lcd panel price trend 2021 free sample

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:

According to IMARC Group’s latest report, titled “TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global TFT LCD panel market size reached US$ 157 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 207.6 Billion by 2027, exhibiting a growth rate (CAGR) of 4.7% during 2022-2027.

A thin-film-transistor liquid-crystal display (TFT LCD) panel is a liquid crystal display that is generally attached to a thin film transistor. It is an energy-efficient product variant that offers a superior quality viewing experience without straining the eye. Additionally, it is lightweight, less prone to reflection and provides a wider viewing angle and sharp images. Consequently, it is generally utilized in the manufacturing of numerous electronic and handheld devices. Some of the commonly available TFT LCD panels in the market include twisted nematic, in-plane switching, advanced fringe field switching, patterned vertical alignment and an advanced super view.

The global market is primarily driven by continual technological advancements in the display technology. This is supported by the introduction of plasma enhanced chemical vapor deposition (PECVD) technology to manufacture TFT panels that offers uniform thickness and cracking resistance to the product. Along with this, the widespread adoption of the TFT LCD panels in the production of automobiles dashboards that provide high resolution and reliability to the driver is gaining prominence across the globe. Furthermore, the increasing demand for compact-sized display panels and 4K television variants are contributing to the market growth. Moreover, the rising penetration of electronic devices, such as smartphones, tablets and laptops among the masses, is creating a positive outlook for the market. Other factors, including inflating disposable incomes of the masses, changing lifestyle patterns, and increasing investments in research and development (R&D) activities, are further projected to drive the market growth.

The competitive landscape of the TFT LCD panel market has been studied in the report with the detailed profiles of the key players operating in the market.

The key factors that drive the market of a display factory are mother glass size, product size, panels per sheet, process yield, and operating efficiency. For example, to manufacture 820 million smartphone displays per year of 6-in diagonal size in Gen 6 fabs, approximately 380,000 (or 380K) MG sheets per month will be required to be processed at 85% yield and 85% operating efficiency. As an additional example, to manufacture 35 million TV displays per year of 55-in diagonal size in Gen 8.5 fabs, approximately 640,000 (640K) MG sheets per month will be required to be processed at 90% yield and 85% operating efficiency

Also, surging demand for smart consumer electronics, the emerging number of manufacturing facilities, and the low cost of labor in counties such as India, Pakistan, Bangladesh, etc.,  are some of the factors that are supporting the market growth of the display panel in the countries. Moreover, due to the low cost of manufacturing in the countries, numerous companies announced the establishment of their new OLED and LCD panel manufacturing plants.

are AU Optronics Corporation, BOE Japan Co. Ltd, Innolux Corporation, LG Display Co. Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Sharp Corporation, Hisense Co. Ltd, Toshiba Corporation, Sony Corporation, etc., are some of the prominent players operating in the display panel market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Based on the type of display, the market is fragmented into LCD, OLED, and Others (AMOLED, MicroLED, etc)  The OLED segment grabbed major market share in 2020 and dominated the market. The advantage of OLED displays such as s being light in weight and their flexibility, have enabled them to gain a competitive advantage over other segments. The OLED technology is recognized as a lighter and thinner alternative than conventional LED and LCD systems. In addition, OLED panels do not require any type of backlighting compared to LCD. Stable performance in sunlight is an additional advantage of OLEDs.

Based on the resolution, the market is fragmented into 8K, 4K, HD, and Others. The 8K segment grabbed the major market share and dominated the market. 8k TVs have 4 times as many pixels as their 4k counterparts and a shocking 16 times as many pixels as a 1080p TV. These extra pixels should make a significant difference in picture quality.  Moreover, the player is launching products with 8K resolution, n August 2019, Sharp Corporation launched the Sharp 8M-B80AX1U 80″ Class 8K Ultra HD LCD. This display offers ultimate high definition, conforming to the 8K Ultra HD standards and pixel resolution 16 times greater than Full HD and four times greater than 4K.

Based on the application, the market is fragmented into Smartphones & Tablets, PC & laptops, televisions, and Others. The smartphones & tablets segment grabbed the XX% market share in 2020. and dominated the market. The growing adoption of smartphones coupled with the availability of phones and tablets at reasonable prices leads to the growth of the segment.

