lcd module market outlook in stock
The Global Medical LCD Display Market investigation report is segmented by Types (Color Display, Monochrome Display), Segmentation & all logical and factual briefs about the Medical LCD Display Market 2022 Overview, By Technology, CAGR, Production Volume, Sales, and Revenue with the regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East Africa & The Prime Players & Others.
Report Overview: The global Medical LCD Display market size was valued at USD million in 2021 and is expected to expand at a compound annual growth rate (CAGR) % from 2022 to 2030.
In-depth data on the global Medical LCD Display market was acquired in order to assess market revenue, future market predictions, and data for a new study published by IBI. The information in the report is the result of extensive secondary research, which included, among other sources of data, a thorough analysis of investor presentations, business annual reports, white papers, government programs, and linked organization reports. The thorough secondary study is built on the foundation of comprehensive primary research.
COVID-19 Impact Analysis, which is addressed in the research, offers a thorough examination of alterations in corporate policy, the rate of market expansion, new cooperative efforts among market participants, significant impediments, as well as projected market expansion over the pandemic period. Given that COVID-19 will be in place for a significant amount of time over the projected period, it is crucial to have a clear picture of how total growth will be impacted.
Five categories--North America, Europe, Asia Pacific, Latin America, as well as the Middle East and Africa--are covered in the Medical LCD Display market research. Based on the divisions that make up each region, the report contains thorough financials for each one. Additionally, a thorough revenue and market share analysis is given for the key nations that comprise each area.
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The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
The report focuses on the LCD Display Panel market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the LCD Display Panel market.
The Research Report delivers knowledge about sales quality, sales value and different brands related to top market players with highest number of market tables and figures at a guaranteed best price. Additionally, it comes with exhaustive coverage of post pandemic forces that are likely to impact the LCD Display Panel Market growth. The overview of report contents includes market dynamics, market share information, analysis of smaller companies, investment plans, merger and acquisition, gross margin, demand supply, import-export, covering key market segmentation that includes by types, applications, end-user, and regions.
Chapter 1 provides an overview of LCD Display Panel market, containing global revenue and CAGR. The forecast and analysis of LCD Display Panel market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 introduces the industrial chain of LCD Display Panel. Industrial chain analysis, raw material (suppliers, price, supply and demand, market concentration rate) and downstream buyers are analyzed in this chapter.
Chapter 6 provides a full-scale analysis of major players in LCD Display Panel industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 7 pays attention to the sales, revenue, price and gross margin of LCD Display Panel in markets of different regions. The analysis on sales, revenue, price and gross margin of the global market is covered in this part.
Chapter 10 prospects the whole LCD Display Panel market, including the global sales and revenue forecast, regional forecast. It also foresees the LCD Display Panel market by type and application.
Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2016 -2026) of the following regions: ● United States
The report delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market. This report also states import/export consumption, supply and demand Figures, cost, industry share, policy, price, revenue, and gross margins.
The report delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market. This report also states import/export consumption, supply and demand Figures, cost, industry share, policy, price, revenue, and gross margins.
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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.
New York, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Industrial Display Market Size, Share & Industry Trends Analysis Report By Technology, By Type, By End-use, By Panel Size, By Application, By Regional Outlook and Forecast, 2022 - 2028" - https://www.reportlinker.com/p06315021/?utm_source=GNW
Furthermore, the global shift in technology and automated systems drive market growth. Moreover, robust display wireless connection, and technologically advanced push market growth during the forecast period.
The increasing adoption of multi-featured Human-Machine Interface (HMI) devices, the Industrial Internet of Things (IIoT), and the popularity of smart industrial displays are some of the factors driving market growth. The displays’ innovative features, such as touchpad frames and fully automated touch detection systems; RFIDs; Ethernet connectivity; and ability to withstand high temperature changes, shock, motion, dust, scrape, and chemicals, are catapulting the industry forward.
Even though displays are a viable substitute for manual methods and outdated push-button technology, the industry offers a large investment opportunity. To keep up with changing industrial needs, the market is differentiated by continuous technological developments. Low-Temperature Poly-Silicon (LTPS), Liquid Crystal Display (LCD), Thin-Film-Transistor (TFT), Digital Light Processing (DLP), and Color Filter (CF) are some of the most recent industry innovations.
