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

Q: What is the global market size of IPS Display Market?

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).

Q: Which region accounted for the largest share in Global IPS Display Market?

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.

Report ID: SQMIG45J2217 | Region: Global | Published Date: March, 2024
Pages: 182 | Tables: 64 | Figures: 71

IPS Display Market News

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 Market Report Snapshots

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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 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. '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'

Growing Demand for High Quality Visuals

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.

The Asia Pacific region dominates the 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.

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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

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