Display Devices Market Future Trends, Growth Dynamics and Forecast

Display Devices Market

Display Devices Market

According to the report compiled by Persistence Market Research (PMR), the global display device market is expected to witness robust growth by 2026. The market is expected to register a CAGR of 8.3% by 2026. It is also expected to reach US$360,275.6 million. turnover by the end of 2026.

There has been an increase in the demand for electronic products such as PCs, laptops, smartphones, etc. This is expected to play an important role in the growth of the global display device market. Display device manufacturers are also focusing on improving their reach in the global market with the help of strategic partnerships.

The development of smart and application-specific devices is also driving the demand for display devices across the globe. Consumers also demand devices with high-resolution technology, which is why manufacturers are focusing on increasing screen resolution.

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Increased focus on advanced display technology

The companies are focusing on advanced display technology in various devices including smartphones, tablets, TVs, smartwatches, etc. Manufacturers are also focusing on supplying flat screens. Apart from liquid crystal display (LCD) technology, other flat panel display technologies that are gaining traction in the market are plasma display panels (PDP), organic light emitting diodes (OLED), l field emission display (FED) and electronic papers. Additionally, the trend towards high resolution displays is evident in all segments of the display device market.

Virtual Reality (VR) also involves display technology that provides better real-time visuals. Manufacturers are eager to include OLED display in virtual reality. The curved and paper-thin OLED screen is said to provide a whole new experience while playing games or watching movies. These technologies are also combined with 3D to enhance the experience. Manufacturers are eager to deliver a whole new experience with the glassless 3D display that will eliminate the need for 3D glasses.

Global Display Devices Market: Segment Insights

The global display device market comprises various segments such as applications, display type, and end user. On the basis of display type, the market segment includes LED, LCD, AMOLED, OLED and others such as e-paper, laser TV, etc. Among these, the LED display is expected to experience robust growth. By the end of 2026, LED display is expected to exceed $148,200 million in revenue.

Based on applications, the market segment includes mobile phones, TV, tablets, monitors, automotive, laptops and others. Television is expected to be the largest segment by revenue in the global display device market. It is estimated to account for more than two-fifths of the revenue share by the end of 2017.

By end user, market segmentation includes large enterprise, small medium enterprise, and residential. Of these, residential is expected to be the largest end user of the display device. By the end of 2026, residential as an end user is expected to create an incremental opportunity exceeding US$89,100 million between 2017 and 2026.
Geographically, Asia-Pacific excluding Japan (APEJ) is expected to be the largest region in the global display device market during the forecast period 2017-2026. It is estimated to represent a robust CAGR between 2017 and 2026.

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Global Display Devices Market: Competitive Landscape

The report offers an in-depth analysis of some of the major players in the global display device market such as Samsung, LG, Apple, Panasonic, Toshiba, Sony, Hiesense, TCL Corporation, Skyworth, and Sharp. Most of the major players are planning to develop large-scale production facilities with the introduction of new technologies.

Global Display Devices Market: Segmentation

North America
Latin America

Display type
Others (electronic paper, laser TV, etc.)

Mobile phones

Final user
Large companies
Small and medium enterprises

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This press release was published on openPR.

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