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Display Market Trends

  • Report ID: GMI2418
  • Published Date: Aug 2024
  • Report Format: PDF

Display Market Trends

The demand for high-resolution displays, such as 4K and 8K, is rapidly growing across various applications, including consumer electronics, gaming, and digital signage. As content creators and consumers seek more immersive visual experiences, manufacturers are pushing the boundaries of display technology to deliver sharper images, vibrant colors, and enhanced contrast ratios. This trend is driving significant investments in research and development to create more advanced display panels that can meet the rising expectations for clarity and detail.
 

Organic Light-Emitting Diode (OLED) and Micro-LED technologies are gaining traction as they offer superior performance compared to traditional LCDs. OLED displays are known for their excellent color accuracy, deeper blacks, and flexibility, making them ideal for smartphones, TVs, and wearable devices. Meanwhile, Micro-LEDs are emerging as a promising technology due to their high brightness, energy efficiency, and long lifespan. The growing adoption of these technologies is expected to revolutionize the display market, particularly in premium and high-end product segments.
 

The expanding market for augmented reality (AR) and virtual reality (VR) is driving innovation in display technologies. AR and VR applications require displays with high refresh rates, low latency, and wide fields of view to create realistic and immersive experiences. As AR and VR continue to gain popularity in gaming, education, healthcare, and industrial applications, the demand for specialized displays that can meet these unique requirements is increasing. This trend is encouraging display manufacturers to develop new solutions tailored to the needs of the AR and VR markets, further diversifying the display industry.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The industry size for display was valued at USD 136.5 billion in 2023 and is anticipated to grow at over 5% CAGR between 2024 and 2032 due to the growing popularity of consumer electronics, including smartphones, tablets, and laptops

The transparent display market is expected to reach over USD 5.4 billion by 2032 led by widespread adoption in consumer electronics such as televisions, monitors, and smartphones.

North America industry recorded over 37% share in 2023, driven by significant advancements in consumer electronics, particularly in the U.S.

Samsung Electronics Co., Ltd., LG Display Co., Ltd., BOE Technology Group Co., Ltd., AU Optronics Corp., Innolux Corporation, and Sharp Corporation

Display Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 448
  • Countries covered: 22
  • Pages: 256
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