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: 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 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.

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

IPS Display Market Insights

IPS Display Market Report Snapshots

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