Next-Generation Display Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Next-Generation Display Market Size By 2025?
The market size of next-generation displays has seen a robust growth over the recent past. This market is projected to expand from $209.99 billion in 2024 to a massive $227.6 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.4%. The impressive growth during the historic period is attributed to factors such as an increase in preferences for high-resolution screens, an upsurge in the adoption of organic light emitting diode (OLED) and liquid-crystal display (LCD) technologies, a rise in the usage of smartphones, an enlargement in the gaming and entertainment sectors, and an escalation in investment towards research and development activities.

How Big Is the Next-Generation Display Market Size Expected to Grow by 2029?
Anticipation is high for substantial expansion in the next-generation display market in the forthcoming years. Forecasts predict the market will swell to a size of $325.88 billion in 2029, with a compounded annual growth rate (CAGR) of 9.4%. This increase over the projection period is credited to several factors including enhanced demand for augmented reality (AR) and virtual reality (VR) applications, the burgeoning metaverse, growing preference for microLED and quantum dot displays, the rise of automotive display integration, and a sharpened emphasis on energy-efficient display solutions. Key trends for the ensuing forecast period comprise the evolution of ultra-thin and lightweight displays, leaps forward in display technology, the fusion of displays into smart homes, progress in blue light reduction technology, and the innovation of flexible and foldable screens.

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Which Key Market Drivers Powering Next-Generation Display Market Expansion and Growth?
The growth of the next-generation display market is anticipated to be fuelled by the rising demand for consumer electronics. These electronic devices, designed for regular personal and household usage, focus on aspects like communication, entertainment, and convenience. The surge in demand for these electronics stems from rapid technological advancements and the escalating reliance on smart devices for everyday activities. As a result of technological evolution, consumers are constantly on the lookout for the latest breakthroughs in devices like smartphones, laptops, smart TVs, and wearable technology, prompting periodic updates and replacements. Next-generation displays are radically transforming consumer electronics by offering improved visuals, groundbreaking designs, energy-saving solutions, and augmented interactivity, thus designing the future of smart devices, entertainment mediums, and digital communication. For example, figures from the Japan Electronics and Information Technology Industries Association showcase that the total production of consumer electronics stood at $204.75 million (¥32,099 million) in May 2023, a significant increase from $161.17 million (¥25,268 million) the previous year. Hence, the escalating demand for consumer electronics is propelling the expansion of the next-generation display market.

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Which Emerging Trends Are Transforming the Next-Generation Display Market in 2025?
Leading businesses in the next-generation display market are concentrating their efforts on the development of groundbreaking technology like OLED technologies to enhance image quality, resolution, and overall user interaction. OLED technologies pertain to display devices that use organic compounds to produce light when subjected to an electric current. For example, in May 2024, LG Display Co. Ltd., a display manufacturing company located in South Korea, rolled out a variety of advanced OLED and next-generation display technologies. This unveiling included organic light-emitting diode on silicon (OLEDoS) designed for vertical reality (VR), large-scale OLED panels boasting superior picture quality, and automotive display solutions specifically designed for software defined vehicles (SDV). The OLEDoS for VR is a new addition, offering a higher brightness and resolution for screens compared to existing standards. Despite its small size, equivalent to a coin at just 1.3 inches, it gives off a very bright display of 10,000 nits and a detailed resolution of approximately 4,000 ppi, comparable to 4K quality. It can also replicate over 97% of the DCI-P3 color standard, thereby generating an ultra-realistic virtual reality experience with top-tier visuals.

What Are the Emerging Segments in the Next-Generation Display Market?
The next-generation display market covered in this report is segmented -

1) By Technologies: Quantum Dot Display (QD-LED), Field Emission Display (FED), Laser Phosphor Display (LPD), Organic Light-Emitting Diode (OLED), Organic Light-Emitting Transistor (OLET), Surface-Conduction Electron-Emitter Display (SED), Other Technologies
2) By Material: Substrate, Polarizer, Liquid Crystal, Color Filter, Other Materials
3) By Resolution: 3840x2160, 4096x2160, 3996x2160, 5120x3200, 5120x2160
4) By Application: Industrial, Consumer Electronics, Mobile Phones, Medical, E-Reader, TV And Monitors, Defense And Aerospace, Automotive, Movie And Entertainment, Other Applications

Subsegments:
1) By Quantum Dot Display (QD-LED): QD-OLED, QD-LCD
2) By Field Emission Display (FED): Flat Panel FED, Curved Panel FED
3)By Laser Phosphor Display (LPD): Single-Color LPD, Multi-Color LPD
4) By Organic Light-Emitting Diode (OLED): Flexible OLED, Rigid OLED
5) By Organic Light-Emitting Transistor (OLET): Small Molecule OLET, Polymer OLET
6) By Surface-Conduction Electron-Emitter Display (SED): Full-Color SED, Black-and-White SED
7) By Other Technologies: MicroLED, Electroluminescent Display, Plasma Display

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Who Are the Global Leaders in the Next-Generation Display Market?
Major companies operating in the next-generation display market are Apple Inc, Samsung Electronics, Sony Electronics Inc, Panasonic Corporation Co Ltd, BOE Technology Group Co Ltd, Merck KGaA, LG Display, Sharp Corporation, Koninklijke Philips NV, Corning Incorporated, DuPont Inc, eLux Inc, AUO Corporation, Innolux Corporation, KYOCERA Corporation, Japan Display Inc, Universal Display Corporation (UDC), Xi'an NovaStar Tech Co Ltd, Plessey Semiconductors, FlexEnable Limited, Novaled GmbH, Visionox Company, Nanoco Group plc, JBD Inc, Shoei Electronic Materials Inc

Which are the Top Profitable Regional Markets for the Next-Generation Display Industry?
North America was the largest region in the next-generation display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next-generation display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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