Society and the global economy are suffering greatly as a result of the COVID-19 pandemic. The supply chain is being impacted by the outbreak, whose effects are growing every day. Stock market turbulence, a decline in corporate confidence, a considerable delay in the distribution chain, and a rise in customer apprehension are all being brought on by it. European nations under lockdown have suffered major losses in trade and revenue as a result of the suspension of manufacturing operations in the area. The COVID-19 pandemic has had a substantial impact on manufacturing and production processes, slowing the growth of the industrial display sector in 2020.
The creation of thin, effective, and bright displays is made possible by the thin films of organic light-emitting (OLED) materials that emit light when electricity is applied to them. It is anticipated that OLEDs would replace prevailing technologies in the display ecosystem. As a result, a sizable number of businesses have started to increase their investment in OLED study and innovation. OLED industrial displays are dominating the market because to their cutting-edge features, such as higher contrast, quicker response times, and a broader operating temperature range than LCDs. OLED micro displays are now often used in EVFs and HMDs because they outperform conventional LCD and LCoS micro display technologies.
On the basis of technology, the industrial display market is classified into LCD, LED, OLED and E-paper. The LCD segment acquired the highest revenue share in the Industrial Display Market in 2021. A flat panel display called a liquid crystal display (LCD) makes use of the liquid crystals’ capacity to modulate light. Instead of emitting light directly to create images in color or monochrome, liquid crystals use a backlight or reflector. There are two primary categories of LCDs used in electronic devices like digital clocks and video players and those used in computers.
Based on type, the industrial display market is segmented into Rugged Displays, Open-frame Monitors, Panel-Mount Monitors, Marine Displays and Video Walls. The open-frame monitor segment registered a substantial revenue share in the Industrial Display Market in 2021. Open Frame Monitor (OFM) is primarily housed in a bare-metal container and typically does not have a bezel. Instead, it is normally delivered with a mounting metal flange on the outside. Electronic parts, such as the display controller A/D board, the harnesses, and maybe the internal power supply, are secured to the inside of the metal chassis.
By end-use, the industrial display market is categorized into Manufacturing, Mining & Metals, Chemical, Oil, and Gas, Energy & Power, and Others. The Chemical, Oil, and Gas segment registered a promising revenue share in the Industrial Display Market in 2021. Oil and gas have played an important role in the economic transformation, but the industry is entering a new era. Digital transformation can improve productivity and workplace safety while reducing the industry’s environmental impact. Large industrial displays are especially important in the oil and gas industry, where comprehend rough environmental parameters, extreme temperatures, high levels of pollution, and operation is critical not only for safety but also for improving profitability.
Based on panel size, the industrial display market is fragmented into Up to 14”, 14-21”, 21-40”, and 40” and above. The 21-40" segment witnessed a substantial revenue share in the Industrial Display Market in 2021. It is due to the demand for touch screen computer parts in heavy-duty workplaces expected to drive the 21-40" panel size segment’s growth. The anodized coatings on the monitors and touch screen panels, combined with the stainless-steel chassis, are intended to provide operators with greater durability and operation across a wide temperature range.
By application, the industrial display market is divided into HMI, Remote Monitoring, Interactive Display and Digital Signage. The HMI segment garnered the highest revenue share in the Industrial Display Market in 2021. This is because multinational HMI manufacturers are expanding their presence in emerging markets such as China and India. The particular technology is expected to combine the internet’s reach with the ability to control industrial equipment, infrastructural facilities, and operating procedures in factories directly.
Region-wise, the industrial display market is analyzed across North America, Europe, Asia Pacific and LAMEA. The North America region procured the highest revenue share in the Industrial Display Market in 2021. With high demand coming from monitoring system, HMI, and interactive display applications. Increased use of digital displays and HMIs in North America is expected to generate new business opportunities over the forecast period. Furthermore, the growing popularity of industrial automation, rising investment in IIoT applications, and multi-featured HMI gadgets may expedite the use of industrial display capabilities in this market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Display Co., Ltd. (Samsung Electronics Co. Ltd.), LG Display Co., Ltd. (LG Corporation), Leyard Optoelectronic Co. (Planar Systems, Inc.), Advantech Co., Ltd., Siemens AG, Sharp NEC Display Solutions, Ltd. (Sharp Corporation), Pepperl + Fuchs Group, Japan Display, Inc., Winmate, Inc., and Maple Systems, Inc.
