Global Display market

Display Market Size, Share, Growth Analysis, By Display Technology(LCD, OLED, Micro-LED, Direct-View LED), By Resolution(8K, 4K, FHD, HD), By Panel Size(Micro display, Small and Medium size Panels, Large Panels), By Panel Type(Fixed Panel, Flexible Panel), By Dimension(2D Display, 3D Display), By Product(Smartphones, Television Sets, Monitors & Laptops, Digital Signage & Large Formal Displays), By Vertical(Consumer electronics, Automotive, Sports & Entertainment, Transportation), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45B2127 | Region: Global | Published Date: June, 2024
Pages: 165 | Tables: 154 | Figures: 78

Display Market Insights

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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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 global display market is extremely competitive in nature due to the strong presence of leading vendors. Companies with extensive technical and financial resources are gaining a competitive edge because they can constantly launch new products in the market and attract more customers. The sector is also witnessing many strategic alliances, partnership, and acquisition which is not only helping the companies to discover new advanced products but also improve their market presence. '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'

Increasing Demand for Customizable Display Applications

Technological Developments in Display Features

North America is dominating the global display market with the largest revenue share. North America, especially the US, is a center for technological developments, and research & developments. Organizations in the region are leading in developing advanced display technologies like 4K, 8K, OLED, and LED. The growing emphasis on R&D in the region is also boosting the adoption of advanced displays. Moreover, North America has a strong and stable economy that encourages significant display technologies. Organizations are various sectors like retail, corporate, healthcare, and hospitality have the financial resources to invest in high-quality display solutions.

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Global Display market

Report ID: SQMIG45B2127

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