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Display Market to Reach $244 billion, Globally, by 2032 at 7.1% CAGR: Allied Market ResearchThe display market is driven by several factors, including high demand for flexible display technology in consumer electronics devices, a surge in adoption of LED displays for digital signage, TVs, and video wall applications, a rise in the trend of touch-based devices, demand for digitized promotion, growth in adoption of AR/VR devices and commercialization of autonomous vehicles. Additionally, micro-LED and mini-LED technology are expected to expand the display industry. WILMINGTON, Del., April 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Display Market by Display Type (Flat Panel Display, Flexible Panel Display and Transparent Panel Display), Technology (OLED, Quantum DOT, LED, LCD, E-Paper, and Others), Application (Smartphone and Tablet, Smart Wearable, Television and Digital Signage, PC and Laptop, Vehicle Display, and Others), and Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military and Defense, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the display market was valued at $124.1 billion in 2022, and is projected to reach $244 billion by 2032, growing at a CAGR of 7.06% from 2023 to 2032.  Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/828 (We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)
Prime Determinants of Growth The display market is anticipated to experience substantial expansion during the forecast period. This growth is primarily driven by factors such as high demand for flexible display technology in consumer electronics devices, a surge in the adoption of LED displays for digital signage, TVs, and video wall applications, a rise in the trend of touch-based devices, and demand for digitized promotion. Additionally, growth in the adoption of AR/VR devices and the commercialization of autonomous vehicles, along with micro-LED and mini-LED technology, are expected to further benefit the market. However, the high cost of transparent and quantum dot display technologies, and the drastic shift toward online advertisement and shopping, present significant restraints to the growth of displays in the retail sector during this period. Report Coverage & Details:
The flat panel display segment is anticipated to dominate in terms of revenue during the forecast period. Based on display type, the flat panel display segment accounted for over two-thirds of the total revenue in the global display market in 2022, and it is expected to continue its dominant position throughout the forecast period, due to its superior display resolution and energy efficiency. However, the flexible panel display segment is expected to experience the fastest CAGR of 8.9% from 2023 to 2032, primarily attributed to its versatility, lightweight nature, and increase in demand for bendable displays in various consumer electronics applications such as smartphones, wearables, and automotive displays. The LCD segment is projected to retain the lion's share by 2032. By technology, the LCD gas segment emerged as the display industry leader in the global display market in 2022, holding nearly three-fifths of the market share due to its widespread adoption, mature technology, cost-effectiveness, and versatility in various applications such as televisions, monitors, laptops, and signage displays. However, the OLED segment is projected to witness the fastest CAGR of 9.01% from 2023 to 2032. This dominance can be attributed to its superior display quality, including deeper blacks, higher contrast ratios, faster response times, and wider viewing angles compared to traditional LCD technology. Get Customized Reports with your Requirements: https://www.alliedmarketresearch.com/request-for-customization/828 The television and digital signage segment to rule the roost. By application, the television and digital signage segment held the major share in 2022, generating more than one-third of the global display market revenue, driven by an increase in demand for high-resolution displays for entertainment purposes, the adoption of digital signage for advertising and information display in various sectors such as retail, transportation, and hospitality. The vehicle display segment, on the other hand, is expected to portray the fastest CAGR of 9.82% from 2022 to 2032, owing to increase in the integration of advanced display systems in automobiles for infotainment, navigation, driver assistance, and safety features. The consumer electronics segment to dominate by 2032. By industry vertical, the consumer electronics segment captured the highest market share in 2022, accounting for more than one-fourth of the global display industry revenue. This is due to widespread demand for displays in smartphones, tablets, laptops, and other personal electronic devices. However, automotive is expected to grow at a faster rate in the coming years, with a CAGR of 10.1% from 2022 to 2032. This is because of the increase in integration of advanced display technologies in vehicles, driven by the demand for enhanced infotainment systems, navigation displays, driver assistance features, and digital instrument clusters to improve the driving experience and safety standards. Asia-Pacific garnered the major share in 2022. By region, Asia-Pacific dominated the display market revenue in 2022, accounting for more than one-third of the global market share. The same region is also projected to experience the fastest CAGR of 8.21% during the forecast period. This is primarily due to the rapid urbanization, increase in disposable income, and expanding consumer electronics industry in countries such as China, India, South Korea, and Japan, driving the demand for displays in smartphones, televisions, laptops, and other electronic devices in the region. Leading Market Players:
The report provides a detailed analysis of these key players in the global display market. These players have adopted product launch, acquisition, agreement, new product development, partnership, and collaboration strategies to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player. Key Industry Developments: In February 2024, Sony India introduced the EZ20L series, expanding its professional BRAVIA display lineup for corporate and retail applications. Ranging from 43 to 75 inches, the 4K series offered basic professional features, including simplified setup and maintenance, RS-232C support, and 16/7 operation. This addition catered to diverse business needs while maintaining Sony's quality standards. In January 2024, Sharp launched its latest AQUOS BOARD interactive display series, the PN-LA series, boasting premium collaboration features and enterprise-level security. These displays offer high-performance touch capabilities and advanced security safeguards, complying with Sharp's highest IT security standards. Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/828 Key Benefits For Stakeholders:
Procure Complete Report (426 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/Display-Market Display Market Key Segments: By Application
By Industry Vertical
By Display Type
By Technology
By Region:
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: Trending Reports in Semiconductor and Electronics Industry: Organic LED Market was valued at $32,463.5 million in 2019, and is projected to reach $203,069.9 million by 2027, registering a CAGR of 21.7% from 2020 to 2027 Smart Display Market was valued at $3.78 billion in 2020, and is projected to reach at $18.25 billion by 2028, growing at a CAGR of 21.6% from 2021 to 2028 Head-Up Display (Hud) Market was valued at $6.0 billion in 2019, and is projected to reach $19.1 billion by 2027, registering a CAGR of 20.1% from 2020 to 2027 Micro-LED Display Market size was valued at $56.00 million in 2020, and is projected to reach $23.4 billion by 2030, growing at a CAGR of 77.1% from 2021 to 2030 Narrow Pixel Pitch LED Displays Market was valued at $1.5 billion in 2021, and is projected to reach $7.1 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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