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Displays Market Size, Share, Growth, Trend | Forecast 2031
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Displays Market Size, Share, Growth, Trend | Forecast 2031

Segments - Global Displays Market by Display Types (Flat Panel Display, Transparent Panel Display, and Flexible Panel Display), Product Types (Automotive Displays, Digital Signage/Large Format Displays, PC Monitors & Laptops, Smart Wearable [AR HMD, VR HMD, and Smart watch], Smartphones, Tablets, Television Sets, and Others), Technology (E-paper, LED, OLED, LCD, Quantum Dot, and Others), Panel Sizes (Micro Displays, Large Panels, and Small & Medium-sized Panels), Verticals (Automotive, Consumer, Defense & Aerospace, Education, Healthcare, Sports & Entertainment, Industrial & Enterprise, Retail, Hospitality, & BFSI, Transportation, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3482 | 4.9 Rating | 75 Reviews | 200 Pages | Format : PDF Excel PPT

Report Description


Displays Market Outlook 2031:

The global displays market size was valued at USD 152.46 Billion in 2022 and is projected to reach USD 207.79 Billion by 2031, expanding at a CAGR of 3.5% during the forecast period 2023 - 2031. Displays are quick in executing color and organic liquid crystal display and light emitting diode interfaces, with features such as a non – touch screen and touch screen, as well as a smart graphical user interface.

It is made up of software and hardware, and the functionality of displays is determined by embedded software. It is also widely utilized in consumer electronic devices such as computers, televisions, laptops, tablets, and smart watches. The introduction of modern technology allows for improved visualizations in a variety of industry verticals, including retail, consumer electronics, transportation, sports & entertainment, and others.

Displays Market Outlook

  • Rising need for OLED display devices and increasing trend of touch-based devices are expected to boost the displays market.
  • Increasing adoption for display-based medical devices, such as respirators and ventilators, as a result of the COVID-19 outbreak, is one of the market's key driving factors.
  • Growing use of automated equipment and deployment of displays in 3D systems is boosting the market.
  • Increasing demand for improved connectivity, safety, and convenience in automobiles is projected to propel the market.
  • The expensive cost of most recent display technologies, such as quantum dot displays and transparent panels, is hindering the displays market growth.
  • Decreasing demand for commercial displays as a result of a significant move toward online shopping and advertising hampers the displays market expansion.
  • Rising popularity of flexible and foldable display devices is estimated to provide substantial growth opportunities in the display market. 

Scope of Displays Market report:

The report on the displays market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Displays Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2016 - 2021

Forecast Period

2023 – 2031

Segmentation

Display Types (Flat Panel Display, Transparent Panel Display, and Flexible Panel Display), Product Types (Automotive Displays, Digital Signage/Large Format Displays, PC Monitors & Laptops, Smart Wearable [AR HMD, VR HMD, and Smart watch], Smartphones, Tablets, Television Sets, and Others), Technology (E-paper, LED, OLED, LCD, Quantum Dot, and Others), Panel Sizes (Micro Displays, Large Panels, and Small & Medium-sized Panels), Verticals (Automotive, Consumer, Defense & Aerospace, Education, Healthcare, Sports & Entertainment, Industrial & Enterprise, Retail, Hospitality, & BFSI, Transportation, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Sharp; Leyard Optoelectronic; Panasonic Corporation; Amazon.com, Inc; Samsung; Sony; LG Electronics; Gentex; Alpine Electronics; Sharp Corporation; Manga International Inc.; and Japan Display Inc.

Displays Market Segment Insights:

The flexible panel display segment is projected to hold significant market share

Based on display types, the display market share can be segmented into flat panel display, transparent panel display, and flexible panel display. The flexible panel display segment is projected to hold significant market share. The flexible display technology offers several advantages such as flexible nature, light weight, low power consumption, brightness, and shatter-proof.

These displays are found in a variety of consumer electronics gadgets. The rise in demand for consumer electronics, particularly televisions, smartphones, PCs, smart wearable devices, and other display devices, drives the segment.

Displays Market Display Type

The smartphones segment is anticipated to account for a substantial share

On the basis of product types, the displays market share can be segregated into automotive displays, digital signage/large format displays, pc, monitors & laptops, smart wearable, smartphones, tablets, television sets, and others. The smart wearable segment is further divided into AR HMD, VR HMD, and smart watch. The smartphones segment is anticipated to account for a substantial share, owing to rising use of flexible and OLED displays.

Shipments of high-priced foldable OLED displays are rapidly expanding, and this trend is projected to continue during the projected period. The smart wearable segment is estimated to expand at a robust pace in the coming years. The need for these devices is expanding, and with the widespread use of AR/VR technologies, the demand for smart wearable is predicted to rise exponentially over the forecast period.

The LCD segment is projected to register a substantial growth rate during the forecast period

In terms of technology, the display market can be fragmented into e-paper, LED, OLED, LCD, quantum dot, and others. The LCD segment is projected to register a substantial growth rate during the forecast period. LCD technique has been increasingly used in display products. LCD-based devices are currently used in a variety of industries, including corporate offices, retail, and banks.

LED segment is anticipated to expand at a rapid pace in the near future. LED technology advancements and its powerful nature are pushing the demand for this technology. 

