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On the other hand, Asia Pacific is anticipated to grow at the fastest pace at a CAGR of 9.90% and reach $xx billion by 2027
LONDON, Nov. 27, 2018 /PRNewswire/ -- KEY FINDINGS
The global display market is growing at a CAGR of 5.92% throughout the forecast period. The base year considered for the analysis of the market is 2018 and the forecasting years 209-2027. Globally in terms of revenue, the market is expected to reach around xx billion by 2027 from xx billion in 2018. The development of technology in the consumer electronics segment is majorly propelling the display market demand across the globe.
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MARKET INSIGHTS
Display consists of screens that project information such as videos, images, and texts.The display screens use various technologies to offer advantages such as enhanced visualizations in different industry verticals such as electronics, consumer retail, transportation, sports & entertainment, and others.
Factors such as the growing trend of touch-based devices and augmenting requirement for OLED- based devices has fuelled the growth of the display market. However, transparent display technologies and the high cost of the quantum dot is majorly hindering the growth of the market globally.
REGIONAL INSGHTS
Region wise, the global display market consists of regions such as North America, Asia Pacific, Europe and rest of world.North America dominates the global market by holding the highest share in 2018, followed by Europe and the Asia Pacific respectively.
On the other hand, Asia Pacific is anticipated to grow at the fastest pace at a CAGR of 9.90% and reach $xx billion by 2027.
COMPETITIVE INSIGHTS
The key companies in the global display market include Au Optronics Corp., Corning Incorporated., E Ink Holdings Inc., Hannstar Display Corporation, Japan Display Inc., Kent Display Inc., LG Display, NEC Display Solutions, Ltd., Samsung Electronics Co. Ltd. and Sony Corporation.
Companies mentioned
1. AU OPTRONICS CORP.
2. CORNING INCORPORATED.
3. E INK HOLDINGS INC.
4. HANNSTAR DISPLAY CORPORATION
5. JAPAN DISPLAY INC.
6. KENT DISPLAY INC.
7. LG DISPLAY
8. NEC DISPLAY SOLUTIONS, LTD.
9. SAMSUNG ELECTRONICS CO. LTD.
10. SONY CORPORATION
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