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Global Display Market - Expected to Reach $169 Billion by 2022 - Research and Markets

[December 28, 2017]

Global Display Market - Expected to Reach $169 Billion by 2022 - Research and Markets

The "Display Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The display market was valued at USD 106.41 Billion in 2015 and is expected to reach USD 169.17 Billion by 2022, at a CAGR of 7.5% between 2016 and 2022.

Growing demand for flexible displays in smartphones, smart wearables, e-readers, and other applications is the main driver of the market. It is also driven by factors such as rising demand for OLED-based devices and development of energy-efficient, attractive designs, and high specification display products. Devices based on new technologies such as OLED and Quantum (News - Alert) dot LED are expected to penetrate into other sectors such as smart home appliances, automotive, and others in the near future.

The report covers the market in terms of technology, display type, vertical, application, and geography. Consumer electronics led the display market in terms of market share in 2015, with the trend likely to continue till 2022. The high acceptance rate of newer technologies in consumer electronics (such as smartphone, tablet, TV, PC monitor, laptop, and smart wearables), which are always in high demand, is the main reason for its largest market share in the market. Education and hospitality are expected to grow at the highest rate in the display market during the forecast period, as technologies such as OLED, e-paper, and LED-backlit LCD have a wide range of applications for these verticals.

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