Seven Segments Display Market

Seven Segments Display Market Size

The global seven segments display market size was estimated at USD 10.7 billion in 2024. The market is expected to grow from USD 11.3 billion in 2025 to USD 19 billion in 2034 at a CAGR of 5.9%.

The growth in smartphones and other handheld devices with screens creates demand for small, low-power seven-segment displays for notifications, display of the time, etc. Small seven-segment displays are used in devices such as smartwatches and fitness watches to display important information in a small form factor.

Moreover, the Growing demand for digital displays in automobile dashboards for enhanced visibility, personalization, and incorporation of advanced features like navigation and vehicle diagnosis. Infotainment systems use seven-segment displays to display multimedia, climatic settings, and vehicle configurations, enhancing driver and passenger comfort. Of key importance in industry usage for displaying key process parameters, equipment conditions, and alarms in real-time, with the impact of maximizing process efficiency and safety. An essential part of medical equipment for the presentation of vital signs, patient data, and treatment parameters in healthcare facilities and institutions for diagnosis and patient care. Diagnostic equipment utilizes seven-segment displays for presenting test results, readings, and operating status clearly and accurately.

Seven-segment displays are primarily numeric and limited in character set compared to more versatile display technologies. This restricts their use in applications requiring complex graphics or multi-language support. As electronic devices become smaller and more compact, there is a demand for smaller display sizes. Traditional seven-segment displays may struggle to meet the miniaturization requirements without compromising readability.

Seven Segments Display Market Trends

• Seven Segment Display market is growing tremendously on account of high demand for energy-efficient, rugged, and easily visible display devices. LED seven-segment displays are most widely used because of their high performance compared to common LED and LCD displays. With consumer electronics moving towards thin and smaller formats, there is an increasing trend for thinner and smaller seven-segment displays, particularly in smartphone, wearables, and IoT devices. They are being embraced in smart products for showing crucial information like time, notifications, and sensor output, adding more functionality and usability.
  
• Moreover, the demand for higher-resolution seven-segment displays is increasing as automotive, medical, and industrial instrumentation industries require sharper images for mission-critical applications. This trend is in line with the overall movement toward embedding advanced, power-efficient display technologies into an array of products and systems so that the market continues to be strong and adaptive to changing consumer and industry demands.
  

Seven Segments Display Market Analysis

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Based on configuration, the market is segmented as common anode and common cathode. In 2024, the common anode segment generated a revenue of USD 6.5 billion and is expected to grow at a CAGR of around 6.1% during the forecast period.

• A common anode display is clearly preferred in the digital electronics world due to its ease in interfacing with logic circuits, microcontrollers, and IC’s which makes them easier to be designed and integrated with pores.
  
• In addition, common anode displays are easier to manage with respect to efficiency and brightness control. Modulating the brightness of a single segment or even the entire display is possible with the use of pulse-width modulation (PWM) techniques for those applications that require changeable brightness levels. For those applications where the driver circuits need to sink current from each segment to ground, common cathode displays work best. This configuration simplifies the design of the driver circuits which have to be capable of sinking large amounts of current and higher voltage levels.
  

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Based on display type, the seven segments display market is segmented as LED, LCD and Others (Plasma, OLED). In 2024, the LED segment accounted for over 55.8% and is expected to grow at the rate of 6.2% till 2034.

• The size of LED displays in the display industry is booming because of the ever-growing need of robust and energy-efficient display option. LED seven-segment displays find extended portability in diverse applications owing to their compact size, low power consumption, and ability to produce high-quality imaging. The Automotive, consumer electronics, medical equipment, and industrial machinery sectors are adopting LEDs to enhance product serviceability and user satisfaction.
  
• Additionally, the increasing market for IoT and wearable technology coupled with smartphones is triggering the growth of the small seven-segment LED displays. Accompanied by advancement in technology, there is a shift in consumer preferences from traditional displays to ultra-high-definition LED displays that enhance the quality of images displayed along with the details in the content. Such developments motivate us to believe in the positive impact that LED displays on the future growth of electronic devices and systems and the endless possibilities that they provide for different sectors.
  

Based on Distribution Channel, the seven segments display market is segmented as Direct and Indirect. In 2024, the Indirect segment generated a revenue of USD 7.4 billion and is expected to grow at a CAGR of around 5.7% during the forecast period.

• The Indirect segment of the Seven Segment Display market includes displays components whose functions are not currently being used but are vital to the system’s operation. Other elements like integrated drivers, controllers, interfacing circuits, and other supporting components that enable seven-segment displays to function properly in different applications are considered the indirect portion of the display unit. This segment’s growth is aligned with the increasing demand for sophisticated and quality displays in consumer electronics and automotive, medical, and industrial devices.