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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
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.
The global displays marketsize was estimated at USD 156.9 billion in 2021 and is expected to be worth around USD 297.1 billion by 2030 and anticipated to expand at a CAGR of 7.35% during the forecast period 2022 to 2030.
Screens that project information like pictures, movies, and messages are referred to as displays. Numerous technologies, including light-emitting diodes (LEDs), liquid crystal displays (LCDs), organic light emitting diodes (OLEDs), and others, are used in these display panels. Additionally, it plays a significant role in
Furthermore, display technologies like organic light-emitting diode (OLED) have become more crucial in items like televisions, smart clothing, cell phones, and other gadgets. In order to draw customers, smartphone makers also want to use flexible OLED screens. In addition, the market is also developing energy-saving gadgets, mainly for
The worldwide display market is expanding as a result of advancements in flexible displays, rising OLED display device demand, and the growing popularity of touch-based devices. However, barriers to market expansion include the expensive cost of cutting-edge display technologies like quantum dot and transparent displays, as well as the stalling growth of desktop, notebook, and tablet PCs. In addition, substantial development possibilities for the global display market are anticipated from new applications in flexible display technologies.
One of the key reasons fuelling the growth of the display market is the rise in demand for digital product and service promotion to get the attention of the target audience. The emergence of smart wearable gadgets, technical developments, and rising demand for OLED-based goods are all contributing to the market further.
Innovative items like leak detecting systems, home monitoring systems, and complex financial solutions are starting to appear, which has an additional impact on the industry. The industry is growing thanks to the use of organic light-emitting diode panels in televisions and smartphones. Additionally, the display market benefits from rising urbanisation, a shift in lifestyle, an increase in expenditures, and higher consumer spending.
The adoption of automated equipment by many industries for a variety of uses has a significant influence on displays, which are available with high efficiency at cheap cost and are anticipated to accelerate market expansion. Because they offer a long lifespan, great scalability, high intensity, high brightness, and more, embedded devices are widely utilised. The organic light emitting diode and liquid crystal display markets are supported by aspects like reasonable pricing, effective brightness, and longer life and are expected to expand at the quickest rate in the industry over the projected period. The increased usage of Displays by the healthcare, educational, and automotive sectors is anticipated to fuel market expansion.
The usage of Displays in 3D systems is another factor boosting the market"s expansion. The user can employ the sophisticated technologies in Displays for the 3 systems due to their quick development. The market is anticipated to increase significantly as a result of the adoption of 3D systems in the consumer, industrial, medical, automotive, and other sectors. These systems require displays to project the dimensions.
Since touch-based gadgets are more accessible, the number of devices with touch sensors has grown tremendously in recent years. The proliferation of display devices is aided by the fact that touch-based gadgets need a display panel to function. As a result, a broad variety of home appliances, including the refrigerator, washing machine, microwave, etc., are enabled with the help of touch screens. The provision of cutting-edge display devices in automobiles, like the navigation system, heads-up display, digital rear-view mirrors, digital dashboard, and others, has also increased in the automotive sector. As a result, the market for displays is expanding due to the move toward touch-based technology.
Innovations in flexible displays, a growth in the demand for OLED display products, and a rise in the popularity of touch-based gadgets are what are driving the worldwide display market. However, the market is constrained by the expensive cost of cutting-edge display technologies like quantum dot and transparent displays, as well as the slow expansion of desktop, laptop, and tablet computers.Additionally, new applications for flexible display technologies, which are anticipated to produce profitable growth possibilities, are likely to boost the worldwide display market.
LCD technology has been widely utilised in display items during the preceding several decades. Currently, a number of settings, including retail, corporate offices, and banks, employ LCD-based gadgets. But it"s anticipated that LED technology will advance quickly throughout the course of the predicted period. The development of LED technology and its energy-efficiency are what are driving the demand for it. A disturbance in the supply-demand ratio, a decline in LCD display panel ASPs, and intense competition from emerging technologies are anticipated to push the LCD display sector into negative growth during the course of the projection period.