The small & medium-sized panels segment is expected to expand at a high CAGR during the projected timeline

Based on display sizes, the market can be divided into micro displays, large panels, and small & medium-sized panels. The small and & medium-sized panels segment is expected to expand at a healthyhigh CAGR  growth rate during the projected timeline, owing to widespread use of smart display devices in the automotive and smart home sectors, where small displays are preferred over bigger displays, which is a primary driver of the segment.

Displays Market Panel Sizes

The automotive segment is anticipated to hold substantial market share

On the basis of verticals, the display market share can be segregated into automotive, consumer, defense & aerospace, education, healthcare, sports & entertainment, industrial & enterprise, retail, hospitality, & BFSI, transportation, and others.

The automotive segment is anticipated to hold substantial market share. In the future, the display market is projected to focus on flexible displays, which are light, thin, and less likely to break than conventional displays. As a result, flexible screens are predicted to both generate and replace new display technologies.

Asia Pacific is expected to dominate the market

In terms of regions, the market can be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, due to increasing amount of display panel production plants and rapid use of OLED displays. Asia Pacific has a low labor cost, which lowers the overall production costs of display screens.

This has enticed a number of corporations to locate new LCD and OLED panel production plants in this region. Furthermore, increased display device used in many industries, particularly in countries such as India, China, and South Korea, is a key factor boosting the market.

Displays Market Region

Segments

Segments Covered in the Report:

By Display Types

  • Flat Panel Display
  • Transparent Panel Display
  • Flexible Panel Display

By Product Types

  • Automotive Displays
  • Digital Signage/Large Format Displays
  • PC Monitors & Laptops
  • Smart Wearable
    • AR HMD
    • VR HMD
    • Smart watch
  • Smartphones
  • Tablets
  • Television Sets
  • Others

By Technology

  • E-paper
  • LED
  • OLED
  • LCD
  • Quantum Dot
  • Others

By Panel Sizes

  • Micro displays
  • Large Panels
  • Small and Medium-sized Panels

By Verticals

  • Automotive
  • Consumer
  • Defence & Aerospace
  • Education
  • Healthcare
  • Sports & Entertainment
  • Industrial & Enterprise
  • Retail, Hospitality, and BFSI
  • Transportation
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Sharp
  • Leyard Optoelectronic
  • Panasonic Corporation
  • Amazon.com, Inc
  • Samsung
  • Sony
  • LG Electronics
  • Gentex
  • Alpine Electronics
  • Sharp Corporation
  • Manga International Inc.
  • Japan Display Inc

Competitive Landscape

Key players in the display market include Sharp; Leyard Optoelectronic; Panasonic Corporation; Amazon.com, Inc; Samsung; Sony; LG Electronics; Gentex; Alpine Electronics; Sharp Corporation; Manga International Inc.; and Japan Display Inc.

These players are widely engaged in various market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Displays Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Displays Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Displays Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Displays Market - Supply Chain
  4.5. Global Displays Market Forecast
     4.5.1. Displays Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Displays Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Displays Market Absolute $ Opportunity
5. Global Displays Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Displays Market Size and Volume Forecast by Types
     5.3.1. Flat Panel Display
     5.3.2. Transparent Panel Display
     5.3.3. Flexible Panel Display
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Displays Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Displays Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Displays Demand Share Forecast, 2019-2026
7. North America Displays Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Displays Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Displays Market Size and Volume Forecast by Types
     7.4.1. Flat Panel Display
     7.4.2. Transparent Panel Display
     7.4.3. Flexible Panel Display
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Displays Demand Share Forecast, 2019-2026
8. Latin America Displays Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Displays Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Displays Market Size and Volume Forecast by Types
     8.4.1. Flat Panel Display
     8.4.2. Transparent Panel Display
     8.4.3. Flexible Panel Display
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Displays Demand Share Forecast, 2019-2026
9. Europe Displays Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Displays Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Displays Market Size and Volume Forecast by Types
     9.4.1. Flat Panel Display
     9.4.2. Transparent Panel Display
     9.4.3. Flexible Panel Display
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Displays Demand Share Forecast, 2019-2026
10. Asia Pacific Displays Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Displays Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Displays Market Size and Volume Forecast by Types
     10.4.1. Flat Panel Display
     10.4.2. Transparent Panel Display
     10.4.3. Flexible Panel Display
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Displays Demand Share Forecast, 2019-2026
11. Middle East & Africa Displays Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Displays Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Displays Market Size and Volume Forecast by Types
     11.4.1. Flat Panel Display
     11.4.2. Transparent Panel Display
     11.4.3. Flexible Panel Display
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Displays Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Displays Market: Market Share Analysis
  12.2. Displays Distributors and Customers
  12.3. Displays Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sharp
     12.4.2. Leyard Optoelectronic
     12.4.3. Panasonic Corporation
     12.4.4. Amazon.com, Inc
     12.4.5. Samsung
     12.4.6. Sony
     12.4.7. LG Electronics
     12.4.8. Gentex

Methodology

Our Clients

Honda Motor Co. Ltd.
Siemens Healthcare
General Mills
FedEx Logistics
sinopec
Microsoft
The John Holland Group
Deloitte