lcd display market price

The global TFT-LCD display panel market attained a value of USD 148.3 billion in 2022. It is expected to grow further in the forecast period of 2023-2028 with a CAGR of 4.9% and is projected to reach a value of USD 197.6 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.

Liquid-crystal display is defined as aflat-panel display or other electronically modulated optical device which uses the light-modulating properties of liquid crystals combined with polarizers. Liquid crystals do not emit light directly, instead using a backlight or reflector to produce images in colour or monochrome.

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.

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A flat panel display (FPD) is an electronic view device that allows people to see content such as text or moving images in different consumer electronics, mobile devices, and a range of entertainment. FPDs are thinner and lighter than conventional cathode ray tubes (CRT), which is usually less than 10 centimeters. There are two different categories of FPDs namely emissive displays and non-emissive displays. LED is an example of an emissive display, while LCD is an example of non-emissive display. These displays are majorly used in TV monitors, laptop computers, portable electronics, digital cameras, packet video games, etc. FPDs offer high pixel resolution, enhanced contrast setting, and lower power consumption.

The global flat panel display market is estimated to be valued at US$ 142,155 million in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).

In April 2020, AU Optronics partnered with PlayNitride Inc., a Micro LED technology provider, to develop high resolution flexible micro LED display technology. AUO and PlayNitride each exerted their expertise in display and LED to jointly develop a leading 9.4-inch high resolution flexible micro LED display with the highest 228 PPI pixel density.

In January 2020, LG Display unveiled its latest displays and technologies at CES 2020 in Las Vegas from January 7 to 10. The company will introduce a 65-inch Ultra HD (UHD) Bendable OLED display and a 55-inch Full HD (FHD) Transparent OLED display.

In August 2019, LG Display announced the opening of its 8.5th generation (2,200mm x 2,500mm) OLED panel production plant in Guangzhou, China, to produce 10 million large-size OLED panels a year.

Asia Pacific excluding Japan held dominant position in the global mobile phone accessories market in 2020, accounting for 84.8% share in terms of Value, followed by Europe and Americas, respectively.

Rising government support to FPD industry is expected to drive growth of the global flat panel display market during the forecast period. Rising government initiatives and proactive support have led to rapid development of flat panel industry in major economies including Japan, Canada, and the U.S. For instance, the government of Japan has shown keen interest in the development of high-resolution screens. On the contrary, the U.S. Government is supporting FPD industry, which is primarily channeled through the Department of Defense. Moreover, the Korean government provides support for development of the high tech industry.

Growing adoption of FPD in mobile devices is expected to propel the global flat panel display market growth over the forecast period. Increasing demand for smartphones with augmented features is a major driving factor in the market. Smartphone manufacturers are focused on adopting FPD technology, in order to cater to increasing demand for high-quality image and clarity. FPD offers enhanced picture quality with improved contrast setting and low power consumption.

FPDs are being increasingly deployed in various application areas, especially in retail segment. Major demand for LCD and PDP technologies is arising from the retail segment for application in flat digital signage Majority of small flat panel digital signage installations are taking place in retail stores and Quick Service Restaurants (QSRs).

LCD manufacturers are innovating their LCD product line and introducing new technology to sustain in the LCD panel market. For instance, in 2012, Samsung commercialized production of a transparent LCD panel for a wide variety of display applications such as platform doors of subways, commercial freezer doors, e-Boards, medical equipment, and mobile devices.

By Application: Consumer Electronics (LCD Television (TV), Mobile Phone, Personal Computer (PC)), Automotive Application, Others (Healthcare, Defense, Military, Aviation, Automotive)

Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.

Development in glass OLED panels has led to next-generation displays such as plastic OLED panels. These OLED panels utilize plastic substrate instead of a conventional glass substrate that has various applications. For instance, in 2013, LG Display introduced the world’s first display manufacturer to provide mass-produced flexible OLED panels for smartphones. It is expected to expand further into diverse applications including automobile displays, tablets, etc.

The liquid crystal display (LCD) segment held dominant position in the market and accounted for 38% share in the global flat panel display market in 2020. The segment is expected to reach US$ 124,042.18 million in 2028. This is owing to the wider angles and large display area offered by LCD.

The consumer electronics segment held a dominant position and accounted for 87% share in the global flat panel display market in 2020. This is segment is expected to be valued US$ 99,939.82 million by 2028, owing to growing demand for television and smartphones.

Saturation in the market is expected to restrain growth of the global flat panel display market during the forecast period. Popularity of LCDs is high due to engagement of some of the top players such as Samsung, LG, Panasonic, etc. However, the trend is rapidly changing, owing to the introduction of more powerful technologies such as OLED, which is gaining popularity among major players in the market. Key companies in the market such as Apple are shifting towards OLED displays for application in its products such as iPad, iPhone, iTV, iWatch, etc.

