The Display Technology Market size was valued at USD 125.5 Billion in 2022 and is expected to grow to USD 212.42897 Billion by 2030 and grow at a CAGR Of 6.8 % over the forecast period of 2023-2030.
Panel screens called displays are used to show a variety of multimedia content to viewers. One of the benefits of displays, which has propelled them to become a superior method of communication, is their ability to display a broad variety of multimedia formats, such as images and video. Technology advancements have led to displays' output quality improvements and price reductions over time, which has been a key factor in their popularity. Consumer interest in cutting-edge display technologies has been rising recently. The leading players in the display market are developing new ways to design their display devices as a result of numerous technical breakthroughs. This might be explained by the entertainment sector's and virtual advertising's growing importance.
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The display typically consists of a screen, a computer output surface, and a projection surface that uses cathode ray tubes, light-emitting diodes, liquid crystal displays, or other technologies to display text and graphic images. It can be used in a variety of industries, including television, mobile devices, tablets, computers, cars, and public transportation.
KEY DRIVERS:
Demand for digitalized promotion
4K digital sign display demand
The market's expansion is accelerated by the increase in demand for 4K digital sign displays with embedded software and media players. These signs provide consumers with a cost-effective Ultra HD digital signage solution, which benefits the market.
RESTRAIN:
Development Of Screenless Display
Fall In Demand For Displays
On the other hand, it is anticipated that the availability of widescreen alternatives, such as projectors and screenless displays, as well as the fall in demand for displays from the retail sector due to a shift towards online advertising, will restrain the market growth.
OPPORTUNITY:
Surging Digital Advertising Industry
The Advent Of 5G
The market players would have lucrative prospects due to the adoption of AMOLED displays, particularly due to the advent of 5G and use cases for displays, during the forecast period of 2022 to 2029. The market will also grow as foldable and flexible displays become more popular, and as demand for Micro-LED and mini-LED technologies rises.
CHALLENGES:
High Costs Associated
The display market is expected to face challenges in the forecast period of 2022-2029 due to the high costs associated with new products based on display technology and the advent of new display concepts.
IMPACT OF RUSSIA-UKRAINE WAR
The biggest tech businesses suffered significant losses in 2022 as their market value shrunk by trillions of dollars, which was a significant development in the technology sector. The disruption, Russia's invasion of Ukraine, and growing inflation that resulted in higher interest rates are just a few of the issues that were blamed for this collapse and worried investors.
Companies in a variety of industries, including semiconductors, social media, and cloud computing, cut their growth forecasts, announced weak performance, and saw a drop in stock prices. Seven significant internet firms, including Facebook, Apple, Amazon, Netflix, Google, and Tesla, had together lost more than $3 trillion in market value by the end of October. A combined $700 billion was lost by Google, Microsoft, and Facebook, now known as Meta. Amazon, who is not just a tech company but also a public company, became the first to lose a trillion dollars in market value, making the situation even worse. On November 12, Bloomberg reported that Microsoft's market worth had reduced to $889 billion and that Amazon's market value had fallen from $1.88 trillion to $879 billion.
IMPACT OF ONGOING RECESSION
During a recession, people frequently limit their discretionary spending, which includes buying goods like televisions, computers, and cell phones. Manufacturers and merchants of display technology may see a fall in sales and revenue as a result of this decline in consumer demand. Consumers may be less likely to upgrade their current devices or adopt newer technologies as a result of economic instability and diminished purchasing power. Technology companies across a variety of industries have been rapidly laying off workers. Over 150,000 jobs were lost in the faltering tech industry in 2022, according to forecasts. This covers both larger corporations like Amazon and Facebook's parent company Meta Platforms, which slashed over 18,000 positions in November, as well as smaller enterprises in the US and other nations. The organized sector's largest employers are Indian IT service providers, and any changes in the world economy are likely to have an impact on their growth forecasts. With almost 15,700 employees let go in 2022, Inc42 said that layoffs in Indian start-ups were also on the rise.
By Display Type
Flat Panel Display
Flexible Panel Display
Transparent Panel Display
By Industry Vertical
Healthcare
Consumer Electronics
BFSI
Retail
Military And Defense
Automotive
Others
By Technology
OLED
LED
LCD
E-Paper
Others
By Application
Vehicle Display
Smartphone And Tablet
Smart Wearable
Television And Digital Signage
Pc And Laptop
Others
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North America currently controls the majority of the global display market. Due to the presence of committed providers of the product and rising demand for these displays in the local retail sector.
Asia-Pacific is predicted to experience significant development from 2022 to 2029. Due to the increased knowledge of displays' advantages in the region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The major players are Leyard Optoelectronic Co., Ltd, AUO Corporation, Sharp Corporation, Innolux Corporation, Japan Display Inc, Panasonic Corporation, Sony Corporation, NEC CORPORATION, Samsung Electronics Co Ltd, BOE Technology Group Co., Ltd., LG Display Co Ltd and others are listed in the final report.