LED technology is predicted to drive market expansion because to its high pixel-pitch, brightness, improved efficiency, high light intensity, improved power efficiency, extended lifespan, and high scalability. Due to increased usage of displays in the automotive and medical sectors, where LED Displays are being utilised increasingly, the LED display market is anticipated to develop at a large and rapid 6.5% between 2022 and 2030.
The smartphones will make up a large percentage of the market. This rise will be fueled by the growing use of OLED and flexible displays by smartphone manufacturers. Shipments of expensive flexible OLED displays are growing quickly, and the forecast year is expected to see this trend continue. The market"s new development path has been identified as the smart wearables category. The demand for these gadgets is expected to soar throughout the projected period due to the fast-growing market for these products and the widespread use of AR/VR technology.
At 68%, the fixed device is anticipated to have the biggest market share over the projection period. Fixed devices are more widely accepted on the market than portable ones because of their low pricing, high scalability, longer life, contrast, and pixel quality, among other factors.
The aforementioned factors have increased the market adoption of fixed device, which is projected to drive the Display market. Both LED displays and Organic Light Emitting Diode are frequently used in these stationary devices.
In 2021, APAC will hold a 41% share of the global display market, followed by Europe. The industry-level research and development efforts in North America are constantly growing and advancing automated embedded device technology, which is raising the adoption rate of Display devices in industries including as healthcare, automotive, industrial, defence, and others. The market is anticipated to be stimulated by the huge number of end device makers in APAC. Since emerging nations like India, Japan, China, and others are constantly expanding the use of displays in a variety of industrial verticals, including wearables, smartphones, digital signage, medical, automotive, and other areas, the APAC region is thought to have the fastest growth for liquid crystal displays.
Other factors contributing to the market"s growth in the area include the expansion of display panel production facilities and the quick uptake of OLED displays. APAC has low labour expenses, which lowers the overall cost of producing display panels. The market is also being supported by the increasing use of display devices across a variety of sectors, particularly in China, India, and South Korea.
Samsung Electronics launched the first 15.6-inch OLED panel in the notebook industry in January 2019. Additionally, compared to 4K LCD-based displays, the panel will produce richer colours and deeper blacks.
The global pillar to pillar display market is expected to reach a valuation of US$ 36 million in 2022 and burst ahead at a CAGR of 46.2% to end up at US$ 1.65 billion by 2032.
The emerging technology of the OLED display market in smartphones and other smart gadgets has gained significant penetration. Now, OLED display manufacturers are channelizing their focus towards automotive displays.
Automotive displays have evolved over the years, projecting innovation, smart device integration, and robust offerings. The market is currently in the embryonic stage of development, as P2P displays are not commercialized. Yet, the technology is gaining high traction among luxury car brands.
Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 261%CAGR between 2022 and 2024, growing from US$ 36 million in 2022 to US$ 470 million by 2024.
The market share for electric vehicles increased from approximately 2% in 2019 to 10% in 2021. As a result, there are now more than 16.5 million electric vehicles on the roads worldwide, which is an increase of 3X from 2018. The market for electric vehicles has continued to expand quickly, with 2 millionelectric vehicle sales in the first quarter of 2022, a 75% increase over the same period in 2021.
Automakers are marking the opportunity for integrating innovation through their EV segment, which entails significant developments across matured geography. EVs would be the first choice of preference for automakers for the installation of pillar to pillar displays. Thereby, exponential growth of the electric vehicle market will provide the stage for P2P suppliers, owing to which, the segment will create an absolute dollar opportunity of US$ 1.62 billion over the forecast period.
Due to the complex manufacturing process involved in pillar to pillar displays, the product in itself makes it expensive, which is not easily affordable by mass consumers in the market. Owing to this, the luxury cars segment would be one of the leading vehicle types marking its position for pillar to pillar display installation.
As auto infotainment systems have already captured significant market share in the U.S automobile market, the emergence of P2P displays would be a stepping stone for automakers to leverage and generate ample revenue opportunities.
The pillar to pillar display market in the United States is expected to capture a market share of nearly 32% in 2024, and further expand rapidly at 18.5%CAGR from 2024 to 2032.
