Display Market - Product Innovation to be Key Focus of Vendors

Global Display Market: Overview

Over the past few years, the global display market has exhibited phenomenal growth and is expected to follow an exponential growth track in the forthcoming years. The growing demand for 3D display panels is providing a significant boost to the growth of the market. The penetration of 3D technology is on the rise across various industries such as gaming and entertainment. Currently, displays are available in numerous technologies including LCD, OLED, e-Paper, LED, DLP, Lcos, and Plasma.

The report offers essential insights into the historical data and current market scenario to estimate future trends of the global display market. It also presents a detailed evaluation of the market’s growth at both global and regional levels in terms of revenue as well as volume. The report profiles the key players in the market along with their latest developments, market shares, cost and revenue structures, and business strategies.

Global Display Market: Drivers and Restraints

The global display market is largely driven by the proliferation of consumer electronics. Displays are an indispensable part of consumer electronics devices such as mobile handsets, television sets, tablets, and PCs. The sweeping shift from conventional displays to flexible and high quality displays positively influencing the growth of the market. In addition, rapid technological advancements are translating into the greater uptake of high-quality displays. Moreover, the declining prices of displays are increasing their scope of applications, which in turn is providing a fillip to the growth of the market. The robust growth of the gaming and entertainment industry is another factor driving the demand for displays.

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On the other hand, the high prices of advanced displays such as AMOLED are hampering the growth of the market. Moreover, the manufacturing challenges related to the large-scale production of flexible displays is adversely affecting the growth of the global display market. However, the penetration of flexible displays in multiple applications is creating ample growth opportunities for the market.

Global Display Market: Region-wise Outlook

The regions analyzed in the research report are North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific will progress at a tremendous CAGR during the forecast period. The presence of a large number of consumer electronics manufacturers is making the region a site of high growth. In addition, the increasing number of manufacturing facilities due to the low manufacturing costs coupled with less stringency in government regulations is augmenting the growth of the region. North America and Europe will be prominent markets for display throughout the same period. The high disposable incomes and improved living standards are contributing to the growth of these regions. The rapid technological advancements in these regions are also supplementing the growth of the region.

Global Display Market: Competitive Landscape

The majority of players in the global display market are spending considerable amounts on the development and advancement of digital signage to stay ahead. The increasing trend of vertical integration among vendors is leading to the agile production line and faster development of displays. Players are adopting strategies such as technological innovation and product differentiation by stepping up budgets for research and development activities in order to strengthen their position in the market.

Some of the prominent players in the global display market are AU Optronics, Universal Display Corporation, Kent Displays Inc., Cambridge Display Technology Ltd., NEC Display Solutions, Corning Incorporated, Panasonic Corporation, LG Display Co. Ltd., Sharp Corporation, Atmel Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Fujitsu Limited, Hewlett-Packard Company, Epson, Samsung, Sony Corporation, GE, and Dupont Display.

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