Sharp Corporation-Company Financial Analysis
AUO Corporation debuted the first 34-inch AMOLED curved gaming display panel with a widescreen resolution in May 2022. At SID Display Week 2022, a 165Hz ultra-high refresh rate and a widescreen IC will be used.
In November 2020, Sharp unveiled its brand-new, enormous 8K Ultra-HD professional LCD. This display uses a wide color gamut color filter along with optimized LED backlight phosphors and has 33 million pixels.
In July 2020, LG introduced the LSAA LED signage series, one of the most cutting-edge LED signage systems. This new series offers design, performance on a huge screen, and integration with cable-free block assembly technology.
| Report Attributes | Details |
| Market Size in 2022 | US$ 125.5 Bn |
| Market Size by 2030 | US$ 212.4 Bn |
| CAGR | CAGR of 6.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Display Type (Flat Panel Display, Flexible Panel Display, Transparent Panel Display) • By Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military, And Defense, Automotive, Others) • By Technology (OLED, Quantum Dot, LED, LCD, E-Paper, Others) • By Application (Vehicle Display, Smartphone And Tablet, Smart Wearable, Television, And Digital Signage, Pc And Laptop, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Leyard Optoelectronic Co., Ltd, AUO Corporation, Sharp Corporation, Innolux Corporation, Japan Display Inc, Panasonic Corporation, Sony Corporation, NEC CORPORATION, Samsung Electronics Co Ltd, BOE Technology Group Co., Ltd., LG Display Co Ltd |
| Key Drivers | • Demand for digitalized promotion • 4K digital sign display demand |
| Market Opportunities | • Surging Digital Advertising Industry • The Advent Of 5G |
Ans: The Display Technology Market is to grow at a CAGR of 6.8% over the forecast period 2023-2030.
Ans: The Display Technology Market size was valued at US$ 125.5 Bn in 2022.
Ans: The Display Technology market size is estimated to reach US$ 212.42 Bn by 2030.
Ans: North America is dominating the Market
Ans: Development Of Screenless Displays and Fall In Demand For Displays
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Display technology market Segmentation, By Display Type
8.1 Flat Panel Display
8.2 Flexible Panel Display
8.3 Transparent Panel Display
9. Display technology market Segmentation, By Industry Vertical
9.1 Healthcare
9.2 Consumer Electronics
9.3 BFSI
9.4 Retail
9.5 Military And Defense
9.6 Automotive
9.7 Others
10. Display technology market Segmentation, By Technology
10.1 OLED
10.2 Quantum Dot
10.3 LED
10.4 LCD
10.5 E-Paper
10.6 Others
11. Display technology market Segmentation, By Application
11.1 Vehicle Display
11.2 Smartphone And Tablet
11.3 Smart Wearable
11.4 Television And Digital Signage
11.5 PC And Laptop
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Display technology market by Country
12.2.2North America Display technology market by Display Type
12.2.3 North America Display technology market by Industry Vertical
12.2.4 North America Display technology market by Technology
12.2.5 North America Display technology market by Application
12.2.6 USA
12.2.6.1 USA Display technology market by Display Type
12.2.6.2 USA Display technology market by Industry Vertical
12.2.6.3 USA Display technology market by Technology
12.2.6.4 USA Display technology market by Application
12.2.7 Canada
12.2.7.1 Canada Display technology market by Display Type
12.2.7.2 Canada Display technology market by Industry Vertical
12.2.7.3 Canada Display technology market by Technology
12.2.7.4 Canada Display technology market by Application
12.2.8 Mexico
12.2.8.1 Mexico Display technology market by Display Type
12.2.8.2 Mexico Display technology market by Industry Vertical
12.2.8.3 Mexico Display technology market by Technology
12.2.8.4 Mexico Display technology market by Application
12.3 Europe
12.3.1 Europe Display technology market by Country
12.3.2 Europe Display technology market by Display Type
12.3.3 Europe Display technology market by Industry Vertical
12.3.4 Europe Display technology market by Technology
12.3.5 Europe Display technology market by Application
12.3.6 Germany
12.3.6.1 Germany Display technology market by Display Type
12.3.6.2 Germany Display technology market by Industry Vertical
12.3.6.3 Germany Display technology market by Technology
12.3.6.4 Germany Display technology market by Application
12.3.7 UK
12.3.7.1 UK Display technology market by Display Type
12.3.7.2 UK Display technology market by Industry Vertical
12.3.7.3 UK Display technology market by Technology
12.3.7.4 UK Display technology market by Application
12.3.8 France
12.3.8.1 France Display technology market by Display Type
12.3.8.2 France Display technology market by Industry Vertical
12.3.8.3 France Display technology market by Technology
12.3.8.4 France Display technology market by Application
12.3.9 Italy
12.3.9.1 Italy Display technology market by Display Type
12.3.9.2 Italy Display technology market by Industry Vertical
12.3.9.3 Italy Display technology market by Technology
12.3.9.4 Italy Display technology market by Application
12.3.10 Spain
12.3.10.1 Spain Display technology market by Display Type
12.3.10.2 Spain Display technology market by Industry Vertical
12.3.10.3 Spain Display technology market by Technology
12.3.10.4 Spain Display technology market by Application
12.3.11 The Netherlands
12.3.11.1 Netherlands Display technology market by Display Type
12.3.11.2 Netherlands Display technology market by Industry Vertical
12.3.11.3 Netherlands Display technology market by Technology
12.3.11.4 Netherlands Display technology market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Display technology market by Display Type
