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Seven Segments Display Market Trends

Report ID: GMI10428
Published Date: Jul 2024
Report Format: PDF

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Seven Segments Display Market Trends

LED (Light Emitting Diode) seven-segment displays are gaining popularity due to their energy efficiency, durability, and improved visibility compared to traditional LED and LCD displays. There is a growing demand for smaller and thinner seven-segment displays, driven by the trend towards sleek and compact electronic devices such as smartphones, wearables, and IoT devices. Seven-segment displays are increasingly integrated into smart devices and IoT applications for displaying essential information such as time, notifications, and sensor readings, enhancing user interaction and functionality. Demand is rising for high-resolution seven-segment displays that offer sharper and clearer visuals, meeting the requirements of applications in automotive displays, medical equipment, and industrial instrumentation.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for seven segments display was valued at USD 10.1 billion in 2023 and is estimated to grow at 6% CAGR during 2024-2032 owing to the increasing industrial automation.

The LED segment in the seven segments market held 46% share in 2023 and is anticipated to grow through 2032 favored by stricter regulations and focus on workplace safety.

North America seven segments display market size was USD 2.7 billion in 2023 and is expected to reach USD 4.5 billion by 2032 attributed to compact and energy-efficient displays used in smartphones, smartwatches, fitness trackers, and other portable devices.

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, and OSRAM among others.