Electronic Display Devices

Electronic Display Devices

Global Electronic Display Devices Market to Reach US$196.6 Billion by 2030

The global market for Electronic Display Devices estimated at US$140.7 Billion in the year 2023, is expected to reach US$196.6 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. LCD Technology, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$78.6 Billion by the end of the analysis period. Growth in the LED Technology segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$38.0 Billion While China is Forecast to Grow at 8.1% CAGR

The Electronic Display Devices market in the U.S. is estimated at US$38.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.0 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 4.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Electronic Display Devices Market - Key Trends and Drivers Summarized

The growth of the electronic display devices market is primarily driven by advancements in display technologies. The advent of OLED, AMOLED, and micro-LED technologies has significantly enhanced the visual experience by offering superior color accuracy, brightness, and energy efficiency compared to traditional LCDs. These technologies are increasingly being adopted in a wide range of applications, from smartphones and televisions to automotive displays and wearable devices. The continuous innovation in display technology, including the development of foldable and rollable screens, is expected to create new opportunities and drive market growth further.

Another major growth driver is the rising demand for high-definition and ultra-high-definition content. As consumers seek more immersive viewing experiences, there is a growing preference for devices that support 4K, 8K, and higher resolutions. This trend is evident in the increasing sales of high-end televisions, gaming monitors, and professional display solutions. Additionally, the proliferation of streaming services, online gaming, and digital signage in retail and public spaces is fueling the demand for advanced display devices. The shift towards smart homes and the integration of smart displays in various IoT applications are also contributing to the market expansion.

The display technology landscape is witnessing significant changes driven by consumer demand for superior visual experiences. Flexible displays, immersive technologies, and digital signage are among the leading trends shaping this dynamic market. The global surge in remote work and virtual communication has significantly impacted the electronic display devices market. The COVID-19 pandemic accelerated the adoption of remote working tools, leading to increased demand for monitors, laptops, and tablets. Video conferencing, online collaboration, and e-learning platforms have become integral to both professional and personal communication, driving the need for high-quality displays. Furthermore, the automotive sector`s shift towards digital dashboards and infotainment systems, coupled with the growing popularity of augmented reality (AR) and virtual reality (VR) applications, is expected to sustain the growth in the coming years.

Select Competitors (Total 57 Featured) -

• Acer America Corporation
• AU Optronics Corporation
• Cambridge Display Technology Ltd.
• Casio Computer Co., Ltd.
• LG Display Co., Ltd.
• LG Electronics, Inc.
• Sharp Corporation
• Sony Corporation
• Toshiba Corporation

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