Global Curved Panel Market – Industry Trends and Forecast to 2029

Global Curved Panel Market Analysis and Size

Over the years, the quality of display has been improving and the advancement in digital technology has led to the development of curved panel. As these panels are designed to provide high quality digital content, it has been attracting a lot of attention from users. Electronic manufacturers have responded by incorporating curved panels into their devices and working to build high-resolution curved screens, which will eventually bolster the growth of the market. Moreover, the outlook for the curved panel market is entirely dependent on the outlook for the automotive industry, and consistent increasing demand for luxury automotive will result in the expansion of the market.

• Global Curved Panel Market was valued at USD 67.4 million in 2021 and is expected to reach USD 110.71 million by 2029, registering a CAGR of 6.4% during the forecast period of 2022-2029.

Global Curved Panel Market Definition     

The automotive basically has a curved panel consisting of digital display technology and a thick or thin electronic display that gives three-dimensional (3-D) display screens rather than two-dimensional (2-D) displays. These panels have been adopted largely used in automotive sector and are made of different materials.

Curved Panel Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Curved Panel Offer Various Benefits

The curved panel aids in providing the digital content, which will bolster the growth of the market. The curved panel basically holds the digital displays and make them are bendable, unbreakable, lightweight, ultra-thin, shatterproof, which will also cushion the market’s growth.

• Growing Advancements and Innovations

Furthermore, the advancement in digital technology and the automotive sector generate profitable opportunities to the market players in the forecast period of 2022 to 2029. Manufacturers are adopting curved display technology in their products and are working towards developing high end resolution curved displays, thus carving the growth for the market.

The growth determinants such as the high adoption of luxury automotive and rising digital advertisements are also projected to accelerate the growth of the market. Moreover, factors such as the increasing spending capacity, rising disposable income, and increasing demand for luxury automotive are expected to further fuel growth over the forecast period.

Restraints/Challenges Global Curved Panel Market

• High Prices of the Product

The high price associated with the product will create hindrances for the growth of the curved panel market.

• Manufacturing Complexities

The complexities faced during the manufacturing will challenge the curved panel market.    

This curved panel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the curved panel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Curved Panel Market

The recent outbreak of COVID-19 has critically impacted the curved panel market. New developments have come to a halt. Various lockdown and social distancing restrictions led to uncertainty by slowing supply chains, stifling business growth, affected the overall production and sales of curved panel market. The workers have stayed at home, making it difficult for manufacturers to produce, integrate, and assemble new curved display technologies. Even gadgets currently available in various warehouses cannot be transferred due to present laws and restrictions, disrupting global supply chains.

On the brighter side, COVID-19 has a transitory influence on the size of the curved display market because only the production and supply chain are halted. Production, supply networks, and demand for these items will progressively improve as the situation improves. The market is estimated to recover quickly due to manufacturers' focus towards new market trends to fulfill consumer requirements in the post-pandemic phase, which will further help to excel the availability of curved panel in the developing and emerging markets post pandemic.

Recent Development

• In December 2021, Suzuki Motor Corporation's SUV, the New S-CROSS, features Pioneer's vehicle navigation system as a factory-installed option. This is the first Suzuki vehicle to use Pioneer's car navigation system for the European market. This vehicle's navigation system features a 9-inch high-precision HD display with a frame design that fits into the dashboard. In addition to its high-performance navigation capabilities, the system connects to smartphones via Apple CarPlay and Android AutoTM and other media sources. It has a customised home screen with three sorts of area displays: "navigation," "vehicle information," and "audio," allowing users to control a variety of operations with ease.
• In December 2021, Continental AG introduced the MultiViu Sports display platform, which is a highly customizable instrument cluster for bikes and scooters. MultiViu Sports displays are built on a scalable development platform that can be readily customised to meet the needs of a variety of motorcycle riders. KTM, a prominent Austrian manufacturer, is currently using the platform and will install the MultiViu Sports 7 on its KTM 1290 SUPER ADVENTURE S.

Global Curved Panel Market Scope

The curved panel market is segmented on the basis of type and application. 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.

Type

• 90 Degrees
• 180 Degrees
• Others

On the basis of type, the curved panel market has been segmented into 90 degrees, 180 degrees and others.

Application

• Architectural
• Traffic
• Industries
• Others

On the basis of application, the curved panel market is segmented into architectural, traffic, industries and others.

Curved Panel Market Regional Analysis/Insights

The curved panel market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

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

North America dominates the curved panel market because of the owing to the technological advancements in electronics displays and the high preference for luxury vehicles. On the other hand, Asia-Pacific is estimated to register a significant growth owing to the rising disposable income, increasing focus of manufacturers in the region, and the growing adoption of luxury cars within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.   

Competitive Landscape and Curved Panel Market Share Analysis

The curved panel market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to curved panel market.

Some of the major players operating in the curved panel market are Parapan (Canada), CRICURSA (Spain), FORMS+SURFACES (U.S), FlexEnable Limited (U.K),  Carey Glass (Ireland), InVision Glass Design (U.S), Bent & Curved Glass (Australia), Visteon Corporation (U.S), Saint-Gobain (France), VELUX (Denmark),  Dellner Romag Ltd (U.K) and DuPont (U.S) among others.

Research Methodology : Global Curved Panel Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

To know more about the research methodology, drop in an inquiry to speak to our industry experts 

https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-curved-panel-market

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