For a better understanding of the market adoption of the display panel market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific region grabbed XX% market for the display panel Market industry and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years

The display panel market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

New York, USA, May 12, 2021 (GLOBE NEWSWIRE) -- A report was recently published by Research Dive titled, “Display Panel Market, By Type (LCD, OLED), By Product Type (Rigid, Flexible, and Foldable), Application (Tablets and Mobile Phones, Television, Digital Signage, Automotive, Others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2027”.

Increasing demand for display panels for various electronic devices is predicted to be the major driving factor for the display panel market in the forecast period. Display panels are mostly used in various devices such as television, smartphones, smart watches, infotainment systems in automobile and many more. The advancement in technology for flexible panels is predicted to be one of the major driving factors for the display panel market in the forecast period. Many manufacturers are focusing more on developing a variety of products to the consumers, which is predicted to create more investment opportunities in the market during the forecast period. For instance, Nubia’s launched a 4-inch flexible smartphone which can be adjusted on your wrist and can function as a phone as well as a watch at the same time.

Production cost of display panels is very high which is predicted to be the biggest restraint for the display panel market in the forecast period. Due to the increase in the production cost the average selling price of devices increases, which affects the profitability of the manufacturer and predicted to hinder the market growth in the forecast period.

Checkout How COVID-19 impacts the Display Panel Market. Click Here to Speak our Expertise before buying Report & Get More Market Insights @ https://www.researchdive.com/connect-to-analyst/390 By product type, the flexible panel sub-segment is predicted to see significant growth with a revenue of $35.726.0 million at a CAGR of 11.7% in 2019. The need to implement lighter yet durable panels that are also thinner in dimensions is preferred today, which has added to the growth of the market.

With the panels of the screens getting thinner, it risks the chances of damaged without the appropriate professional help. The complicated process along with high cost of production can be a hindrance to the growth of the market.

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.

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.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the liquid crystal display (LCD)digital 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 new report by Expert Market Research titled, ‘Global TFT-LCD Display Panel Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the globalTFT-LCD display panel market, assessing the market based on its segments like size, application and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The current worldwide TFT-LCD display panel market is being driven by rising demand for flat panel TVs, high-quality smartphones, tablets, and car monitoring systems, as well as the expanding gaming industry. The flat panel display dominates the global display industry, with TFT-LCD display panels being the most popular flat panel type and is being driven by significant demand from growing nations, particularly those in Asia Pacific such as India, China, Korea, and Taiwan, among others. The increased demand for consumer electronics such as LCD TVs, PCs, laptops, SLR cameras, navigation devices, and others has aided the industry’s growth.

TFT-LCD displays are a type of liquid crystal display in which each pixel is connected to a thin film transistor. TFT has been used in all LCD computer screens since the early 2000s because it has a faster response time and greater colour fidelity. They are in high demand in practically all sectors where displays are required due to their advantageous qualities like as light weight, slimness, high resolution, and low power consumption. TFT-LCD display panels, despite their bigger dimensions, are more practical since they can be viewed from a broader angle, are not prone to reflection, and are lighter in weight than classic CRT TVs.

The global TFT-LCD display panel market is being pushed by rising household demand for average and large-sized flat-screen televisions, as well as rising desire for small, high-resolution smart phones with large screens. The growing demand for portable and small-sized tablets in the educational and commercial sectors has also contributed to the growth of the TFT-LCD display panel market. Expanding demand for vehicle displays, a thriving gaming industry, and the growing popularity of 3D movies are all important market drivers. Despite concerns about market oversupply, shipments of large TFT-LCD display panels increased again in 2020.

With more than one-third of the global share, North America is the largest market for TFT-LCD display panels. It is closely followed by the Asia-Pacific area, which includes nations such as India, China, Korea, and Taiwan, which are key rising markets for TFT-LCD display panels. China and India are two of the region’s fastest developing economies. The expansion of demand in these regions has been aided by the expansion of their economies, an increase in disposable incomes, and an increase in desire for consumer electronics.

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 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.

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)

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.

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.

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.

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.

The global smartwatch display panel market size was valued at $1.21 billion in 2020, and is projected to reach $4.06 billion by 2030, registering a CAGR of 14.1% from 2021 to 2030. Smartwatch is a next-generation wearable computer in the form of a watch. It offers some of the prominent features such as text messaging, emails, appointments, app alerts, and voice calls. Hence, to have seamless experience of smartwatch, smartwatch display panel is the most important and key component of the watch.

