Display Market Report Description

Blaze Display Technology Co., Ltd. | Updated: Nov 27, 2018

The global displays market size was estimated at USD 156.9 billion in 2021 and is expected to be worth around USD 297.1 billion by 2030 and anticipated to expand at a CAGR of 7.35% during the forecast period 2022 to 2030.

Screens that project information like pictures, movies, and messages are referred to as displays. Numerous technologies, including light-emitting diodes (LEDs), liquid crystal displays (LCDs), organic light emitting diodes (OLEDs), and others, are used in these display panels. Additionally, it plays a significant role in consumer electronics including TVs, computers, tablets, laptops, smart watches, and others. Consumer electronics, retail, sports & entertainment, transportation, and other business verticals all benefit from improved visualizations brought forth by the development of modern technology. In the consumer electronics and entertainment industries, 3D displays are popular. Additionally, flexible display technologies are becoming more and more common.

 

Furthermore, display technologies like organic light-emitting diode (OLED) have become more crucial in items like televisions, smart clothing, cell phones, and other gadgets. In order to draw customers, smartphone makers also want to use flexible OLED screens. In addition, the market is also developing energy-saving gadgets, mainly for wearable technology. Presently, a wide range of industries, including those in the entertainment, business, transportation, retail, hospitality, education, and healthcare, among others, employ a lot of displays. These make it possible for organizations to interact with a larger audience. A centralized network for digital communications is also facilitated by them. With capabilities like touch screen as well as non-touch screen combined with intelligent graphical user interface, displays are quick to execute color and organic light emitting diode and liquid crystal display interfaces. It is made up of hardware and software, and embedded software is what makes displays compatible with it.

 

Growth Factors

The worldwide display market is expanding as a result of advancements in flexible displays, rising OLED display device demand, and the growing popularity of touch-based devices. However, barriers to market expansion include the expensive cost of cutting-edge display technologies like quantum dot and transparent displays, as well as the stalling growth of desktop, notebook, and tablet PCs. In addition, substantial development possibilities for the global display market are anticipated from new applications in flexible display technologies.

 

One of the key reasons fueling the growth of the display market is the rise in demand for digital product and service promotion to get the attention of the target audience. The emergence of smart wearable gadgets, technical developments, and rising demand for OLED-based goods are all contributing to the market further.

The rise in demand for 4K digital sign displays with inbuilt media players and software accelerates market demand.

 

Report Scope of the Display Market

Report Coverage	Details
Market Size in 2022	USD 168.43 Billion
Market Size by 2030	USD 297.1 Billion
Growth Rate from 2022 to 2030	CAGR of 7.35%
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	Display Type, Technology, Product, Industry, End Use, Geography
Companies Mentioned	Panasonic Corporation (Japan), LG Display Co., Ltd (South Korea), HannStar Display Corporation (Taiwan), AU Optronics Corp. (Taiwan), Chi Mei Corporation. (Taiwan), SAMSUNG (South Korea), SHARP CORPORATION (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), SONY INDIA. (India), FUJITSU (Japan), Chunghwa Picture Tubes, LTD. (Taiwan), Barco.(Belgium), BOE Technology Group Co., Ltd. (China), Innolux Corporation (Taiwan), Advantech Co., Ltd (Taiwan)