Restricted view angle of LCD is expected to hinder the global flat panel display market growth over the forecast period. LCD technologies have a major drawback, restricted viewing angle. As a result of this, images and brightness on a television screen do not appear in true color when viewed from every angle. Several technologies have been developed to address this issue; however, OLED televisions seem to be the best option in this regard.

Key companies involved in the global flat panel display market are Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.

Major companies in the market are focused on product launches, in order to expand product portfolio. For instance, in January 2020, Sony Corporation launched Bravia displays and a crystal LED display at ISE 2020.

Key players in the market are involved in partnerships and collaborations, in order to gain a competitive edge in the market. For instance, August 2019, Universal Display Corporation partnered with Eternal Material Technology Company to commercialize OLED host materials.

The Liquid Crystal Display (LCD)-enabled electronic devices, such as television, mobile phones and others, is creating potential opportunities for the LCD panel market. In the past couple of years, LCD panels have gained popularity owing to their advanced properties that include less power consumption, compact size and low price.

Moreover, over the past two decades, the LCD technology of has made impressive progress. The electronic displays available at present make use of a wide variety of active LCD panels. The LCD panel market is one of the significantly growing markets due to the increasing demand for LCD displays & low power consumption electronic goods, as well as increase in the demand for touch-enabled displays.

An LCD panel is designed to project on-screen information. At present, LCD panels are suited with high-mobility electronic equipment. LCDs with improved video quality are gaining momentum in all developed and developing economies. These factors are projected to propel the global LCD panel market.

The major growth drivers of the LCD panel market include an increase in the demand for energy-efficient electronic products as well as for larger and 4K televisions. Furthermore, growth in the demand for energy-efficient electronic devices is surging the global LCD panel market.

Demand for high-quality screens, coupled with improving standards of living and inflating disposable income, are among key factors boosting the LCD Panel market. In addition, increase in the adoption of consumer electronic devices is projected to drive the global LCD panel market.

However, one of the major challenges of the LCD panel market are the higher cost and thickness of the display of these devices as compared to other modules. The LCD panel market is expected to witness sluggish and unpredictable growth owing to a quantitative decline in the number of LCD displays.

Moreover, financial uncertainty and macroeconomic situations around the world, such as fluctuating currency exchange rates and economic difficulties, are some of the major factors hindering the growth of the LCD panel market. However, increased competition from alternative technologies and LCD panel complex structure is likely to limit the growth of the LCD panel market.

At present, North America holds the largest market share for the LCD panel market due an increase in the demand for consumer electronic devices. Due to the presence of key LCD panel manufacturers in China and Japan, Asia Pacific is expected to become the prominent region for the LCD panel market.

In addition, the unorganized market of LCD panels in China, Japan and India is creating a competitive environment for global LCD panel manufacturers. Moreover, Europe is the fastest-growing market for LCD panels due to an increase in the adoption of consumer electronics devices. The demand for LCD panels has risen dramatically over the past 12 months globally. The usage of LCD displays in various industries in these regions is boosting the LCD panel market.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. 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.

Due to an increase in the demand for large LCD displays, the large size LCD panel sub-segment is expected to register double-digit growth rate in the global market. In addition, due to an increase in the demand for portable electronic devices, the small size LCD panel sub-segment is projected to be the most attractive market sub-segment of the global LCD panel market.

The smart phones and tablets sub-segment held the largest market share for the LDC panel market in 2017, and the wearable devices sub-segment is expected to grow with a high CAGR during the forecast period.

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 application, it is categorized into smartphones & tablets, smart wearables, televisions & digital signage, PCs & laptops, vehicle display, and others.Televisions & digital signage anticipated to be leading segment in 2021.

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

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.

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.

Panasonic Corporation (Japan), LG Display Co., Ltd (South Korea), HannStar Display Corporation (Taiwan), AU Optronics Corp. (Taiwan), Chi Mei Corporation. (Taiwan), SAMSUNG (South Korea), SHARP CORPORATION (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), SONY INDIA. (India), FUJITSU (Japan), Chunghwa Picture Tubes, LTD. (Taiwan), Barco.(Belgium), BOE Technology Group Co., Ltd. (China), Innolux Corporation (Taiwan), Advantech Co., Ltd (Taiwan)

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.

The flexible display technology has several benefits over rigid standard displays, which are often heavier. These benefits include light weight, flexibility, brightness, low power consumption, and shatter proofness. There are several consumer electronics products that employ these screens. The consumer electronics industry is expanding due to rising demand for products including smartphones, TVs, laptops, smart wearables, and other display devices.

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.

Orient Display LCD displays are the general category that includes LCD display glass panels, character LCD modules, graphic lcd modules, Arduino LCD displays, and our featured JAZZ series graphic LCD displays.

Graphic LCD Displays: Our standard LCD Graphic display products range from 122 x 32 pixels to 320 x 240-pixel resolution. These displays are available in positive or negative STN, blue STN, FSTN, or FFSTN with multiple backlight color options. They can be either traditional Chip-On-Board (COB) LCDs or Chip-On-Glass (COG) LCDs for displays with a smaller footprint and lower power consumption. COGs come in the same display types and colors as our other LCD modules but are designed without a PCB to allow for a slimmer profile.

