Global Electronic Display Marketwas valued $xx Bn in 2019 and is expected to reach $xx Bn by 2026, at a CAGR of xx% during the forecast period.
Global Electronic Display Market Introduction
An Electronic display is basically an 'output' medium that projects data when an electrical signal is supplied as an 'input' in the visual form. It is used in almost all industries such as industrial equipment, cell phones, computers, televisions, appliances, and various other electronic displays. Electronic displays have consistently but definitively edged out traditional displays such as counters, galvanometers, and paper displays.
Global Electronic Display Market Dynamics
LED displays are among the most used type of display technology for various applications. It holds a larger size of the market as compared to other technologies. In recent years, the LED display industry has matured, but not in terms of innovation. One of the recent advancements in LED displays is the miniaturization of the parts needed to build an LED screen. Miniaturization has enabled LED screens to become ultra-thin and grow to huge sizes, allowing screens to rest on any surface, inside or outside.
The intense penetration of mobile phones, tablets, and smartphones is fuelling growth in the consumer electronics industry, demanding more effective display technologies. E-ink technology is majorly used for most consumer electronics to provide low eye strain and enhanced battery life.
Global Electronic Display Market Segment Analysis
OLED segment, in the USA, Canada, Japan, China, and Europe will drive at a 6.5% CAGR. These regional markets accounting for a combined market size of US$15.3 Billion in the year 2020 will reach a projected size of US$XX Billion in the forecast period. China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$29.3 Billion by the year 2026, while Latin America will expand at an XX% CAGR.
Global Electronic Display Market
Global Electronic Display Market
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Global Electronic Display Market Regional Insights
Global Electronic Display Market1
APAC is expected to witness the highest CAGR during the forecast period. The growing number of display panel manufacturing plants and the speedy adoption of OLED displays are some other factors instrumental in the growth of the market in the region. The cost of labor is low in APAC, which reduces the overall manufacturing costs of display panels. This has attracted various companies to establish their new OLED and LCD panel manufacturing plants in this region. The consumer electronics, retail, BFSI, healthcare, transportation, and sports &entertainment industries are expected to contribute substantially to the growth of the display market in APAC.
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Global Electronic Display Market2
Global Electronic Display Market, by Region
• North America
• South America
• Asia Pacific
Global Electronic Display Market Key Players
• Acer Inc
• Samsung Electronics
• Active Light
• AU Optronics Corp.
• Cambridge Display Technology Ltd
• CASIO COMPUTER CO., LTD
• LG Electronics
• SHARP CORPORATION
• Sony Corporation
• Panasonic Corporation
• TOSHIBA CORPORATION
• Zenith Electronics, LLC
• NEC Corporation
• BOE Technology
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