Electronic Display Market - Global Industry Analysis

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). and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022-2028

Published Date: 11-May-2022 Category: Technology & Media Report Format : PDF Pages: 210 Report Code: ZMR-2695 Status : Published

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 Analyses Shares, Trends, and Growth Forecast till 2028

Description

Industry Prospective:

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.

Electronic Display Market: Overview

The market is being driven by the increasing use of OLED displays in various applications, the increasing use of LED displays for video walls, TVs, and digital signage applications, the growing demand for interactive displays in various applications, and the rising demand for display-based medical equipment, including ventilators and respirators, as a result of the COVID-19 pandemic. In addition, the growing need for on-the-go information, an increase in the number of electronic readers, and the development of simple-to-use display devices are all boosting demand in the electronic display market.  Due to the low cost of 3G and 4G communications technology, as well as the availability of Wi-Fi in both private and public settings, video streaming has grown in popularity, resulting in new business prospects. The introduction of technologically advanced consumer electronics goods like smartphones, smart tablets, and smart television sets is expected to propel the electronic display industry forward. Moreover, increased digitization in developed countries would generate additional business opportunities for the electronic display industry during the projection period.

Covid-19 Impact

The COVID-19 epidemic had a positive as well as negative impact on the electronics display industries. Businesses and manufacturing facilities in several nations have been shuttered due to a rise in the number of COVID-19 cases, and are expected to remain closed until 2021. Furthermore, partial or total lockdown interrupted global supply systems, making it difficult for manufacturers to contact their customers. The COVID-19 epidemic had an influence on the electronics sector because the production facility was shut down, resulting in a drop in the production of electronics and semiconductor products in industries. Its significant consequences include large-scale industrial disruptions across Europe and disruptions in Chinese parts exports, both of which are projected to limit the opportunity in the e- display market.

However, as a result of the COVID-19 epidemic, demand for smartphones and computers has surged due to work-from-home policies. The financial and educational sectors are also embracing digital teaching methods. These factors are contributing to a growth in the demand for small- and large-scale commercial and business displays.

Global Electronic Display Market

Electronic Display Market: Driver

LED displays are increasingly being used for video walls, TVs, and digital signage applications.

LED displays are a popular sort of display technology for a variety of applications. When compared to other technologies, it has a bigger market share. The LED display business has grown in recent years. One of the most recent breakthroughs in LED displays is the shrinking of the components required to construct an LED screen. LED screens have grown ultra-thin and large due to miniaturization, allowing them to be placed on any surface, inside or outside. LED applications have grown, owing largely to technological developments such as improved resolution, increased brightness capabilities, product diversity, and the creation of toughened surface LEDs and tiny LEDs. LED displays are also commonly used in digital signage applications such as advertising and digital billboards, which help firms stand out from the crowd.

Electronic Display Market: Restraint

Decline in retail display demand as a result of a significant move toward online advertising and shopping

Now, digital advertising is more intelligent, tailored, and relevant than ever before. Consumers are spending more time online than ever before, and digital advertising is an excellent method to reach them across several devices and channels. As a result, online advertising has grown in popularity in recent years. Furthermore, the ubiquitous availability of the internet has resulted in explosive growth in digital advertising. Increased investment on online advertising by large firms such as Facebook and Google is also a major factor driving the increased use of online advertising. Programmatic advertising is gaining traction as well. As a result, the demand for displays, which were previously used to advertise items and brands in shops and commercial establishments, has declined dramatically.

Electronic Display Market: Opportunity

Foldable and flexible displays are becoming more popular.

In recent years, foldable displays have grown popular in tablets, smartphones, and notebook computers. Due to the flexible substrates used to create them, flexible display panels are bendable. Flexible display technology, centered on OLED panels, underpins foldable phones. Flexible OLED display panels for smartphones, television sets, and smartwatches are being mass-produced by companies such as Samsung and LG.

Electronic Display Market: Challenge

COVID-19 creates a stumbling block in the supply chain and production operations.

