USD 156.9 billion
Global Display Market Size, Share, Growth Analysis, By Technology(LCD, OLED), By Type(Flat Panel, Flexible Panel), By Product(Smartphones, Smart Wearables) - Industry Forecast 2023-2030
Report ID: SQSG45J2035 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 96 | Figures: 76
Global Display Market Insights
Display Market size was valued at USD 156.9 billion in 2021 and is poised to grow from USD 168.3 billion in 2022 to USD 297.1 billion by 2030, growing at a CAGR of 7.35% in the forecast period (2023-2030).
Display includes screens that project information such as images, videos, and texts. These display screens utilize numerous technologies such as light-emitting diode (LED), liquid crystal display (LCD), organic light emitting diode (OLED), and others. Also, it is majorly used in consumer electronic devices such as TV, laptops, tablets, laptops, smart watches, and others. The emergence of advanced technologies offers enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, transportation, and others. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the market.
US Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
LCD
Fastest Growth
LCD
Growth Rate
7.35% CAGR
Global Display Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Display Market Size by Technology, 2022-2028 ($ Bn)
Global Display Market Size by Technology, 2022-2028 (%)
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Global Display Market Segmental Analysis
The Global Display Market is segmented based on Technology, Type, Product and Region. Based on Technology Display Market is categorized into LCD, OLED, Direct-View LED and Micro-LED. The Display Market segment is bifurcated into Flat Panel, Flexible Panel and Transparent Panel. By Product, the Display Market study is segmented into Smartphones, Smart Wearables, Television, Signage, Tablets, Computers, Vehicle Display and Others. Based on the region Display Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Display Market Analysis by Technology
Based on Technology, the market is segmented into OLED, LED, Micro-LED, Direct-View LED, LCD, And Others. Over the previous few decades, LCD technology has been widely used in display products. LCD-based devices are currently used in a variety of areas, including retail, corporate offices, and banks. During the forecast period, however, LED technology is expected to grow at a rapid pace. The market for LED technology is being driven by advancements in LED technology and its energy-efficient nature. High competition from newer technologies, a disruption in the supply-demand ratio, and a drop in LCD display panel ASPs are likely to force the LCD display industry into negative growth throughout the projection period.
Display Market Analysis by Type
Based on 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.
Display Market Analysis by Product
The market for smartphones is expected to hold a major share of the market. This growth will be propelled mainly by the increasing adoption of OLED and flexible displays by smartphone manufacturers. Shipment of high priced flexible OLED displays are increasing at a rapid rate; this trend is expected to continue during the forecast period. The smart wearables segment has emerged as the new growth avenue for the global market. The demand for these devices is increasing rapidly, and with the high adoption of AR/VR technologies, the demand for smart wearables is expected to increase exponentially during the forecast period.
Global Display Market By Technology, 2021 (%), 2021 (%)
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Global Display Market Regional Insights
Asia Pacific is leading the global display market, due to a rise in the number of display panel manufacturing plants and high rate of adoption of OLED displays in the region. Different companies have established their new OLED and LCD panel manufacturing plants in Asia Pacific. The consumer electronics, retail, BFSI, healthcare, transportation, sports & entertainment sectors are expected to fuel the display market in Asia Pacific.
North America is predicted to develop at a healthy rate in terms of revenue over the projection period. Because of their high disposable income, consumers are adopting technologically improved electronic products, which is driving market expansion.
Global Display Market By Geography, 2022 - 2028, 2023-2030
- Largest
- Fastest
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Global Display Market Dynamics
Display Market Driver
- 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 display market. The growing demand for OLED-based products and technological advancements and the development of smart wearable devices drives the market further.
- 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. The usage of organic light-emitting diode screens in smartphones and televisions assist in the expansion of the market.
- 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.
Display Market Restraint
- Availibility of widescreen alternatives, such as projectors and screenless displays, and decline in demand for displays from retail sector because of shift towards online advertisement are expected to obstruct market growth.
- Higher cost involved in manufacturing the display panel is considered to be the major restraint for the market in the forecast period. The thin structure and complicated process of making display panels makes it difficult for the manufacturers to get maximum profit as there are high chances of damaging the display panels, which is predicted to hinder the market growth in the forecast period.
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Global Display Market Competitive Landscape
The Smartphone Market is highly competitive, with the presence of large number of players in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Samsung Electronics, LG Display, BOE Technology, AU Optronics, Hannstar Display Corporation, Panasonic Corporation, Japan Display Inc., Sharp Corporation and Innolux are among the major contributors in the display market.
Display Market Top Player’s Company Profiles
- Samsung Electronics Co., Ltd.
- LG Display Co., Ltd.
- BOE Technology Group Co., Ltd.
- Innolux Corporation
- AU Optronics Corp.
- Japan Display Inc.
- Sharp Corporation
- Tianma Microelectronics Co., Ltd.
- CSOT (China Star Optoelectronics Technology)
- Visionox Technology, Inc.
- Everdisplay Optronics Ltd.
- Truly International Holdings Limited
- HannStar Display Corporation
- CPT Technology (Chunghwa Picture Tubes Ltd.)
- E Ink Holdings Inc.
- Panasonic Corporation
- NEC Display Solutions, Ltd.
- Sony Corporation
- Koninklijke Philips N.V.
- Hisense Co., Ltd.
Display Market Recent Developments
- In 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 February 2020, A new 14-meter Onyx Cinema LED screen has been unveiled by Samsung Electronics. The Onyx screen is placed at the HOYTS Entertainment Quarter in Moore Park in Sydney, Australia. It is the first of this kind of screen installed in Australia.
- 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.
Global Display Key Market Trends
- Foldable displays have been gaining popularity in tablets, smartphones, and notebooks for the last few years. Increase in adoption of OLED and flexible displays by smartphone manufacturers is further boosting the global display market
- Companies like Samsung and LG are mass-producing flexible OLED display panels for smartphones, television sets, and smartwatches.
Global Display Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the growing demand for OLED-based products and technological advancements and the development of smart wearable devices drives the product market. Higher cost involved in manufacturing the display panel is considered to be the major restraint for the market.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 156.9 billion |
| Market size value in 2030 | USD 168.3 billion |
| Growth Rate | 7.35% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Display Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Display Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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