Press release
Embedded display Market to Partake Significant Development During 2022
The global embedded display market is slated to touch a value of about US$ 18,800 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
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4 Forecast Highlights on Global Embedded Display Market
As per the forecast of Persistence Market Research, the LCD display type segment is slated to touch a value of nearly US$ 5,450 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The LCD display type segment is estimated to account for nearly one-third of the revenue share of the display segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the OLED display type segment will reach a value of about US$ 1,600 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The OLED display type segment is forecasted to account for nearly one-fifth of the total revenue share of the display type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the industrial automation systems segment is slated to reach a value of more than US$ 2,900 Mn in 2022. The industrial automation systems segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the industrial automation systems segment.
Persistence Market Research forecasts the U.S. embedded display market to exhibit a compound annual growth rate (CAGR) of nearly 13% from 2017 to 2022.
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Embedded displays are used to execute a color display interface which offers various features like a smart graphic user interface, embedded functionality and touch screens at a price that is affordable for mass production. Embedded displays also have the capability of saving power with greater efficiency and provide flexibility. There is a dramatic increase in the number of automated equipment and systems in various types of industries that has contributed to the growth of the embedded displays market. Besides, the technological advancements in the embedded display arena has contributed to the latest products with high end displays entering the market and contributing to the growth of such products. In addition, greater efficacy and low cost are also responsible for the growth of this market. Moreover, there is an increased usage of embedded display in the 3D systems and this is creating a lot of opportunities for growth in the embedded displays market.
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