Next-generation Display Market by Products (Mid-air, Flexible, Double-sided, 2D One-sided, Three-dimensional, and Transparent Display), Ingredients (Quantum Dots, Carbon Nanotubes, and Nanomaterials), Applications (Industrial, Consumer Electronics, Mobile Phones, Medical, E-reader, TV/Monitors, Defense & Aerospace, Automotive, Movie/Entertainment, and Advertising & Public Display), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global next-generation display market was valued at around USD 218.48 billion in 2022 and is projected to reach USD 591.41 billion by 2031, expanding at a CAGR of around 11.7% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand for large screen TVs as well as smart TVs.
The next-generation display is a modern technology that offers advanced features and properties to enhance display functions and resolutions. The next-generation display offers improvement to LCD and plasma technology and has certain advantages such as low power consumption.
The display is adopted to enhance the existing consumer products including mobile phones, by offering a higher performance along with helping in the development of devices including e-readers. Since it offers excellent properties including higher thermal resistance, these displays are preferred as alternative for the television screens, computer monitors, and others.
As these displays have low maintenance cost, they are adopted for advertisement of billboards. Various developments in nanotechnology and optoelectronics have enhanced the display technology besides offering other key features including better display quality, high resolution, and improved backlight by consuming less energy.
This display especially 4K technology is mainly used in film shooting of the motion pictures and scanning 35 mm film in digital format. The portfolio of 4K technology comprises of several products such as digital cameras, smart TVs, projectors, camcorders, smartphones & tablets, monitors, and others. Moreover, these products are used in several industries including entertainment, consumer electronics, aerospace & defense, retail & advertisement, business & education, and others.
Market Trends, Drivers, Restraints, and Opportunities
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Changing trends in display market such as higher demand for display having wider viewing angles, higher resolution, and slim & flexible products are some key drivers projected to fuel the market.
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Rising demand for green products and energy efficient display solutions owing to the environmental issues is expected to propel the market growth.
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Increasing usage of higher resolution images by cinematographers is expected to expand the market growth.
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High cost of next-generation displays as compared to other technology including LCD and plasma displays are major restraining factors that can hamper the market growth in the coming years.
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Massive R&D investment from key players to help in development of innovative display solutions are offering various opportunities for the market expansion.
Scope of the Report
The report on the global next-generation 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 |
Next-Generation Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Mid-air, Flexible, Double-sided, 2D One-sided, Three-dimensional, and Transparent Display), Ingredients (Quantum Dots, Carbon Nanotubes (CNT), and Nanomaterials), Applications (Industrial, Consumer Electronics, Mobile Phones, Medical, E-reader, TV/Monitors, Defense & Aerospace, Automotive, Movie/Entertainment, and Advertising & Public Display) |
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 |
Kyocera, Philips, Nova, Samsung Electronics, Sony, Universal Display Corporation (UDC), Add-Vision Inc., Aja Video Systems, Apple Inc., Canon Inc., Au Optronics Corp., Dupont, Fogscreen Inc., GELumination LLC, Irex Technologies Bv, LG Display, Mechdyne Systems Inc., Nemoptic, Optotek Ltd., Pioneer, Planar Systems Inc., Plastic Logic Inc., Proscreen Inc., Ritdisplay Corporation, Seiko Epson Corp., TdVision Systems Inc., and Toshiba Mobile Display Co. Ltd. |
Global Next-Generation Display Market Segment Insights
2D one-sided segment is anticipated to account for a large market share
Based on products, the market is classified into mid-air, flexible, double-sided, 2D one-sided, three-dimensional, and transparent display. The 2D one-sided segment is anticipated to account for a large market share during the coming years owing to wide adoption of the technology for various display products including consumer electronic items.
Meanwhile, the flexible segment is anticipated to constitute a major market share during the forecast period owing to high use of display technology in several electronic items. Flexible displays are widely adopted in the manufacturing of smartphones, wearable items such as smart watch and others.
Nanomaterials segment is estimated to dominate the market
On the basis of ingredients, the next-generation display market is divided into quantum dots, carbon nanotubes (CNT), and nanomaterials. The nanomaterials segment is estimated to dominate the market during the forecast period owing to the increasing usage of organic ink nanoparticles in displays. Production of advanced electronic ink fabrication technology that provide e-paper with higher brightness, lower manufacturing cost, and good contrast ratio are key driving factors for the segment growth.
Industrial segment is expected to account for a large market share
Based on applications, the market is segmented into industrial, consumer electronics, mobile phones, medical, e-reader, TV/monitors, defense & aerospace, automotive, movie/entertainment, and advertising & public display. The industrial segment is expected to account for a large market share during the analysis period owing to the growing usage of touchscreen and 2D one-sided OLED displays in the industrial sector.
