Press release
COVID-19 Impact on Display Panel Market
Post-COVID-19, the global display panel market is projected to grow from USD 107.0 billion in 2020 to reach USD 152.0 billion by 2025, at a CAGR of 7.3%. The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.Factors that drive the growth of the post-COVID-19 display panel market include growing acceptance of the work-from-home norm, rising focus of regional financial institutions to design fiscal policies for keeping the display market floating during the COVID-19 crisis, shifting manufacturing units to less affected regions, increasing demand for 4K and 8K displays with the availability of UHD content, surging adoption of OLED displays in smartphones and rising demand for flexible display panels, and increasing investments for the construction of new OLED and LCD panel manufacturing facilities. The booming automotive display industry and increasing focus on the development of energy-efficient, attractive, and high-end-specification display products using advanced technologies such as OLED and AMOLED.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203916699
PC monitors and tablets are emerging products amidst pandemic crisis in display panel market, by segment, during forecast period
The display panel industry for PC monitors and tablets is expected to grow at a high CAGR from 2020 to 2025. An increase in working from home and online activities meant a rise in demand for products such as monitors, laptops, and tablets. Also, several educational institutions have embraced e-learning as a way to bridge the gap between tutors and students/pupils while complying with the lockdown being enforced in most of the countries. Thus, the demand for display panels for laptops and tablets is high, which is boosting the revenue stream of display manufacturers. However, its growth is expected to be above the growth estimated during pre-COVID-19.
Healthcare is exhibited to have positive growth in display panel market, by end-user industry, during forecast period
The healthcare industry utilizes different types of display products, such as embedded display devices, in medical equipment for imaging, radiation therapy, and angiography. This industry also demands large-format displays and AR/VR HMDs. Large-format displays are used in the healthcare industry for displaying advertisements, appointments, and other medical information. This will increase the demand for medical displays and large screens.
In the healthcare industry, AR/VR devices play an essential role in enabling doctors to train assistants in surgery. Additionally, medical students can use AR/VR headsets to receive personalized training; students can use AR headsets to practice medical procedures. This allows students to study and practice even from home. Thus, it would increase the demand for AR/VR devices, which would enable display manufacturers to encash this opportunity. Because of this, in the post-COVID-19 scenario, the demand for display panels is likely to be high in 2020 in comparison with 2019.
Consumer industryis expected to be revived earlier than any other sectors in display panel market due to increase in shipments of smartphones by end of 2020
Smartphones and televisions are crucial devices that extensively use LCD panels and OLED display panels. Smartphones, TVs, and smart wearables (especially smartwatches and VR HMDs) would be the major product categories accelerating the growth of the consumer market before COVID. The rise in the need for remote and flexible working in businesses across the world is also one of the contributing factors leading to an increase in demand for laptops and supporting accessories. In the short term, with the outbreak of COVID-19, the market for 5G smartphones is likely to witness a sharp decline. However, companies such as Huawei are planning to launch 5G technology-based products, specifically affordable 5G phones, which is expected to boost the demand for displays in smartphones in the future.
https://www.marketsandmarkets.com/Market-Reports/covid-19-impact-on-display-panel-market-203916699.html
Education industryis expected to be least impacted after healthcare industry in display panel market
Remote working and online education applications create a strong demand for laptops in COVID-19 during office and school shutdown, whereas the demand for AR/VR devices is likely to fall. The deployment of online collaborative learning models will positively impact the market for laptops and tablets in the coming 3 to 4 months. In higher education, many universities and colleges are replacing traditional exams with online assessment tools. This would increase the demand for display panels, increasing the revenue of display manufacturers.
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release COVID-19 Impact on Display Panel Market here
News-ID: 2066223 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for COVID
COVID-19 Diagnostics Market Analysis and Forecast to 2033: COVID-19 and Post-COV …
The COVID-19 diagnostics market is projected to reach a size of US$ 79.41 billion in 2023, with a robust compound annual growth rate (CAGR) of 7.87% from 2023 to 2033. This growth is primarily driven by technological advancements in diagnostic tools and methodologies, enabling faster and more accurate detection of the virus. However, the market faces several challenges, including the perception of high costs, along with concerns regarding test accuracy…
COVID-19 Molecular Diagnostics Market Insights by 2027 & Covid-19 Analysis | BD, …
This detailed assessment COVID-19 Molecular Diagnostics market report highlights data about various aspects, which includes growth factors and restraints. Crucial information about market scenario provided in this market report greatly helps key stakeholder in making right decision before making an investment in the market. This report further provides an overview on well-known industries, their market contribution, successful market strategies and latest advancements in present contexts. It also covers market analysis…
Europe COVID-19 Diagnostic Market Size | COVID-19 Impact Analysis | Forecast to …
Europe COVID-19 Diagnostic market is estimated to reach $2.6 billion in 2027, by growing at a CAGR of -22.9 % during the forecast period (2021-2027). Several projects for the development of COVID-19, diagnosis, and treatment were reported over the last few months. Additionally, on 22 July 2020, the European Commission declared nearly $117.8 million to co-fund a call for supporting R&D of coronavirus vaccines, and to develop diagnostic tests, treatments,…
Anti-Covid nasal spray Market (Covid-19 Impact)| Game Changer For Globe | SaNOti …
Global Anti-Covid nasal spray Market Size, Status and Forecast 2026
Israel and New Zealand have given interim approval for the sale of biotech firm SaNOtize Research and Development’s Nitric Oxide Nasal Spray (NONS) which could help prevent transmission of the COVID-19 virus, the company said on Monday. (Reuters)
A self-administered nitric oxide nasal spray (NONS) made by Vancouver-based biotech firm SaNOtize has been found to dramatically reduce Covid-19 viral load in infected…
COVID-19 Imparts Positive Impact on Covid-19 Treatment Market | 2020-2027
The Covid-19 treatment market is projected to grow due to increasing cases worldwide requiring short- and long-term respiratory support and multiple partnerships for the development of treatments with clinical trials underway. However, governments all over the world are now responding to the threat of COVID-19 with all the essential measures such as social distancing, nationwide lockdown, travel restrictions, and large-scale quarantines that are anticipated to impact the businesses and consumer…
Industrial AI Computers Market 2020 - Pre-COVID-19 and Post-COVID-19 Comparison
Industrial AI Computers Industry 2020 Market Research Report" A new report added by DeepResearchReports.com to its research database. Industrial AI Computers Market is segmented by Regions/Countries. All the key market aspects that influence the Industrial AI Computers market currently and will have an impact on it have been assessed and propounded in the Industrial AI Computers market research status and development trends reviewed in the new report.
Download Free PDF Sample…