Low Power Next Generation Display Market Size to Boost USD 246.90 Million By 2032 | CAGR 6.9% - Published by Emergen Research

The global low power next generation display market size was USD 127.89 Million in 2022 and is expected to register a steady revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Increasing applications in various industries, such as telecommunication, defense and solar power, and rising demand for better quality and energy-efficient displays are key factors driving market revenue growth.

Provision of superior quality and lower energy consumption is rising demand for low power next generation displays by various end-use sectors, especially advertising and retail. One of the major sectors is aerospace & defense, which has a high demand for such displays. Heads-Up Displays (HUDs), navigation systems and instrument panels in aircraft cockpits along with Unmanned Aerial Vehicles (UAVs) are increasing need for low power next generation displays. In addition, rapid Research & Development (R&D) initiatives by automotive manufacturers for the implementation of innovative displays in car systems is another factor driving revenue growth of the market.

This report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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Drivers of Market Growth :

Several factors are driving the growth of the Low Power Next Generation Display Market. Firstly, the rising popularity of portable electronic devices such as smartphones and tablets is fueling the demand for displays that consume less power while delivering vibrant visuals. Additionally, the growing trend towards eco-friendly and energy-efficient technologies is prompting manufacturers to invest in low-power display solutions to reduce carbon footprint and enhance sustainability. Furthermore, the increasing adoption of OLED (Organic Light Emitting Diode) and MicroLED (Microscale Light Emitting Diode) displays, known for their energy efficiency and superior performance, is driving market growth.

Growth Factors Driving Market Expansion

Several growth factors are contributing to the expansion of the Low Power Next Generation Display Market. Firstly, the increasing demand for energy-efficient displays in automotive applications, driven by the proliferation of electric vehicles and the integration of advanced infotainment systems, is creating new opportunities for market players. Moreover, the emergence of flexible and transparent display technologies is opening up avenues for innovative applications in wearable devices, smart appliances, and augmented reality (AR) solutions. Additionally, collaborations between display manufacturers and technology companies to develop novel materials and manufacturing processes are driving innovation and reducing production costs, further fueling market growth.

The report also discusses the key players involved in the market such as:

DuPont, Lonza, Samsung Display, Sekisui Chemical Co., Ltd., Japan Display Inc., Premier Farnell Limited, Futaba Corporation, ASUSTeK Computer Inc., Huawei Technologies Co., Ltd., and Canon Tokki Corporation.

The report provides a thorough estimation of the overall impact of the pandemic on the Low Power Next Generation Display Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Low Power Next Generation Display Market.

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Emergen Research has segmented the global low power next generation display market on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million; 2019-2032)
o Surface-conduction Electron-emitter Display (SED)
o Organic Light-Emitting Diode (OLED)
o Organic Light-Emitting Transistor (OLET)
o Laser Phosphor Display (LPD)
o Quantum Dot Display (QD-LED)
o Field Emission Display (FED)
o Others

• Application Outlook (Revenue, USD Million; 2019-2032)
o Consumer Electronics
o Avionics
o Advertising and Public Display
o Automotive
o Home Appliance
o Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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