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Display Panel Market Research Report Forecast to 2027
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Application of display panels across various sectors such as education and government offices, retail, and hospitality is expected to boost the revenue of global display panel in the coming years. Emergence of multi touch screens, reduction in replacement cycles and changing consumer usage pattern is expected to drive the growth of display panels in the forecast period. Increasing demand in automotive segment, technological advancements and government initiatives towards smart cities are further having a positive impact on the growth of global display panel market. Pricing pressure from online retailers and maturing of smartphone industry are among the prime challenges to be faced by the global display panel market in the forecast period.
Global display panel market can be segmented into application, technology, and display size. On the basis of application, global display panel market can be segmented into flat panel display, car navigation, smartphones and others. On the basis of technology, global display panel market can be segmented into LCD, LED and others. On the basis of display size, global display panel market can be segmented into small screen display, medium screen display and large screen display.
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On the basis of regions, global display panel market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. Although many categories of consumer electronics are reaching maturity, innovation with in technology within the categories is offering growth opportunities for display panel in the forecast period. Strengthening supply chain in the emerging regions is aiding the growth in the global display panel market. China and India in the Asia Pacific excluding Japan region is expected to continue having majority of the revenue share in the coming years. North America and Western Europe are among the regions that are closely followed by Asia Pacific in term of revenue of global display panel market. Latin America, Japan, Eastern Europe and Middle East and Africa are expected to showcase positive growth during the forecast period.
Some of the key players for display panel market include Sony Corporation, Panasonic Corporation, Corning Incorporated, LG Electronics Inc., Asahi Glass, Nippon Electric Glass, Samsung Electronics Co. Ltd., Innolux Corporation, Sharp Corporation and HannStar Display Corporation.
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