Many countries have adopted or continue to enforce lockdowns in order to halt the spread of COVID-19. The supply chain of several markets, including the display market, has been affected as a result. Display makers are facing difficulty in manufacturing and supplying their products as a result of supply chain issues. Due to COVID-19, China is the worst-affected country in terms of display manufacturing. Due to a manpower scarcity, a lack of logistics support, and quarantine processes, the company's overall display production has decreased.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Electronic Display Market: Segmentation

The Electronic Display Market is segregated based on Technology, Application, and End-Use.

By Technology, the market is classified into LCD, LED, OLED, and Others. LCD displays have dominated the market in recent years. Due to the expanding applications in consumer electronics products such as TVs and personal computers, the category dominated the overall industry revenue share. Advanced LED and OLED display technologies, on the other hand, are gaining popularity because of their great operating stability and applicability for a wide range of applications. These electronic technologies are commonly employed in digital signage applications as well as smart devices like phones, tablets, and wearables. To differentiate their product offers from rigid LCD and AMOLED displays used in various device applications, manufacturers are progressively migrating from rigid OLED displays to flexible AMOLED displays.

By Application, the market is classified into Consumer Electronics, Digital Signage, Automotive Display, and Others. The consumer electronics application category accounted for more than half of total revenue and is expected to expand steadily over the projection period. The industry is likely to benefit from the widespread adoption of digital signage across various end-use segments. Key advances such as sophisticated digital signage 2.0, which shows data by moving infographics, are widely utilized in the retailing industry, resulting in the enrichment of the business plan and brand through outstanding aesthetics.

Recent Developments

  • In 2021, Pervasive Displays expanded its product offering with robust EPDs to address increasing application opportunities. The company received recognition for the creation and deployment of electronic paper displays (EPDs), as well as the debut of the new Armor product, which expanded the spectrum of potential use cases.
  • In 2020, The first Onyx screen in Australia was unveiled by Samsung at the HOYTS Entertainment Quarter in Moore Park, Sydney. Samsung's latest 14-meter Onyx Cinema LED screen is featured in the next installment.

Regional Landscape

APAC is predicted to have the greatest share throughout the projection period. Other factors contributing to the region's market growth include an increase in the number of display panel production plants and the rapid adoption of OLED displays. APAC has a low labor cost, which lowers the overall manufacturing costs of display panels. This has enticed a number of corporations to locate new OLED and LCD panel manufacturing units in this region. Consumer electronics, retail, BFSI, healthcare, transportation, and sports and entertainment industries are likely to significantly contribute to the growth of the APAC display market. Furthermore, an increased display device used in many industries, particularly in countries such as China, India, and South Korea, is a key factor supporting the market.

North America is expected to be the most lucrative regional market, with growth anticipated throughout the forecast period. As people's disposable incomes rise and their lives improve, demand for advanced display-based applications is expected to climb gradually. 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.

Competitive Landscape

Some of the main competitors dominating the Electronic Display Market include - ActiveLight Inc.; AU Optronics; Casio Computers Co. Ltd.; LG Electronics; Toshiba Corporation; Sony Corporation; Zenith Electronics Corporation.

The Electronic Display Market is segmented as follows:

