1. Market Research
  2. > Consumer Goods
  3. > Consumer Electronics
  4. > Audio and Video Equipment Market Trends
Display Market by Product, Panel Size, Industry And Geography - Global Forecast to 2024

Display Market by Product, Panel Size, Industry And Geography - Global Forecast to 2024

  • January 2019
  • 228 pages
  • ID: 5084765
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

Display panel market expected to grow at CAGR of 4.0% from 2019 to 2024
The display panel market is expected to grow from USD 137.7 billion in 2019 to USD 167.7 billion by 2024, at a CAGR of 4.0% from 2019 to 2024. Growing adoption of OLED displays in smartphones; huge investments toward, along with government support for, construction of new OLED and LCD panel manufacturing facilities; and increasing demand for 4K and 8K displays with the availability of UHD content are the major driving factors for the market’s growth during the forecast period.

Factors like increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles; and rising focus toward technological shift and development of energy-efficient, attractive, and high-end-specification display products are also contributing significantly toward the display panel market’s growth.

Saturated shipment of display panels for TVs, tablets, and monitors is expected to hamper the display panel market’s growth during the forecast period. Fluctuating average selling price (ASP) of display panels; complex supply chain and manufacturing processes; and high costs associated with new display technology-based products are the major challenges faced by display panel manufacturers.

Microdisplays to grow at highest CAGR during forecast period
The display panel market for microdisplay panels is expected to grow at the highest CAGR during the forecast period.Microdisplays are incorporated into various products such as HMDs, cameras/EVFs, projectors, and automotive HUDs.

The increasing use of AR glasses in industrial and enterprise industries for providing on-the-job training to field workers, warehouse management, and maintenance and inspection activities creates significant demand for HMDs.With high AR HMD shipment growth, the microdisplay market is expected to grow tremendously, registering the highest CAGR during the forecast period.

Also, development of microdisplays for VR HMDs provides significant opportunities to players in the microdisplay market. Major microdisplay panel manufacturers such as Sony, Epson, eMagin, and Kopin are expected to drive the display market for microdisplays during the forecast period.

OLED segment to propel growth of global display panel market during forecast period
OLED technology is penetrating the display panel market, finding an expanding application scope in products such as TVs, smartphones, and smart wearables.Using OLED panels in smartphones enables highly bright screens, low-power consumption, and thin and lightweight form factor.

With Apple’s adoption of AMOLED displays in its smartphones, the market had witnessed exponential growth during 2017 and 2018, and the trend is expected to continue during the forecast period.LG Display emerged as the key producer of OLED panels for televisions utilizing WOLED technology.

Television vendors like LG Electronics, Panasonic, Sony, Hisense, Toshiba, Changhong, Skyworth, Konka Group, Haier, KTC Technology, Loewe, Philips (TPVision), Bang & Olufsen, and Grundig have had OLED televisions in the market by the end of 2018.

APAC to dominate display panel market during forecast period
APAC accounted for the major share of the global display panel market in 2018, and a similar trend is expected to continue during the forecast period.APAC’s dominance in the global display panel market is due to the presence of the majority of display panel manufacturers (such as Samsung Display, LG Display, AU Optronics, Japan Display, and Sharp) in counties such as South Korea, China, Taiwan, and Japan.

The display panel market in APAC is also expected to receive a boost from the presence of several smartphone and tablet vendors, TV and signage display manufacturers, NTE device vendors, and other vendors in this region.
In the process of determining and verifying the market sizes for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions.

The breakup of the profiles of primary participants has been given below:
• By Company Type: Tier 1 – 25%, Tier 2 – 40%, and Tier 3 – 35%
• By Designation: C-Level Executives – 20%, Directors – 55%, and Others – 25%
• By Region: North America – 25%, Europe – 30%, APAC – 45%.

Samsung Electronics Co.Ltd (South Korea); LG Display Co.

Ltd. (South Korea); BOE Technology Group Co. Ltd (China); AU Optronics Corp. (Taiwan); Innolux Corp. (Taiwan); Japan Display Inc. (Japan); Sharp Corp. (Sharp, Foxconn) (Japan); China Star Optoelectronics Technology (CSOT, CDOT, TCL) (China); Tianma Microelectronics Co. Ltd. (China); and Truly International Holdings Ltd. (Hong Kong) are among the key players in the display panel market.

Research Coverage:
The report defines, describes, and forecasts the display panel market on the basis of product, display technology, panel size, industry, and geography.It provides detailed information regarding the major factors influencing the growth of the display panel market (drivers, restraints, opportunities, and challenges).

It also analyzes the competitive developments—such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches—carried out by key players to grow in the market.

Reasons to Buy the Report:
• Illustrative segmentation, analysis, and forecast pertaining to the display panel market based on product, display technology, panel size, industry, and geography have been conducted to provide an overall view of the display panel market.
• Major drivers, restraints, opportunities, and challenges for the display panel market have been detailed in this report.
• The report includes a detailed competitive landscape of the key players in the market and their revenues.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
OLED Panel Market - Growth, Trends, and Forecast (2019 - 2024)

OLED Panel Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • July 2019

Market OverviewThe OLED panel market is expected to grow at a CAGR of 15.44% over the forecast period (2019-2024). OLED panels continue to be a significant display technology trend adopted across the world, ...

Consumer Electronics in Indonesia

Consumer Electronics in Indonesia

  • $ 2650
  • August 2019

In 2019, desktop computers, in-car navigation, Hi-fi systems, video players, single-function portable players, digital cameras and feature phones all continued to see declining volume growth, while in-dock ...

Audio Amplifier Market by Channel Type, Device, End-user Industry, Region - Global Forecast to 2024

Audio Amplifier Market by Channel Type, Device, End-user Industry, Region - Global Forecast to 2024

  • $ 5650
  • July 2019

The audio amplifier market is projected to grow at a CAGR of 5.6% from 2019 to 2024.The audio amplifier market is projected to grow from USD 3.4 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of ...

Consumer Electronics in Romania $ 2650 August 2019

Consumer Electronics in China $ 2650 August 2019


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on