11-May-2022 | Zion Market Research
The Electronic Display Market was worth around USD 551.8 billion in 2021 and is estimated to grow to about USD 1,026.5 billion by 2028, with a compound annual growth rate (CAGR) of approximately 10.9 percent over the forecast period. The report analyzes the Electronic Display Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Electronic Display Market.
When an electrical signal is delivered as a visual 'input,' an electronic display is essentially a 'output' medium that projects data. It is currently found in practically every industry, including industrial equipment, cell phones, computers, televisions, appliances, and a variety of other electronic displays. Over the forecast period, the market is likely to be driven by an increase in demand for electronic displays in a variety of applications such as consumer electronics, digital signage, and automation. In addition, the growing demand for high-resolution display panels is expected to drive growth in mobile devices such as smartphones and tablets. Due to their affordability, the increasing use of 3G and 4G communication technologies, as well as the availability of Wi-Fi in private and commercial places, has positively affected the popularity of video streaming, opening up new opportunities for market expansion. The increasing purchasing power in all segments of society has created more opportunities for industry expansion. LED and OLED displays have achieved considerable market penetration in recent years, and similar trends are projected to continue during the forecast period. The thriving mobile commerce and gaming businesses have resulted in an increase in demand for high-resolution smartphones and tablets. Moreover, technological advances, the expansion of the consumer electronics industry, and an increase in applications across various end-use segments are likely to boost the global market growth. However, the implementation of such novel technology entails substantial initial expenses, which raises the cost of the gadget and may stymie market growth in the coming years.
The Electronic Display Market is segregated based on Technology, Application, and End-Use. Based on Technology, the global market is distinguished into LCD, LED, OLED, and Others. Based on Application, the global market is distinguished into Consumer Electronics, Digital Signage, Automotive Display, and Others. Based on End-Use, the global market is distinguished into Retail, Entertainment, Corporate, Healthcare, and Government.
The Asia Pacific regional market is expected to dominate the worldwide electronic displays sector, during the forecast period. Lower manufacturing costs in the region, along with less severe government requirements, have attracted major technology companies to establish manufacturing facilities in the region, driving regional industry growth. Due to low labor costs and higher manufacturing capacities, major manufacturers in the industry are headquartered in Asia Pacific countries such as Taiwan and China. This has resulted in greater use of electronic displays in the region. North America is predicted to be the most prosperous regional market, with growth expected throughout the projection period. People's increased disposable budgets and improved lifestyles are likely to drive a consistent demand for such advanced display-based applications. Another aspect that will drive adoption in the region is an increase in smartphone shipments to the region. This will drive growth in the United States in the next years, and the value will only rise as technology advances.
Key players functioning in the Electronic Display Market include ActiveLight Inc.; AU Optronics; Casio Computers Co. Ltd.; LG Electronics; Toshiba Corporation; Sony Corporation; Zenith Electronics Corporation.
Browse the full “Electronic Display Market By Technology (LCD, LED, OLED, and Others). By Application (Consumer Electronics, Digital Signage, Automotive Display, and Others). By End-Use (Retail, Entertainment, Corporate, Healthcare, and Government).” Report at https://www.zionmarketresearch.com/report/electronic-display-market
The Electronic Display Market is segmented as follows:
By End-Use Outlook
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