Global Display Device Market Report and Forecast 2022-2027

Global Display Device Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Research’s latest report, ‘Global Display Device Market Report and Forecast 2022-2027’, the global display device market attained a value of USD 131.78 billion in 2021. Aided by the growing use of consumer electronic products, the market is projected to further grow at a CAGR of 5.2% between 2022 and 2027.

A display device is an output device or screen that presents information in a visual form, such as images, videos, or texts. The display devices use technologies like LCD, LED, OLED, and others. They are used in multiple applications, which include television, smartphones, projectors, smartwatches, video walls, and medical monitors, among others. The characteristics of a display device are size, resolution, bandwidth, refresh rate, and dot pitch. The flat panel, flexible panel, and transparent panel are the major types of display devices. Among these, flat panel displays are widely used for several advantages like thin, lightweight, better linearity, and higher resolution. Electronic display devices, that is, display devices with electric signals, are widely used in various sectors like residential, retail shops, transport systems, entertainment, and enterprises.

The increasing demand for electronic goods, including television, smartphones, laptops, tablets, as well as smartwatches, due to improved living standards is driving the growth of the display devices market. The COVID-19 pandemic has further accelerated the demand for display devices due to their increased adoption in remote learning and working solutions. The wide adoption of flexible displays in smartphones, the rapid development of automobiles, and the increasing need for diagnostic devices in the healthcare sector are further contributing to the market expansion. The rising inclination of millennials towards gaming and entertainment is leading to the increased utilisation of high-quality display devices. Over the forecast period, the key market players are expected to launch new products to meet the evolving customer expectations. Moreover, the government initiatives towards boosting the production of consumer electronics, emergence of e-commerce platforms to buy these products, and the growing technological advancements in display technology such as OLED and e-paper are expected to further augment the market in the coming years.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentations such as display type, technology, application, end use, and major region.

Market Breakup by Display Type

• Flat Panel
• Flexible Panel
• Transparent Panel

Market Segmentation by Technology

• LCD
• LED
• OLED
• E-Paper
• Others

Market Breakup by Application

• Television
• Smartphones and Tablets
• Smart Wearable
• PC and Laptop
• Automotive
• Digital Signage
• Others

Market Segmentation by End Use

• Residential
• Large Enterprises
• Small Medium Enterprises

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:

• TCL Electronics Holdings Limited
• LG Electronics Inc.
• Sharp Corporation
• Toshiba Corporation
• Samsung Electronics Co., Ltd.
• Japan Display Inc.
• Others

*We, at Expert Market Research, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.