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Display Market

Display Market was valued at USD 153.7 billion in 2021 and is predicted to reach USD 208.7 billion in 2029, and the market is expected to grow at a CAGR of 3.9%.

The factors driving the growth of Display Market includes increasing deployment of LED display systems at retail stores, airports/ railways and sporting events, rising internet penetration rates around the world, Government initiatives to promote digitalization and growing popularity of tablets and smartphones. According to the report published by Statista, the number of smartphones sold worldwide have increased from 1.35 billion in 2020 to 1.43 billion in 2021, which will accelerate the Display Market share in the approaching yeas. Moreover, technological advancements in display systems, rise in the launch of innovative products, strategic mergers and acquisitions between key industry players and increasing number of connected devices, are some of the additional factors supplementing the Display Market size. In addition, increasing investments by leading players on research and development, improvements in the living standards, rapid urbanization, and rising population growth rates, are further contributing towards the market growth.

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However, growth of the Display Market is hindered attributed to decline in the demand for display system in retail sector.

The prominent players operating in the market are AU Optronics Corp., Japan Display Inc., Innolux Corporation, SLG Display Co. Ltd., Samsung Electronics Co., Ltd, Epson, HannStar Display Corporation, Sharp Corp. Limited, BOE Technology Group Co., Ltd., NEC Display Solutions, Cambridge Display Technology Limited, HP Development Company and Sony Corporation, among others.

Based on Type, the Quantum Dot (QLED) Display segment is predicted to capture the largest market share during the forecast period

Quantum Dots are accurate, maintain the range of colors at peak brightness and rise in the number of smart technology devices, are some of the factors responsible for the segment’s growth.

Based on End-User, the Sports & Entertainment segment is projected to hold the highest market share over the forecast period

Rise in the broadcasting of sporting activities worldwide and increasing demand for smart devices, are propelling growth of the segment.

Based on Region, the North American region is anticipated to expand at a robust CAGR during the forecast period

Rise in the number of smart devices, increased adoption of advanced technologies, rapid growth in the BSFI and Healthcare industries, improved living standards, growing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.  

Key Developments

  • In 2020, LG Electronics introduced a new liquid crystal display (LCD) TV called QNED TV with MiniLED as the backlight. LG Electronics launched its online press event in South Korea to launch this quantum nanocell color technology and nanocell based display.

  • In 2019, Samsung Display planned to investment plan around USD 13.1 trillion for establishment and R&D of ‘QD Display’ production facilities by 2025 at the Asan Campus in Chungnam, South Korea.

Market Segmentation

Segmentation by Type

  • Plasma (PDP) Display

  • Quantum Dot (QLED) Display

  • Liquid crystal display (LCD)

  • Light-emitting diode (LED)

  • Others

Segmentation by Product

  • Television Sets

  • Wearables

  • Smartphones

  • Signage

  • Tablets

  • Laptops

  • Others

Segmentation by Resolution

  • 720p

  • 1080p

  • 2K

  • 4K

  • Others

Segmentation by End-User

  • Automotive

  • Retail & Hospitality

  • BFSI

  • Sports & Entertainment

  • Education

  • Industrial

  • Others

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

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