As the maturity of the German automotive industry enables room for innovation, pillar to pillar display is one such technology. The Germany P2P display market is expected to capture nearly 45% of the European market share by the end of 2032.
For example, LG collaborated with Mercedes, while Continental has decided to integrate its offerings with leading automakers. During the short term, OEM sales would account for nearly 95%of the market share by 2024-end.
OEMs will dominate the market for P2P displays as these products would have exponential growth after mass production, which would be witnessed post-2024. OEM sales channel growth is projected to leap at 220.4%CAGR from 2022 to 2024, and then expand at 17.4% CAGR during the period of 2025-2032.
The scenario will change post-product adoption and reorganization across end users, wherein companies would provide patent services to vendors for the mass manufacturing of P2P displays, which would have the aftermarket as their sales channel. All in all, the integration of sales channels from automakers for the integration of pillar to pillar displays into their new and existing fleets would create huge opportunities for revenue generation.
As the automotive industry is taking innovation to the next scale, the adoption of high-end automotive displays is evident. Owing to this, the market for P2P displays is expected to grow 45Xover the forecast period. S displays have been the most prominent display type across the automotive sector, which will see higher penetration for P2P displays and the segment is projected to capture nearly 52% market share by 2032-end.
LG Display recently entered into a collaboration with Mercedes to launch pillar to pillar displays in the market. LG Electronics has installed pillar to pillar displays in Mercedes-Benz EQS EV sedans.
The LCD is a transmissive technology. All LCDs require a reflected light source or backlighting. The LCD industry is characterized by rapid technological advances. Traditionally, applications for LCDs are notebook computer and desktop monitors. LCDs are expected to be used more across various applications, and this study focuses on the trends, challenges, and factors driving market growth. Also included are product, technology, and regional market analyses, along with a competitive analysis. This research service provides the necessary business intelligence to accelerate growth in a fast-paced market. The scope includes a market forecast for the geographic regions of Asia-Pacific (APAC), North America, Europe, and Rest of World.
This report includes all of DSCC"s content on OLED and LCD fab schedules, OLED and LCD capacity and LCD and OLED equipment market sizes, market share and forecasts for 79 different segments. All design wins and units by fab by equipment type are shown and quarterly revenues are provided for >130 different display equipment suppliers. Also included are typical process flows for each major process.
This report provides all of the market intelligence that a display equipment manufacturer, supplier to display equipment manufacturer or analysts covering display equipment suppliers would want. It is also ideal for panel suppliers tracking the market shares for all major display equipment segments. In total, 79 different equipment segments have been covered compared to 22 from other research firms.. Market share and design wins are provided for every segment as well on a quarterly, annual, billings and bookings basis, while other research firms don"t offer any market share data.
Quarterly and annual equipment market share provided from 2016 to as far as 2025 for all backplane, frontplane, color filter, cell and most module segments, >70 different segments.
Dublin, Nov. 28, 2022 (GLOBE NEWSWIRE) -- The "Display Panel Market Size, Share, Trends, By Application, By Panel Resolution By Panel Size, By Display Type, By End-use, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com"s offering.
The global display panel market size is expected to reach USD 163.88 Billion in 2030 and register a revenue CAGR of 10.3% over the forecast period, according to latest report. The market is expected to gain significant traction over the forecast period, on account of the rising demand from consumer electronics industry. The product finds its application in televisions, PCs, laptops, and smartphones among others. The product is used as a key display component in these devices.
In recent years, there has been a surge in the demand for consumer electronics globally. This is attributable to the declining prices of these devices and the increasing purchasing power of consumers. The rising disposable incomes and the changing lifestyle of people are some of the other factors that have contributed to the growth of the consumer electronics market. This, in turn, is expected to boost the demand for display panels over the forecast period.
The global display panel market is being driven by the ever-growing demand for display panels in various applications such as televisions, smartphones, laptops, and others. The advancement in technology has led to the development of new and innovative display panel technologies, which are being used in these applications. The major players in the market are investing heavily in research and development activities to bring out new products with better features. The competition in the market is intense as the major players are striving to maintain their share.
In July 2021, The TCL Group announced a new product line of display panels at the SID Display Week. The product line includes three types of display panels: LCD, AMOLED and OLED. The company claims that the product line offers the world"s widest color gamut, the highest brightness, and the best contrast ratio.
