Report ID: SQMIG45B2127
Report ID:
SQMIG45B2127 |
Region:
Global |
Published Date: June, 2024
Pages:
165
|
Tables:
154 |
Figures:
78
Global Display Market size was valued at USD 152.46 Billion in 2022 and is poised to grow from USD 157.8 Billion in 2023 to USD 207.79 Billion by 2031, growing at a CAGR of 3.5% during the forecast period (2024-2031).
The display market is to witness immense growth in the coming years, mainly due to the increasing demand for advanced display technologies throughout residential, commercial, and industrial sectors. This development is further driven by the rising awareness of energy-efficient display solutions and rising focus on sustainability. Strict regulations encouraging energy conservation coupled with the requirement for cost-efficient and innovative display options are positively influencing the market growth.
Various technologies, like light-emitting diodes (LEDs), liquid crystal displays (LCDs), organic light emitting diodes (OLEDs), are utilized in the display panels. Furthermore, it plays a vital part in consumer electronics such as TVs, computers, tablets, laptops, and smart watches. Businesses like consumer electronics, retail, sports & entertainment, transportation can profit from enhanced visualizations by the advancement of modern technology. In the consumer electronics and entertainment industries, the popularity of 3D displays is increasing rapidly. Moreover, flexible display technologies are gradually becoming common. Innovative display technologies such as organic light-emitting diode (OLED) have become a vital part in items like televisions, smart clothing, cell phones, and other gadgets. For attracting more customer smartphone manufacturers are also utilizing flexible OLED screens. The market is also creating energy-efficient gadgets, primarily for wearable technology. Currently, many sectors like entertainment, business, transportation, retail, hospitality, education, and healthcare have started utilizing different types of displays.
US Display Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45B2127