The global electronic display market was valued at USD 729.3 billion in 2020. The market is projected to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing applications in different end-use segments, technological advancements, and development of the consumer electronics industry.
An electronic display, informally known as a screen, is a device for displaying images, video, and text electronically. It is used in computing applications such as smartphones, information appliances, and tablet computers. Electronic displays present visual information through electrical input signals or by radiating light.
The report on the global electronic display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Global Electronic Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Technology (LED, LCD, and OLED), Applications (Automotive Display, Digital Signage, and Consumer Electronics), End-use (Entertainment, Retail, Corporate, Government, and Healthcare) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | ActiveLight Inc., LG Electronics, AU Optronics Corp., Cambridge Display Technology Ltd., Casio Computers Co. Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Panasonic Corporation, Zenith Electronics Corporation, and Sony Corporation. |
The LCD Segment is expected to grow at a rapid pace during the forecast period
Based on technology, the global electronic display market is segregated as LED, LCD, and OLED. The LCD segment is anticipated to hold a major share in the market. This segment accounts for over 35% of the total revenue share, due to rising usage in consumer electronic devices such as laptops and TVs. Rising interest in OLED technology, which offers high picture quality and performance as compared to traditional display, is projected to fuel the market.
OLED technology is being used in numerous applications, which is anticipated to drive the market. Manufacturers are gradually shifting from rigid OLED displays to flexible AMOLED displays to gain a competitive advantage over other manufacturers.
The Consumer electronics segment holds more than 50% of total revenue share
On the basis of applications, the global electronic display market is fragmented as automotive display, digital signage, and consumer electronics. The consumer electronics segment is expected to witness a high CAGR during the forecast period. Large demand for digital signage across different segments is anticipated to show a positive impact on the market. Major improvements such as advanced digital signage 2.0 are expected in the retailing industry, leading to developments in business strategy. The explosion of gaming and m-commerce is expected to increase the demand for tablets and smartphones, which in turn, fuels the electronic display market during the projected years. Increase in demand for OLED and LED is projected to boost the segment growth.
The entertainment segment accounted for 30% of total revenue share
In terms of end-use, the global electronic display market is classified as entertainment, retail, corporate, government, and healthcare. The entertainment segment is anticipated to expand at a rapid pace during the forecast period. Substantial growth of the mobile gaming industry has led to the growth of this segment. The retail segment is projected to witness a CAGR of 11.3% during the forecast period. Retailers across the globe use digital signage for consumer targeting. Increase in the use of digital signage in the retail segment along with rising adoption of m-commerce retail has fueled the market.
Asia Pacific region is expected to dominate the global electronic display market during the forecast period
On the basis of regions, the global electronic display market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to expand at a substantial CAGR during the forecast period. Low manufacturing costs along with lenient government restrictions in the region has encouraged key manufacturers to launch manufacturing centers in the region, which in turn, is expected drive the regional market.
The market in North America is projected to grow during the forecast period. Rise in disposal incomes and improved lifestyle of people are estimated to increase the demand for advanced display applications.
Key players in the global electronic display market include ActiveLight Inc., LG Electronics, AU Optronics Corp., Cambridge Display Technology Ltd., Casio Computers Co. Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Panasonic Corporation, Zenith Electronics Corporation, and Sony Corporation. Smartphone producers and manufacturers of consumer electronics are forming alliances with display technology manufacturers to produce advanced electronic display components.
Key players in the global electronic display market include ActiveLight Inc., LG Electronics, AU Optronics Corp., Cambridge Display Technology Ltd., Casio Computers Co. Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Panasonic Corporation, Zenith Electronics Corporation, and Sony Corporation. Smartphone producers and manufacturers of consumer electronics are forming alliances with display technology manufacturers to produce advanced electronic display components.
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