The revenue share of the LCD segment is expected to increase at a CAGR of 10.1% from 2021 to 2027. This is due to the widespread adoption of LCDs in televisions, computers, and mobile phones. The TFT-LCD display panel market is estimated to reach USD 92.55 billion by 2027. The OLED segment is expected to grow at the highest CAGR during the forecast period.
The North American market is expected to witness significant growth over the forecast period, on account of the growing demand from consumer electronics and automotive industries in the region. The United States is one of the leading markets for consumer electronics in the world. The growing demand for smart TVs and other connected devices is expected to boost the demand for display panels in the region.
For this report, the publisher has segmented the global display panel market based on application, panel resolution, panel size, display type, end-use, and region:
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This market research report includes a detailed segmentation of the global large area LCD display market by application (TVs, notebooks, monitors, tablets, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are AU Optronics, BOE Technology, Innolux, LG Display, and Samsung Display.
Technavio’s research analyst predicts the global large area LCD display market to grow at a CAGR of 3% during the forecast period. The formation of UHD alliances is the primary growth driver for this market. During 2015, supply chain members of the global UHD TV market announced the formation of the UHD Alliance to support innovative technologies including 4K and higher resolution, high dynamic range, immersive 3D audio, and wider color gamut.
The decline in ASP of the LCD panel is expected to boost the market growth during the forecast period. During 2014, per meter square, ASP of LCD panel was $472, which declined to $416 during 2015. Vendors reduced the ASP to reduce excess inventory. The declining per square meter ASP of LCD panel drove the shipment of LCD display in terms of area.
During 2015, the TV segment dominated the large area LCD display market with a market share of 38%. The primary reason for the growth of this product segment was the strong demand for 4K TVs of 40 inches and larger screen size. During 2015, several manufacturers introduced 4K TVs ranging from 50 inches and above.
During 2015, APAC accounted for 81% of the market share and is expected to grow at a CAGR of 1% during the forecast period. The high concentration of display device manufacturers and LCD panel manufacturers in this region are the primary growth drivers. Technavio expects that the well-established supply chain for display devices in APAC would continue to support the dominance of this region in the market during the forecast period. China is emerging fast as a leading hub for large area TFT LCD display manufacturers because of the rise in the number of display device manufacturers in the country.
Manufacturing LCD display panels require economies of scale because the equipment used to manufacture displays are expensive. This presents high entry barriers for LCD display panel manufacturers. Currently, the global large area LCD display market is dominated by China, Japan, South Korea, and Taiwan in terms of production and revenue contribution. Chinese manufacturers have the advantage of manufacturing LCD panels at a lower cost. This has resulted in price wars among LCD manufacturers and has accelerated the declining ASP of LCD panels. Vendors such as LG and Samsung are under a lot of pressure as profit margins have come down because of increased competition.
Other prominent vendors in the market include Chi Mei Optoelectronics, Chunghwa Picture Tube (CPT), HannsTouch Solution, HannStar Display, InfoVision Optoelectronics, Japan Display, Kaohsiung Opto-Electronics, NEC Display Solutions, Panasonic, and Sharp.
Display Market size was valued at USD 127.2 Billion in 2020 and is projected to reach USD 160.36 Billion by 2028, growing at a CAGR of 2.9% from 2021 to 2028.
The major factors driving industry growth are the increasing adoption of OLED displays in smartphones huge investments, coupled with government support for the construction of new OLED and LCD panel manufacturing facilities are the major factors expected to propel the Display Market. Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth. Moreover, the emerging use cases such as smart displays, smart mirrors, smart home appliances, and holographic displays can create the opportunity for market growth.
A screen, a computer output surface, and a projection surface display text and graphics using a cathode ray tube, light-emitting diode, liquid crystal display, or other technologies. It may be used in a variety of areas, including television, cellphones, tablets, laptops, cars, public transportation, and many others. The growing demand for OLED-based products, technological advancements and the development of smart wearable devices, and expansion in the flexible device industry are all key market drivers. However, as smart mirrors and smart displays become more widely used in many end-use sectors, firms in the target market may see increased income prospects.