The smartwatch display panel is generally less than 2 inches, which increases the need for high resolution in pixels per inch to provide sharp and easy-to-read fine text and graphics. In addition, it needs to produce fairly bright images, as watches are often viewed in high ambient light. A larger color gamut is required to counteract color washout from ambient light. Moreover, vibrant saturated colors are helpful while reading text and graphics information. Thus, smartwatch display panel market plays a crucial role in sales of smartwatches globally.

Emergence of large number of players in the smartwatch industry is the prime reason that drives the growth of the smartwatch display panel industry. Furthermore, high demand for flexible display technology accelerates the growth of the smartwatch display panel market. Moreover, increase in health awareness among consumers is opportunistic for the market growth. Considering these factors, the smartwatch display panel market is anticipated to witness substantial growth in the future.

Increase in pixel density is expected to offer lucrative growth opportunities for the market during the forecast period. However, smartwatch display panels consume significant energy, which is expected to hamper the market growth during the forecast period. On the contrary, some of the other factors driving the market growth are rise in demand for connected devices and increase in disposable income.

COVID-19 notably impacted both consumers and the economy. Electronics manufacturing hubs have been temporarily working at low efficiency to curb the spread of COVID-19. This has majorly affected the supply chain of semiconductor market by creating shortages of materials, components, and finished goods. Lack of business continuity has negatively impacted the revenue and shareholder returns, which are expected to create financial disruptions in the smartwatch display panel industry. However, the smartwatch display panel market is estimated to recover by the mid of 2021 with rapid technological advancements. Moreover, market players are deploying various strategies such as product launch, partnership, and agreement to boost the smartwatch display panel market growth during the forecast period.

The global smartwatch display panel market is segmented into panel type, display technology, display type, application, and region. On the basis of panel type, the market is bifurcated into rigid display and flexible display. The rigid display segment is further classified into round and square. The rigid display segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. Depending on display technology, the market is segregated into LED-backlit LED and OLED. The LED-backlit LCD segment was the major revenue contributor in 2020, and is anticipated to witness significant market share during the forecast period. By display type, the market is fragmented into monochrome and colored. The market share for the colored segment was highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030.

As per application, the market is differentiated into personal assistance, medical & health, fitness, and personal safety. The market share for the personal assistance segment was highest in 2020, however, the medical & health segment is expected to grow at a high CAGR from 2021 to 2030.

Significant factors that impact the growth of the smartwatch display panel market include emergence of large number of players in the smartwatch industry, high demand for flexible display technology, and increase in health awareness among the consumers. However, high energy consumption of smartwatch display panels hampers the market growth. On the contrary, increase in pixel density is expected to offer lucrative opportunities for the smartwatch display panel market during the forecast period.

Competitive analysis and profiles of the major smartwatch display panel market players such as AU Optronics, BOE Technology Group Co., Ltd., Everdisplay Optronics (Shanghai) Co., Ltd., Futaba Corporation, Japan Display, LG Electronics, Samsung Electronics Co., Ltd., Sharp Electronics, Truly Opto-electronics Ltd., and Visionox are provided in this report. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

Key Benefits for StakeholdersThis study comprises analytical depiction of the smartwatch display panel market trends along with the current trends and future estimations to depict the imminent investment pockets.

The global wireless display market size was USD 3.82 Billion in 2021 and is expected to register a revenue CAGR of 11.0% during the forecast period. Increased use of laptops, smartphones, monitors, tablets, and smart television has increased the use of sophisticated technologies such as wireless displays, in a range of applications, driving the wireless display market revenue growth. Wireless displays can be accessed wirelessly from another device, such as a laptop, tablet, or smartphone. At its most basic level, wireless displays allow users to send contents from one device to another different screen without using a video wire, such as High-Definition Multimedia Interface (HDMI) cords. For instance, wireless screen mirroring and modern collaboration devices have become a prerequisite in meeting rooms currently. In recent years, HDMI and Audio Visual (AV) cabled displays are not only considered outdated but also obsolete due to the absence of HDMI and AV ports in modern devices.

