According to a report compiled by Persistence Market Research (PMR), the global display devices market is expected to witness robust growth through 2026. The market is expected to register a CAGR of 8.3% through 2026. It is also estimated to reach US$360,275.6 million. revenue by the end of 2026.
Demand for electronic products such as PCs, laptops, and smartphones is increasing, which is expected to play an important role in the growth of the global display device market. Display device manufacturers are also focusing on increasing their influence in the global market through strategic partnerships.
The development of smart and application specific devices is also driving the demand for display devices worldwide. Consumers are also demanding devices with high-resolution technology, so manufacturers are focusing on increasing the resolution of their displays.
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Growing interest in advanced display technologies
Companies are focusing their advanced display technologies on various devices such as smartphones, tablets, TVs, and smart watches, and manufacturers are shifting their focus to providing flat panel displays. Other flat panel display technologies that are gaining momentum in the market alongside Liquid Crystal Display (LCD) technology include Plasma Display Panels (PDPs), Organic Light Emitting Diodes (OLEDs), Field Emission Displays (FEDs), and electronic paper. In addition, there is a clear trend towards high-resolution displays in all segments of the display device market.
Virtual reality (VR) also includes display technologies that provide better vision in real time. Manufacturers are looking forward to including OLED displays in virtual reality. The curved and paper-thin OLED display is said to offer a whole new experience when playing games or watching movies. These technologies are also combined with 3D to enhance the experience. Manufacturers are hoping to provide a whole new experience with glass-free 3D displays that don’t require 3D glasses.
Global Display Devices Market: Segment Insights
The global display device market is made up of different segments such as applications, display types, and end users. According to the type of display, the market segment is composed of LED, LCD, AMOLED, OLED, etc., and it is composed of electronic paper and laser TV. Among them, LED display is expected to show solid growth. By the end of 2026, LED displays are estimated to exceed US$148.2 million in sales.
Based on application, market segments include mobile phones, TVs, tablets, monitors, automobiles, mobile PCs, and more. TVs are expected to be the largest revenue segment in the global display devices market. It is expected to account for more than two-fifths of revenue share by the end of 2017.
Market segmentation by end-user includes large enterprises, small businesses, and residential. Among these, residential is expected to be the largest end user for display devices. By the end of 2026, housing as an end-user is likely to create incremental opportunities in excess of US$89,100 million between 2017 and 2026.
Geographically, Asia Pacific Excluding Japan (APEJ) is expected to be the largest region in the global display devices market during the forecast period 2017-2026. It is estimated to explain a strong CAGR between 2017 and 2026.
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Global Display Device Market: Competitive Landscape
The report offers an in-depth analysis of key market players in the global Display Devices market: Samsung, LG, Apple, Panasonic, Toshiba, Sony, Hiesense, TCL Corporation, Skyworth, and Sharp. Most major companies plan to develop large-scale production facilities by introducing new technologies.
Global Display Device Market: Segmentation
Region
North America
Latin America
Europe
Japan
APEJ
MEA
Display Type
LCD
LED
OLED
AMOLED
Others (e-paper, laser TV, etc.)
Application
TV
Mobile Phone
Monitor
Tablet
Mobile PC
Car
Other
End User
Residential
Large Enterprise
Small Business
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