The global market for display technology accounted for US$ 128 Bn in 2021 and is estimated to reach US$ 210 Bn by 2030, with a significant CAGR of 5.8% from 2022 to 2030.
Displays are panel screens that show a range of multimedia forms to an audience. The capacity to display a wide range of multimedia forms, such as photos and video, is one of the advantages of displays, which has catapulted them to become a superior means of communication. Technological improvements have caused displays to improve in output quality while decreasing in price over time, which has been a crucial reason for their acceptance. Currently, there has been an increase in consumer preference for innovative display technologies. The display industry has been going through a lot of technological advancements and the key players are finding new ways to design their display products. This could be attributed to the increasing emphasis on virtual advertisements and the entertainment industry.
Market Growth Drivers
- Growing adoption of OLED displays in various applications
- Increasing trend of interactive displays across verticals
- Increasing preference of consumers for AMOLED displays
- Rising use of LEDs for TVs, video walls, and digital signage applications
Market Restraints
- Deployment of screenless displays
- High cost of transparent and quantum dot displays
Market Opportunities
- Growing innovations in display technologies such as flexible and foldable displays
- Surging digital advertising industry
Report Coverage:
| Market |
Display Technology Market |
| Market Size 2021 |
US$ 128 Bn |
| Market Forecast 2028 |
US$ 210 Bn |
| CAGR |
5.8% During 2022 - 2030 |
| Analysis Period |
2018 - 2030 |
| Base Year |
2021 |
| Forecast Data |
2022 - 2030 |
| Segments Covered |
By Display Type, By Technology, By Application, By Vertical, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Samsung Electronics, Sony Corporation, Cambridge Display Technology Limited, Universal Display Corporation, LG Display, Japan Display Inc., BOE Technology, AU Optronics Corp., Sharp NEC Display Solutions, Ltd., and Innolux Corporation. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
Market Dynamics
Robust demand from the consumer electronics industry is the primary factor driving the growth of the global display technology market. The industry has changed dramatically in recent years as a result of various new technology advancements. Over the next few years, the market is likely to be driven by advanced consumer electronics such as smartphones, laptops/tablets, smart wearables, and smart televisions. Furthermore, as the purchasing power of diverse segments of society has increased, more opportunities have opened up for display industry expansion.
The increasing trend of interactive displays has supported the industry to spur in the coming years. This is owing to the advancement of flexible display technologies, an increase in demand for interactive whiteboards in the education sector, and an increase in the popularity of touch-based devices. In addition, the growing digital advertising industry is one of the topmost display technology market trends that have been boosting the demand for the display industry. Digital advertising agencies use robust amount of displays hoardings, TVs, and other big screens to promote brands in malls, hospitals, and in commercial spaces. Thus, the display technology market has seen an impressive growth over the years.
However, the high cost of advanced displays such as transparent and quantum displays make the consumer reluctant to purchase them, thereby the market is expected to hold a stable growth for next few years. In addition to that, growing preference of screenless displays that are portable and easy to handle could hamper the market from growing. On the other hand, the increasing innovations in display technologies such as flexible and foldable displays have offered new growth prospects for the market.
Market Segmentation
The global display technology market is segmented based on display type, technology, application, vertical, and geography.
Market By Display Type
- 3D Display
- Conventional Display
- Flexible Display
- Transparent Display
Among them, the 3D displays segment is expected to grow with a substantial growth rate. A 3D display is a more advanced technology that gives viewers three-dimensional visuals and a sense of depth. Gaming, photography, cinema, education, military & defence, and engineering simulation are all using 3D display technology. Due to the growing use of 3D displays in the entertainment and gaming industries, the 3D display share is predicted to grow significantly throughout the forecast period. Furthermore, the segment has grown due to an increase in demand for 3D display solutions in the entertainment industry.
Market By Technology
- LED
- LCD
- OLED
- AMOLED
- Plasma Display
- Others
Based on technology, the AMOLED displays segment is showing stiff growth in the consumer electronics sector. This is credited to the rising application of AMOLED display technology in tablets, smartwatches, digital cameras, gaming consoles, portable music players, and music production hardware. Rapid urbanization, rising income levels, and rising demand for entertainment and leisure are all boosting consumer electronics sales around the world. This is one of the most important aspects driving the AMOLED display market forward.
