“Display Market by Technology (LED-backlit LCD, OLED, QD-LED, E-Paper), Display Type (Flat, Flexible, Transparent), Application (Smartphone & Tablet, TV & Digital Signage, PC Monitor & Laptop), Vertical, and Geography – Global Forecast to 2022″
The market is expected to grow to USD 169.17 Billion by 2022, from USD 106.41 Billion in 2015, at a CAGR of 7.5% between 2016 and 2022. The high growth of the flexible panel market, rising demand for OLED-based devices, and development of energy-efficient, attractive, and high specification display products are expected to be the major drivers for the market.
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.
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.
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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. (China), Hannstar Display Corp. (Taiwan), Varitronix International Limited (Hong Kong), TCL Display Technology Holdings Limited (Hong Kong), Universal Display Corp. (U.S.), and E Ink Holdings Inc. (Taiwan).
Key Target Audience:
Raw material providers
Display-related service providers
Display-related associations, organizations, forums, and alliances
Government bodies, such as regulating authorities and policy makers
Venture capitalists, private equity firms, and start-ups
Semiconductor component suppliers
Panel and devices distributors, and sales firms
Research institutes, organizations, and consulting companies
“The study answers several questions for the target audience; this primarily includes the market segments to focus on over the next two to five years for prioritizing efforts and investments.”
In this report, the market has been segmented by
Display Market, by Display Type:
Display Market, by Technology:
Quantum Dot LED
Laser phosphor display (LPD)
Interferometric modulator display (IMOD)
Display Market, by Vertical:
Automotive and aerospace
Government and defense
Others (Hospitality and Education)
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