The usage of organic light-emitting diode screens in smartphones and televisions is driving the Display Market forward. Another element driving target market expansion is the use of technologically superior, lightweight, thin, and energy-efficient displays. Furthermore, the growing popularity of smart wearables among consumers is projected to fuel the Display Market growth in the near future. However, the Global Display Market growth is being hampered by changing display panel costs and the high cost of technologically sophisticated display panels.
The major factors driving industry growth are the increasing adoption of OLED displays in smartphones; huge investments, and coupled government support for the construction of new OLED and LCD panel manufacturing facilities, and these are the major factors expected to propel the targeted market. Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth.
The deployment of wide-screen alternatives, such as projectors and screen-less displays might act as hindering factor. Moreover, the emerging use cases such as smart displays, smart mirrors, smart home appliances, and holographic displays can create the opportunity for market growth. Nowadays, display gadgets are also used in the car business. LG Display, for example, has declared that it will begin production of a head-up display system for the vehicle industry in response to this potential. LG’s vehicle display gadget is a flexible, transparent display that can be wheeled about. The heads-up display may be used in a variety of ways and has a variety of functions to improve your driving experience.
Due to the complicated and enormous architecture of commercial buildings such as malls, theatres, entertainment centers, and others, the use of digital signage and touch-based displays has expanded. Touch sensors are built into these screens, which the user can use to navigate and extract other information. As a result, the expansion of the Display Market is fueled by the trend of touch-based gadgets.
Based on Display Type, The market is segmented into Flat Panel Display, Transparent Panel Display, Flexible & Foldable Panel Display, And 3D Display. The Global Display Market is being driven by advancements in flexible displays, an increase in demand for OLED display devices, and a rise in the popularity of touch-based devices. However, the market is hampered by the high cost of new display technologies such as transparent displays and quantum dot screens, as well as the sluggish growth of desktop PCs, notebooks, and tablets. Furthermore, the Global Display Market is likely to benefit from new applications in flexible display technologies, which are expected to generate lucrative growth prospects.
Based on Technology, The market is segmented into OLED, LED, Micro-LED, Direct-View LED, LCD, And Others. Over the previous few decades, LCD technology has been widely used in display products. LCD-based devices are currently used in a variety of areas, including retail, corporate offices, and banks. During the forecast period, however, LED technology is expected to grow at a rapid pace. The market for LED technology is being driven by advancements in LED technology and its energy-efficient nature. High competition from newer technologies, a disruption in the supply-demand ratio, and a drop in LCD display panel ASPs are likely to force the LCD display industry into negative growth throughout the projection period.
Based on Product, The market is segmented into Smartphone, Television, PC Monitor & Laptop, Automotive Display, And Others. Smartphones are likely to account for a significant portion of the industry. The rising usage of OLED and flexible screens by smartphone makers will drive this growth. Shipments of high-cost flexible OLED displays are rapidly expanding, and this trend is projected to continue during the forecast period. The smart wearables segment has emerged as the global market’s new growth route. The market for these devices is fast-growing, and with the widespread adoption of AR/VR technologies, demand for smart wearables is likely to skyrocket over the forecast period.
Based on Industry, The market is segmented into Consumer, Transportation, Retail, Hospitality & BFSI, Education, Healthcare, Military, Defense, and Aerospace, And Others.
Based on Geography, The Global Display Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Display Market is dominated by North America, which is predicted to develop at a healthy rate in terms of earnings over the projection period. Because of their high disposable income, consumers are adopting technologically improved electronic products, which is driving market expansion. In the foreseeable future, the market is projected to see significant earnings growth. The target market in the region is driven by the existence of core performance manufacturing.
The “Global Display Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are LG Display, AU Optronics, Japan Display (JDI), Tianma Microelectronics, Samsung Electronics, SHARP (Foxconn), Truly International, BOE Technology, Innolux Corporation, and China Star Optoelectronics Technology (CSOT) (CDOT) (TCL).
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
In January 2019, the first 15.6-inch OLED panel has been introduced by Samsung Electronics in the notebook market. In addition, the panel will deliver brighter colors and deeper blacks compared to 4K LCD-based screens.
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Display Market was valued at USD 127.2 Billion in 2020 and is projected to reach USD 160.36 Billion by 2028, growing at a CAGR of 2.9% from 2021 to 2028.
Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth.
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