Display Market Share, Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2023-2030
Display Market was valued at USD 159.7 billion in 2022 and is forecast to touch USD 216.9 billion in 2030, and the market is expected to grow at a CAGR of 3.9%.
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Major Display Market Drivers
The factors driving the global display market include the rising sale of smart and connected devices such as smartphones, tablets, computers, and LEDs around the globe due to the rising adoption of digital technology platforms and surge in the global internet penetration. For instance, according to the International Telecommunication Union Organization Report, an estimated more than 4.1 billion people have accessed the internet, increasing with a surge in the sale of smart devices. According to the GSMA, in 2019, globally, more than 3.4 billion people are connected to the mobile internet. In 2019, an estimated more than 1.83 billion smartphones were sold, which propelled the globally, which propelled the display market growth.
The rising evolution of the new technology displays with better and enhanced clarity and resolution, leading players to launch new technology-based bright LEDs and other connected devices, have propelled the display market growth. For instance, in 2020, Samsung launched ten new Smart TVs in India. These intelligent TVs are made available through online portals such as Amazon, Flipkart in India, and the official Samsung online store.
Restraint in the Display Market
However, the decline in demand for displays due to the rising adoption of the digital advertising tools for the retail sector due to drastic shifts and rising online shopping trends have hampered the display market growth. Consumers are spending through online portals such as Amazon, Flipkart with the surge in digital advertising offers an ideal way to reach multi-device, multi-channel consumers. Thus, online advertising has gained popularity within digital advertising, and the rising adoption of leading player’s platforms such as Facebook and Google hamper the display market growth.
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Type – Segment Analysis
Based on the type, the quantum dot (QLED) display is expected to grow at the fastest rate in the global display market during the forecast period due to the rising launching of new intelligent devices worldwide. For instance, in 2020, BOE launched a 55-inch ultra-high-definition active Quantum Dot display. Also, in 2021, Samsung launched a quantum dots-based OLED TV and Samsung QD Display. Thus, such rising launching of new smart technology devices has propelled the quantum dot market growth.
Product – Segment Analysis
Based on the product, smartphones are projected to capture the largest market share over the forecast period in the global display market due to the rising demand for smartphones amid the COVID-19 pandemic owing to the rising shifting of education towards online classes.
End-User – Segment Analysis
Based on the end-user, sports & entertainment are expected to capture the largest market share in the global display market in upcoming years. The rise in demand for smart devices demands sports and entertainment during the Covid-19 pandemic worldwide. For instance, according to the Invest Organization in 2019, the Indian media & entertainment industry was valued at USD 25 Billion in 2019 and is projected to reach USD 34.8 Billion by 2022.
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Regional – Segment Analysis:
Based on the region, the North America region is expected to capture a significant market share in the global display market in 2020 due to the rising adoption of advanced technology devices and surge in the adoption of connected and smart devices along with the surge in media and entertainment spending across the United States. For instance, according to the Select Organization report in 2019, the United States media and entertainment (M&E) industry was valued at USD 717 Billion. It includes television programs, motion pictures, commercials, music, audio recordings, streaming content, broadcast, radio, and video games. Thus, it created a massive demand for the display market in this region.
Top Market Players
Various notable players operating in the market, includes SLG Display Co. Ltd., Samsung Electronics Co., Ltd, Epson, NEC Display Solutions, NEC Display Solutions, Cambridge Display Technology Limited, HP Development Company, Sony Corporation, AU Optronics Corp., Japan Display Inc., Innolux Corporation, HannStar Display Corporation, Sharp Corp. Limited, BOE Technology Group Co., Ltd. and among others.
Key Developments:
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- In 2020, LG Electronics launched a new liquid crystal display (LCD) TV called QNED TV with MiniLED as the backlight. The company launched its online press event in South Korea to launch this quantum nanocell color technology and nanocell based display.
- In 2019, Samsung Display announced a total investment plan of USD 13.1 trillion for the establishment and R&D of ‘QD Display’ production facilities by 2025 at the Asan Campus in Chungnam, South Korea.
Segments covered in the Report:
The global display market has been segmented on the basis of type, resolution, end-user and key regions. Based on type, the market is segmented into Plasma (PDP) Display, Quantum Dot (QLED) Display, Liquid crystal display (LCD), Light-emitting diode (LED) and others. Based on product, the market is segmented into television sets, wearables, smartphones, signage, tablets, laptops and others. Based on resolution, the global market is divided into 720p, 1080p, 2K, 4K, and others. Based on end-user the market is segmented into automotive, retail & hospitality, BFSI, sports & entertainment, education, industrial and others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD 159.7 billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Billion) |
| Market Segment | By Type, By Product, By Resolution, By End-User, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | SLG Display Co. Ltd., Samsung Electronics Co., Ltd, Epson, NEC Display Solutions, NEC Display Solutions, Cambridge Display Technology Limited, HP Development Company, Sony Corporation, AU Optronics Corp., Japan Display Inc., Innolux Corporation, HannStar Display Corporation, Sharp Corp. Limited, BOE Technology Group Co., Ltd and among others; a total of 14 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Display Market by Type
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- Plasma (PDP) Display
- Quantum Dot (QLED) Display
- Liquid crystal display (LCD)
- Light-emitting diode (LED)
- Others
Global Display Market by Product
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- Television Sets
- Wearables
- Smartphones
- Signage
- Tablets
- Laptops
- Others
Global Display Market by Resolution
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- 720p
- 1080p
- 2K
- 4K
- Others
Global Display Market by End-User
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- Automotive
- Retail & Hospitality
- BFSI
- Sports & Entertainment
- Education
- Industrial
- Others
Global Display Market by Region
-
-
North America Display Market (Option 1: As a part of the free 25% customization)
- By Type
- By Product
- By Resolution
- By End-User
- US All-Up
- Canada All-Up
-
Europe Display Market (Option 2: As a part of the free 25% customization)
- By Type
- By Product
- By Resolution
- By End-User
- UK All-Up
- Germany All-Up
- France All-Up
- Spain All-Up
- Rest of Europe All-Up
-
Asia-Pacific Display Market (Option 3: As a part of the free 25% customization)
- By Type
- By Product
- By Resolution
- By End-User
- China All-Up
- India All-Up
- Japan All-Up
- Rest of APAC All-Up
-
RoW Display Market (Option 4: As a part of the free 25% customization)
- By Type
- By Product
- By Resolution
- By End-User
- Brazil Display Market All-Up
- South Africa All-Up
- Saudi Arabia All-Up
- UAE All-Up
- Rest of world (remaining countries of the LAMEA region) All-Up
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Major Players Operating in the Display (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- SLG Display Co. Ltd.
- Samsung Electronics Co., Ltd
- Epson
- NEC Display Solutions
- NEC Display Solutions
- Cambridge Display Technology Limited
- HP Development Company
- Sony Corporation
- AU Optronics Corp.
- Japan Display Inc.
- Innolux Corporation
- HannStar Display Corporation,
- Sharp Corp. Limited
- BOE Technology Group Co., Ltd.
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