Display Market Growth, Segmentation, Manufacturing, Trend Analysis and Forecasts 2022

1. Display Market Growth, Segmentation, Manufacturing, Trend Analysis and Forecasts 2022 “The display market was valued at USD 106.41 Billion in 2015 and is expected to reach USD 169.17 Billion by 2022, at a CAGR of 7.5% during the forecast period. The base year used for this study is 2015 and the forecast period is 2016–2022.” The Display Market was valued at USD 106.41 Billion in 2015 and is expected to reach USD 169.17 Billion by 2022, at a CAGR of 7.5% between 2016 and 2022. Growing demand for flexible displays in smartphones, smart wearables, e-readers, and other applications is the main driver of the market. It is also driven by factors such as rising demand for OLED-based devices and development of energy-efficient, attractive designs, and high specification display products. Devices based on new technologies such as OLED and Quantum dot LED are expected to penetrate into other sectors such as smart home appliances, automotive, and others in the near future. The report covers the market in terms of technology, display type, vertical, application, and geography. Consumer electronics led the display market in terms of market share in 2015, with the trend likely to continue till 2022. The high acceptance rate of newer technologies in consumer electronics (such as smartphone, tablet, TV, PC monitor, laptop, and smart wearables), which are always in high demand, is the main reason for its largest market share in the market. Education and hospitality are expected to grow at the highest rate in the display market during the forecast period, as technologies such as OLED, e-paper, and LED-backlit LCD have a wide range of applications for these verticals. The quantum dot LED market is expected to grow at the highest rate between 2016 and 2022. The recent launch of QD-LED technology for TV application and its continuous development for other applications, such as PC monitor, laptop, smartphone, and others, are driving the growth of QD-LED technology. QD-LED-based devices offer high quality picture and thin design at low power consumption. Also, the manufacturing process of QD-LED- based panels is simpler than OLED technology. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=925

2. North America held the largest share of the market in 2015 owing to the high adoption rate of newer technologies such as OLED and QD-LED in the U.S, which is a major contributor to the growth of the market in the region. APAC is expected to grow at the highest rate between 2016 and 2022 due to the presence of major panel and brand product manufactures in this region. Due to this and the large consumer population in the region, companies usually launch their new technologies or products in APAC. The high cost associated with new display technology-based products and saturation in the shipment of TVs and PC monitors are the major restraints for the growth of the display market. The fluctuating average selling price of panels is the key challenge faced by display panel manufacturers. This report comprises details of the drivers, restraints, opportunities, and challenges pertaining to the market; analysis of the current market scenario; and market forecasts till 2022. Major companies operating in the this market are LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), AU Optronics Corp. (Taiwan), Innolux Corp. (Taiwan), and Japan Display Inc., (Japan), Sharp Corp. (Japan), BOE Technology Group Co. (China), Hannstar Display Corp. (Taiwan), Varitronix International Limited (Hong Kong), TCL Display Technology Holdings Limited (Hong Kong), Universal Display Corp. (U.S.), E Ink Holdings Inc. (Taiwan), among others. Browse Full Research Report @ https://www.marketsandmarkets.com/Market-Reports/display-market-925.html Quantum dot LED technology-based devices to achieve highest market growth Quantum dot-based devices are new to the display market and account for a very small market share, but due to the promising technological advantages over OLED and LED-backlit LCD, it is expected to grow at the highest rate. The market penetration of QD-LED technology is expected to be high for TVs and digital signage applications. North America to hold the major market share for display market during the forecast period North America, comprising the U.S., Canada, and Mexico, held the largest share of the display market in 2015. The U.S. is a major contributor to the growth of the market in North America. The growth of the market in North America can be attributed to the fast adoption of latest technologies such as QD-LED and OLED in the consumer electronics domain, especially in the U.S. Due to the large population in economies, such as Japan, South Korea, China, and India, coupled with the thriving consumer electronics and retail sectors, there are immense opportunities for panel manufactures in the APAC region. Major players in the market are LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), AU Optronics Corp. (Taiwan), Innolux Corp. (Taiwan), Japan Display Inc., (Japan), Sharp Corp. (Japan), BOE Technology Group Co.

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