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• In 2024, North America dominated the seven segments display market with accounting to around 26.4% of the global market share and generated around USD 2.8 billion revenue in the same year. The region employs rapidly growing compact and energy-efficient display technologies used in smartphones, smartwatches, fitness trackers, and other portable devices due to the high demand for consumer electronics. The U.S. uses the largest quantity of smartphones and wearable devices, requiring the use of compact, energy-efficient seven-segment displays for time, notification, and status indicators. The region employs rapidly growing compact and energy-efficient display technologies used in smartphones, smartwatches, fitness trackers, and other portable devices due to the high demand for consumer electronics.
  
• The Asia Pacific region has emerged a leader in the adoption of smart devices, electronics manufacturing, and technology in four key countries: China, Japan, South Korea and India. As these countries are dominant in consumer electronics, automotive and industrial sectors, the demand for advanced technologies such as LED based seven-segment displays is ever-increasing. With the rapid growth of the IoT, urbanization, smart wearable devices and automation, the market for seven-segment displays is predicted to expand even further.
  
• The European market is witnessing growth, particularly in the seven-segment display's application for industrial automation, medical equipment, and automotive technologies. With Germany, the UK, and France spearheading the adoption of advanced display technologies, there is an ever-increasing demand for contemporary, high-resolution, and energy-efficient digital devices for use in machinery, automotive, and electronics. In addition, the integration of IoT solutions and connected automation technologies within other smart devices and the proliferation of connected systems across the continent further accelerates the need for integrating seven-segment displays.
  

Seven Segments Display Market Shares

• The top 6 companies in the Seven Segment Display Market include Asian Electronics, Avago Technologies, Broadcom Inc., Everlight Electronics Co. Ltd., Kingbright Electronic Co. Ltd., and LITE-ON Technology Corporation, and they collectively hold a share of 35% in the market.
  
• Companies are constantly putting money into R&D development and product innovations in order to be competitive. LITE-ON Technology Corporation, for example, is concentrating on increasing the brightness and resolution of its displays, while Everlight Electronics Co. Ltd. is developing energy-saving solutions that target the increasing need for sustainable and long-lasting display technologies.
  
• Some players in the market are adopting sustainable and environmentally friendly alternatives to stay in business. Asian Electronics, for instance, is targeting the development of energy-saving seven-segment displays that are less carbon intensive, in tune with the new trends of eco-friendliness and sustainability. Likewise, Avago Technologies is coming up with low-power high-performance seven-segment displays focusing on environmental friendliness and fulfilling the market demand for more environmentally friendly products.
  

Seven Segments Display Market Companies

Major players operating in the seven segments display industry are:

• Asian Electronics
• Avago Technologies
• Broadcom Inc.
• Everlight Electronics Co. Ltd.
• Kingbright Electronic Co. Ltd.
• LITE-ON Technology Corporation
• Lumex Inc.
• Maxim Integrated Products Inc.
• NEC Corporation
• Nichia Corporation
• OSRAM
• Panasonic Corporation
• Sharp Corporation
• Texas Instruments Inc.
• Vishay Intertechnology Inc.
  

Vago Technologies and Broadcom Inc. are pursuing mergers and other strategic partnerships in an effort to increase their foothold in the Seven Segment Display industry worldwide. For example, Avago Technologies, who, with the purchase of LSI Corporation, have now become a part of Broadcom Inc., purchased multiple companies over time to diversify their product offerings and consolidate their position in the display technology industry. With the purchase of LSI, Avago was able to capitalize on LSI's innovations in displays and semiconductors which, in turn, helped fuel further expansion of their seven-segment display business around the globe.

Broadcom Inc. has similarly been aggressive in pursuing purchases in an attempt to expand its product range. Broadcom intends to incorporate new technologies from their acquisitions into their seven-segment display products to improve their energy efficiency and overall performance. This approach allows the company to stay abreast of competition in the dynamically changing international arena.

 Seven Segments Display Industry News

• In May 2024, BenQ introduced its high-end COG active-matrix Mini LED display with the MOBIUZ EX321UX launch in Japan. This monitor is built from 31.5-inch Display of BOE under α-MLED technology brand and features advanced COG AM MLED with local dimming and ultra-high brightness, contrast ratio, and wide color gamut coverage. The monitor aims to transform the viewing experience.
  
• In June 2024 AUO Corporation manufactured a display fully powered by green energy for Acer’s carbon-neutral laptops. This is an initiative that seeks to capitalize on digital and green innovation toward a business aim of carbon reduction through R&D value chain integration.
  
• In July 2023 OPTO PLUS LED Corp launched the ring display with a hollow center, which can be integrated with the customers’ products to achieve the function of a ring ambient light. This product release is for standard products and the emission color can be adjusted through the standard product customization process.
  

The seven segments display market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2034, for the following segments:

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Market, By Configuration

• Common anode
• Common cathode

Market, By Display Type

• LED
• LCD
• Others (plasma, OLED)

Market, By Application

• Digital Clocks
• Calculators
• Wristwatches
• Speedometers
• Motor-vehicle odometers
• Others (radio frequency indicators, etc.)

Market, By End Use

• Consumer electronics
• Industrial applications
• Automotive
• Medical devices
• Others (aerospace, etc.)

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa