Display Market

1. Display Market Demand, Key Players, Opportunities, Scenario, & Forecast Analysis By 2028 The display market is projected to reach USD 187.8 billion by 2028 from USD 157.8 billion in 2023 at a CAGR of 3.5% during the forecast period. Surging adoption of OLED displays in various applications, increasing demand for displays in automotive and healthcare industries, and increasing use of LED displays for video walls, TVs, and digital signage applications are some of the major factors driving the market growth. Micro-LED to register highest CAGR during the forecast period Micro-LED displays offer several advantages over traditional LCD displays, including improved energy efficiency, better contrast, and faster response times. Micro-LEDs are a promising technology, with a diverse range of potential applications. Notably, the two most significant areas of implementation lie at the opposite ends of the size spectrum. At one end, wearable devices such as smartwatches and near-to-eye (NTE) devices, which feature minute displays, can greatly benefit from micro-LED technology. Conversely, extremely large indoor public displays represent the other end of the size spectrum that can leverage the unique properties of micro-LEDs. Consumer electronics to account for the largest share of display market during the forecast period The consumer segment is expected to continue to account for the largest size of the market during the forecast period. The consumer industry includes products such as smartphones, televisions, smart wearables, PC monitors and laptops, and tablets, all of which have significant shares in the global market. The growing demand for organic light-emitting diode (OLED) and micro-LED displays for devices such as smartphones and television sets due to their thinness, flexibility and vibrant colors is a major factor driving the market growth for consumer electronics. Smartphones to account for the largest share of display market during the forecast period The smartphone display market accounted for the largest share in 2022 and is expected to dominate the market during forecast period. The growing adoption of OLED and flexible displays in smartphones is a major factor contributing to the market growth. Furthermore, the volume of flexible OLED display panels has been witnessing a significant growth in recent years, subsequently driving the market growth for smartphones. Furthermore, the rollout of 5G is expected to create a surge in demand for smartphones, thereby, driving the market growth for LCD and OLED displays. Moreover, the increasing adoption of smart wearbles is expected to create growth opportunities for market players offering LCD and OLED display panels. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=925 Asia Pacific to register the highest growth during the forecast period Asia Pacific is expected to register the highest CAGR in the display market from 2023 to 2028. Asia Pacific is the largest producer and consumer of displays due to the presence of established display panel and device manufacturers such as Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China), AUO Corporation (Taiwan), etc. Furthermore, increasing investments by governments and other organizations in retail and education industries is also expected to provide ample growth opportunities for market players in the region. About MarketsandMarkets™

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