By Technology

  • LCD
  • LED
  • OLED
  • Others

By Application

  • Consumer Electronics
  • Digital Signage
  • Automotive Display
  • Others

By End-Use Outlook

  • Retail
  • Entertainment
  • Corporate
  • Healthcare
  • Government

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electronic Display Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Electronic Display Market : snapshot
  • Chapter 3. Global Electronic Display Market - Industry Analysis
    • 3.1 Electronic Display Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 LED displays are increasingly being used for video walls
      • 3.2.2 TVs
      • 3.2.3 and digital signage applications.
    • 3.3 Market Restraints
      • 3.3.1. Decline in retail display demand as a result of a significant move toward online advertising and shopping
    • 3.4 Market Opportunities
      • 3.4.1. Foldable and flexible displays are becoming more popular.
    • 3.5 Market Challenges
      • 3.5.1. COVID-19 creates a stumbling block in the supply chain and production operations.
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By End-Use Outlook
  • Chapter 4. Global Electronic Display Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electronic Display Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electronic Display Market - Technology Analysis
    • 5.1 Global Electronic Display Market overview: By Technology
      • 5.1.1 Global Electronic Display Market share, By Technology, 2021 and 2028
    • 5.2 LCD
      • 5.2.1 Global Electronic Display Market by LCD, 2022 - 2028 (USD Billion)
    • 5.3 LED
      • 5.3.1 Global Electronic Display Market by LED, 2022 - 2028 (USD Billion)
    • 5.4 OLED
      • 5.4.1 Global Electronic Display Market by OLED, 2022 - 2028 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Electronic Display Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Electronic Display Market - Application Analysis
    • 6.1 Global Electronic Display Market overview: By Application
      • 6.1.1 Global Electronic Display Market share, By Application, 2021 and 2028
    • 6.2 Consumer Electronics
      • 6.2.1 Global Electronic Display Market by Consumer Electronics, 2022 - 2028 (USD Billion)
    • 6.3 Digital Signage
      • 6.3.1 Global Electronic Display Market by Digital Signage, 2022 - 2028 (USD Billion)
    • 6.4 Automotive Display
      • 6.4.1 Global Electronic Display Market by Automotive Display, 2022 - 2028 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Electronic Display Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Electronic Display Market - End-Use Outlook Analysis
    • 7.1 Global Electronic Display Market overview: By End-Use Outlook
      • 7.1.1 Global Electronic Display Market share, By End-Use Outlook, 2021 and 2028
    • 7.2 Retail
      • 7.2.1 Global Electronic Display Market by Retail, 2022 - 2028 (USD Billion)
    • 7.3 Entertainment
      • 7.3.1 Global Electronic Display Market by Entertainment, 2022 - 2028 (USD Billion)
    • 7.4 Corporate
      • 7.4.1 Global Electronic Display Market by Corporate, 2022 - 2028 (USD Billion)
    • 7.5 Healthcare
      • 7.5.1 Global Electronic Display Market by Healthcare, 2022 - 2028 (USD Billion)
    • 7.6 Government
      • 7.6.1 Global Electronic Display Market by Government, 2022 - 2028 (USD Billion)
  • Chapter 8. Electronic Display Market - Regional Analysis
    • 8.1 Global Electronic Display Market Regional Overview
    • 8.2 Global Electronic Display Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Electronic Display Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Electronic Display Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Electronic Display Market, by Technology, 2022 - 2028
      • 8.4.1 North America Electronic Display Market, by Technology, 2022 - 2028 (USD Billion)
    • 8.5 North America Electronic Display Market, by Application, 2022 - 2028
      • 8.5.1 North America Electronic Display Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 North America Electronic Display Market, by End-Use Outlook, 2022 - 2028
      • 8.6.1 North America Electronic Display Market, by End-Use Outlook, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Electronic Display Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Electronic Display Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Electronic Display Market, by Technology, 2022 - 2028
      • 8.4.1 Europe Electronic Display Market, by Technology, 2022 - 2028 (USD Billion)
    • 8.5 Europe Electronic Display Market, by Application, 2022 - 2028
      • 8.5.1 Europe Electronic Display Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Europe Electronic Display Market, by End-Use Outlook, 2022 - 2028
      • 8.6.1 Europe Electronic Display Market, by End-Use Outlook, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Electronic Display Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Electronic Display Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Electronic Display Market, by Technology, 2022 - 2028
      • 8.4.1 Asia Pacific Electronic Display Market, by Technology, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Electronic Display Market, by Application, 2022 - 2028
      • 8.5.1 Asia Pacific Electronic Display Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Electronic Display Market, by End-Use Outlook, 2022 - 2028
      • 8.6.1 Asia Pacific Electronic Display Market, by End-Use Outlook, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Electronic Display Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Electronic Display Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Electronic Display Market, by Technology, 2022 - 2028
      • 8.4.1 Latin America Electronic Display Market, by Technology, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Electronic Display Market, by Application, 2022 - 2028
      • 8.5.1 Latin America Electronic Display Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Electronic Display Market, by End-Use Outlook, 2022 - 2028
      • 8.6.1 Latin America Electronic Display Market, by End-Use Outlook, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Electronic Display Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Electronic Display Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Electronic Display Market, by Technology, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Electronic Display Market, by Technology, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Electronic Display Market, by Application, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Electronic Display Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Electronic Display Market, by End-Use Outlook, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Electronic Display Market, by End-Use Outlook, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 ActiveLight Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 AU Optronics
