Global Digital Calipers with OLED Display Market - Industry Trends and Forecast to 2031

Digital Calipers with OLED Display Market Analysis and Size

Digital calipers with an OLED display are measuring tools that use a digital screen to show precise measurements. Unlike traditional calipers, these have a modern display using OLED technology, making it easier to read measurements with clear, bright numbers. They are useful in various fields such as machining, carpentry, and engineering, providing accurate and easy-to-read results for precise measurements.

Data Bridge Market Research analyzes that the global digital calipers with OLED display market was valued at USD  560 Million in 2023 and is expected to reach USD 890 Million by 2031, registering a CAGR of 4.6% during the forecast period of 2024-2031. Technology segments account for the highest market share due to the increasing usage of equipment among the consumer. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

The global market for digital calipers with OLED displays refers to the worldwide trade of measuring tools that use digital technology and feature OLED screens to show measurements. These calipers provide precise and easy-to-read measurements, enhancing accuracy in various industries. The market encompasses the production, sale, and use of these advanced calipers, serving various applications such as manufacturing, engineering, and scientific research.

Global Digital Calipers with OLED Display Market Dynamics

Drivers

• Demand for the Digitized Promotion

The increase in demand for the digitized promotion of products and services to attract the attention of the target audience acts as one of the major factors driving the market's growth. The growing demand for OLED-based products, technological advancements, and the development of smart wearable devices drive the market growth.

• Demand for 4K Digitized Sign Displays

The rise in demand for 4K digitized sign displays with embedded software and media players accelerates the market growth. These signs deliver customers an affordable Ultra HD digital signage solution that positively impacts the market.

Opportunity

• Rising Technologically Advanced Products

The emergence of innovative products, such as leak detector systems, home monitoring systems, and complicated monetary products further influence the market. The usage of organic light-emitting diode screens in smartphones and televisions assists in the expansion of the market.

• Increasing focus towards growth and expansion

The major market players are mostly shifting their focus towards innovative and new industrial display products in the market and developing their production capacities and features such as improved contrast ratio, high resolution, readability, wide temperature range, rugged, durability, higher display brightness, environmental stability and low power consumption. These industrial display products are manufactured in a way that would aid in compliance with stringent guidelines.

Restraint/Challenge

• Availability of Widescreen Alternatives

On the other hand, the availability of widescreen alternatives, such as projectors and screenless displays, and the decline in demand for displays from the retail sector because of a shift towards online advertisement are expected to obstruct market growth. Also, the high costs associated with new display technology-based products and emerging new display concepts are projected to challenge the market growth.

Recent Development

• In November 2020, Sharp launched the new massive 8K Ultra-HD professional LCD in November’2020. This display packs in 33 million pixels and employs a wide color gamut color filter coupled with optimized LED backlight phosphors
• In July 2020, LG launched LSAA LED signage series, one of the most advanced LED signage system. This new series provides design, giant-screen performance, and integration with cable-less block assembly design

Global Digital Calipers with OLED Display Market Scope

The global digital calipers with OLED display market is segmented on the basis of display type, product, technology, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Display Type

• Flat Panel Display
• Flexible Panel Display
• Transparent Panel Display

Product

• Automotive Display
• Smart Wearable
• Tablet
• Automotive Display
• Television
• Smartphone
• PC Monitor and Laptop
• Signage

End Use

• Automotive
• Healthcare
• Defence and Aerospace
• Education
• Sports and Entertainment
• Consumer
• Retail and Hospitality
• Banking, Financial Services and Insurance
• Transportation
• Industrial

Global Digital Calipers with OLED Display Market Region Analysis/Insights

Global digital calipers with OLED display market is analyzed and market size insights and trends are provided by country, component, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America is expected to dominate the market due to technological advancements, high industrial demand, and a robust manufacturing sector driving widespread adoption in the region.

Asia-Pacific is the fastest-growing region in the market due to robust manufacturing, technological expertise, and high demand.

The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Competitive Landscape and Global Digital Calipers with OLED Display Market Share Analysis

The global digital calipers with OLED display market is analyzed, and market size information is provided by country, display type, product, technology, and end use. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Global Digital Calipers with OLED Display Market are:

• Mitutoyo corporation (U.S.)
• Starrett company (U.S.)
• Hexagon ab (brown & sharpe) (Germany)
• Fowler high precision (U.S.)
• Tresna instrument (U.S.)
• Sylvac sa (France)
• Mahr gmbh (Germany)
• Ono sokki technology Inc (U.S.)
• Absolute digimatic (mitutoyo group) (U.S.)
• Wixey (U.S.)

SKU-70706