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Display Devices Market Is Forecasted To Reach US$ 230.52 Billion By 2034

02-29-2024 07:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Display Devices Market Is Forecasted To Reach US$ 230.52 Billion

The global market for display devices is expected to witness significant growth, with projections indicating an increase from US$ 153.12 billion in 2024 to a value of US$ 230.52 billion by 2034. This growth trajectory is anticipated to be driven by a compound annual growth rate (CAGR) of 4.2% between 2024 and 2034.

Display panels incorporate various technologies, including organic light-emitting diodes (OLEDs), liquid crystal displays (LCDs), light-emitting diodes (LEDs), among others. Ongoing technological advancements have resulted in enhanced visual experiences across multiple industry verticals, encompassing consumer electronics, retail, sports and entertainment, and transportation sectors. The utilization of 3D displays is particularly prevalent in entertainment and consumer electronics realms, while flexible display technologies are increasingly gaining traction.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9800

One notable advancement in display technology is the emergence of quantum dot displays, which leverage quantum dots to enhance the color and brightness of LED-backlit screens, such as LCD TVs and monitors. Quantum dots, nanoscale semiconductor particles, emit specific colors when exposed to light, thereby contributing to heightened brightness, energy efficiency, and color precision.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ:

Technological Advancements: Continuous innovations in display technologies, such as OLED, QLED, MicroLED, and MiniLED, are enhancing the visual quality, energy efficiency, and flexibility of display devices. Advancements in materials science, manufacturing processes, and integration of AI are driving these innovations.

Increasing Demand for High-Quality Visual Experiences: Consumers and businesses alike are demanding high-resolution, immersive visual experiences across various applications, including entertainment, gaming, virtual reality (VR), augmented reality (AR), and professional applications like design, simulation, and medical imaging.

Rising Adoption of Smart Devices: The proliferation of smartphones, tablets, smartwatches, and other smart devices is fueling the demand for compact, high-resolution displays with touch and gesture recognition capabilities. Additionally, the integration of displays into IoT devices and smart home appliances is further driving market growth.

Growing Digital Signage Market: The increasing use of digital signage for advertising, information dissemination, wayfinding, and interactive experiences in retail, hospitality, transportation, healthcare, and other sectors is boosting the demand for large-format displays, video walls, and transparent displays.

Expanding Applications in Automotive Sector: The automotive industry is witnessing a surge in the adoption of display technologies for infotainment systems, instrument clusters, heads-up displays (HUDs), rear-seat entertainment, and advanced driver-assistance systems (ADAS), driven by the trend towards connected, autonomous, and electric vehicles.

Rising Demand for Flexible and Foldable Displays: Flexible and foldable display technologies offer new form factors and design possibilities for smartphones, tablets, wearables, and other portable devices. These displays provide durability, lightweight construction, and improved user experiences.

Growing Investments in Display Manufacturing: Major display manufacturers and technology companies are investing heavily in research and development to drive innovation, improve production efficiency, reduce costs, and expand production capacity to meet the increasing demand for display devices worldwide.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐

โ€ข Panasonic Corporation
โ€ข Sony Corporation
โ€ข Samsung Electronics Co. Ltd.
โ€ข Hannstar Display Corporation
โ€ข Innolux Corporation
โ€ข HISENSE ELECTRIC
โ€ข BenQ
โ€ข TCL
โ€ข Skyworth Electronics

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

The competitive landscape is undergoing constant changes through ongoing alliances, mergers, and acquisitions. Leading companies in the display device market are continuously innovating presenting display technologies, including micro-LEDs and foldable screens, and focusing on improving resolution and color accuracy.

โ€ข In February 2020, Samsung Electronics unveiled a brand-new 14-meter Onyx Cinema LED screen. The Onyx screen is situated in the HOYTS Entertainment Quarter at Moore Park in Sydney, Australia.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ƒ๐ข๐ฌ๐ฉ๐ฅ๐š๐ฒ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

โ€ข By Display Type :
o LCD
o LED
o OLED
o AMOLED

โ€ข By Application :
o TVs
o Mobile Phones
o Monitors
o Tablets
o Mobile PCs
o Automotive

โ€ข By End User :
o Residential
o Large Enterprises
o Small & Medium Enterprises

โ€ข By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/display-device-market

๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

Internet of Things (IoT) Market: https://www.factmr.com/report/internet-of-things-market

Device as a Service Market: https://www.factmr.com/report/1468/device-as-a-service-market

Enterprise Network Equipment Market: https://www.factmr.com/report/4273/enterprise-network-equipment-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
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