Wireless display technologies are gaining popularity as it allows any sort of display to be accessed remotely, including light-emitting diode (LED) panel, liquid-crystal display (LCD) panel, projectors, and others. Advanced functionalities such as streaming web content from external sources are also made possible by wireless technology. Growing demand for digital signage or Digital Out-Of-Home (DOOH) and innovative wireless display solutions are encouraging manufacturers to develop next-generation display solutions. Mobile computing in the form of tablets, smartphones, and the Internet of Things (IoT) are the two major trends driving the need for or continuous development of wireless display technology. According to research, current global smartphone user population is 6.65 billion, which indicates that 83.72% of the global population uses a smartphone and the figure is expected to reach 7.52 billion by the end of 2026. Furthermore, it also states that smartphones will be used by 72.6% of all internet users to browse websites. Wireless display technology is embedded and integrated into the chip known as wireless display adapter for smartphones. The display adapter allows users to mirror their phone"s screen and display the content. Wireless display technology allows smartphone or tablet displays to be wirelessly shown on a user"s television and can handle a maximum resolution of 1980x1080. Smartphone technology is advancing at a rapid rate with increased adoption of innovative wireless display solutions, which is boosting revenue growth of the market.

Integration of traditional digital signage and wireless display is a recent trend in the information technology (IT) industry driving demand for wireless displays. Companies and organizations are increasingly adopting cloud-based wireless digital signage display technology for advertising their products, services, events, and others, as it gives them the benefit to store and backup their content and data, which is boosting revenue growth of the wireless display market. Companies can manage their content wirelessly as long as they are connected to the Internet, which is one of the key factors driving demand for wireless digital signage solutions. Rising research and development (R&D) activities in wireless digital signage is expected to boost revenue growth of the wireless display market. On 22 January 2020 for instance, Vivitek, which is a leading manufacturer of visual display and presentation products, announced NovoDisplay, an all-in-one flat screen solution. NovoDisplay integrates three key functions - 4K-UHD display, wireless collaboration capabilities, and digital signage, to create one productivity, boosting revenue growth of the market.

Existing and upcoming wireless display technologies have various advantages over HDMI or any other cord-based display technology; for instance, mobility freedom and quick and easy connection to the display. It provides users the freedom to use large screens anywhere at their convenience. Furthermore, during and after the COVID-19 pandemic, video conferencing has become crucial for many enterprises. Wireless display solutions not only make the video conferencing wireless and remotely accessible but also comes with additional features such as split-screen that allow users to split the screen into different parts for multiple purposes. On 20 October 2020 for example, EZCast launched QuattroPod USB, which allows up to four people to share information from any device on the main display. Also, rising trends such as Bring-Your-Own-Device (BYOD) are expected to boost revenue growth of the market. Wireless display solutions are compatible with all kinds of advanced operating systems such as smartphones, laptops, tablets, and other devices, unlike conventional display solutions where users had a hard time finding wires, which were compatible with their device.

However, wireless display needs huge investments to install and maintain, which becomes unaffordable in developing countries. Technical errors such as troubleshooting issues, hardware malfunctions or bugs, network security issues, vulnerability to cyber-attacks, and power outages might impair the functionality of wireless displays. Furthermore, the upfront expenditures of purchasing LCD and LED display modules are high. There are also types of other fees such as repair, maintenance, and upgrade costs, which many people can’t afford in the initial stage of their business. These factors are expected to restrain revenue growth of the market.

On the basis of offering, the global wireless display market is segmented into hardware and software. The hardware segment accounted for largest revenue share in 2021. Hardware components include wireless display panels, banners, LED, LCD screens, and others. There is a rising demand for display signage owing to recent technological advancements and innovation in display technology, such as 1080p display, 4K display, and introduction of 8K display. Moreover, there is also an increased demand for wireless displays in the commercial sector owing to advancements in 3D technology such as glass-free 3D display panels used for advertisements to attract customers, which is expected to drive revenue growth of the segment.

The software segment accounted for a moderate revenue share in 2021. Wireless display software is a highly useful technology that makes viewing multimedia more attractive for consumers. Without the need for any cables or wires, users can project their photographs, movies, or other information from their desktop to a bigger compatible screen by using wireless display software, which is driving revenue growth of the segment.