On the other hand, the defense & aerospace and consumer electronics segments are projected to register a substantial growth rate in the coming years due to the wide application of 4K technology-based products in these sectors.
Asia Pacific is anticipated to dominate the market
In terms of regions, the global next-generation display market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast years in terms of revenue owing to the rapid establishment of several production units of major electronic companies due to the lower labor costs and rising government initiatives in this region.
The region is one of the largest markets for LED and OLED supplier-base, which helps in manufacturing of cost-effective displays. On the other hand, Europe is expected to hold a large market share owing to the huge consumer base for next-generation display products. This makes the region one of the most attractive markets for the display products.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Next-Generation Display 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. Next-Generation Display Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Next-Generation Display Market - Supply Chain
4.5. Global Next-Generation Display Market Forecast
4.5.1. Next-Generation Display Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Next-Generation Display Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Next-Generation Display Market Absolute $ Opportunity
5. Global Next-Generation Display Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Next-Generation Display Market Size and Volume Forecast by Applications
5.3.1. Consumer Industrial
5.3.2. Electronics
5.3.3. Mobile Phones
5.3.4. Medical
5.3.5. E-reader
5.3.6. TV/Monitors
5.3.7. Defense & Aerospace
5.3.8. Automotive
5.3.9. Movie/Entertainment
5.3.10. Advertising & Public Display
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Next-Generation Display 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. Next-Generation Display 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 Next-Generation Display Demand Share Forecast, 2019-2026
7. North America Next-Generation Display 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 Next-Generation Display 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 Next-Generation Display Market Size and Volume Forecast by Applications
7.4.1. Consumer Industrial
7.4.2. Electronics
7.4.3. Mobile Phones
7.4.4. Medical
7.4.5. E-reader
7.4.6. TV/Monitors
7.4.7. Defense & Aerospace
7.4.8. Automotive
7.4.9. Movie/Entertainment
7.4.10. Advertising & Public Display
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
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 Next-Generation Display Demand Share Forecast, 2019-2026
8. Latin America Next-Generation Display 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 Next-Generation Display 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 Next-Generation Display Market Size and Volume Forecast by Applications
8.4.1. Consumer Industrial
8.4.2. Electronics
8.4.3. Mobile Phones
8.4.4. Medical
8.4.5. E-reader
8.4.6. TV/Monitors
8.4.7. Defense & Aerospace
8.4.8. Automotive
8.4.9. Movie/Entertainment
8.4.10. Advertising & Public Display
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
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 Next-Generation Display Demand Share Forecast, 2019-2026
9. Europe Next-Generation Display 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 Next-Generation Display 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 Next-Generation Display Market Size and Volume Forecast by Applications
9.4.1. Consumer Industrial
9.4.2. Electronics
9.4.3. Mobile Phones
9.4.4. Medical
9.4.5. E-reader
9.4.6. TV/Monitors
9.4.7. Defense & Aerospace
9.4.8. Automotive
9.4.9. Movie/Entertainment
9.4.10. Advertising & Public Display
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
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 Next-Generation Display Demand Share Forecast, 2019-2026
10. Asia Pacific Next-Generation Display 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 Next-Generation Display 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 Next-Generation Display Market Size and Volume Forecast by Applications
10.4.1. Consumer Industrial
10.4.2. Electronics
10.4.3. Mobile Phones
10.4.4. Medical
10.4.5. E-reader
10.4.6. TV/Monitors
10.4.7. Defense & Aerospace
10.4.8. Automotive
10.4.9. Movie/Entertainment
10.4.10. Advertising & Public Display
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
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 Next-Generation Display Demand Share Forecast, 2019-2026
11. Middle East & Africa Next-Generation Display 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 Next-Generation Display 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 Next-Generation Display Market Size and Volume Forecast by Applications
11.4.1. Consumer Industrial
11.4.2. Electronics
11.4.3. Mobile Phones
11.4.4. Medical
11.4.5. E-reader
11.4.6. TV/Monitors
11.4.7. Defense & Aerospace
11.4.8. Automotive
11.4.9. Movie/Entertainment
11.4.10. Advertising & Public Display
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
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 Next-Generation Display Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Next-Generation Display Market: Market Share Analysis
12.2. Next-Generation Display Distributors and Customers
12.3. Next-Generation Display Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Add-Vision Inc.
12.4.2. Aja Video Systems
12.4.3. Apple Inc.
12.4.4. Canon Inc.,
12.4.5. Au Optronics Corp.
12.4.6. Dupont
12.4.7. Fogscreen Inc.
12.4.8. GELumination LLC
12.4.9. Irex Technologies Bv
12.4.10. LG Display
12.4.11. Mechdyne Systems Inc.&