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Casio Computers Co. Ltd.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 LG Electronics
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Toshiba Corporation
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Sony Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Zenith Electronics Corporation.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Electronic Display Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Electronic Display Market attractiveness, By Technology
  • 6. Global Electronic Display Market attractiveness, By Application
  • 7. Global Electronic Display Market attractiveness, By End-Use Outlook
  • 8. Global Electronic Display Market share by Technology, 2022 and 2028 (USD Billion)
  • 9. Global Electronic Display Market by LCD, 2022 - 2028 (USD Billion)
  • 10. Global Electronic Display Market by LED, 2022 - 2028 (USD Billion)
  • 11. Global Electronic Display Market by OLED, 2022 - 2028 (USD Billion)
  • 12. Global Electronic Display Market by Others, 2022 - 2028 (USD Billion)
  • 13. Global Electronic Display Market share by Application, 2022 and 2028 (USD Billion)
  • 14. Global Electronic Display Market by Consumer Electronics, 2022 - 2028 (USD Billion)
  • 15. Global Electronic Display Market by Digital Signage, 2022 - 2028 (USD Billion)
  • 16. Global Electronic Display Market by Automotive Display, 2022 - 2028 (USD Billion)
  • 17. Global Electronic Display Market by Others, 2022 - 2028 (USD Billion)
  • 18. Global Electronic Display Market share by End-Use Outlook, 2022 and 2028 (USD Billion)
  • 19. Global Electronic Display Market by Retail, 2022 - 2028 (USD Billion)
  • 20. Global Electronic Display Market by Entertainment, 2022 - 2028 (USD Billion)
  • 21. Global Electronic Display Market by Corporate, 2022 - 2028 (USD Billion)
  • 22. Global Electronic Display Market by Healthcare, 2022 - 2028 (USD Billion)
  • 23. Global Electronic Display Market by Government, 2022 - 2028 (USD Billion)
  • 24. Global Electronic Display Market share, by Region, 2022 and 2028
  • 25. North America Electronic Display Market, 2022 - 2028 (USD Billion)
  • 26. Europe Electronic Display Market, 2022 - 2028 (USD Billion)
  • 27. Asia Pacific Electronic Display Market, 2022 - 2028 (USD Billion)
  • 28. Latin America Electronic Display Market, 2022 - 2028 (USD Billion)
  • 29. The Middle-East and Africa Electronic Display Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Electronic Display Market: Snapshot
  • 2. Drivers of the Electronic Display Market: impact analysis
  • 3. North America Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 4. North America Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 5. North America Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 6. U.S. Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 7. U.S. Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 8. U.S. Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 9. Canada Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 10. Canada Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 11. Canada Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 12. Europe Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 13. Europe Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. Europe Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 15. Germany Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 16. Germany Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 17. Germany Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 18. France Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 19. France Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 20. France Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 21. U.K. Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 22. U.K. Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 23. U.K. Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 24. Italy Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 25. Italy Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 26. Italy Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 27. Spain Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 28. Spain Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 29. Spain Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 36. China Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 37. China Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 38. China Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 39. Japan Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 40. Japan Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 41. Japan Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 42. India Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 43. India Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 44. India Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 45. South Korea Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 46. South Korea Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 47. South Korea Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 54. Latin America Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 55. Latin America Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 56. Latin America Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 57. Brazil Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 58. Brazil Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 59. Brazil Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 60. Mexico Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 61. Mexico Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 62. Mexico Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 72. South Africa Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 73. South Africa Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 74. South Africa Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Electronic Display Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Electronic Display Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Electronic Display Market revenue, By End-Use Outlook, 2022 - 2028 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Electronic Display market. Zion Market Research has collected and analyzed key data belong to the global Electronic Display market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Electronic Display across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Electronic Display industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Electronic Display market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split into segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The electronic display acts as an output device which projects the data in visual form through electrical signal as an input. An advanced feature of the electronic display includes high definition resolution, brightness, good pixel pitch, energy efficiency, durability, and portability. Due to these advanced features, various corporate brands are adopting electronic displays to advertise their products.

