The market study on “Global Display Market by Display type, Technology, Application and Industry vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025,” states that the global display market attained a revenue of $115.60 billion in 2017, and is likely to garner $206.29 billion by 2025, growing at a CAGR of 7.4% during the forecast period, 2018 – 2025.
The global display market is propelled by high demand for flexible display technology in consumer electronic devices, high adoption of electronic components in the automotive industry, and growing trend of touch base services. Nonetheless, high cost of the transparent and quantum dot display technologies and stagnant growth of desktop PCs, notebook, and tablets pose as challenges for the industry growth. On the other hand, increased use of AR/VR devices and commercialization of autonomous vehicles are expected to offer potential opportunities for growth of the industry.
The report classifies the market into display type, technology, application, industry vertical, and region. The display type segment is again divided into flat panel display, flexible panel display, and transparent panel display. The technology segment is bifurcated into OLED, quantum dots, LED, electronic paper, LCD, and others. Application wise, the report segments the market into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. Based on industries, the report is classified into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, among others.
Among the regions discussed in the report, North America currently dominates the market, followed by Europe. In 2017, U.S. dominated the North American market and UK led the overall market in Europe. However, in Asia-Pacific, China currently dominates the market. The report also discusses Europe and LAMEA (Latin America, Middle East, and Africa).
The major companies profiled in the report include LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation.
Key Findings of the Display Market:
- Based on display type, the flat panel segment led the global display market in 2017. However, the transparent panel segment is anticipated to grow at the highest CAGR during the forecast period (2018-2025).
- North America held the majority of the market share in 2017.
- By industry vertical, the television & digital signage segment has been dominating the global display market in 2017. However, the automotive segment is expected to grow at the highest CAGR during the forecast period (2018-2025).
- Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
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