USD 62.1 billion
IPS Display Market Size, Share, Growth Analysis, By Type(AH-IPS, E-IPS, and Others), By Application(Smartphones & Tablets, TVs, PCs, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2217 |
Region:
Global |
Published Date: March, 2024
Pages:
182
|Tables:
64
|Figures:
71
IPS Display Market Insights
Global IPS Display Market size was valued at USD 62.1 billion in 2022 and is poised to grow from USD 66.07 billion in 2023 to USD 108.53 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
IPS or In-Plane Switching technology is widely adopted by the consumer electronics sector. IPS technology is enhancing the performance of smartphones, laptops, monitors, and televisions compared to other display technologies. The emerging trend of high resolution and high dynamic range (HDR) technology is driving the market growth. The increasing demand for consumer electronics such as televisions integrated with 4K or 8K resolutions are contributing to the increasing demand for IPS display technologies. The gaming industry is also significantly influencing the sales of IPS displays. The rising consumer demand for display quality is leading to high demand for advanced IPS displays. The smartphone market is the major consumer of IPS technology. Furthermore, the growing demand for high-performance monitors for various applications such as content creation, gaming, or professional use is driving the market growth.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
AH-IPS
Fastest Growth
E-IPS
Growth Rate
6.4% CAGR
Global IPS Display Market ($ Bn)
Country Share for Asia Pacific Region (%)
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IPS Display Market Segmental Analysis
The global IPS display market is segmented based on type, application, and region. In terms of type, the market is segmented into AH-IPS, E-IPS, and others. Based on application, the market is bifurcated into smartphone and tablet, TVs, PCs, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
AH-IPS (Advanced High-Performance In-Plane Switching) display segment holds the dominant market share. AH-IPS displays are well known for their superior color accuracy and consistency across various angles. This feature makes them suitable in applications where precise color reproduction is important such as content creation or graphic design. AH-IPS displays are finding extensive application in professional settings such as video production, design studios, and medical imaging. Versatility and advanced features are increasing their use in gaming and multimedia sectors.
E-IPS (Enhanced In-Plane Switching) displays are gaining high demand across various sectors. E-IPS displays are considered cost-effective compared to other advanced display technology, and this is leading to their high demand in applications such as budget monitors and entry-level laptops. E-IPS is also gaining importance in educational and corporate markets. The cost-effectiveness of these technologies is increasing their demand in the education sector to meet the requirements of users who need reliable and consistent visual quality to conduct everyday tasks.
Analysis by Application
Smartphones and tablets hold a significant global market share. The rapidly growing smartphone sector is directly influencing the sales of IPS display technologies. Consumers' growing demand for high-quality displays is increasing opportunities for IPS display manufacturers to earn high profits. IPS display technologies are compatible with touch-sensitive technologies which makes them ideal for smartphones and tablets that heavily rely on touch interfaces.
The application of IPS display technologies in TVs is increasing at a robust pace. Several TV manufacturers are using IPS display technologies across various models to ensure a consistent viewing experience. The growing demand for high-resolution televisions is further influencing the adoption of IPS displays. Unlike other traditional display technology IPS display technology offers high-quality color and contrast degradation.
Global IPS Display Market By Type
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IPS Display Market Regional Insights
The Asia Pacific region dominates the global IPS display market. The presence of key markets such as China, India, Japan, and South Korea is majorly contributing to the market growth in Asia Pacific. Asia Pacific is home to the leading IPS display manufacturers and this is benefiting it through the robust supply chain. The increasing disposable income, rapid urbanization and growing demand for advanced consumer electronics are boosting the demand for IPS display technologies. Asia Pacific has a large market for consumer electronics which is directly influencing the market growth.
Sales of IPS display technologies in North America are increasing at a rapid pace. The United States and Canada have a high presence of consumer electronics. Technological advancements and continuous research and development activities are leading to the development of advanced IPS display technologies. The craze of gaming in North America is also increasing the demand for high-performance monitors, premium smartphones, and professional monitors which is significantly influencing the sales of IPS display technologies.