On the basis of application type, the global wireless display market is segmented into residential and commercial. The commercial segment accounted for largest revenue share in 2021 owing to increased demand for wireless displays for advertising and broadcast purposes and in sectors such as government sectors, healthcare, and educational institutes. Wireless digital signage has been more effective for businesses, which are aiming to increase customer engagement. Integration of advanced technology, on the other hand, makes it easier to use, reduces prices, and adds futuristic capabilities to the workplace and consumer contexts. Digital advertising with wireless technology has become the greatest alternative for several firms, allowing them to employ creative digital displays as per their requirements. There is a high demand for wireless digital signage as it has several brand-enhancing effects, including encouraging customers to spend 30% more time in stores, reducing perceived checkout wait times by up to 35%, and increasing sales volume by 31.8%.

The residential segment accounted for a moderate revenue share in 2021. Increasing adoption of Over-The-Top (OTT) based content is expected to boost revenue growth of the segment during the forecast period. With the emergence of OTT platforms, online web series have played an important role for audiences’ entertainment. OTT platforms, with their new, novel, and path-breaking content, are the harbingers of this digital revolution, as the audience"s attention dwindles, and the frontiers of societal norms broaden. Web series are becoming increasingly popular due to their content, along with their ease of access and affordability. Without wireless display technology such as miracast, WiDi, and others, OTT platforms are limited to small devices. There is an increased demand for such technologies as they allow multimedia content to be shared between miracast-compliant devices. It allows users to share multimedia between devices (smartphones to bigger display devices), such as HD video and photos, without the use of an HDMI connection, which is expected to boost revenue growth of the segment.

On the basis of technology protocol, the global wireless display market is segmented into WirelessHD, WiDi, Miracast, Airplay, Google Cast, DLNA, and others (WHDI, WiGig, and UWB). The Google cast segment accounted for largest significant revenue share in 2021. Google Cast is a Google-developed proprietary protocol for playing internet-streamed video and audio on supported devices. There is a high demand for Google cast due to its capacity to compete with a wide range of devices, as well as its widespread availability in the market and user-friendly features. It"s also appropriate for a wide range of personal, commercial, and gaming purposes, which is driving revenue growth of the segment.

The airplay segment accounted for moderate revenue share in 2021 because of its widespread use in digital games that need numerous displays and high-end graphics. Apple Incorporation created Airplay, a proprietary protocol that allows video, audio, photographs, and device displays to be wirelessly streamed between devices with associated information. Airplay has high sound quality as it has greater bandwidth available, allowing it to transmit lossless files, which is a key factor driving revenue growth of the segment.

The wireless display market in North America accounted for largest revenue share in 2021, mainly due to the implementation of advanced manufacturing methods, as well as technical advancements in the field of wireless displays. Furthermore, strong presence of a tech-savvy population is leading to rising use of smartphones, smart TVs, tablets, and PCs, as well as increased demand for visual advertising and promotional methods in commercial spaces is boosting the market growth in this region.

Asia Pacific accounted for second-largest revenue share in 2021 as the overall cost of constructing and deploying wireless display systems in the region is very cost-effective. Furthermore, Chinese companies have increased their investments in developing wireless display technology. On 8 March 2022 for instance, BenQ Corporation, which is a well-known Taiwanese producer of visual display solutions on a global scale, launched InstaShow S WDC20C, a Wireless Presentation System (WPS). It guarantees that conference attendees can simply and quickly present a plethora of content from a number of sources, including the latest USB-C-enabled computers. In addition, companies such as LG Electronics (LG), which is India’s leading provider of innovative, customizable, and feature-packed commercial display and digital signage products and solutions, is focusing on creating solutions for businesses, making the work easier, convenient, and accessible. On 17 December 2021 for instance, LG launched LG One, in New Delhi. LG One is a wireless display technology that was developed for a quick, easy-to-use, all-in-one solution for homes and offices. It will make working from home easier and convenient for consumers.

Europe accounted for third-largest revenue share in 2021. Rising innovation and development of wireless display and presence of key market players in this region are driving the market revenue growth. Furthermore, emergence of startups investing in wireless displays is also contributing to the market revenue growth. On 29 January 2021 for instance, Airtame, which is a Danish start-up, raised USD 5.24 Million to take its wireless screen-sharing solutions international.