Displays have a wide range of applications, features, and uses that make them integral to various industries. They are utilized in consumer electronics, signage, automotive, healthcare, and more. Display technologies offer high resolution, vibrant colors, touch functionality, and energy efficiency. They are used for information display, entertainment, advertising, data visualization, and user interfaces. From smartphones and televisions to digital signage and dashboard displays, the versatility of displays enables immersive visual experiences, effective communication, and seamless interaction in numerous applications across industries.
According to Data Bridge Market Research, the Global Display Market is accounted at USD 150.40 billion in 2021 and is expected to reach USD 286.95 billion by 2029. The market is expected to grow with a CAGR of 8.41% in the forecast period of 2022 to 2029.
“Increasing demand for digitized promotion boosts the market’s growth”
The increasing demand for digitized promotion drives the growth of the display market. Businesses are shifting towards digital advertising and interactive displays to capture consumer attention and enhance engagement. Digitized promotion offers advantages such as dynamic content, targeted messaging, and real-time updates. This trend fuels the demand for various displays, including LED, LCD, and OLED, across retail, hospitality, transportation, and healthcare. The display market experiences growth as businesses recognize the effectiveness and versatility of digitized promotion in reaching and influencing their target audience.
What restraints the growth of the global display market?
“Availability of widescreen alternatives restraints the market’s growth”
The availability of widescreen alternatives can restrain the growth of the display market. With the increasing popularity of widescreen displays and ultrawide monitors, there is a shift in consumer preferences toward these alternatives. This can impact the demand for traditional aspect ratio displays, such as 16:9 or 16:10, limiting their growth potential. Widescreen alternatives offer a broader field of view and immersive visual experience, making them attractive to consumers. As a result, the traditional aspect ratio displays market may face challenges in maintaining market share and sustaining growth.
Segmentation: Global Display Market
The global display market is segmented on the basis of display type, product and end use and technology.
- On the basis of display type, the display market has been segmented into flat panel display, flexible panel display, and transparent panel display.
- On the basis of product, the display market has been segmented into automotive display, smart wearable, tablet, automotive display, television, smartphone, pc monitor, and laptop and signage.
- On the basis of end use, the display market has been segmented into automotive, healthcare, defence and aerospace, education, sports and entertainment, consumer, retail and hospitality, banking, financial services and insurance, transportation, and industrial.
- On the basis of technology, the display market has been segmented into direct-view LED, Micro-LED, OLED, and LCD.
Regional Insights: North America dominates the Global Display Market
North America dominates the display market due to the presence of dedicated suppliers and the increasing demand for displays in the retail industry. Dedicated suppliers offer a wide range of display options, while the retail sector drives demand for digital signage and interactive displays to enhance customer engagement and promotional efforts.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising awareness about the benefits of displays. Businesses and consumers are becoming more aware of the advantages of using displays for advertising, information dissemination, and enhancing visual experiences. This increased awareness drives the demand for displays across various industries and applications.
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Recent Developments
- In November 2020, Sharp has introduced a new professional LCD display, offering an impressive 8K Ultra-HD resolution. With a pixel count of 33 million, this display incorporates a wide color gamut color filter and utilizes optimized LED backlight phosphors.
- In July 2020, LG has unveiled the LSAA LED signage series, a highly advanced LED signage system. This new series combines exceptional design, superior giant-screen performance, and seamless integration with a cable-less block assembly design.
The Prominent Key Players Operating in the Global Display Market Include:
- Panasonic Corporation (Japan)
- LG Display Co., Ltd (South Korea)
- HannStar Display Corporation (Taiwan)
- AU Optronics Corp. (Taiwan)
- Chi Mei Corporation. (Taiwan)
- SAMSUNG (South Korea)
- SHARP CORPORATION (Japan)
- Schneider Electric (France)
- Siemens (Germany)
- Mitsubishi Electric Corporation (Japan)
- SONY INDIA. (India)
- FUJITSU (Japan)
- Chunghwa Picture Tubes, LTD. (Taiwan)
- Barco.(Belgium)
- BOE Technology Group Co., Ltd. (China)
- Innolux Corporation (Taiwan)
- Advantech Co., Ltd (Taiwan)
Above are the key players covered in the report, to know about more and exhaustive list of global display market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