12.3.12.2 Rest of Europe Display technology market by Industry Vertical
12.3.12.3 Rest of Europe Display technology market by Technology
12.3.12.4 Rest of Europe Display technology market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Display technology market by Country
12.4.2 Asia Pacific Display technology market by Display Type
12.4.3 Asia Pacific Display technology market by Industry Vertical
12.4.4Asia Pacific Display technology market by Technology
12.4.5Asia Pacific Display technology market by Application
12.4.6 Japan
12.4.6.1 Japan Display technology market by Display Type
12.4.6.2 Japan Display technology market by Industry Vertical
12.4.6.3 Japan Display technology market by Technology
12.4.6.4 Japan Display technology market by Application
12.4.7 South Korea
12.4.7.1 South Korea Display technology market by Display Type
12.4.7.2 South Korea Display technology market by Industry Vertical
12.4.7.3 South Korea Display technology market by Technology
12.4.7.4 South Korea Display technology market by Application
12.4.8 China
12.4.8.1 China Display technology market by Display Type
12.4.8.2 China Display technology market by Industry Vertical
12.4.8.3 China Display technology market by Technology
12.4.8.4 China Display technology market by Application
12.4.9 India
12.4.9.1 India Display technology market by Display Type
12.4.9.2 India Display technology market by Industry Vertical
12.4.9.3 India Display technology market by Technology
12.4.9.4 India Display technology market by Application
12.4.11 Australia
12.4.10.1 Australia Display technology market by Display Type
12.4.10.2 Australia Display technology market by Industry Vertical
12.4.10.3 Australia Display technology market by Technology
12.4.10.4 Australia Display technology market by Application
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Display technology market by Display Type
12.4.11.2 APAC Display technology market by Industry Vertical
12.4.11.3 APAC Display technology market by Technology
12.4.11.4 APAC Display technology market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Display technology market by Country
12.5.2 The Middle East & Africa Display technology market by Display Type
12.5.3 The Middle East & Africa Display technology market by Industry Vertical
12.5.4The Middle East & Africa Display technology market by Technology
12.5.5 The Middle East & Africa Display technology market by Application
12.5.6 Israel
12.5.6.1 Israel Display technology market by Display Type
12.5.6.2 Israel Display technology market by Industry Vertical
12.5.6.3 Israel Display technology market by Technology
12.5.6.4 Israel Display technology market by Application
12.5.7 UAE
12.5.7.1 UAE Display technology market by Display Type
12.5.7.2 UAE Display technology market by Industry Vertical
12.5.7.3 UAE Display technology market by Technology
12.5.7.4 UAE Display technology market by Application
12.5.8South Africa
12.5.8.1 South Africa Display technology market by Display Type
12.5.8.2 South Africa Display technology market by Industry Vertical
12.5.8.3 South Africa Display technology market by Technology
12.5.8.4 South Africa Display technology market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of the Middle East & Asia Display technology market by Display Type
12.5.9.2 Rest of the Middle East & Asia Display technology market by Industry Vertical
12.5.9.3 Rest of the Middle East & Asia Display technology market by Technology
12.5.9.4 Rest of the Middle East & Asia Display technology market by Application
12.6 Latin America
12.6.1 Latin America Display technology market by Country
12.6.2 Latin America Display technology market by Display Type
12.6.3 Latin America Display technology market by Industry Vertical
12.6.4 Latin America Display technology market by Technology
12.6.5 Latin America Display technology market by Application
12.6.6 Brazil
12.6.6.1 Brazil Display technology market by Display Type
12.6.6.2 Brazil Africa Display technology market by Industry Vertical
12.6.6.3 Brazil Display technology market by Technology
12.6.6.4 Brazil Display technology market by Application
12.6.7 Argentina
12.6.7.1 Argentina Display technology market by Display Type
12.6.7.2 Argentina Display technology market by Industry Vertical
12.6.7.3 Argentina Display technology market by Technology
12.6.7.4 Argentina Display technology market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Display technology market by Display Type
12.6.8.2 Rest of Latin America Display technology market by Industry Vertical
12.6.8.3 Rest of Latin America Display technology market by Technology
12.6.8.4 Rest of Latin America Display technology market by Application
13. Company Profile
13.1 Leyard Optoelectronic Co., Ltd
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 AUO Corporation
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Sharp Corporation
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Innolux Corporation
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Japan Display Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Panasonic Corporation
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sony Corporation
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 NEC CORPORATION
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Samsung Electronics Co Ltd
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 BOE Technology Group Co., Ltd.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Technologies
15. USE Cases and Best Practices
16. Conclusion
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