Increasing adoption of energy efficient, attractive electronic displays with enhanced features in the corporate sector is expected to be the primary driver of the global electronic display market. High demand for OLED based devices, wearable devices, and flexible displays is further expected to fuel the growth of the electronic display market. Furthermore, growing adoption of high-speed internet owing to their affordability, and availability of WiFi in private as well as in commercial spaces for video streaming is also expected to increase the demand for electronic display globally. Also, the emergence of consumer electronics such as smartphones, laptops, and smart televisions is anticipated to fuel the growth of electronic display market across the globe within the forecast period. Moreover, development of high-resolution cutting-edge technology in electronic display architecture has also been propelling the growth of electronic display market. In terms of technological advancements, there is growing opportunity for manufacturers to explore in the field of developing unique designs, such as circular, curved, ultrathin, and flexible displays. However, adoption of such innovative technologies in product development involves high initial cost which results in an increase in device cost, and this is expected to be a major restraint for the growth of global electronic display market.

Global Electronic Display Market

Electronic display market is segmented on the basis of technology, application, vertical, and region. Technology segments of electronic display market include LCD, LED, OLED, and others. LED displays are better than LCD displays because they do not use fluorescent bulbs and produce a brighter image. Due to this factor LED technology has been witnessing more demand in the global electronic display market. On the basis of application, electronic display market is divided into digital signage and TV, smartphone and tablet, PC monitor and laptop automotive display, and others. Digital signage and TV is leading segment in application due to high growth and development in the entertainment industry. Vertical segmentation of electronic display market includes consumer electronics, retail, entertainment, healthcare, government, and others. Consumer electronics is the leading vertical segment owing to the high adoption of various electronic devices and gadgets around the globe. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil. Owing to innovation and technological advancements in China and Japan in consumer electronics industry, Asia Pacific region is expected to retain its top position in the global electronic display market.

Key players profiled in the global electronic display market include LG Electronics, ActiveLight Inc., AU Optronics, Cambridge Display Technology, Acer Inc., Zenith Electronics Corp., Sharp Corporation, Toshiba Corp., Sony Corp., Casio Computer Co. Ltd., and others.

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FrequentlyAsked Questions

The market is being driven by the increasing use of OLED displays in various applications, the increasing use of LED displays for video walls, TVs, and digital signage applications, the growing demand for interactive displays in various applications, and the rising demand for display-based medical equipment, including ventilators and respirators, as a result of the COVID-19 pandemic.

According to the Market Research report, the Electronic Display Market was worth about 551.8 (USD billion) in 2021 and is predicted to grow to around 1,026.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 10.9 percent.

During the forecast period, APAC is expected to have the highest CAGR. Other factors contributing to the region's market growth include an increase in the number of display panel production plants and the rapid adoption of OLED displays. APAC has a low labor cost, which lowers the overall manufacturing costs of display panels. This has enticed a number of corporations to locate new OLED and LCD panel manufacturing units in this region.

Some of the main competitors dominating the Electronic Display Market include - ActiveLight Inc.; AU Optronics; Casio Computers Co. Ltd.; LG Electronics; Toshiba Corporation; Sony Corporation; Zenith Electronics Corporation.

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