Market By Application
- Television Display
- Mobile Display
- Computer/Laptop Display
- Head Mounted Display
- Advertising/Signage Display
- Others
Based on technology, the mobile display segment is expected to register a significant growth rate throughout the forecast period 2022 – 2030. When purchasing a new mobile device, one of the most important elements to consider is the display. In the smartphone phone hardware, the display screen is quite important. Furthermore, the user can use the display screen to interact with the phone. Users currently expect the display to be comparable to computer screens, with crisp text, brilliant graphics, blur-free video, and enough brightness to be visible in bright sunlight.
Market By Vertical
- BFSI
- Automotive
- Consumer
- Media & Advertising
- Retail
- Education
- Healthcare
- Aerospace & Defense
- Others
Among all of them, the consumer segment is likely to attain a noteworthy CAGR in the coming years. Displays can be found in a variety of consumer electronics products. The expansion of the display market is fueled by increased demand for consumer electronics like televisions, smartphones, smart wearable devices, PCs, and other display devices. The automotive industry is also trending in the display technology. Nowadays, display gadgets are also used in the car business. Key players, for example, saw an opportunity and began developing a head-up display system for the car industry. Thus, the heads-up display may be used in a variety of ways and has a variety of functions to improve your driving experience.
Display Technology Market Regional Overview
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Middle East & Africa (MEA)
- Gulf Cooperation Council (GCC)
- South Africa
- Rest of the Middle East & Africa
The increased sales of smartphones and laptops/tablets in the Asia-Pacific region, fuels the regional market growth
The regional segmentation is given as North America, Latin America, Asia-Pacific, Europe, and the MEA. Among all the regions, the Asia-Pacific region witnessed a significant demand throughout the forecast period due to the presence of a high population that requires a huge number of smartphones, PCs, laptops/tablets, TVs, and many other electronic devices. In addition to that, the rising number of display panel manufacturing plants due to the low labor cost, which also reduces the overall manufacturing cost is also boosting the Asia-Pacific display technology market. On the other hand, the North America region contributed a noteworthy market share in 2021. The growing advancement in automated embedded device technology and growing application of displays in automotive, aerospace & defense, healthcare, etc. are some of the aspects that are driving the North America display technology market.
Competitive Landscape
Some of the top vendors offered in the professional report include Samsung Electronics, Sony Corporation, Cambridge Display Technology Limited, Universal Display Corporation, LG Display, Japan Display Inc., BOE Technology, AU Optronics Corp., Sharp NEC Display Solutions, Ltd., and Innolux Corporation.
CHAPTER 1. Industry Overview of Display Technology Market
1.1. Definition and Scope
1.1.1. Definition of Display Technology
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Display Technology Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Display Technology Market By Display Type
1.2.3. Display Technology Market By Technology
1.2.4. Display Technology Market By Application
1.2.5. Display Technology Market By Vertical
1.2.6. Display Technology Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Display Technology Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Display Technology Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2021