Global IPS Display Market By Region
- Largest
- Fastest
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IPS Display Market Dynamics
Drivers
- Growing Demand for High Quality Visuals
The growing preference of consumers to enjoy their content in high definition and utmost clarity has resulted in growing demand for better displays around the world, which is slated to benefit sales of IPS displays over the coming years. Increasing emphasis on immersive and better visual experiences among consumers is slated to bolster IPS display market growth in the future.
- Advancements in Display Technology
IPS display technology is evolving at a rapid pace as companies are investing heavily in the research and development of novel displays with better resolution and enhanced refresh rates. Therefore, the development of new display tech will surely bolster the market growth across the forecast period.
Restraints
- Competitive Pricing
The market is highly competitive, and this is why IPS display suppliers need to price their products very competitively and this has a negative effect on profit margins, which ultimately trickles down to slowed IPS display market growth in the long term. This pricing pressure also discourages manufacturers from innovating.
- Limited Production Scope for High Quality Panels
IPS display panels of extremely high quality require special equipment for manufacturing, which is not possible for all manufacturers to procure. This is why there is a limited availability of high-quality IPS panels in the global marketplace, which is slated to slow down market growth as well.
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IPS Display Market Competitive Landscape
IPS display companies are focusing on diversification of their distribution bases and try to explore new applications in automotive and healthcare space to generate new streams of revenue. IPS display market players are also investing heavily in the research and development of novel display technologies to enhance the visual appeal of their products to maximize sales. Companies can also collaborate and partner with other IPS display market players to fast-track product development and innovation over the coming years. IPS display providers are leveraging the digital transformation trend to their benefit and bolster their sales potential across the forecast period.
Top Player’s Company Profiles
- Samsung Electronics Co., Ltd.
- AsusTek Computer Inc.
- Innolux Corporation
- Japan Display
- Dell
- Chi Mei Optoelectronics
- LG Display
- Lenovo Group Limited
- Acer Inc.
- BOE
- Sharp Corporation
- Panasonic Corporation
- AU Optronics
- Tianma Microelectronics Co. Ltd.
- WINSTAR Display Co., Ltd.
- ViewSonic
Recent Developments
- In March 2024, MSI, a renowned Taiwanese multinational tech conglomerate, announced the launch of its new gaming monitor called MAG 322UPF. The new monitor features a 4K resolution and a fast IPS display panel.
- In March 2024, BenQ, a renowned consumer electronics company, announced the launch of its two new monitors with IPS display panels in India. Both monitors featured a 100 Hz refresh rate and a high resolution suited for a multitude of applications.
- In August 2023, Vivo, a Chinese multinational tech organization announced the launch of a new smartphone featuring an IPS LCD display panel. The new Y77t smartphone was launched in China with display flaunting a 120Hz refresh rate.
IPS Display Key Market Trends
- Integration in Automotive Applications: IPS displays are increasingly being used in navigation and infotainment systems for different vehicles owing to growing use of advanced digital technologies in the automotive space. IPS display providers can focus on collaborating with automotive companies to expand their business scope in the long run.
IPS Display Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing sales of consumer electronics and rising use of displays in different industry verticals are projected to bolster the demand for IPS displays over the coming years. Advancements in display technology will also augment the IPS display market development potential across the forecast period and beyond. However, competitive pricing and low-profit margins are forecasted to hamper the sales of IPS displays in the future. The presence of key electronics manufacturers and surging demand for consumer electronics make the Asia Pacific region the largest market for IPS display companies in the long run. IPS display companies can improve their business and revenue generation scope if they widen the horizons of application of IPS displays.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 62.1 billion |
| Market size value in 2031 | USD 108.53 billion |
| Growth Rate | 6.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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 IPS 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 IPS 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 IPS 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 IPS 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 IPS Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the IPS 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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