption and use of outdoor LED displays by digital advertisers.

The expansion of sports events and exhibitions, seminars, ceremonies, and other similar events are the primary factors for the market for outdoor LED displays. The sponsors can more effectively present information about their company"s products and reach a larger audience at a lower cost in the market as they advertise and display consumer information. In addition, outdoor LED displays provide a viable source for displaying dynamic data, which is much simpler to manage than static data, and the flexibility to implement immediate changes in the displays while the events are taking place. It is anticipated that the market will see an increase in demand for outdoor LED displays due to these factors.

The outdoor LED displays provide several built-in benefits, including exceptional readability, light in a much narrower spectrum than other illumination sources, energy efficiency, a minimum operational price, and long life. It is anticipated that these will cut down on electronic power losses and increase the market"s usage of outdoor LED displays that are used competently. In addition, using outdoor LEDs for advertising, promoting sporting events and brands, and other types of events is a highly innovative and cost-saving way to promote these types of events.

An outdoor LED display requires expensive manufacturing and raw material acquisition as a starting point, which has an expensive installation cost and an expensive entry point into the market. The growth of the outdoor LED display market is constrained by the higher initial capital cost basis of outdoor LED displays compared to conventional lighting technologies. In addition, even though their operational costs are low, which places them in a league of their own when differentiated from conventional display counterparts, the initial high cost of manufacturing and installation of outdoor LED displays is a factor holding back the expansion of the market.

The advertising industry needs innovative designs for displays that are efficient in terms of both energy consumption and financial outlay. Additionally, even when the data is contradictory, advertisers can simultaneously display several interactive advertisements, consumer information, and event statistics. This opens enormous opportunities in various industries, including sports, event management, transportation, etc. As a result of these elements, it is anticipated that the market for outdoor LED displays will have a wide range of opportunities for growth and development in the years to come.

The individually mounted segment is the highest contributor to the market, growing at a CAGR of 8.9% during the forecast period. The surge in demand for displays with a longer lifespan and high durability is driving the growth of the individually mounted segment. The lamp pins of individually mounted displays are joined with welding, which provides higher durability and is suitable for both mild and harsh outdoor LED displays currently on the market.

In addition, the demand for advanced screen displays in automation industries, which allow workers to view magnified automobile parts from a distance, is becoming one of the most important factors driving growth in the market. In addition, LED displays that are individually mounted offer several benefits, including displays that are clear and bright as well as a reduction in the amount of heat generated. The market"s most prominent trends are increasing demand for commercial displays and characteristics such as high-density packaging and high production rates with enhanced brightness. Moreover, surface-mounted LEDs are widely used in residential and industrial lighting systems and personal electronic devices such as televisions, LED screens, vehicles, and projectors.

Based on application, the global outdoor LED display market is divided into billboards, mobile LED displays, perimeter boards, traffic lights, and video walls.

The billboards segment is the highest contributor to the market, growing at a CAGR of 8.2% during the forecast period. With numerous designs for displaying billboards, billboard advertising is becoming one of the most prominent market trends. Billboards can show multiple advertisements simultaneously, whereas their print counterparts can only show one at a time, leading to market expansion. Due to their low cost and capacity to display information twenty-four hours a day, seven days a week, billboards are also used by businesses to advertise and announce the launch of new products.

In contrast, the increased construction of skyscrapers and tall buildings in densely populated areas presents enormous opportunities for erecting billboards, as many people can view them simultaneously. Increased demand for displaying in-game messages, sports brand advertisements, and sponsor messages drives the expansion of the perimeter board display market. In contrast, the increase in sports events and the expansion of commercial advertising are anticipated to create lucrative opportunities to adopt perimeter board displays in the coming years.

Asia-Pacific is the highest revenue contributor and is estimated to reach USD 5.94 billion by 2030, with a CAGR of 10.5% during the forecast period. The increased population in Asia-Pacific has resulted in a large crowd for billboards placed on the side of roads, buildings, and other areas, which is why billboard displays account for the largest share of outdoor LED displays. In addition, many businesses in this area make significant investments in billboard advertising, contributing to the market"s expansion.

On the other hand, mobile LED displays have also established a solid foothold in the market because they offer viable opportunities for door-to-door advertising in this massively populated region. Additionally, there will probably be a rise in demand for outdoor LED displays used at sporting events and mega-events because Asia-Pacific is quickly becoming a dominant force in the world of sports. It is anticipated that this will create lucrative opportunities for the region"s rapid outdoor LED display market development.

North America held the largest market share in the global outdoor LED display market because of the region"s well-established commercial advertising network and the quick expansion of the consumer information display sector. Europe accounts for the second-largest market share.

The global OLED displaymarket is projected to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing demand and investment in electronics like cameras and mobile phones, in which this technology is used. An OLED display works without a backlight, as it emits visible light. It can display deep black levels and can be lighter and thinner than LCD. In low light conditions, an OLED screen can accomplish a higher contrast ratio than LCD. An OLED display uses thin films of organic materials to make thin, efficient and high-quality displays. OLEDs can be made rollable, transparent, and flexible. This display technology has become quite popular in many display markets, as OLED display panels provide free designs and high quality images, which can be made transparent and flexible.

Market Trends, Drivers, Restraints, and Opportunities: OLED technology is used in numerous applications, which is anticipated to drive the market in the forecast period.

The report on the global OLED displaymarket includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. Attributes Details

On the basis of technology, the global OLED display market is bifurcated into active matrix (AM) OLED and passive matrix (PM) OLED. Active matrix OLED segment is anticipated to expand at a robust CAGR during the forecast period. This technology is usually used for mobile phones, portable

In terms of regions, the global OLED display market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held a major share of the total global market in 2019, which is attributed to high consumption as well as focused production in the region. High rate of manufacturing is due to low costs of labor and raw materials in the region. The presence of key market players in Japan, Taiwan, and Korea boosted the market in the region.

The market in North America is speculated to account for a major share during the forecast period. The growth of the market is attributed to rising preferences of smartphones and technological advancements.