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2021
4.2. R&D Status of Major Manufacturers in 2021
CHAPTER 5. Display Technology Market By Display Type
5.1. Introduction
5.2. Display Technology Revenue By Display Type
5.2.1. Display Technology Revenue (US$ Bn) and Forecast, By Display Type, 2018-2030
5.2.2. 3D Display
5.2.2.1. 3D Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
5.2.3. Conventional Display
5.2.3.1. Conventional Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
5.2.4. Flexible Display
5.2.4.1. Flexible Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
5.2.5. Transparent Display
5.2.5.1. Transparent Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
CHAPTER 6. Display Technology Market By Technology
6.1. Introduction
6.2. Display Technology Revenue (US$ Bn) By Technology
6.2.1. Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
6.2.2. LCD
6.2.2.1. LCD Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
6.2.3. OLED
6.2.3.1. OLED Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
6.2.4. CRT
6.2.4.1. CRT Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
6.2.5. LED
6.2.5.1. LED Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
6.2.6. Plasma Display
6.2.6.1. Plasma Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
6.2.7. Others
6.2.7.1. Others Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
CHAPTER 7. Display Technology Market By Application
7.1. Introduction
7.2. Display Technology Revenue (US$ Bn) By Application
7.2.1. Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
7.2.2. Television Display
7.2.2.1. Television Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
7.2.3. Mobile Display
7.2.3.1. Mobile Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
7.2.4. Computer/Laptop Display
7.2.4.1. Computer/Laptop Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
7.2.5. Head Mounted Display
7.2.5.1. Head Mounted Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
7.2.6. Advertisement/Signage Display
7.2.6.1. Advertisement/Signage Display Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
7.2.7. Others
7.2.7.1. Others Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
CHAPTER 8. Display Technology Market By Vertical
8.1. Introduction
8.2. Display Technology Revenue (US$ Bn) By Vertical
8.2.1. Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
8.2.2. BFSI
8.2.2.1. BFSI Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.3. Consumer
8.2.3.1. Consumer Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.4. Automotive
8.2.4.1. Automotive Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.5. Media & Advertising
8.2.5.1. Media & Advertising Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.6. Retail
8.2.6.1. Retail Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.7. Hospitality
8.2.7.1. Hospitality Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.8. Education
8.2.8.1. Education Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.9. Healthcare
8.2.9.1. Healthcare Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.10. Defense & Aerospace
8.2.10.1. Defense & Aerospace Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
8.2.11. Others
8.2.11.1. Others Market Revenue (US$ Bn) and Growth Rate (%), 2018-2030
CHAPTER 9. North America Display Technology Market By Country
9.1. North America Display Technology Overview
9.2. U.S.
9.2.1. U.S. Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
9.2.2. U.S. Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
9.2.3. U.S. Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
9.2.4. U.S. Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
9.3. Canada
9.3.1. Canada Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
9.3.2. Canada Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
9.3.3. Canada Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
9.3.4. Canada Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
9.4. North America PEST Analysis
CHAPTER 10. Europe Display Technology Market By Country
10.1. Europe Display Technology Overview
10.2. U.K.
10.2.1. U.K. Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
10.2.2. U.K. Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
10.2.3. U.K. Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
10.2.4. U.K. Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
10.3. Germany
10.3.1. Germany Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
10.3.2. Germany Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
10.3.3. Germany Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
10.3.4. Germany Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
10.4. France
10.4.1. France Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
10.4.2. France Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
10.4.3. France Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
10.4.4. France Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
10.5. Spain
10.5.1. Spain Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
10.5.2. Spain Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
10.5.3. Spain Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
10.5.4. Spain Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
10.6. Rest of Europe
10.6.1. Rest of Europe Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
10.6.2. Rest of Europe Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
10.6.3. Rest of Europe Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
10.6.4. Rest of Europe Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Display Technology Market By Country
11.1. Asia Pacific Display Technology Overview
11.2. China
11.2.1. China Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.2.2. China Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.2.3. China Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.2.4. China Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.3. Japan
11.3.1. Japan Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.3.2. Japan Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.3.3. Japan Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.3.4. Japan Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.4. India
11.4.1. India Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.4.2. India Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.4.3. India Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.4.4. India Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.5. Australia
11.5.1. Australia Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.5.2. Australia Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.5.3. Australia Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.5.4. Australia Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.6. South Korea
11.6.1. South Korea Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.6.2. South Korea Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.6.3. South Korea Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.6.4. South Korea Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
11.7.2. Rest of Asia-Pacific Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
11.7.3. Rest of Asia-Pacific Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
11.7.4. Rest of Asia-Pacific Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Display Technology Market By Country
12.1. Latin America Display Technology Overview
12.2. Brazil
12.2.1. Brazil Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
12.2.2. Brazil Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
12.2.3. Brazil Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
12.2.4. Brazil Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
12.3. Mexico
12.3.1. Mexico Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
12.3.2. Mexico Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
12.3.3. Mexico Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
12.3.4. Mexico Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
12.4. Rest of Latin America
12.4.1. Rest of Latin America Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
12.4.2. Rest of Latin America Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
12.4.3. Rest of Latin America Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
12.4.4. Rest of Latin America Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Display Technology Market By Country
13.1. Middle East & Africa Display Technology Overview
13.2. GCC
13.2.1. GCC Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
13.2.2. GCC Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
13.2.3. GCC Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
13.2.4. GCC Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
13.3. South Africa
13.3.1. South Africa Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
13.3.2. South Africa Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
13.3.3. South Africa Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
13.3.4. South Africa Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Display Technology Revenue (US$ Bn) and Forecast By Display Type, 2018-2030
13.4.2. Rest of Middle East & Africa Display Technology Revenue (US$ Bn) and Forecast By Technology, 2018-2030
13.4.3. Rest of Middle East & Africa Display Technology Revenue (US$ Bn) and Forecast By Application, 2018-2030
13.4.4. Rest of Middle East & Africa Display Technology Revenue (US$ Bn) and Forecast By Vertical, 2018-2030
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Display Technology Market
14.1. Display Technology Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Display Technology Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Samsung Electronics
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (US$ Bn), 2021
15.1.3.2. Samsung Electronics 2021 Display Technology Business Regional Distribution
15.1.4. Product/Service and Specification
15.1.5. Recent Developments & Business Strategy
15.1.6. Consumer Plant Footprint Analysis
15.2. Sony Corporation
15.3. Cambridge Display Technology Limited
15.4. Universal Display Corporation
15.5. LG Display
15.6. Japan Display Inc.
15.7. BOE Technology
15.8. AU Optronics Corp.
15.9. Sharp NEC Display Solutions, Ltd.
15.10. Innolux Corporation