JAZZ Graphic LCD Displays: The series are exclusive for Orient Display 128 x 64 pixels with the selection of yellow green STN, blue STN, positive or negative FSTN display, with the options of yellow green, green amber, blue, red or RGB tricolor backlights, with or without resistive touch panels. JAZZ series have two sizes: 1.0” and 2.7”.

VTN Character LCD Displays: Orient Display VTN is vertical alignment LCDs which provide superior black background and then great contrast with the options of yellow green, green amber, blue, red or RGB tricolor backlights.

LCD Glass Screens (Panels): Orient Display LCD display panels include different options of polarizer in reflective (saving power), transmissive (better contrast) or transflective (sunlight readable and battery powered) types. Orient LCD glass panels include 1; 2; 2.1/2; 3; 3.1/2; 3.3/4; 4; 4.1/2; 5; 6; 8; and 24 digits. Orient LCD glass panels also include 7 , 14 or 16 segments to display digits and alphanumeric letters. The temperature ranges are from room temperature to wide temperature applications. Orient LCD glass panels can have metal pin or zebra connections.

ARDUINO LCD Displays: Orient Display creates special character LCD displays with SPI interface which is easily hooked up with Arduino, which has been widely acceptable in the electronic design. The series includes 8 x 2 characters, 16 x 2 characters, 20 x 2 characters and 20 x 4 characters with either yellow green STN with yellow green LED backlight or blue STN with white LED backlight.

Although Orient Display provides many standard small size OLED, TN or IPS Arduino TFT displays, custom made solutions are provided with larger size displays or even with capacitive touch panel.

If you have any questions about Orient Display TFT LCD displays or if you can’t find a suitable product on our website. Please feel free to contact our engineers for details.

Display Market size was valued at USD 131.49 Billion in 2021 and is projected to reach USD 182.90 Billion by 2030, growing at a CAGR of 3.81% from 2023 to 2030.

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 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 an 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 use of large screen substitutes like projectors and screen-less displays could be a hindrance. Additionally, there may be room for market expansion due to developing use cases including holographic displays, smart mirrors, smart home appliances, and smart displays. These days, the automotive industry also makes use of display devices. In response to this potential, LG Display, for instance, has announced that it will start producing a head-up display system for the automotive sector. The LG car display device is a portable, transparent display that is bendable. A range of uses and functionalities for the heads-up display is available to enhance your driving experience.

As touch-based gadgets have become more accessible in recent years, the number of devices using touch sensors has expanded tremendously. Touch-based devices necessitate the use of a display panel, which aids in the growth of display devices. As a result, a large range of home appliances, such as refrigerators, microwaves, washing machines, chimneys, and others, are equipped with touch-sensitive displays. Furthermore, the automobile industry has seen an increase in the use of advanced display devices in vehicles, such as navigation systems, digital dashboards, digital rearview mirrors, and heads-up displays, among others.

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. LCD technology has been widely utilized in display items during the preceding few decades. Currently, a number of settings, including retail, corporate offices, and banks, use 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 is what is driving the market for it. The LCD display industry is likely to experience negative growth throughout the projection period due to intense competition from newer technologies, a shift in the supply-demand equation, and a decline in LCD display panel ASPs.

Based on Product, The market is segmented into Smartphone, Television, PC Monitor & Laptop, Automotive Display, And Others. Most certainly, smartphones will make up a large percentage of the market. This rise will be fueled by the growing use of OLED and flexible screens 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 growth path has been identified as the smart wearables category. The demand for these gadgets is expected to soar throughout the forecast period due to the fast-growing market for these products and the widespread use of AR/VR technology.

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.

Partnerships, Collaborations, and AgreementsIn April 2020, AU Optronics has entered into a partnership with PlayNitride Inc. which is leading a Micro LED technology provider. The aim of this partnership is to develop 9.4-inch high-resolution flexible micro-LED display technology. It has the highest 228 PPI pixel density.

In August 2019, Universal Display has announced a partnership with Merck KGaA. The aim of this partnership is to research and develop an OLED field. In addition, both companies will focus on the advancement of OLED technology and the development of new products.

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.

KEY COMPANIES PROFILEDLG Display, AU Optronics, Japan Display (JDI), Tianma Microelectronics, Samsung Electronics, SHARP (Foxconn), Truly International, BOE Technology.

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

• 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 131.49 Billion in 2021 and is projected to reach USD 182.90 Billion by 2030, growing at a CAGR of 3.81% from 2023 to 2030.

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 major players are LG Display, AU Optronics, Japan Display (JDI), Tianma Microelectronics, Samsung Electronics, SHARP (Foxconn), Truly International, BOE Technology, and Innolux Corporation.

The sample report for the Display Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.